PTIR vs. CONL

Last updated Jun 24, 2026

PTIR (GraniteShares 2x Long PLTR Daily ETF) and CONL (GraniteShares 2x Long COIN Daily ETF) are both Leveraged Equities funds from GraniteShares. Both are actively managed. Over the past year, PTIR returned -52.03% vs -86.06% for CONL. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 1.15% expense ratio.

Performance

PTIR vs. CONL - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with PTIR having a -64.50% return and CONL slightly lower at -65.46%.

PTIR

• 1D: -4.81%
• 1M: -30.43%
• YTD: -64.50%
• 6M: -70.36%
• 1Y: -52.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CONL

• 1D: -7.83%
• 1M: -30.11%
• YTD: -65.46%
• 6M: -70.11%
• 1Y: -86.06%
• 3Y*: -14.86%
• 5Y*: —
• 10Y*: —

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

PTIR vs. CONL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PTIR GraniteShares 2x Long PLTR Daily ETF	-64.50%	221.36%	425.36%
CONL GraniteShares 2x Long COIN Daily ETF	-65.46%	-58.49%	51.20%

Correlation

The correlation between PTIR and CONL is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024	0.52

The correlation between PTIR and CONL has been stable across timeframes, ranging from 0.52 to 0.52 - a consistent structural relationship.

PTIR vs. CONL - Sectors Allocation Comparison

Sectors	PTIR	CONL
Technology	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	100.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

PTIR vs. CONL — Risk / Return Rank

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

PTIR

PTIR Risk / Return Rank: 5
PTIR Sharpe Ratio Rank: 5
PTIR Sortino Ratio Rank: 6
PTIR Omega Ratio Rank: 6
PTIR Calmar Ratio Rank: 3
PTIR Martin Ratio Rank: 3

CONL

CONL Risk / Return Rank: 3
CONL Sharpe Ratio Rank: 4
CONL Sortino Ratio Rank: 3
CONL Omega Ratio Rank: 3
CONL Calmar Ratio Rank: 1
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.

PTIR vs. CONL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PLTR Daily ETF (PTIR) 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.

	PTIR	CONL	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	-0.63	+0.13
Sortino ratio: Return per unit of downside risk	-0.26	-1.10	+0.84
Omega ratio: Gain probability vs. loss probability	0.97	0.88	+0.09
Calmar ratio: Return relative to maximum drawdown	-0.69	-0.93	+0.24
Martin ratio: Return relative to average drawdown	-1.22	-1.25	+0.02

PTIR vs. CONL - Sharpe Ratio Comparison

The current PTIR Sharpe Ratio is -0.51, which is comparable to the CONL Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of PTIR and CONL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PTIR vs. CONL - Drawdown Comparison

The maximum PTIR drawdown since its inception was -75.53%, smaller than the maximum CONL drawdown of -94.36%. Use the drawdown chart below to compare losses from any high point for PTIR and CONL.

Drawdown Indicators

	PTIR	CONL	Difference
Max Drawdown Largest peak-to-trough decline	-75.53%	-94.36%	+18.83%
Max Drawdown (1Y) Largest decline over 1 year	-75.53%	-92.57%	+17.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-94.36%	—
Current Drawdown Current decline from peak	-75.53%	-94.06%	+18.53%
Average Drawdown Average peak-to-trough decline	-28.60%	-56.45%	+27.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.52%	68.94%	-26.42%

Volatility

PTIR vs. CONL - Volatility Comparison

GraniteShares 2x Long PLTR Daily ETF (PTIR) and GraniteShares 2x Long COIN Daily ETF (CONL) have volatilities of 37.93% and 36.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTIR	CONL	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.93%	36.69%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	77.76%	102.83%	-25.07%
Volatility (1Y) Calculated over the trailing 1-year period	102.66%	135.85%	-33.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	128.79%	149.59%	-20.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	128.79%	149.59%	-20.80%

PTIR vs. CONL - Expense Ratio Comparison

Both PTIR and CONL have an expense ratio of 1.15%.

Dividends

PTIR vs. CONL - Dividend Comparison

PTIR's dividend yield for the trailing twelve months is around 16.37%, while CONL has not paid dividends to shareholders.

Position	TTM	2025	2024
CONL GraniteShares 2x Long COIN Daily ETF	0.00%	0.00%	0.31%
PTIR GraniteShares 2x Long PLTR Daily ETF	16.37%	5.81%	0.00%

Frequently Asked Questions

Can I hold both PTIR and CONL in my portfolio?

PTIR and CONL have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTIR or CONL?

PTIR has higher volatility (37.93%) compared to CONL (36.69%). In terms of maximum drawdown, PTIR dropped -75.53% vs CONL's -94.36%.

Which ETF is better, PTIR or CONL?

On 1-year performance, PTIR leads with -52.03% vs -86.06% for CONL. Both ETFs have the same 1.15% expense ratio. On volatility, CONL has been the lower-risk option at 36.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTIR or CONL?

Over the 1-year period, PTIR has performed better with a -52.03% return vs -86.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTIR or CONL?

PTIR and CONL have the same expense ratio: 1.15% per year.

Which ETF pays a higher dividend yield, PTIR or CONL?

PTIR has the higher dividend yield at 16.37%, compared with 0.00% for CONL.

Which has better risk-adjusted returns?

PTIR currently has the higher Sharpe Ratio (-0.51 vs -0.63), 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.