MEMA vs CONI

Comparison between Man Active Emerging Markets Alternative ETF (MEMA, ETF) and GRANITESHARES 2X SHORT COIN DAILY ETF (CONI, ETF).

MEMA vs CONI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MEMA(ETF)	CONI(ETF)
Net Assets	$13M	$13M
Expense Ratio	0.85%	N/A
Max Drawdown	13.12%	94.61%
Sharpe Ratio	1.76	0.21
5Y Beta	1.64	-3.60

Net Assets

MEMA

$13M

Winner

CONI

$13M

Expense Ratio

MEMA

0.85%

CONI

N/A

Max Drawdown

Winner

MEMA

13.12%

CONI

94.61%

Sharpe Ratio

Winner

MEMA

1.76

CONI

0.21

5Y Beta

MEMA

1.64

Winner

CONI

-3.60

MEMA vs CONI - Historical Returns

Returns include dividend reinvestment.

Period	MEMA	CONI
1 month	+1.03%	+48.62%
3 months	+16.86%	+1.27%
6 months	+26.20%	+11.95%
1 year	N/A	-54.71%
Max(CAGR)	+61.65%	-71.17%

MEMA

+1.03%

Winner

CONI

+48.62%

Winner

MEMA

+16.86%

CONI

+1.27%

Winner

MEMA

+26.20%

CONI

+11.95%

MEMA

N/A

CONI

-54.71%

Max(CAGR)

Winner

MEMA

+61.65%

CONI

-71.17%

MEMA vs CONI - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	MEMA	CONI
2026	+19.83%	-9.39%
2025	+2.94%	-69.77%
2024	N/A	-53.68%

MEMA vs CONI Drawdown Comparison

The maximum drawdown for MEMA was -13.12%, occurring on Mar 30, 2026. Recovery took 36 trading sessions.

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

The current MEMA drawdown is -4.31%. The current CONI drawdown is -89.94%.

Rank	MEMA	CONI
#1	-13.12% Feb 25, 2026 - Apr 17, 2026	-94.53% Sep 6, 2024 - Oct 8, 2025
#2	-8.97% Jun 2, 2026 - Jun 10, 2026	N/A
#3	-6.51% May 11, 2026 - May 27, 2026	N/A
#4	-3.53% Jan 28, 2026 - Feb 11, 2026	N/A
#5	-2.22% Apr 17, 2026 - Apr 24, 2026	N/A
#6	-1.47% Jan 15, 2026 - Jan 22, 2026	N/A
#7	-1.37% Apr 24, 2026 - Apr 30, 2026	N/A
#8	-1.01% Feb 20, 2026 - Feb 24, 2026	N/A
#9	-1.00% May 27, 2026 - Jun 1, 2026	N/A
#10	-0.99% May 6, 2026 - May 8, 2026	N/A
#11	-0.98% Feb 11, 2026 - Feb 20, 2026	N/A
#12	-0.82% Jan 6, 2026 - Jan 12, 2026	N/A
#13	-0.53% Jan 12, 2026 - Jan 15, 2026	N/A
#14	-0.51% May 1, 2026 - May 5, 2026	N/A
#15	-0.51% Dec 26, 2025 - Jan 2, 2026	N/A

Correlation

Correlation between MEMA and CONI is -0.64 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.64

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