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CONL vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CONL and TQQQ is 0.52, 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.


-0.50.00.51.0
Correlation: 0.5

Performance

CONL vs. TQQQ - Performance Comparison

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

-50.00%0.00%50.00%100.00%150.00%200.00%NovemberDecember2025FebruaryMarchApril
-13.36%
60.72%
CONL
TQQQ

Key characteristics

Sharpe Ratio

CONL:

-0.39

TQQQ:

0.05

Sortino Ratio

CONL:

0.27

TQQQ:

0.60

Omega Ratio

CONL:

1.03

TQQQ:

1.08

Calmar Ratio

CONL:

-0.75

TQQQ:

0.06

Martin Ratio

CONL:

-1.38

TQQQ:

0.19

Ulcer Index

CONL:

47.77%

TQQQ:

20.26%

Daily Std Dev

CONL:

167.74%

TQQQ:

74.90%

Max Drawdown

CONL:

-87.62%

TQQQ:

-81.66%

Current Drawdown

CONL:

-78.62%

TQQQ:

-43.76%

Returns By Period

In the year-to-date period, CONL achieves a -48.40% return, which is significantly lower than TQQQ's -33.91% return.


CONL

YTD

-48.40%

1M

-7.70%

6M

-43.74%

1Y

-65.11%

5Y*

N/A

10Y*

N/A

TQQQ

YTD

-33.91%

1M

-22.31%

6M

-28.62%

1Y

-1.62%

5Y*

27.30%

10Y*

27.38%

*Annualized

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CONL vs. TQQQ - Expense Ratio Comparison

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


Expense ratio chart for CONL: current value is 1.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
CONL: 1.15%
Expense ratio chart for TQQQ: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TQQQ: 0.95%

Risk-Adjusted Performance

CONL vs. TQQQ — Risk-Adjusted Performance Rank

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

CONL
The Risk-Adjusted Performance Rank of CONL is 1414
Overall Rank
The Sharpe Ratio Rank of CONL is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of CONL is 3030
Sortino Ratio Rank
The Omega Ratio Rank of CONL is 2727
Omega Ratio Rank
The Calmar Ratio Rank of CONL is 00
Calmar Ratio Rank
The Martin Ratio Rank of CONL is 33
Martin Ratio Rank

TQQQ
The Risk-Adjusted Performance Rank of TQQQ is 3636
Overall Rank
The Sharpe Ratio Rank of TQQQ is 2727
Sharpe Ratio Rank
The Sortino Ratio Rank of TQQQ is 4848
Sortino Ratio Rank
The Omega Ratio Rank of TQQQ is 4848
Omega Ratio Rank
The Calmar Ratio Rank of TQQQ is 3030
Calmar Ratio Rank
The Martin Ratio Rank of TQQQ is 2828
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CONL vs. TQQQ - Risk-Adjusted Performance Comparison

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 chart of Sharpe ratio for CONL, currently valued at -0.39, compared to the broader market-1.000.001.002.003.004.00
CONL: -0.39
TQQQ: 0.05
The chart of Sortino ratio for CONL, currently valued at 0.27, compared to the broader market-2.000.002.004.006.008.00
CONL: 0.27
TQQQ: 0.60
The chart of Omega ratio for CONL, currently valued at 1.03, compared to the broader market0.501.001.502.002.50
CONL: 1.03
TQQQ: 1.08
The chart of Calmar ratio for CONL, currently valued at -0.75, compared to the broader market0.002.004.006.008.0010.0012.00
CONL: -0.75
TQQQ: 0.06
The chart of Martin ratio for CONL, currently valued at -1.38, compared to the broader market0.0020.0040.0060.00
CONL: -1.38
TQQQ: 0.19

The current CONL Sharpe Ratio is -0.39, which is lower than the TQQQ Sharpe Ratio of 0.05. 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.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.39
0.05
CONL
TQQQ

Dividends

CONL vs. TQQQ - Dividend Comparison

CONL has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.89%.


TTM20242023202220212020201920182017201620152014
CONL
GraniteShares 2x Long COIN Daily ETF
0.00%0.31%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TQQQ
ProShares UltraPro QQQ
1.89%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%

Drawdowns

CONL vs. TQQQ - Drawdown Comparison

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.


-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-78.62%
-43.76%
CONL
TQQQ

Volatility

CONL vs. TQQQ - Volatility Comparison

GraniteShares 2x Long COIN Daily ETF (CONL) and ProShares UltraPro QQQ (TQQQ) have volatilities of 48.96% and 48.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


20.00%40.00%60.00%80.00%NovemberDecember2025FebruaryMarchApril
48.96%
48.70%
CONL
TQQQ