CONL Down 67% YTD, Coinbase Down 33%, Highlighting Leverage Volatility

Key facts

• CONL has experienced a 67% year-to-date loss.
• Coinbase has declined 33% year-to-date.
• The performance highlights the volatility tax in daily-reset leverage.

CONL has experienced a significant 67% loss year-to-date. In comparison, Coinbase has seen a 33% decline over the same period. This stark difference in performance serves to expose the inherent volatility tax associated with products that employ daily-reset leverage.