CONL vs VYM
GraniteShares 2x Long COIN Daily ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | CONL | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.04% | 0.04% | |
| AUM | $523M | $79.0B | |
| Dividend Yield | 0.00% | 2.86% | |
| Holdings | 2 | 568 | |
| YTD Return | -72.59% | +15.80% | |
| 1Y Return | -86.95% | +26.12% | |
| 3Y Return (annualized) | -31.12% | +18.25% | |
| 5Y Return (annualized) | - | +12.51% | |
| Volatility (annualized) | 159.8% | 14.6% | |
| Max Drawdown | -95.4% | -58.8% | |
| Fund Family | GraniteShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 9, 2022 | Nov 10, 2006 |
CONL vs VYM Performance
GraniteShares 2x Long COIN Daily ETF (CONL) is a ETF from GraniteShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CONL returned -86.95% while VYM returned +26.12%. Year to date, CONL is down 72.59% versus a gain of 15.80% for VYM.
Over three years, CONL compounded at -31.12% per year against +18.25% for VYM. Across the full 4-year window we track, VYM has the edge at +7.07% annualized vs -32.43%. 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 14.6% for VYM. 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 -58.8% for VYM. 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CONL charges 1.04% per year while VYM charges 0.04%. On a $10,000 position that is $104 vs $4 annually, a gap of $100 per year that compounds over a long holding period. On income, CONL currently yields 0.00% against 2.86% for VYM.
Holdings Overlap
CONL and VYM share 0 holdings out of 559 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 VYM?
CONL has an expense ratio of 1.04% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $100 per year of difference.
Which performed better, CONL or VYM?
Over the past year CONL returned -86.95% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (4 years), CONL annualized -32.43% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, CONL or VYM?
CONL has been the more volatile fund at 159.8% annualized versus 14.6% for VYM. Worst drawdown: CONL -95.4% vs VYM -58.8%.
Should I hold both CONL and VYM?
CONL and VYM have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CONL and VYM?
CONL and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 559 unique securities.
Which pays a higher dividend, CONL or VYM?
CONL yields 0.00% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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