NOWL vs IRE
Comparison between GRANITESHARES 2X LONG NOW DAILY ETF (NOWL, ETF) and Daily Target 2X Long IREN (IREN Limited) ETF (IRE, ETF).
NOWL vs IRE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
NOWL
$222M
IRE
$221M
Max Drawdown
Winner
NOWL
86.64%
IRE
95.22%
Sharpe Ratio
NOWL
-0.51
Winner
IRE
0.06
5Y Beta
Winner
NOWL
1.25
IRE
8.10
NOWL vs IRE - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NOWL
+58.85%
IRE
+10.19%
3M
Winner
NOWL
+38.05%
IRE
-67.33%
6M
Winner
NOWL
+8.14%
IRE
-56.67%
1Y
Winner
NOWL
-67.68%
IRE
-84.57%
Max(CAGR)
Winner
NOWL
-69.59%
IRE
-89.10%
NOWL vs IRE - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | NOWL | IRE |
|---|---|---|
| 2026 | -49.71% | -64.11% |
| 2025 | -42.58% | -65.76% |
NOWL vs IRE 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 IRE was -95.22%, occurring on Jul 29, 2026. This drawdown has not yet recovered.
The current NOWL drawdown is -75.29%. The current IRE drawdown is -91.32%.
| Rank | NOWL | IRE |
|---|---|---|
| #1 | -86.64% Jul 24, 2025 - Jun 25, 2026 | -95.22% Nov 5, 2025 - Jul 29, 2026 |
| #2 | -1.96% Jul 16, 2025 - Jul 24, 2025 | -20.31% Oct 27, 2025 - Nov 3, 2025 |
| #3 | N/A | -13.78% Oct 21, 2025 - Oct 23, 2025 |
| #4 | N/A | -2.53% Nov 3, 2025 - Nov 5, 2025 |
Correlation
Correlation between NOWL and IRE is 0.82 which considered as a strong positive correlation - the stocks tend to move together.
0.82
-101
Select Stocks to Compare
Popular: NOWL vs SPYIRE vs SPY
More Comparisons
Compare with similar stocks