EOT vs NOWL

Comparison between Eaton Vance National Municipal Opportunities Trust (EOT, ETF) and GRANITESHARES 2X LONG NOW DAILY ETF (NOWL, ETF).

EOT vs NOWL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EOT(ETF)	NOWL(ETF)
Net Assets	$286M	$286M
Max Drawdown	40.61%	86.64%
Sharpe Ratio	0.90	-1.12
5Y Beta	0.15	1.29
5Y Dividends CAGR	2.93%	N/A

Net Assets

Winner

EOT

$286M

NOWL

$286M

Max Drawdown

Winner

EOT

40.61%

NOWL

86.64%

Sharpe Ratio

Winner

EOT

0.90

NOWL

-1.12

5Y Beta

Winner

EOT

0.15

NOWL

1.29

5Y Dividends CAGR

EOT

2.93%

NOWL

N/A

EOT vs NOWL - Historical Returns

Returns include dividend reinvestment.

Period	EOT	NOWL
1 month	-0.30%	+15.90%
3 months	+1.67%	-14.39%
6 months	+0.81%	-51.50%
1 year	+12.35%	-81.90%
5 years(CAGR)	-1.25%	N/A
10 years(CAGR)	+1.74%	N/A
Max(CAGR)	+4.25%	-81.39%

EOT

-0.30%

Winner

NOWL

+15.90%

Winner

EOT

+1.67%

NOWL

-14.39%

Winner

EOT

+0.81%

NOWL

-51.50%

Winner

EOT

+12.35%

NOWL

-81.90%

5Y(CAGR)

EOT

-1.25%

NOWL

N/A

10Y(CAGR)

EOT

+1.74%

NOWL

N/A

Max(CAGR)

Winner

EOT

+4.25%

NOWL

-81.39%

EOT vs NOWL - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	EOT	NOWL
2026	+4.67%	-65.77%
2025	+6.79%	-42.58%
2024	+1.12%	N/A
2023	+7.34%	N/A
2022	-22.68%	N/A
2021	+12.12%	N/A
2020	-2.72%	N/A
2019	+19.35%	N/A
2018	-12.34%	N/A
2017	+14.03%	N/A
2016	+2.25%	N/A
2015	+7.26%	N/A
2014	+19.53%	N/A
2013	-14.49%	N/A
2012	+11.58%	N/A
2011	+16.47%	N/A
2010	+5.94%	N/A
2009	-0.62%	N/A

EOT vs NOWL Drawdown Comparison

The maximum drawdown for EOT was -33.25%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

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

The current EOT drawdown is -11.01%. The current NOWL drawdown is -83.18%.

Rank	EOT	NOWL
#1	-33.25% Dec 13, 2021 - Oct 19, 2023	-86.64% Jul 24, 2025 - Jun 25, 2026
#2	-30.08% Jul 11, 2019 - May 27, 2021	-1.96% Jul 16, 2025 - Jul 24, 2025
#3	-26.49% Nov 23, 2012 - Nov 23, 2015	N/A
#4	-18.61% Nov 4, 2010 - Dec 2, 2011	N/A
#5	-17.50% Aug 13, 2018 - Apr 9, 2019	N/A
#6	-12.99% Dec 27, 2017 - Aug 13, 2018	N/A
#7	-11.00% Jun 19, 2009 - Oct 1, 2009	N/A
#8	-10.20% Sep 28, 2016 - Jun 16, 2017	N/A
#9	-7.81% Feb 27, 2012 - Apr 20, 2012	N/A
#10	-7.47% Jul 28, 2021 - Dec 13, 2021	N/A
#11	-7.40% Jul 26, 2012 - Sep 24, 2012	N/A
#12	-6.43% Oct 16, 2017 - Nov 28, 2017	N/A
#13	-5.63% May 28, 2021 - Jul 8, 2021	N/A
#14	-5.19% Oct 8, 2009 - Jan 8, 2010	N/A
#15	-4.95% Oct 15, 2012 - Nov 16, 2012	N/A

Correlation

Correlation between EOT and NOWL is -0.93 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.93

-101