CONL vs QQQ
GraniteShares 2x Long 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 103 holdings.
Side-by-Side Comparison
| Metric | CONL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.04% | 0.18% | |
| AUM | $523M | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 2 | 108 | |
| YTD Return | -72.72% | +19.68% | |
| 1Y Return | -88.24% | +26.75% | |
| 3Y Return (annualized) | -28.08% | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | 159.8% | 30.6% | |
| Max Drawdown | -95.4% | -83.0% | |
| Fund Family | GraniteShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 9, 2022 | Mar 10, 1999 |
CONL vs QQQ Performance
GraniteShares 2x Long COIN Daily ETF (CONL) is a ETF from GraniteShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CONL returned -88.24% while QQQ returned +26.75%. Year to date, CONL is down 72.72% versus a gain of 19.68% for QQQ.
Over three years, CONL compounded at -28.08% per year against +26.25% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.15% annualized vs -32.40%. 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 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 -95.4% for CONL 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
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 0.41% for QQQ.
Holdings Overlap
CONL and QQQ share 0 holdings out of 104 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, CONL or QQQ?
CONL has an expense ratio of 1.04% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, CONL or QQQ?
Over the past year CONL returned -88.24% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), CONL annualized -32.40% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, CONL or QQQ?
CONL has been the more volatile fund at 159.8% annualized versus 30.6% for QQQ. Worst drawdown: CONL -95.4% vs QQQ -83.0%.
Should I hold both CONL and QQQ?
CONL and QQQ have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CONL and QQQ?
CONL and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, CONL or QQQ?
CONL yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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