CONL vs. TQQQ

In the year-to-date period, CONL achieves a -22.36% return, which is significantly lower than TQQQ's -12.37% return.

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CONL has a 1.15% expense ratio, which is higher than TQQQ's 0.95% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long COIN Daily ETF (CONL) and ProShares UltraPro QQQ (TQQQ). 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.

The current CONL Sharpe Ratio is -0.18, which is lower than the TQQQ Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of CONL and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

CONL has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.43%.

The maximum CONL drawdown since its inception was -87.62%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for CONL and TQQQ. For additional features, visit the drawdowns tool.

GraniteShares 2x Long COIN Daily ETF (CONL) has a higher volatility of 45.78% compared to ProShares UltraPro QQQ (TQQQ) at 22.30%. This indicates that CONL's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.