IVAL vs NOWL
Comparison between ALPHA ARCHITECT INTERNATIONAL QUANTITATIVE VALUE ETF (IVAL, ETF) and GRANITESHARES 2X LONG NOW DAILY ETF (NOWL, ETF).
IVAL vs NOWL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IVAL
$222M
Winner
NOWL
$222M
Expense Ratio
IVAL
0.38%
NOWL
N/A
Max Drawdown
Winner
IVAL
49.20%
NOWL
86.64%
Sharpe Ratio
Winner
IVAL
1.46
NOWL
-0.51
5Y Beta
Winner
IVAL
0.61
NOWL
1.25
5Y Dividends CAGR
IVAL
18.76%
NOWL
N/A
IVAL vs NOWL - Historical Returns
Returns include dividend reinvestment.
1M
IVAL
+4.62%
Winner
NOWL
+36.97%
3M
IVAL
+5.85%
Winner
NOWL
+35.55%
6M
Winner
IVAL
+3.43%
NOWL
-3.12%
1Y
Winner
IVAL
+27.97%
NOWL
-67.19%
5Y(CAGR)
IVAL
+11.11%
NOWL
N/A
10Y(CAGR)
IVAL
+8.10%
NOWL
N/A
Max(CAGR)
Winner
IVAL
+6.81%
NOWL
-70.00%
IVAL vs NOWL - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | IVAL | NOWL |
|---|---|---|
| 2026 | +19.06% | -50.62% |
| 2025 | +34.83% | -42.58% |
| 2024 | -0.14% | N/A |
| 2023 | +21.45% | N/A |
| 2022 | -10.65% | N/A |
| 2021 | -0.49% | N/A |
| 2020 | -5.86% | N/A |
| 2019 | +21.63% | N/A |
| 2018 | -23.13% | N/A |
| 2017 | +30.02% | N/A |
| 2016 | +10.36% | N/A |
| 2015 | -3.15% | N/A |
| 2014 | +0.36% | N/A |
IVAL vs NOWL Drawdown Comparison
The maximum drawdown for IVAL was -46.04%, occurring on Mar 23, 2020. Recovery took 1797 trading sessions.
The maximum drawdown for NOWL was -86.64%, occurring on Jun 25, 2026. This drawdown has not yet recovered.
The current IVAL drawdown is -0.39%. The current NOWL drawdown is -75.74%.
| Rank | IVAL | NOWL |
|---|---|---|
| #1 | -46.04% Jan 24, 2018 - Mar 19, 2025 | -86.64% Jul 24, 2025 - Jun 25, 2026 |
| #2 | -25.82% May 18, 2015 - Feb 21, 2017 | -1.96% Jul 16, 2025 - Jul 24, 2025 |
| #3 | -13.12% Mar 19, 2025 - Apr 28, 2025 | N/A |
| #4 | -11.24% Feb 27, 2026 - Jul 29, 2026 | N/A |
| #5 | -5.22% Oct 27, 2025 - Dec 4, 2025 | N/A |
| #6 | -4.62% Dec 26, 2014 - Feb 3, 2015 | N/A |
| #7 | -4.58% Nov 8, 2017 - Dec 21, 2017 | N/A |
| #8 | -4.28% Jul 23, 2025 - Aug 8, 2025 | N/A |
| #9 | -4.27% Sep 16, 2025 - Oct 27, 2025 | N/A |
| #10 | -3.35% Mar 23, 2015 - Apr 15, 2015 | N/A |
| #11 | -3.09% Feb 20, 2015 - Mar 23, 2015 | N/A |
| #12 | -2.64% Jun 2, 2017 - Jul 12, 2017 | N/A |
| #13 | -2.64% Jul 2, 2025 - Jul 23, 2025 | N/A |
| #14 | -2.62% Aug 1, 2017 - Aug 25, 2017 | N/A |
| #15 | -2.49% Jun 2, 2025 - Jun 27, 2025 | N/A |
Correlation
Correlation between IVAL and NOWL is -0.92 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.
-0.92
-101
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