COIX vs CONL: which held to its multiple?
Over the days both have traded, COIX finished 18.0 points from its stated multiple and CONL 19.8. Corgi COIN 2x Daily ETF and GraniteShares 2x Long COIN Daily ETF.
COIX returned +16.1% while 2 times COIN's move would have been +34.1%
CONL returned +14.3% while 2 times COIN's move would have been +34.1%
A percentile among the 470 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →
Performance, window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | COIX | CONL | COIX | CONL | COIX | CONL |
| 1 month | −8.1% | −8.2% | −1.8% | −1.8% | −6.2 pts | −6.3 pts |
| 3 months | +16.1% | +14.3% | +34.1% | +34.1% | −18.0 pts | −19.8 pts |
| 6 months | not published | −16.6% | not published | +15.5% | not published | −32.1 pts |
| 1 year | not published | −84.7% | not published | −89.5% | not published | +4.9 pts |
| 3 years | not published | −43.7% | not published | not meaningful | not published | not meaningful |
| Since launch COIX Jun 2026 · CONL Aug 2022 | +37.1% | −72.7% | +55.0% | not meaningful | −17.9 pts | not meaningful |
COIX and CONL over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
COIX and CONL on the same fields, as of Sep 30, 2026. Source: ETFIQ.
COIX in plain words
Three months to Sep 30, 2026: COIX returned +16.1% where its own daily promise gave +19.5%, 3.4 points short. Read the multiple against the whole window instead and 2 times COIN's 17.1% implies +34.1%, which makes COIX look 18.0 points short. 14.6 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 75% 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 30, 2026: CONL returned +14.3% where its own daily promise gave +19.5%, 5.2 points short. Read the multiple against the whole window instead and 2 times COIN's 17.1% implies +34.1%, which makes CONL look 19.8 points short. CONL aims to return +2 times COIN's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, COIX or CONL?
- Over the window to Sep 30, 2026, COIX finished 18.0 points from what its multiple implies and CONL finished 19.8 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 75% annualized and CONL’s at 75%, 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.
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, COIX against CONL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/coix-vs-conl
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, COIX against CONL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/coix-vs-conl Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, COIX against CONL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/coix-vs-conl
- APA
- ETFIQ. (Sep 30, 2026). COIX against CONL. Retrieved from https://etfiq.com/compare/leverage/coix-vs-conl
- Markdown
- [COIX against CONL (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/coix-vs-conl)