GraniteShares 1x Short COIN Daily ETF (CONI) Performance
CONI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −57.6% since Dec 31, 2025
- 1 year
- −31.7% total return
- Since first price
- −94.3% since 2024
CONI trailing returns vs SPY, QQQ, AGG
| Period | CONI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +34.4% | +34.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −39.0% | −39.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −35.2% | −35.2% | +7.8% | +8.4% | −1.5% |
| YTD | −57.6% | −57.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −31.7% | −32.4% | +14.4% | +15.9% | −1.1% |
| Since inceptionSep 4, 2024 | −94.3% | −94.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CONI vs SPY
From Sep 4, 2024: CONI grew to $572, SPY to $14,155.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CONI returns by calendar year
0 of 1 full years positive. Best 2025 (−70.8%), worst 2025 (−70.8%). 2026 is year to date.
CONI annual returns table
| Year | CONI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −57.6% | −85.1% | +12.3% | +15.1% | −1.0% |
| 2025 | −70.8% | −90.9% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CONI largest drawdowns
Now 94.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 6, 2024 | −96.2% | Sep 22, 2026 | not yet | 2.0 years | 2.1 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CONI risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | −76.9% |
| Volatility (annualized) | 107.2% |
| Sharpe ratio | -0.74 |
| Sortino ratio | -0.93 |
| Best month | +49.1% |
| Worst month | −60.5% |
| Best 12 months | +37.6% |
| Worst 12 months | −91.6% |
| Positive months | 33% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CONI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 14 | −91.6% | −67.8% | +37.6% | 14% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
CONI performance overview
GraniteShares 1x Short COIN Daily ETF (CONI) returned −31.7% over the past year, with distributions reinvested. Since its first recorded price on Sep 4, 2024 it has returned −94.3%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −96.2%, from Sep 6, 2024 to Sep 22, 2026; the fund has not yet regained that high. Volatility has been 107.2% a year.
Related: CONI chart, CONI dividends. See the CONI overview for the latest quote and fund facts.
CONI performance FAQ
What is the CONI return over the past year?
CONI returned −31.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 32.4%.
How much would $10,000 invested in CONI be worth?
$10,000 invested in CONI at its first recorded close on September 4, 2024 would be worth about $572 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of CONI?
The largest peak-to-trough decline was −96.2% between September 6, 2024 and September 22, 2026. It has not yet recovered to that high; it is 94.8% below its peak.
How volatile is CONI?
Over the past history CONI had an annualized volatility of 107.2% and a Sharpe ratio of -0.74 (excess return over 1–3 month T-bills per unit of risk).