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ETFs

GraniteShares ETF Trust GraniteShares 1.5x COIN Daily ETF

CONL
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Aug 09 2022
Expense Ratio
1.15%
Type
US Equities
Fund Owner
GraniteShares
Volume (1m avg. daily)
$2,595,495
AUM
$7,620,570
Associated Index
None
Inverse/Leveraged
Leveraged (1.5x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
US Dollars
4.54%
Invest with CONL

What is CONL?

The Fund seeks daily investment results, before fees and expenses, of 1.5 times (150%) the daily percentage change of the common stock of Coinbase Global Inc, (NASDAQ: COIN). Coinbase Global, Inc. (COIN) is a financial technology company that provides end-to-end financial infrastructure and technology for the crypto economy. The Company offers retail users the primary financial account for the crypto economy, institutions a marketplace with a liquidity for transacting in crypto assets, and ecosystem partners technology and services that enable them to build crypto-based applications and accept crypto assets as payment.

ETFs related toCONL

ETFs correlated to CONL include CONY, FDIG, BKCH

CONL
GraniteShares ETF Trust - GraniteShares 1.5x Long Coinbase Daily ETF
CONY
Tidal Trust II - YieldMax COIN Option Income Strategy ETF
FDIG
Fidelity Covington Trust - Fidelity Crypto Industry and Digital Payments ETF
BKCH
Global X Funds - Global X Blockchain ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
WGMI
Valkyrie ETF Trust II - Valkyrie Bitcoin Miners ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
FINX
Global X Funds - Global X Funds Global X FinTech ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toCONL

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with CONL using Composer

FAQ

CONL is a US Equities ETF. The Fund seeks daily investment results, before fees and expenses, of 1.5 times (150%) the daily percentage change of the common stock of Coinbase Global Inc, (NASDAQ: COIN). Coinbase Global, Inc. (COIN) is a financial technology company that provides end-to-end financial infrastructure and technology for the crypto economy. The Company offers retail users the primary financial account for the crypto economy, institutions a marketplace with a liquidity for transacting in crypto assets, and ecosystem partners technology and services that enable them to build crypto-based applications and accept crypto assets as payment.

Yes, CONL is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, CONL is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CONL is -0.0619%. This is the percent change in the value of CONL over the most recent 1-month period. The 3-month return on CONL is 0.152%. This is the percent change in the value of CONL over the most recent 3-month period.

The standard deviation of CONL for the past year is 1.4653%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CONL include SSO, SPXL, and SDS.

ETFs correlated to CONL include CONY, FDIG, and BKCH.

ETFs that are inversely correlated to CONL include SARK, HDGE, and BTAL.

Yes, CONL is a Leveraged (1.5x) ETF.

Yes, CONL is a Leveraged (1.5x) leveraged ETF.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.