GraniteShares ETF Trust GraniteShares 2x Long COIN Daily ETF (CONL) — Stock Correlations & Overview
Over the past year, CONL has moved most closely with COIA, COIN, COIG. Explore the stocks most correlated and inversely correlated with CONL below, along with its price, financials, and company profile.
Stocks correlated with CONL
Correlation of daily returns. Higher positive values move with CONL; negative values move opposite it. Informational only, not investment advice.
Most correlated with CONL
| Symbol | Company | Correlation |
|---|---|---|
| COIA | ProShares Ultra COIN | 1.00 |
| COIN | Coinbase Global, Inc. Class A Common StockFINANCE SERVICES | 1.00 |
| COIG | Leverage Shares 2X Long COIN Daily ETF | 1.00 |
| COIW | Roundhill COIN WeeklyPay ETF | 0.99 |
| CONY | YieldMax COIN Option Income Strategy ETF | 0.97 |
Most inversely correlated with CONL
| Symbol | Company | Correlation |
|---|---|---|
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.99 |
| FIAT | YieldMax Short COIN Option Income Strategy ETF | -0.95 |
| SBIT | ProShares UltraShort Bitcoin ETF | -0.79 |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | -0.79 |
| BITI | ProShares Short Bitcoin ETF | -0.78 |
Frequently asked questions about CONL correlations
- Which stocks are most correlated with CONL?
- Based on one year of daily returns, the stocks most correlated with GraniteShares ETF Trust GraniteShares 2x Long COIN Daily ETF (CONL) are COIA (1.00), COIN (1.00) and COIG (1.00). 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 CONL?
- Over the past year, the stocks most inversely correlated with GraniteShares ETF Trust GraniteShares 2x Long COIN Daily ETF (CONL) are CONI (-0.99), FIAT (-0.95) and SBIT (-0.79). 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 CONL correlations calculated?
- We compute the correlation of daily returns between CONL 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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