CONI vs IVV
GraniteShares 2x Short COIN Daily ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | CONI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.15% | 0.03% | |
| AUM | $11M | $907.0B | |
| Dividend Yield | 1.09% | 1.10% | |
| Holdings | 2 | 508 | |
| YTD Return | -54.03% | +13.51% | |
| 1Y Return | -45.29% | +20.65% | |
| 3Y Return (annualized) | - | +21.94% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 109.7% | 15.1% | |
| Max Drawdown | -94.8% | -56.5% | |
| Fund Family | GraniteShares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 3, 2024 | May 15, 2000 |
CONI vs IVV Performance
GraniteShares 2x Short COIN Daily ETF (CONI) is a ETF from GraniteShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CONI returned -45.29% while IVV returned +20.65%. Year to date, CONI is down 54.03% versus a gain of 13.51% for IVV.
Risk: Volatility and Drawdowns
CONI has been the more volatile fund, with annualized monthly volatility of 109.7% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -94.8% for CONI and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CONI charges 1.15% per year while IVV charges 0.03%. On a $10,000 position that is $115 vs $3 annually, a gap of $112 per year that compounds over a long holding period. On income, CONI currently yields 1.09% against 1.10% for IVV.
Holdings Overlap
CONI and IVV share 1 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CONI | Weight in IVV | Difference |
|---|---|---|---|
| COIN | -200.37% | 0.06% | 200.43% |
Frequently Asked Questions
Which is cheaper, CONI or IVV?
CONI has an expense ratio of 1.15% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $112 per year of difference.
Which performed better, CONI or IVV?
Over the past year CONI returned -45.29% vs +20.65% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), CONI annualized -76.50% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, CONI or IVV?
CONI has been the more volatile fund at 109.7% annualized versus 15.1% for IVV. Worst drawdown: CONI -94.8% vs IVV -56.5%.
Should I hold both CONI and IVV?
CONI and IVV have a monthly-return correlation of -0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CONI and IVV?
CONI and IVV share 1 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, CONI or IVV?
CONI yields 1.09% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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