NAMM vs. CONL

Last updated Jun 4, 2026

NAMM (Namib Minerals) is a stock, while CONL (GraniteShares 2x Long COIN Daily ETF) is Leveraged Equities fund actively managed by GraniteShares. At a 0.17 correlation, their price movements are largely independent.

Performance

NAMM vs. CONL - Performance Comparison

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

Returns By Period

In the year-to-date period, NAMM achieves a 131.68% return, which is significantly higher than CONL's -62.12% return.

NAMM

• 1D: -3.31%
• 1M: 21.88%
• YTD: 131.68%
• 6M: 77.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CONL

• 1D: -12.32%
• 1M: -38.47%
• YTD: -62.12%
• 6M: -75.31%
• 1Y: -79.34%
• 3Y*: -14.88%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NAMM vs. CONL - Yearly Performance Comparison

	2026 (YTD)	2025
NAMM Namib Minerals	131.68%	-96.76%
CONL GraniteShares 2x Long COIN Daily ETF	-62.12%	-41.77%

Correlation

The correlation between NAMM and CONL is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025	0.17

Return for Risk

NAMM vs. CONL — Risk / Return Rank

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

CONL

CONL Risk / Return Rank: 3
CONL Sharpe Ratio Rank: 4
CONL Sortino Ratio Rank: 4
CONL Omega Ratio Rank: 4
CONL Calmar Ratio Rank: 2
CONL Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NAMM	CONL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	-0.20	-0.23

Drawdowns

NAMM vs. CONL - Drawdown Comparison

The maximum NAMM drawdown since its inception was -97.05%, roughly equal to the maximum CONL drawdown of -93.95%. Use the drawdown chart below to compare losses from any high point for NAMM and CONL.

Drawdown Indicators

	NAMM	CONL	Difference
Max Drawdown Largest peak-to-trough decline	-97.05%	-93.95%	-3.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-92.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-93.95%	—
Current Drawdown Current decline from peak	-92.50%	-93.48%	+0.98%
Average Drawdown Average peak-to-trough decline	-88.63%	-55.95%	-32.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	65.74%	—

Volatility

Volatility by Period

	NAMM	CONL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	38.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	101.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	220.02%	139.40%	+80.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	220.02%	149.93%	+70.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	220.02%	149.93%	+70.09%

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

Can I hold both NAMM and CONL in my portfolio?

NAMM and CONL have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.