CONI vs FARX

Comparison between GRANITESHARES 2X SHORT COIN DAILY ETF (CONI, ETF) and FRONTIER ASSET ABSOLUTE RETURN ETF (FARX, ETF).

CONI vs FARX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CONI(ETF)	FARX(ETF)
Net Assets	$13M	$13M
Expense Ratio	N/A	0.95%
Max Drawdown	94.61%	6.15%
Sharpe Ratio	0.15	1.90
5Y Beta	-3.60	0.22

Net Assets

CONI

$13M

FARX

$13M

Expense Ratio

CONI

N/A

FARX

0.95%

Max Drawdown

CONI

94.61%

Winner

FARX

6.15%

Sharpe Ratio

CONI

0.15

Winner

FARX

1.90

5Y Beta

Winner

CONI

-3.60

FARX

0.22

CONI vs FARX - Historical Returns

Returns include dividend reinvestment.

Period	CONI	FARX
1 month	+33.99%	-0.77%
3 months	+6.05%	+2.20%
6 months	+15.19%	+9.40%
1 year	-49.72%	+18.07%
Max(CAGR)	-71.63%	+13.24%

Winner

CONI

+33.99%

FARX

-0.77%

Winner

CONI

+6.05%

FARX

+2.20%

Winner

CONI

+15.19%

FARX

+9.40%

CONI

-49.72%

Winner

FARX

+18.07%

Max(CAGR)

CONI

-71.63%

Winner

FARX

+13.24%

CONI vs FARX - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	CONI	FARX
2026	-10.70%	+7.78%
2025	-69.77%	+10.24%
2024	-53.68%	+0.35%

CONI vs FARX Drawdown Comparison

The maximum drawdown for CONI was -94.53%, occurring on Oct 8, 2025. This drawdown has not yet recovered.

The maximum drawdown for FARX was -5.83%, occurring on Apr 7, 2025. Recovery took 105 trading sessions.

The current CONI drawdown is -90.09%. The current FARX drawdown is -1.68%.

Rank	CONI	FARX
#1	-94.53% Sep 6, 2024 - Oct 8, 2025	-5.83% Feb 18, 2025 - Jul 21, 2025
#2	N/A	-2.80% Jan 29, 2026 - Feb 25, 2026
#3	N/A	-2.34% Mar 2, 2026 - Apr 1, 2026
#4	N/A	-2.31% Jul 23, 2025 - Sep 2, 2025
#5	N/A	-2.00% Nov 12, 2025 - Nov 28, 2025
#6	N/A	-2.00% May 12, 2026 - Jun 5, 2026
#7	N/A	-1.93% Oct 8, 2025 - Oct 16, 2025
#8	N/A	-1.36% Oct 20, 2025 - Nov 11, 2025
#9	N/A	-1.23% Dec 26, 2025 - Jan 6, 2026
#10	N/A	-0.95% Jan 23, 2025 - Jan 30, 2025
#11	N/A	-0.76% Dec 11, 2025 - Dec 19, 2025
#12	N/A	-0.67% Jan 6, 2026 - Jan 12, 2026
#13	N/A	-0.54% Dec 26, 2024 - Jan 2, 2025
#14	N/A	-0.52% Apr 30, 2026 - May 8, 2026
#15	N/A	-0.51% Jan 14, 2026 - Jan 21, 2026

Correlation

Correlation between CONI and FARX is -0.60 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.60

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