CONI vs VOO
GraniteShares 2x Short COIN Daily ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CONI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.15% | 0.03% | |
| AUM | $10M | $979.0B | |
| Dividend Yield | 0.94% | 1.09% | |
| Holdings | 2 | 509 | |
| YTD Return | -15.96% | +13.79% | |
| 1Y Return | +3.63% | +23.01% | |
| 3Y Return (annualized) | - | +21.78% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 105.0% | 14.1% | |
| Max Drawdown | -94.4% | -34.3% | |
| Fund Family | GraniteShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 3, 2024 | Sep 7, 2010 |
CONI vs VOO Performance
GraniteShares 2x Short COIN Daily ETF (CONI) is a ETF from GraniteShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CONI returned +3.63% while VOO returned +23.01%. Year to date, CONI is down 15.96% versus a gain of 13.79% for VOO.
Risk: Volatility and Drawdowns
CONI has been the more volatile fund, with annualized monthly volatility of 105.0% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 -0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CONI charges 1.15% per year while VOO 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 0.94% against 1.09% for VOO.
Holdings Overlap
CONI and VOO 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 VOO | Difference |
|---|---|---|---|
| COIN | -200.37% | 0.05% | 200.42% |
Frequently Asked Questions
Which is cheaper, CONI or VOO?
CONI has an expense ratio of 1.15% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $112 per year of difference.
Which performed better, CONI or VOO?
Over the past year CONI returned +3.63% vs +23.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), CONI annualized -68.97% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, CONI or VOO?
CONI has been the more volatile fund at 105.0% annualized versus 14.1% for VOO. Worst drawdown: CONI -94.4% vs VOO -34.3%.
Should I hold both CONI and VOO?
CONI and VOO have a monthly-return correlation of -0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CONI and VOO?
CONI and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, CONI or VOO?
CONI yields 0.94% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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