CONL vs MUD
GraniteShares 2x Long COIN Daily ETF vs Direxion Daily MU Bear 1X ETF
Which is better, CONL or MUD?
Each has led over a different period.
MUD has a lower expense ratio. CONL led over the full window, MUD over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CONL | MUD |
|---|---|---|
| Expense Ratio | 1.04% | 1.02%Best |
| AUM | $357M | $43M |
| Dividend Yield | 0.00% | 7.97% |
| Holdings | 4 | 16 |
| YTD Return | -82.54% | -74.23%Best |
| 1Y Return | -89.59% | -81.78%Best |
| 3Y Return (annualized) | -39.88% | - |
| Volatility (annualized) | 154.9% | 70.2%Best |
| Max Drawdown | -96.1%Best | -97.1% |
| $10,000 over 2.1 years | $1,307Best | $564 |
| Fund Family | GraniteShares | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Leveraged Equity | Trading-Leveraged Equity |
| Inception | Aug 9, 2022 | Oct 10, 2024 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Oct 10, 2024 to Nov 6, 2026 (2.1 years).
CONL vs MUD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.1 years both funds cover.
CONL vs MUD Performance
GraniteShares 2x Long COIN Daily ETF (CONL) is an ETF from GraniteShares and Direxion Daily MU Bear 1X ETF (MUD) is an ETF from Direxion Shares ETF Trust. Over the past year CONL returned -89.59% while MUD returned -81.78%. Year to date, CONL is down 82.54% versus a loss of 74.23% for MUD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CONL has been the more volatile fund, with annualized monthly volatility of 154.9% compared with 70.2% for MUD. 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 -96.1% for CONL and -97.1% for MUD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.12. They move largely independently of each other.
Fees and Cost Over Time
CONL charges 1.04% per year while MUD charges 1.02%. On a $10,000 position that is $104 vs $102 annually, a gap of $2 per year that compounds over a long holding period. On income, CONL currently yields 0.00% against 7.97% for MUD.
Holdings Overlap
We hold position weights for 1 holding in CONL and 1 in MUD, totalling 199.5% and 8.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in CONL and 1 in MUD, against full books of 4 and 16.
You are not choosing between two funds in isolation.
Whichever of CONL and MUD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CONL or MUD?
CONL has an expense ratio of 1.04% while MUD charges 1.02%. MUD is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, CONL or MUD?
Over the past year CONL returned -89.59% vs -81.78% for MUD, so MUD leads on 1-year performance. Over the longest common window we track (2 years), CONL annualized -62.05% vs -74.56% for MUD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CONL or MUD?
CONL has been the more volatile fund at 154.9% annualized versus 70.2% for MUD. Worst drawdown: CONL -96.1% vs MUD -97.1%.
Should I hold both CONL and MUD?
CONL and MUD have a monthly-return correlation of -0.12, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CONL or MUD?
CONL yields 0.00% while MUD yields 7.97%, so MUD currently pays the higher dividend yield.
Is MUD better than CONL?
MUD has a lower expense ratio. CONL led over the full window, MUD over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.