NOWL vs COPP

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

NOWL vs COPP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

NOWL

$286M

Winner

COPP

$286M

Expense Ratio

NOWL

N/A

COPP

0.66%

Max Drawdown

NOWL

86.64%

Winner

COPP

45.63%

Sharpe Ratio

NOWL

-1.12

Winner

COPP

1.34

5Y Beta

Winner

NOWL

1.29

COPP

1.58

NOWL vs COPP - Historical Returns

Returns include dividend reinvestment.

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

Winner

NOWL

+15.90%

COPP

-6.84%

NOWL

-14.39%

Winner

COPP

-2.37%

NOWL

-51.50%

Winner

COPP

-3.13%

NOWL

-81.90%

Winner

COPP

+70.18%

Max(CAGR)

NOWL

-81.39%

Winner

COPP

+34.34%

NOWL vs COPP - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

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

NOWL vs COPP 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 COPP was -44.33%, occurring on Apr 8, 2025. Recovery took 340 trading sessions.

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

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

Correlation

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

-0.90

-101