CONL vs VOO
GraniteShares 2x Long 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 | CONL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.04% | 0.03% | |
| AUM | $523M | $979.0B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 2 | 509 | |
| YTD Return | -74.41% | +13.79% | |
| 1Y Return | -88.44% | +23.01% | |
| 3Y Return (annualized) | -29.70% | +21.78% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 159.8% | 14.1% | |
| Max Drawdown | -95.4% | -34.3% | |
| Fund Family | GraniteShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 9, 2022 | Sep 7, 2010 |
CONL vs VOO Performance
GraniteShares 2x Long COIN Daily ETF (CONL) is a ETF from GraniteShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CONL returned -88.44% while VOO returned +23.01%. Year to date, CONL is down 74.41% versus a gain of 13.79% for VOO.
Over three years, CONL compounded at -29.70% per year against +21.78% for VOO. Across the full 4-year window we track, VOO has the edge at +13.57% annualized vs -33.52%. 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 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 -95.4% for CONL 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CONL charges 1.04% per year while VOO 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 VOO.
Holdings Overlap
CONL and VOO 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 VOO | Difference |
|---|---|---|---|
| COIN | 66.65% | 0.05% | 66.60% |
Frequently Asked Questions
Which is cheaper, CONL or VOO?
CONL has an expense ratio of 1.04% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $101 per year of difference.
Which performed better, CONL or VOO?
Over the past year CONL returned -88.44% vs +23.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), CONL annualized -33.52% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, CONL or VOO?
CONL has been the more volatile fund at 159.8% annualized versus 14.1% for VOO. Worst drawdown: CONL -95.4% vs VOO -34.3%.
Should I hold both CONL and VOO?
CONL and VOO 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 VOO?
CONL and VOO share 1 common holdings with a 0.1% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, CONL or VOO?
CONL yields 0.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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