CONL vs. VHYG.L
Compare and contrast key facts about GraniteShares 2x Long COIN Daily ETF (CONL) and Vanguard FTSE All-World High Dividend Yield UCITS ETF (VHYG.L).
CONL and VHYG.L 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. VHYG.L is a passively managed fund by Vanguard that tracks the performance of the MSCI World High Dividend Yield NR USD. It was launched on Sep 24, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CONL or VHYG.L.
Key characteristics
| CONL | VHYG.L | |
|---|---|---|
| YTD Return | 74.56% | 12.60% |
| 1Y Return | 306.35% | -5.08% |
| Sharpe Ratio | 1.79 | 2.00 |
| Sortino Ratio | 2.82 | 2.80 |
| Omega Ratio | 1.32 | 1.36 |
| Calmar Ratio | 3.76 | 0.86 |
| Martin Ratio | 6.62 | 12.23 |
| Ulcer Index | 45.10% | 1.40% |
| Daily Std Dev | 167.04% | 31.52% |
| Max Drawdown | -82.62% | -28.15% |
| Current Drawdown | -30.61% | -5.08% |
Correlation
The correlation between CONL and VHYG.L is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CONL vs. VHYG.L - Performance Comparison
In the year-to-date period, CONL achieves a 74.56% return, which is significantly higher than VHYG.L's 12.60% 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. VHYG.L - Expense Ratio Comparison
CONL has a 1.15% expense ratio, which is higher than VHYG.L's 0.29% expense ratio.
Risk-Adjusted Performance
CONL vs. VHYG.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long COIN Daily ETF (CONL) and Vanguard FTSE All-World High Dividend Yield UCITS ETF (VHYG.L). 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. VHYG.L - Dividend Comparison
CONL's dividend yield for the trailing twelve months is around 0.18%, while VHYG.L has not paid dividends to shareholders.
| TTM | |
|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | 0.18% |
VHYG.L Vanguard FTSE All-World High Dividend Yield UCITS ETF | 0.00% |
Drawdowns
CONL vs. VHYG.L - Drawdown Comparison
The maximum CONL drawdown since its inception was -82.62%, which is greater than VHYG.L's maximum drawdown of -28.15%. Use the drawdown chart below to compare losses from any high point for CONL and VHYG.L. For additional features, visit the drawdowns tool.
Volatility
CONL vs. VHYG.L - Volatility Comparison
GraniteShares 2x Long COIN Daily ETF (CONL) has a higher volatility of 82.00% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF (VHYG.L) at 2.61%. This indicates that CONL's price experiences larger fluctuations and is considered to be riskier than VHYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.