BABX vs CONL
GraniteShares 2x Long BABA Daily ETF vs GraniteShares 2x Long COIN Daily ETF
Which is better, BABX or CONL?
Each has led over a different period.
CONL has a lower expense ratio. BABX led over 1Y and 3Y, CONL over 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 | BABX | CONL |
|---|---|---|
| Expense Ratio | 1.15% | 1.04%Best |
| AUM | $123M | $600M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 4 | 2 |
| YTD Return | -57.48%Best | -69.46% |
| 1Y Return | -62.87%Best | -86.98% |
| 3Y Return (annualized) | -2.66%Best | -21.64% |
| Volatility (annualized) | 94.0%Best | 162.0% |
| Max Drawdown | -78.8%Best | -95.4% |
| $10,000 over 3.8 years | $6,664 | $9,275Best |
| Fund Family | GraniteShares | GraniteShares |
| Category | Alternative | Alternative |
| Style | Trading-Leveraged Equity | Trading-Leveraged Equity |
| Inception | Dec 13, 2022 | Aug 9, 2022 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Dec 13, 2022 to Oct 14, 2026 (3.8 years).
BABX vs CONL 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
BABX vs CONL Performance
GraniteShares 2x Long BABA Daily ETF (BABX) is an ETF from GraniteShares and GraniteShares 2x Long COIN Daily ETF (CONL) is an ETF from GraniteShares. Over the past year BABX returned -62.87% while CONL returned -86.98%. Year to date, BABX is down 57.48% versus a loss of 69.46% for CONL.
Over three years, BABX compounded at -2.66% per year against -21.64% for CONL. Across the full 4-year window we track, CONL has the edge at -1.96% annualized vs -10.13%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CONL has been the more volatile fund, with annualized monthly volatility of 162.0% compared with 94.0% for BABX. 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 -78.8% for BABX and -95.4% for CONL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.03. They move largely independently of each other.
Fees and Cost Over Time
BABX charges 1.15% per year while CONL charges 1.04%. On a $10,000 position that is $115 vs $104 annually, a gap of $11 per year that compounds over a long holding period. On income, BABX currently yields 0.00% against 0.00% for CONL.
You are not choosing between two funds in isolation.
Whichever of BABX and CONL 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, BABX or CONL?
BABX has an expense ratio of 1.15% while CONL charges 1.04%. CONL is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, BABX or CONL?
Over the past year BABX returned -62.87% vs -86.98% for CONL, so BABX leads on 1-year performance. Over the longest common window we track (4 years), BABX annualized -10.13% vs -1.96% for CONL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BABX or CONL?
CONL has been the more volatile fund at 162.0% annualized versus 94.0% for BABX. Worst drawdown: BABX -78.8% vs CONL -95.4%.
Should I hold both BABX and CONL?
BABX and CONL have a monthly-return correlation of 0.03, 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, BABX or CONL?
BABX yields 0.00% while CONL yields 0.00%, so CONL currently pays the higher dividend yield.
Is CONL better than BABX?
CONL has a lower expense ratio. BABX led over 1Y and 3Y, CONL over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.