CONL vs. TSLA
CONL (GraniteShares 2x Long COIN Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while TSLA (Tesla, Inc.) is a stock. Over the past 3 years, CONL returned -8.64%/yr vs 15.41%/yr for TSLA. At a 0.44 correlation, their price movements are largely independent.
Performance
CONL vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, CONL achieves a -63.14% return, which is significantly lower than TSLA's -10.95% return.
CONL
- 1D
- -2.17%
- 1M
- -30.59%
- YTD
- -63.14%
- 6M
- -68.88%
- 1Y
- -83.91%
- 3Y*
- -8.64%
- 5Y*
- —
- 10Y*
- —
TSLA
- 1D
- 1.04%
- 1M
- -4.02%
- YTD
- -10.95%
- 6M
- -16.77%
- 1Y
- 24.36%
- 3Y*
- 15.41%
- 5Y*
- 14.03%
- 10Y*
- 39.21%
CONL vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | -63.14% | -58.49% | 4.23% | 641.63% | -80.40% |
TSLA Tesla, Inc. | -10.95% | 11.36% | 62.52% | 101.72% | -57.59% |
Correlation
The correlation between CONL and TSLA is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.44 |
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Return for Risk
CONL vs. TSLA — Risk / Return Rank
CONL
TSLA
CONL vs. TSLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long COIN Daily ETF (CONL) and Tesla, Inc. (TSLA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CONL | TSLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.12 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 0.82 | -1.73 |
| Martin ratioReturn relative to average drawdown | -1.23 | 1.84 | -3.07 |
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Drawdowns
CONL vs. TSLA - Drawdown Comparison
The maximum CONL drawdown since its inception was -94.36%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for CONL and TSLA.
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Drawdown Indicators
| CONL | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.36% | -73.63% | -20.73% |
Max Drawdown (1Y)Largest decline over 1 year | -92.57% | -29.93% | -62.64% |
Max Drawdown (3Y)Largest decline over 3 years | -94.36% | -53.77% | -40.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.63% | — |
Current DrawdownCurrent decline from peak | -93.66% | -18.25% | -75.41% |
Average DrawdownAverage peak-to-trough decline | -56.37% | -22.71% | -33.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.46% | 13.25% | +55.21% |
Volatility
CONL vs. TSLA - Volatility Comparison
GraniteShares 2x Long COIN Daily ETF (CONL) has a higher volatility of 36.22% compared to Tesla, Inc. (TSLA) at 13.43%. This indicates that CONL's price experiences larger fluctuations and is considered to be riskier than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CONL | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.22% | 13.43% | +22.79% |
Volatility (6M)Calculated over the trailing 6-month period | 102.76% | 28.33% | +74.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 139.79% | 44.31% | +95.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 149.68% | 58.99% | +90.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 149.68% | 59.15% | +90.53% |
Dividends
CONL vs. TSLA - Dividend Comparison
Neither CONL nor TSLA has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | 0.00% | 0.00% | 0.31% |
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CONL and TSLA have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CONL has higher volatility (36.22%) compared to TSLA (13.43%). In terms of maximum drawdown, CONL dropped -94.36% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.55 vs -0.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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