{"url":"https://etfiq.com/compare/leverage/conl-vs-conx","section":"compare","title":"CONL vs CONX: which held to its multiple? | ETFIQ","description":"CONL sets out to return +2 times COIN each day and CONX +2 times. Over the three months to Sep 30, 2026 they finished \u221219.8 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, CONL or CONX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, CONL finished 19.8 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 CONL and CONX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Coinbase Global, CONL at +2 times and CONX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, CONL or CONX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window CONL\u2019s moved at 75% annualized and CONX\u2019s at 75%, so CONL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold CONL 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, CONL or CONX?","acceptedAnswer":{"@type":"Answer","text":"CONL charges 1.04% 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":"CONL vs CONX","item":"https://etfiq.com/compare/leverage/conl-vs-conx"}]},{"@type":"WebPage","name":"CONL vs CONX: which held to its multiple?","description":"CONL sets out to return +2 times COIN each day and CONX +2 times. Over the three months to Sep 30, 2026 they finished \u221219.8 pts and \u221218.6 pts away.","url":"https://etfiq.com/compare/leverage/conl-vs-conx","dateModified":"2026-09-30","abstract":"Over the days both have traded, CONL finished 19.8 points from its stated multiple and CONX 18.6.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of CONL and CONX","description":"CONL sets out to return +2 times COIN each day and CONX +2 times. Over the three months to Sep 30, 2026 they finished \u221219.8 pts and \u221218.6 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/conl-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":6701,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / CONL vs CONX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n CONL vs CONX: which held to its multiple?\n\n Over the days both have traded, CONL finished 19.8 points from its stated multiple and CONX 18.6.\n Copy this for sharing \n \n GraniteShares 2x Long COIN Daily ETF and Direxion Daily COIN Bull 2X ETF.\n\n Download as PDF \n\n +14.3% CONL returned, 3 months \n +15.5% CONX returned, 3 months \n \u221219.8 pts CONL from its stated multiple \n \u221218.6 pts CONX from its stated multiple \n\n ETFIQ Decay Resistance Score: CONX scores higher\n Did it kee","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/conl-vs-conx","a":{"ticker":"CONL","name":"GraniteShares 2x Long COIN Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: CONL returned +14.3% where its own daily promise gave +19.5%, 5.2 points short.","url":"https://etfiq.com/funds/conl","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":"+14.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22125.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$549m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.04%","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/conl-vs-conx"}