Data as of .
COIX vs CONL: which held to its multiple?
Over the days both have traded, COIX finished 5.2 points from its stated multiple and CONL 5.7.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| COIX | CONL | COIX | CONL | COIX | CONL | |
| 1 month | +30.0% | +29.4% | +35.2% | +35.2% | −5.2 pts | −5.7 pts |
| 3 months | not published | +2.1% | not published | +19.4% | not published | −17.3 pts |
| 6 months | not published | −41.7% | not published | −20.7% | not published | −21.0 pts |
| 1 year | not published | −84.9% | not published | −91.8% | not published | +6.9 pts |
| 3 years | not published | −54.2% | not published | not meaningful | not published | not meaningful |
| Since launch | +26.3% | −74.7% | +39.8% | +199.8% | −13.5 pts | −274.5 pts |
| COIX Corgi COIN 2x Daily ETF Aims to return twice the daily move of Coinbase Global (COIN) | CONL GraniteShares 2x Long COIN Daily ETF Aims to return twice the daily move of Coinbase Global (COIN) | |
|---|---|---|
| Issuer | Corgi | GraniteShares |
| Sets out to return | +2x | +2x |
| On | COIN | COIN |
| Segment | company | company |
| Fund returned, 3 months | +30.0% | +2.1% |
| Underlying returned, 3 months | +17.6% | +9.7% |
| What the stated multiple implies, 3 months | +35.2% | +19.4% |
| Difference from stated, 3 months | −5.2 pts | −17.3 pts |
| Fund returned, 1 year or since launch | +26.3% | −84.9% |
| Difference from stated, over that window | −13.5 pts | +6.9 pts |
| Underlying volatility | 81% | 71% |
| Difference over the days both have traded | −5.2 pts | −5.7 pts |
| Expense ratio | 0.45% | 1.04% |
| Launched | Jun 30, 2026 | Aug 9, 2022 |
COIX in plain words
One month to Sep 11, 2026: COIX returned +30.0% where its own daily promise gave +31.3%, 1.3 points short. Read the multiple against the whole window instead and +2 times COIN's 17.6% implies +35.2%, which makes COIX look 5.2 points short. 3.9 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. COIX aims to return +2 times COIN's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. COIN moved at 81% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
CONL in plain words
Three months to Sep 11, 2026: CONL returned +2.1% where its own daily promise gave +6.7%, 4.6 points short. Read the multiple against the whole window instead and +2 times COIN's 9.7% implies +19.4%, which makes CONL look 17.3 points short. 12.7 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. CONL aims to return +2 times COIN's move each day, then resets. COIN moved at 71% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, COIX or CONL?
- Over the window to Sep 11, 2026, COIX finished 5.2 points from what its multiple implies and CONL finished 17.3 points from its own, so COIX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are COIX and CONL levered on the same thing?
- Yes. Both are levered on Coinbase Global, COIX at +2 times and CONL at +2 times the daily move.
- Which one decays faster, COIX or CONL?
- Decay follows how much the underlying moves about. Over this window COIX’s moved at 81% annualized and CONL’s at 71%, so COIX has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold COIX or CONL for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, COIX or CONL?
- COIX charges 0.45% a year and CONL charges 1.04%, so COIX is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, COIX against CONL, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/COIX-CONL Free to use with attribution; the underlying files are at Open data.