NOWL vs EOT
Comparison between GRANITESHARES 2X LONG NOW DAILY ETF (NOWL, ETF) and Eaton Vance National Municipal Opportunities Trust (EOT, ETF).
NOWL vs EOT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NOWL
$286M
Winner
EOT
$286M
Max Drawdown
NOWL
86.64%
Winner
EOT
40.61%
Sharpe Ratio
NOWL
-1.12
Winner
EOT
0.90
5Y Beta
NOWL
1.29
Winner
EOT
0.15
5Y Dividends CAGR
NOWL
N/A
EOT
2.93%
NOWL vs EOT - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NOWL
+15.90%
EOT
-0.30%
3M
NOWL
-14.39%
Winner
EOT
+1.67%
6M
NOWL
-51.50%
Winner
EOT
+0.81%
1Y
NOWL
-81.90%
Winner
EOT
+12.35%
5Y(CAGR)
NOWL
N/A
EOT
-1.25%
10Y(CAGR)
NOWL
N/A
EOT
+1.74%
Max(CAGR)
NOWL
-81.39%
Winner
EOT
+4.25%
NOWL vs EOT - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | NOWL | EOT |
|---|---|---|
| 2026 | -65.77% | +4.67% |
| 2025 | -42.58% | +6.79% |
| 2024 | N/A | +1.12% |
| 2023 | N/A | +7.34% |
| 2022 | N/A | -22.68% |
| 2021 | N/A | +12.12% |
| 2020 | N/A | -2.72% |
| 2019 | N/A | +19.35% |
| 2018 | N/A | -12.34% |
| 2017 | N/A | +14.03% |
| 2016 | N/A | +2.25% |
| 2015 | N/A | +7.26% |
| 2014 | N/A | +19.53% |
| 2013 | N/A | -14.49% |
| 2012 | N/A | +11.58% |
| 2011 | N/A | +16.47% |
| 2010 | N/A | +5.94% |
| 2009 | N/A | -0.62% |
NOWL vs EOT 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 EOT was -33.25%, occurring on Oct 19, 2023. This drawdown has not yet recovered.
The current NOWL drawdown is -83.18%. The current EOT drawdown is -11.01%.
| Rank | NOWL | EOT |
|---|---|---|
| #1 | -86.64% Jul 24, 2025 - Jun 25, 2026 | -33.25% Dec 13, 2021 - Oct 19, 2023 |
| #2 | -1.96% Jul 16, 2025 - Jul 24, 2025 | -30.08% Jul 11, 2019 - May 27, 2021 |
| #3 | N/A | -26.49% Nov 23, 2012 - Nov 23, 2015 |
| #4 | N/A | -18.61% Nov 4, 2010 - Dec 2, 2011 |
| #5 | N/A | -17.50% Aug 13, 2018 - Apr 9, 2019 |
| #6 | N/A | -12.99% Dec 27, 2017 - Aug 13, 2018 |
| #7 | N/A | -11.00% Jun 19, 2009 - Oct 1, 2009 |
| #8 | N/A | -10.20% Sep 28, 2016 - Jun 16, 2017 |
| #9 | N/A | -7.81% Feb 27, 2012 - Apr 20, 2012 |
| #10 | N/A | -7.47% Jul 28, 2021 - Dec 13, 2021 |
| #11 | N/A | -7.40% Jul 26, 2012 - Sep 24, 2012 |
| #12 | N/A | -6.43% Oct 16, 2017 - Nov 28, 2017 |
| #13 | N/A | -5.63% May 28, 2021 - Jul 8, 2021 |
| #14 | N/A | -5.19% Oct 8, 2009 - Jan 8, 2010 |
| #15 | N/A | -4.95% Oct 15, 2012 - Nov 16, 2012 |
Correlation
Correlation between NOWL and EOT is -0.93 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.
-0.93
-101
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