CONL vs FBL
GraniteShares 2x Long COIN Daily ETF vs GraniteShares 2x Long META Daily ETF
Which is better, CONL or FBL?
FBL has been ahead.
CONL has a lower expense ratio. FBL 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 | FBL |
|---|---|---|
| Expense Ratio | 1.04%Best | 1.09% |
| AUM | $600M | $191M |
| Dividend Yield | 0.00% | 2.12% |
| Holdings | 2 | 4 |
| YTD Return | -69.46% | +3.39%Best |
| 1Y Return | -86.98% | -17.03%Best |
| 3Y Return (annualized) | -21.64% | +34.23%Best |
| Volatility (annualized) | 162.0% | 67.9%Best |
| Max Drawdown | -95.4% | -63.2%Best |
| $10,000 over 3.8 years | $9,275 | $91,553Best |
| Fund Family | GraniteShares | GraniteShares |
| Category | Alternative | Alternative |
| Style | Trading-Leveraged Equity | Trading-Leveraged Equity |
| Inception | Aug 9, 2022 | Dec 13, 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).
CONL vs FBL 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 3.8 years both funds cover.
CONL vs FBL Performance
GraniteShares 2x Long COIN Daily ETF (CONL) is an ETF from GraniteShares and GraniteShares 2x Long META Daily ETF (FBL) is an ETF from GraniteShares. Over the past year CONL returned -86.98% while FBL returned -17.03%. Year to date, CONL is down 69.46% versus a gain of 3.39% for FBL.
Over three years, CONL compounded at -21.64% per year against +34.23% for FBL. Across the full 4-year window we track, FBL has the edge at +79.09% annualized vs -1.96%.
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 67.9% for FBL. 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 -63.2% for FBL. 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 FBL charges 1.09%. On a $10,000 position that is $104 vs $109 annually, a gap of $5 per year that compounds over a long holding period. On income, CONL currently yields 0.00% against 2.12% for FBL.
You are not choosing between two funds in isolation.
Whichever of CONL and FBL 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 FBL?
CONL has an expense ratio of 1.04% while FBL charges 1.09%. CONL is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, CONL or FBL?
Over the past year CONL returned -86.98% vs -17.03% for FBL, so FBL leads on 1-year performance. Over the longest common window we track (4 years), CONL annualized -1.96% vs +79.09% for FBL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CONL or FBL?
CONL has been the more volatile fund at 162.0% annualized versus 67.9% for FBL. Worst drawdown: CONL -95.4% vs FBL -63.2%.
Should I hold both CONL and FBL?
CONL and FBL 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 FBL?
CONL yields 0.00% while FBL yields 2.12%, so FBL currently pays the higher dividend yield.
Is FBL better than CONL?
CONL has a lower expense ratio. FBL 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.