NVDA vs. CONL
NVDA (NVIDIA 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, NVDA returned 70.37%/yr vs -8.64%/yr for CONL. At a 0.43 correlation, their price movements are largely independent.
Performance
NVDA vs. CONL - Performance Comparison
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Returns By Period
In the year-to-date period, NVDA achieves a 13.11% return, which is significantly higher than CONL's -63.14% return.
NVDA
- 1D
- 2.95%
- 1M
- -5.61%
- YTD
- 13.11%
- 6M
- 16.55%
- 1Y
- 45.02%
- 3Y*
- 70.37%
- 5Y*
- 62.53%
- 10Y*
- 68.15%
CONL
- 1D
- -2.17%
- 1M
- -30.59%
- YTD
- -63.14%
- 6M
- -68.88%
- 1Y
- -83.91%
- 3Y*
- -8.64%
- 5Y*
- —
- 10Y*
- —
NVDA vs. CONL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NVDA NVIDIA Corporation | 13.11% | 38.92% | 171.25% | 239.02% | -17.82% |
CONL GraniteShares 2x Long COIN Daily ETF | -63.14% | -58.49% | 4.23% | 641.63% | -80.40% |
Correlation
The correlation between NVDA and CONL is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.43 |
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Return for Risk
NVDA vs. CONL — Risk / Return Rank
NVDA
CONL
NVDA vs. CONL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NVIDIA Corporation (NVDA) 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.
| NVDA | CONL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.89 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | -0.91 | +3.15 |
| Martin ratioReturn relative to average drawdown | 5.26 | -1.23 | +6.49 |
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Drawdowns
NVDA vs. CONL - Drawdown Comparison
The maximum NVDA drawdown since its inception was -89.72%, roughly equal to the maximum CONL drawdown of -94.36%. Use the drawdown chart below to compare losses from any high point for NVDA and CONL.
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Drawdown Indicators
| NVDA | CONL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.72% | -94.36% | +4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -20.21% | -92.57% | +72.36% |
Max Drawdown (3Y)Largest decline over 3 years | -36.88% | -94.36% | +57.48% |
Max Drawdown (5Y)Largest decline over 5 years | -66.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.34% | — | — |
Current DrawdownCurrent decline from peak | -10.52% | -93.66% | +83.14% |
Average DrawdownAverage peak-to-trough decline | -36.16% | -56.37% | +20.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.58% | 68.46% | -59.88% |
Volatility
NVDA vs. CONL - Volatility Comparison
The current volatility for NVIDIA Corporation (NVDA) is 12.86%, while GraniteShares 2x Long COIN Daily ETF (CONL) has a volatility of 36.22%. This indicates that NVDA 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
| NVDA | CONL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.86% | 36.22% | -23.36% |
Volatility (6M)Calculated over the trailing 6-month period | 26.90% | 102.76% | -75.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.25% | 139.79% | -104.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.79% | 149.68% | -97.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.87% | 149.68% | -99.81% |
Dividends
NVDA vs. CONL - Dividend Comparison
NVDA's dividend yield for the trailing twelve months is around 0.13%, 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% |
NVDA NVIDIA Corporation | 0.13% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
Frequently Asked Questions
NVDA and CONL have a correlation of 0.41, 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 NVDA (12.86%). In terms of maximum drawdown, NVDA dropped -89.72% vs CONL's -94.36%.
NVDA currently has the higher Sharpe Ratio (1.28 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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