CONL vs. SPXL
Compare and contrast key facts about GraniteShares 2x Long COIN Daily ETF (CONL) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
CONL and SPXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CONL is an actively managed fund by GraniteShares. It was launched on Aug 9, 2022. SPXL is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (300%). It was launched on Nov 5, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CONL or SPXL.
Key characteristics
| CONL | SPXL | |
|---|---|---|
| YTD Return | 74.56% | 65.10% |
| 1Y Return | 306.35% | 93.38% |
| Sharpe Ratio | 1.79 | 2.59 |
| Sortino Ratio | 2.82 | 2.97 |
| Omega Ratio | 1.32 | 1.41 |
| Calmar Ratio | 3.76 | 2.45 |
| Martin Ratio | 6.62 | 15.50 |
| Ulcer Index | 45.10% | 6.05% |
| Daily Std Dev | 167.04% | 36.21% |
| Max Drawdown | -82.62% | -76.86% |
| Current Drawdown | -30.61% | -6.65% |
Correlation
The correlation between CONL and SPXL is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CONL vs. SPXL - Performance Comparison
In the year-to-date period, CONL achieves a 74.56% return, which is significantly higher than SPXL's 65.10% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CONL vs. SPXL - Expense Ratio Comparison
CONL has a 1.15% expense ratio, which is higher than SPXL's 1.02% expense ratio.
Risk-Adjusted Performance
CONL vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long COIN Daily ETF (CONL) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
CONL vs. SPXL - Dividend Comparison
CONL's dividend yield for the trailing twelve months is around 0.18%, less than SPXL's 0.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.72% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
Drawdowns
CONL vs. SPXL - Drawdown Comparison
The maximum CONL drawdown since its inception was -82.62%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for CONL and SPXL. For additional features, visit the drawdowns tool.
Volatility
CONL vs. SPXL - Volatility Comparison
GraniteShares 2x Long COIN Daily ETF (CONL) has a higher volatility of 82.00% compared to Direxion Daily S&P 500 Bull 3X Shares (SPXL) at 12.23%. This indicates that CONL's price experiences larger fluctuations and is considered to be riskier than SPXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.