GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF (CONI) — Stock Correlations & Overview
Over the past year, CONI has moved most closely with FIAT, SBIT, BTCZ. Explore the stocks most correlated and inversely correlated with CONI below, along with its price, financials, and company profile.
Stocks correlated with CONI
Correlation of daily returns. Higher positive values move with CONI; negative values move opposite it. Informational only, not investment advice.
Most correlated with CONI
| Symbol | Company | Correlation |
|---|---|---|
| FIAT | YieldMax Short COIN Option Income Strategy ETF | 0.96 |
| SBIT | ProShares UltraShort Bitcoin ETF | 0.78 |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | 0.78 |
| MSTZ | T-Rex 2X Inverse MSTR Daily Target ETF | 0.78 |
| SMST | Tidal Trust II Defiance Daily Target 2x Short MSTR ETF | 0.78 |
Most inversely correlated with CONI
| Symbol | Company | Correlation |
|---|---|---|
| COIN | Coinbase Global, Inc. Class A Common StockFINANCE SERVICES | -0.99 |
| CONL | GraniteShares ETF Trust GraniteShares 2x Long COIN Daily ETF | -0.99 |
| COIA | ProShares Ultra COIN | -0.99 |
| COIG | Leverage Shares 2X Long COIN Daily ETF | -0.99 |
| COIW | Roundhill COIN WeeklyPay ETF | -0.99 |
Frequently asked questions about CONI correlations
- Which stocks are most correlated with CONI?
- Based on one year of daily returns, the stocks most correlated with GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF (CONI) are FIAT (0.96), SBIT (0.78) and BTCZ (0.78). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with CONI?
- Over the past year, the stocks most inversely correlated with GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF (CONI) are COIN (-0.99), CONL (-0.99) and COIA (-0.99). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these CONI correlations calculated?
- We compute the correlation of daily returns between CONI and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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