CONL vs IVV
GraniteShares 2x Long 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 505 holdings.
Side-by-Side Comparison
| Metric | CONL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.04% | 0.03% | |
| AUM | $523M | $865.2B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 2 | 508 | |
| YTD Return | -74.28% | +13.72% | |
| 1Y Return | -88.60% | +21.64% | |
| 3Y Return (annualized) | -29.50% | +21.55% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 159.8% | 15.1% | |
| Max Drawdown | -95.4% | -56.5% | |
| Fund Family | GraniteShares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 9, 2022 | May 15, 2000 |
CONL vs IVV Performance
GraniteShares 2x Long COIN Daily ETF (CONL) 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 CONL returned -88.60% while IVV returned +21.64%. Year to date, CONL is down 74.28% versus a gain of 13.72% for IVV.
Over three years, CONL compounded at -29.50% per year against +21.55% for IVV. Across the full 4-year window we track, IVV has the edge at +7.04% annualized vs -33.41%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CONL has been the more volatile fund, with annualized monthly volatility of 159.8% 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 -95.4% for CONL 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
CONL charges 1.04% per year while IVV charges 0.03%. On a $10,000 position that is $104 vs $3 annually, a gap of $101 per year that compounds over a long holding period. On income, CONL currently yields 0.00% against 1.09% for IVV.
Holdings Overlap
CONL and IVV share 1 holdings out of 505 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CONL | Weight in IVV | Difference |
|---|---|---|---|
| COIN | 66.65% | 0.06% | 66.59% |
Frequently Asked Questions
Which is cheaper, CONL or IVV?
CONL has an expense ratio of 1.04% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $101 per year of difference.
Which performed better, CONL or IVV?
Over the past year CONL returned -88.60% vs +21.64% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), CONL annualized -33.41% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, CONL or IVV?
CONL has been the more volatile fund at 159.8% annualized versus 15.1% for IVV. Worst drawdown: CONL -95.4% vs IVV -56.5%.
Should I hold both CONL and IVV?
CONL 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 CONL and IVV?
CONL and IVV share 1 common holdings with a 0.1% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, CONL or IVV?
CONL yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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