COPP vs NOWL

Comparison between Sprott Copper Miners ETF (COPP, ETF) and GRANITESHARES 2X LONG NOW DAILY ETF (NOWL, ETF).

COPP vs NOWL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	COPP(ETF)	NOWL(ETF)
Net Assets	$286M	$286M
Expense Ratio	0.66%	N/A
Max Drawdown	45.63%	86.64%
Sharpe Ratio	1.34	-1.12
5Y Beta	1.58	1.29

Net Assets

Winner

COPP

$286M

NOWL

$286M

Expense Ratio

COPP

0.66%

NOWL

N/A

Max Drawdown

Winner

COPP

45.63%

NOWL

86.64%

Sharpe Ratio

Winner

COPP

1.34

NOWL

-1.12

5Y Beta

COPP

1.58

Winner

NOWL

1.29

COPP vs NOWL - Historical Returns

Returns include dividend reinvestment.

Period	COPP	NOWL
1 month	-6.84%	+15.90%
3 months	-2.37%	-14.39%
6 months	-3.13%	-51.50%
1 year	+70.18%	-81.90%
Max(CAGR)	+34.34%	-81.39%

COPP

-6.84%

Winner

NOWL

+15.90%

Winner

COPP

-2.37%

NOWL

-14.39%

Winner

COPP

-3.13%

NOWL

-51.50%

Winner

COPP

+70.18%

NOWL

-81.90%

Max(CAGR)

Winner

COPP

+34.34%

NOWL

-81.39%

COPP vs NOWL - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	COPP	NOWL
2026	+9.39%	-65.77%
2025	+73.14%	-42.58%
2024	+4.24%	N/A

COPP vs NOWL Drawdown Comparison

The maximum drawdown for COPP was -44.33%, occurring on Apr 8, 2025. Recovery took 340 trading sessions.

The maximum drawdown for NOWL was -86.64%, occurring on Jun 25, 2026. This drawdown has not yet recovered.

The current COPP drawdown is -15.36%. The current NOWL drawdown is -83.18%.

Rank	COPP	NOWL
#1	-44.33% May 20, 2024 - Sep 29, 2025	-86.64% Jul 24, 2025 - Jun 25, 2026
#2	-28.91% Feb 25, 2026 - Jun 2, 2026	-1.96% Jul 16, 2025 - Jul 24, 2025
#3	-21.58% Jun 2, 2026 - Jul 8, 2026	N/A
#4	-12.27% Jan 29, 2026 - Feb 25, 2026	N/A
#5	-10.25% Oct 8, 2025 - Nov 28, 2025	N/A
#6	-5.84% Apr 29, 2024 - May 13, 2024	N/A
#7	-4.92% Apr 9, 2024 - Apr 26, 2024	N/A
#8	-3.91% Jan 6, 2026 - Jan 12, 2026	N/A
#9	-3.20% Dec 26, 2025 - Jan 5, 2026	N/A
#10	-3.19% Mar 20, 2024 - Mar 28, 2024	N/A
#11	-2.63% Jan 21, 2026 - Jan 23, 2026	N/A
#12	-2.49% Mar 15, 2024 - Mar 20, 2024	N/A
#13	-2.10% Jan 14, 2026 - Jan 21, 2026	N/A
#14	-1.54% Dec 11, 2025 - Dec 18, 2025	N/A
#15	-1.25% May 14, 2024 - May 17, 2024	N/A

Correlation

Correlation between COPP and NOWL is -0.90 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.90

-101