CONL vs QQQ
GraniteShares 2x Long COIN Daily ETF vs Invesco QQQ Trust, Series 1
Which is better, CONL or QQQ?
Trading-Leveraged Equity against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window.
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 | QQQ |
|---|---|---|
| Expense Ratio | 1.04% | 0.18%Best |
| AUM | $574M | $486.1B |
| Dividend Yield | 0.00% | 0.44% |
| Holdings | 2 | 107 |
| YTD Return | -62.89% | +17.54%Best |
| 1Y Return | -81.38% | +25.59%Best |
| 3Y Return (annualized) | -18.17% | +24.63%Best |
| 5Y Return (annualized) | - | +14.18% |
| Volatility (annualized) | 160.2% | 18.9%Best |
| Max Drawdown | -95.4% | -22.8%Best |
| $10,000 over 4.1 years | $2,803 | $23,375Best |
| Fund Family | GraniteShares | Invesco (US) |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Growth |
| Inception | Aug 9, 2022 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.1 years row, are measured over the window both funds cover: Aug 9, 2022 to Sep 4, 2026 (4.1 years).
CONL vs QQQ 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 4.1 years both funds cover.
CONL vs QQQ Performance
GraniteShares 2x Long COIN Daily ETF (CONL) is an ETF from GraniteShares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CONL returned -81.38% while QQQ returned +25.59%. Year to date, CONL is down 62.89% versus a gain of 17.54% for QQQ.
Over three years, CONL compounded at -18.17% per year against +24.63% for QQQ. Across the full 4-year window we track, QQQ has the edge at +23.01% annualized vs -26.67%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CONL has been the more volatile fund, with annualized monthly volatility of 160.2% compared with 18.9% 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 -95.4% for CONL and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CONL charges 1.04% per year while QQQ charges 0.18%. On a $10,000 position that is $104 vs $18 annually, a gap of $86 per year that compounds over a long holding period. On income, CONL currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 1 holding in CONL and 102 in QQQ, totalling 66.7% and 99.9% 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 102 in QQQ, against full books of 2 and 107.
You are not choosing between two funds in isolation.
Whichever of CONL and QQQ 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 QQQ?
CONL has an expense ratio of 1.04% while QQQ charges 0.18%. QQQ is the cheaper option, by $86 a year on a $10,000 investment.
Which performed better, CONL or QQQ?
Over the past year CONL returned -81.38% vs +25.59% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), CONL annualized -26.67% vs +23.01% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CONL or QQQ?
CONL has been the more volatile fund at 160.2% annualized versus 18.9% for QQQ. Worst drawdown: CONL -95.4% vs QQQ -22.8%.
Should I hold both CONL and QQQ?
CONL and QQQ have a monthly-return correlation of 0.52, 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 QQQ?
CONL yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than CONL?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.