GraniteShares 2x Long COIN Daily ETF vs Materials Select Sector SPDR Fund — how do they compare? GraniteShares 2x Long COIN Daily ETF trades at $4.19, while Materials Select Sector SPDR Fund trades at $53.18. The key difference: Materials Select Sector SPDR Fund is trading nearer its 52-week high, GraniteShares 2x Long COIN Daily ETF nearer its low. Which is the better fit depends on your goals.
| CONL | XLB | |
|---|---|---|
Sector | Leveraged / Inverse | — |
52-Week High | $48.70 | $53.62 |
52-Week Low | $3.93 | $42.23 |
Trailing returns across standard periods
CONL is a leveraged ETF that seeks to provide two times (2x) the daily performance of Coinbase Global (COIN) stock. It is designed for investors seeking magnified short-term exposure to the price movements of Coinbase.
Read more on CONL →In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes securities of companies from the following industries: chemicals; metals and mining; paper and forest products; containers and packaging; and construction materials. The fund is non-diversified.
Read more on XLB →