NAMM vs. CONL
NAMM (Namib Minerals) is a stock, while CONL (GraniteShares 2x Long COIN Daily ETF) is Leveraged Equities fund actively managed by GraniteShares. Over the past year, NAMM returned -68.78% vs -88.50% for CONL. Their 0.17 correlation means their historical movements had little consistent relationship.
Performance
NAMM vs. CONL - Performance Comparison
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Returns By Period
In the year-to-date period, NAMM achieves a 31.68% return, which is significantly higher than CONL's -72.70% return.
NAMM
- 1D
- -4.32%
- 1M
- -26.52%
- 6M
- -63.86%
- YTD
- 31.68%
- 1Y
- -68.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -89.20%
CONL
- 1D
- -21.10%
- 1M
- -25.93%
- 6M
- -61.90%
- YTD
- -72.70%
- 1Y
- -88.50%
- 3Y*
- -35.39%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -35.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $93.31M | $92.00M | $129.00M | |
NAMM Namib Minerals | $452.57K | $422.89K | $2.24M |
NAMM vs. CONL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NAMM Namib Minerals | 31.68% | -94.13% |
CONL GraniteShares 2x Long COIN Daily ETF | -72.70% | -38.50% |
Correlation
The correlation between NAMM and CONL is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025 | 0.17 |
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Return for Risk
NAMM vs. CONL — Risk / Return Rank
NAMM
CONL
NAMM vs. CONL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Namib Minerals (NAMM) 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.
| NAMM | CONL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.82 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -1.01 | +0.17 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.36 | +0.25 |
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Drawdowns
NAMM vs. CONL - Drawdown Comparison
The maximum NAMM drawdown since its inception was -97.05%, roughly equal to the maximum CONL drawdown of -95.30%. Use the drawdown chart below to compare losses from any high point for NAMM and CONL.
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Drawdown Indicators
| NAMM | CONL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.05% | -95.30% | -1.75% |
Max Drawdown (1Y)Largest decline over 1 year | -79.37% | -91.79% | +12.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -95.30% | — |
Current DrawdownCurrent decline from peak | -95.74% | -95.30% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -89.15% | -57.47% | -31.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.72% | 70.40% | -10.68% |
Volatility
NAMM vs. CONL - Volatility Comparison
The current volatility for Namib Minerals (NAMM) is 23.25%, while GraniteShares 2x Long COIN Daily ETF (CONL) has a volatility of 40.73%. This indicates that NAMM 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.
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Volatility by Period
| NAMM | CONL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.25% | 40.73% | -17.48% |
Volatility (6M)Calculated over the trailing 6-month period | 92.00% | 108.93% | -16.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 202.25% | 138.25% | +64.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 219.62% | 149.42% | +70.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 219.62% | 149.42% | +70.20% |
Dividends
NAMM vs. CONL - Dividend Comparison
Neither NAMM nor CONL has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | 0.00% | 0.00% | 0.31% |
NAMM Namib Minerals | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NAMM and CONL have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CONL has higher volatility (40.73%) compared to NAMM (23.25%). In terms of maximum drawdown, NAMM dropped -97.05% vs CONL's -95.30%.
NAMM currently has the higher Sharpe Ratio (-0.33 vs -0.67), 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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