CONI vs QQQ
GraniteShares 2x Short COIN Daily ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | CONI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.15% | 0.18% | |
| AUM | $11M | $496.3B | |
| Dividend Yield | 1.09% | 0.44% | |
| Holdings | 2 | 108 | |
| YTD Return | -40.93% | +16.23% | |
| 1Y Return | -33.09% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 107.1% | 30.6% | |
| Max Drawdown | -94.4% | -83.0% | |
| Fund Family | GraniteShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 3, 2024 | Mar 10, 1999 |
CONI vs QQQ Performance
GraniteShares 2x Short COIN Daily ETF (CONI) is a ETF from GraniteShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CONI returned -33.09% while QQQ returned +26.23%. Year to date, CONI is down 40.93% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
CONI has been the more volatile fund, with annualized monthly volatility of 107.1% compared with 30.6% for QQQ. 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 -94.4% for CONI and -83.0% for QQQ. 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 -0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CONI charges 1.15% per year while QQQ charges 0.18%. On a $10,000 position that is $115 vs $18 annually, a gap of $97 per year that compounds over a long holding period. On income, CONI currently yields 1.09% against 0.44% for QQQ.
Holdings Overlap
CONI and QQQ share 0 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CONI or QQQ?
CONI has an expense ratio of 1.15% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $97 per year of difference.
Which performed better, CONI or QQQ?
Over the past year CONI returned -33.09% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), CONI annualized -73.66% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, CONI or QQQ?
CONI has been the more volatile fund at 107.1% annualized versus 30.6% for QQQ. Worst drawdown: CONI -94.4% vs QQQ -83.0%.
Should I hold both CONI and QQQ?
CONI and QQQ have a monthly-return correlation of -0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CONI and QQQ?
CONI and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, CONI or QQQ?
CONI yields 1.09% while QQQ yields 0.44%, so CONI currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.