MSFT vs. CONL
MSFT (Microsoft Corporation) is a stock, while CONL (GraniteShares 2x Long COIN Daily ETF) is Leveraged Equities fund actively managed by GraniteShares. Over the past 3 years, MSFT returned 4.30%/yr vs -8.64%/yr for CONL. At a 0.37 correlation, their price movements are largely independent.
Performance
MSFT vs. CONL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MSFT achieves a -21.20% return, which is significantly higher than CONL's -63.14% return.
MSFT
- 1D
- 0.13%
- 1M
- -9.70%
- YTD
- -21.20%
- 6M
- -21.57%
- 1Y
- -20.37%
- 3Y*
- 4.30%
- 5Y*
- 8.79%
- 10Y*
- 23.97%
CONL
- 1D
- -2.17%
- 1M
- -30.59%
- YTD
- -63.14%
- 6M
- -68.88%
- 1Y
- -83.91%
- 3Y*
- -8.64%
- 5Y*
- —
- 10Y*
- —
MSFT vs. CONL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MSFT Microsoft Corporation | -21.20% | 15.58% | 12.93% | 58.19% | -14.02% |
CONL GraniteShares 2x Long COIN Daily ETF | -63.14% | -58.49% | 4.23% | 641.63% | -80.40% |
Correlation
The correlation between MSFT and CONL is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.37 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MSFT vs. CONL — Risk / Return Rank
MSFT
CONL
MSFT vs. CONL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Microsoft Corporation (MSFT) and GraniteShares 2x Long COIN Daily ETF (CONL). 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.
| MSFT | CONL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.89 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | -0.91 | +0.30 |
| Martin ratioReturn relative to average drawdown | -1.21 | -1.23 | +0.01 |
Loading charts...
Drawdowns
MSFT vs. CONL - Drawdown Comparison
The maximum MSFT drawdown since its inception was -69.38%, smaller than the maximum CONL drawdown of -94.36%. Use the drawdown chart below to compare losses from any high point for MSFT and CONL.
Loading charts...
Drawdown Indicators
| MSFT | CONL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.38% | -94.36% | +24.98% |
Max Drawdown (1Y)Largest decline over 1 year | -33.91% | -92.57% | +58.66% |
Max Drawdown (3Y)Largest decline over 3 years | -33.91% | -94.36% | +60.45% |
Max Drawdown (5Y)Largest decline over 5 years | -37.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.15% | — | — |
Current DrawdownCurrent decline from peak | -29.57% | -93.66% | +64.09% |
Average DrawdownAverage peak-to-trough decline | -21.78% | -56.37% | +34.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.85% | 68.46% | -51.61% |
Volatility
MSFT vs. CONL - Volatility Comparison
The current volatility for Microsoft Corporation (MSFT) is 10.83%, while GraniteShares 2x Long COIN Daily ETF (CONL) has a volatility of 36.22%. This indicates that MSFT experiences smaller price fluctuations and is considered to be less risky than CONL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MSFT | CONL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.83% | 36.22% | -25.39% |
Volatility (6M)Calculated over the trailing 6-month period | 22.72% | 102.76% | -80.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.78% | 139.79% | -114.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.74% | 149.68% | -122.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.09% | 149.68% | -122.59% |
Dividends
MSFT vs. CONL - Dividend Comparison
MSFT's dividend yield for the trailing twelve months is around 0.94%, while CONL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | 0.00% | 0.00% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MSFT Microsoft Corporation | 0.94% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
MSFT and CONL have a correlation of 0.36, 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 MSFT (10.83%). In terms of maximum drawdown, MSFT dropped -69.38% vs CONL's -94.36%.
CONL currently has the higher Sharpe Ratio (-0.62 vs -0.79), 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.
Find the right allocation for MSFT and CONL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer