CONL vs FAS
GraniteShares 2x Long COIN Daily ETF vs Direxion Daily Financial Bull 3X ETF
Which is better, CONL or FAS?
FAS has been ahead.
FAS has a lower expense ratio. FAS led over 1Y, 3Y and 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 | CONL | FAS |
|---|---|---|
| Expense Ratio | 1.04% | 0.89%Best |
| AUM | $600M | $2.1B |
| Dividend Yield | 0.00% | 10.41% |
| Holdings | 2 | 176 |
| YTD Return | -69.46% | -11.11%Best |
| 1Y Return | -86.98% | -4.59%Best |
| 3Y Return (annualized) | -21.64% | +40.50%Best |
| 5Y Return (annualized) | - | +5.72% |
| Volatility (annualized) | 158.9% | 52.3%Best |
| Max Drawdown | -95.4% | -45.2%Best |
| $10,000 over 4.2 years | $2,312 | $22,277Best |
| Fund Family | GraniteShares | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Leveraged Equity | Trading-Leveraged Equity |
| Inception | Aug 9, 2022 | Nov 6, 2008 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.2 years row, are measured over the window both funds cover: Aug 9, 2022 to Oct 14, 2026 (4.2 years).
CONL vs FAS 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 covers the 4.2 years both funds cover.
CONL vs FAS Performance
GraniteShares 2x Long COIN Daily ETF (CONL) is an ETF from GraniteShares and Direxion Daily Financial Bull 3X ETF (FAS) is an ETF from Direxion Shares ETF Trust. Over the past year CONL returned -86.98% while FAS returned -4.59%. Year to date, CONL is down 69.46% versus a loss of 11.11% for FAS.
Over three years, CONL compounded at -21.64% per year against +40.50% for FAS. Across the full 4-year window we track, FAS has the edge at +21.01% annualized vs -29.44%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CONL has been the more volatile fund, with annualized monthly volatility of 158.9% compared with 52.3% for FAS. 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 -45.2% for FAS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.44. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CONL charges 1.04% per year while FAS charges 0.89%. On a $10,000 position that is $104 vs $89 annually, a gap of $15 per year that compounds over a long holding period. On income, CONL currently yields 0.00% against 10.41% for FAS.
You are not choosing between two funds in isolation.
Whichever of CONL and FAS 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, CONL or FAS?
CONL has an expense ratio of 1.04% while FAS charges 0.89%. FAS is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, CONL or FAS?
Over the past year CONL returned -86.98% vs -4.59% for FAS, so FAS leads on 1-year performance. Over the longest common window we track (4 years), CONL annualized -29.44% vs +21.01% for FAS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CONL or FAS?
CONL has been the more volatile fund at 158.9% annualized versus 52.3% for FAS. Worst drawdown: CONL -95.4% vs FAS -45.2%.
Should I hold both CONL and FAS?
CONL and FAS have a monthly-return correlation of 0.44, 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, CONL or FAS?
CONL yields 0.00% while FAS yields 10.41%, so FAS currently pays the higher dividend yield.
Is FAS better than CONL?
FAS has a lower expense ratio. FAS led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.