{"url":"https://etfiq.com/compare/leverage/coni-vs-conx","section":"compare","title":"CONI vs CONX: which held to its multiple? | ETFIQ","description":"CONI sets out to return -2 times COIN each day and CONX +2 times. Over the three months to Sep 30, 2026 they finished \u221219.6 pts and \u221218.6 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, CONI or CONX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, CONI finished 19.6 points from what its multiple implies and CONX finished 18.6 points from its own, so CONX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are CONI and CONX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Coinbase Global, CONI at -2 times and CONX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, CONI or CONX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window CONI\u2019s moved at 75% annualized and CONX\u2019s at 75%, so CONI has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold CONI or CONX for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, CONI or CONX?","acceptedAnswer":{"@type":"Answer","text":"CONI charges 1.15% a year and CONX charges 0.97%, so CONX is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"CONI vs CONX","item":"https://etfiq.com/compare/leverage/coni-vs-conx"}]},{"@type":"WebPage","name":"CONI vs CONX: which held to its multiple?","description":"CONI sets out to return -2 times COIN each day and CONX +2 times. Over the three months to Sep 30, 2026 they finished \u221219.6 pts and \u221218.6 pts away.","url":"https://etfiq.com/compare/leverage/coni-vs-conx","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, CONI finished 0.9 points short and CONX 4.0 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of CONI and CONX","description":"CONI sets out to return -2 times COIN each day and CONX +2 times. Over the three months to Sep 30, 2026 they finished \u221219.6 pts and \u221218.6 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/coni-vs-conx","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7197,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / CONI vs CONX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n CONI vs CONX: which held to its multiple?\n\n Over three months against its own daily promise, CONI finished 0.9 points short and CONX 4.0 points short.\n Copy this for sharing \n \n GraniteShares 2x Short COIN Daily ETF and Direxion Daily COIN Bull 2X ETF.\n\n Download as PDF \n\n \u221253.7% CONI returned, 3 months \n +15.5% CONX returned, 3 months \n \u221219.6 pts CONI from its stated multiple \n \u221218.6 pts CONX from its stated multiple \n\n ETFIQ Decay Resistance Score: CONX scores higher\n ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/coni-vs-conx","a":{"ticker":"CONI","name":"GraniteShares 2x Short COIN Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: CONI returned \u221253.7% where its own daily promise gave \u221252.8%, 0.9 points short.","url":"https://etfiq.com/funds/coni","key_facts":[{"label":"What COIN did","value":"+17.1%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221252.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221253.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$13m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.15%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 24, 2025"}]},"b":{"ticker":"CONX","name":"Direxion Daily COIN Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: CONX returned +15.5% where its own daily promise gave +19.5%, 4.0 points short.","url":"https://etfiq.com/funds/conx","key_facts":[{"label":"What COIN did","value":"+17.1%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+19.5%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+15.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22124.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$6m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.97%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/coni-vs-conx"}