CONL vs. TERG

Last updated Apr 1, 2026

Compare and contrast key facts about GraniteShares 2x Long COIN Daily ETF (CONL) and Leverage Shares 2X Long TER Daily ETF (TERG).

CONL and TERG 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. TERG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025.

Performance

CONL vs. TERG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long COIN Daily ETF (CONL) and Leverage Shares 2X Long TER Daily ETF (TERG). The values are adjusted to include any dividend payments, if applicable.

CONL vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
CONL GraniteShares 2x Long COIN Daily ETF	-52.22%	-30.14%
TERG Leverage Shares 2X Long TER Daily ETF	102.79%	28.17%

Returns By Period

In the year-to-date period, CONL achieves a -52.22% return, which is significantly lower than TERG's 102.79% return.

CONL

• 1D: 16.67%
• 1M: -8.14%
• YTD: -52.22%
• 6M: -81.28%
• 1Y: -49.49%
• 3Y*: -11.69%
• 5Y*: —
• 10Y*: —

TERG

• 1D: 14.40%
• 1M: -19.76%
• YTD: 102.79%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CONL vs. TERG - Expense Ratio Comparison

CONL has a 1.15% expense ratio, which is higher than TERG's 0.75% expense ratio.

CONL

GraniteShares 2x Long COIN Daily ETF

TERG

Leverage Shares 2X Long TER Daily ETF

Return for Risk

CONL vs. TERG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CONL

CONL Risk / Return Rank: 10
CONL Sharpe Ratio Rank: 6
CONL Sortino Ratio Rank: 18
CONL Omega Ratio Rank: 17
CONL Calmar Ratio Rank: 3
CONL Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CONL vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long COIN Daily ETF (CONL) and Leverage Shares 2X Long TER Daily ETF (TERG). 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.

	CONL	TERG	Difference
Sharpe ratio Return per unit of total volatility	-0.33	—	—
Sortino ratio Return per unit of downside risk	0.42	—	—
Omega ratio Gain probability vs. loss probability	1.05	—	—
Calmar ratio Return relative to maximum drawdown	-0.55	—	—
Martin ratio Return relative to average drawdown	-0.92	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CONL	TERG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	10.56	-10.73

Correlation

The correlation between CONL and TERG is 0.48, 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.

Dividends

CONL vs. TERG - Dividend Comparison

Neither CONL nor TERG has paid dividends to shareholders.

	TTM	2025	2024
CONL GraniteShares 2x Long COIN Daily ETF	0.00%	0.00%	0.31%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%	0.00%

Drawdowns

CONL vs. TERG - Drawdown Comparison

The maximum CONL drawdown since its inception was -93.95%, which is greater than TERG's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for CONL and TERG.

Drawdown Indicators

	CONL	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-93.95%	-39.32%	-54.63%
Max Drawdown (1Y) Largest decline over 1 year	-92.02%	—	—
Current Drawdown Current decline from peak	-91.78%	-30.58%	-61.20%
Average Drawdown Average peak-to-trough decline	-54.28%	-9.77%	-44.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	54.87%	—	—

Volatility

Volatility by Period

	CONL	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	45.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	103.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	149.22%	124.59%	+24.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	151.01%	124.59%	+26.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	151.01%	124.59%	+26.42%