NOWL vs BSMQ

Comparison between GRANITESHARES 2X LONG NOW DAILY ETF (NOWL, ETF) and INVESCO BULLETSHARES 2026 MUNICIPAL BOND ETF (BSMQ, ETF).

NOWL vs BSMQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NOWL(ETF)	BSMQ(ETF)
Net Assets	$286M	$285M
Expense Ratio	N/A	0.18%
Max Drawdown	86.64%	13.32%
Sharpe Ratio	-1.12	-0.73
5Y Beta	1.29	0.02
5Y Dividends CAGR	N/A	14.04%

Net Assets

Winner

NOWL

$286M

BSMQ

$285M

Expense Ratio

NOWL

N/A

BSMQ

0.18%

Max Drawdown

NOWL

86.64%

Winner

BSMQ

13.32%

Sharpe Ratio

NOWL

-1.12

Winner

BSMQ

-0.73

5Y Beta

NOWL

1.29

Winner

BSMQ

0.02

5Y Dividends CAGR

NOWL

N/A

BSMQ

14.04%

NOWL vs BSMQ - Historical Returns

Returns include dividend reinvestment.

Period	NOWL	BSMQ
1 month	+15.90%	+0.12%
3 months	-14.39%	+0.42%
6 months	-51.50%	+0.79%
1 year	-81.90%	+2.83%
5 years(CAGR)	N/A	+0.28%
Max(CAGR)	-81.39%	+1.20%

Winner

NOWL

+15.90%

BSMQ

+0.12%

NOWL

-14.39%

Winner

BSMQ

+0.42%

NOWL

-51.50%

Winner

BSMQ

+0.79%

NOWL

-81.90%

Winner

BSMQ

+2.83%

5Y(CAGR)

NOWL

N/A

BSMQ

+0.28%

Max(CAGR)

NOWL

-81.39%

Winner

BSMQ

+1.20%

NOWL vs BSMQ - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	NOWL	BSMQ
2026	-65.77%	+1.12%
2025	-42.58%	+2.81%
2024	N/A	+2.05%
2023	N/A	+3.36%
2022	N/A	-7.56%
2021	N/A	+0.85%
2020	N/A	+5.15%
2019	N/A	+0.24%

NOWL vs BSMQ Drawdown Comparison

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

The maximum drawdown for BSMQ was -13.18%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.

The current NOWL drawdown is -83.18%. The current BSMQ drawdown is -0.05%.

Rank	NOWL	BSMQ
#1	-86.64% Jul 24, 2025 - Jun 25, 2026	-13.18% Mar 9, 2020 - Nov 19, 2020
#2	-1.96% Jul 16, 2025 - Jul 24, 2025	-11.50% Jul 19, 2021 - Dec 31, 2025
#3	N/A	-1.99% Feb 11, 2021 - Jun 8, 2021
#4	N/A	-0.87% Oct 21, 2019 - Dec 3, 2019
#5	N/A	-0.81% Jun 11, 2021 - Jul 19, 2021
#6	N/A	-0.37% Jan 31, 2020 - Feb 18, 2020
#7	N/A	-0.31% Jan 5, 2021 - Jan 25, 2021
#8	N/A	-0.25% Mar 5, 2026 - Apr 2, 2026
#9	N/A	-0.24% Mar 2, 2020 - Mar 9, 2020
#10	N/A	-0.24% May 13, 2026 - May 29, 2026
#11	N/A	-0.24% Apr 9, 2026 - May 13, 2026
#12	N/A	-0.23% Jan 26, 2026 - Feb 24, 2026
#13	N/A	-0.20% Dec 13, 2019 - Jan 2, 2020
#14	N/A	-0.17% Nov 30, 2020 - Dec 7, 2020
#15	N/A	-0.17% Jun 23, 2026 - Jul 9, 2026

Correlation

Correlation between NOWL and BSMQ is -0.94 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.94

-101