NOWL vs IVAL
Comparison between GRANITESHARES 2X LONG NOW DAILY ETF (NOWL, ETF) and ALPHA ARCHITECT INTERNATIONAL QUANTITATIVE VALUE ETF (IVAL, ETF).
NOWL vs IVAL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
NOWL
$222M
IVAL
$222M
Expense Ratio
NOWL
N/A
IVAL
0.38%
Max Drawdown
NOWL
86.64%
Winner
IVAL
49.20%
Sharpe Ratio
NOWL
-0.51
Winner
IVAL
1.46
5Y Beta
NOWL
1.25
Winner
IVAL
0.61
5Y Dividends CAGR
NOWL
N/A
IVAL
18.76%
NOWL vs IVAL - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NOWL
+36.97%
IVAL
+4.62%
3M
Winner
NOWL
+35.55%
IVAL
+5.85%
6M
NOWL
-3.12%
Winner
IVAL
+3.43%
1Y
NOWL
-67.19%
Winner
IVAL
+27.97%
5Y(CAGR)
NOWL
N/A
IVAL
+11.11%
10Y(CAGR)
NOWL
N/A
IVAL
+8.10%
Max(CAGR)
NOWL
-70.00%
Winner
IVAL
+6.81%
NOWL vs IVAL - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | NOWL | IVAL |
|---|---|---|
| 2026 | -50.62% | +19.06% |
| 2025 | -42.58% | +34.83% |
| 2024 | N/A | -0.14% |
| 2023 | N/A | +21.45% |
| 2022 | N/A | -10.65% |
| 2021 | N/A | -0.49% |
| 2020 | N/A | -5.86% |
| 2019 | N/A | +21.63% |
| 2018 | N/A | -23.13% |
| 2017 | N/A | +30.02% |
| 2016 | N/A | +10.36% |
| 2015 | N/A | -3.15% |
| 2014 | N/A | +0.36% |
NOWL vs IVAL 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 IVAL was -46.04%, occurring on Mar 23, 2020. Recovery took 1797 trading sessions.
The current NOWL drawdown is -75.74%. The current IVAL drawdown is -0.39%.
| Rank | NOWL | IVAL |
|---|---|---|
| #1 | -86.64% Jul 24, 2025 - Jun 25, 2026 | -46.04% Jan 24, 2018 - Mar 19, 2025 |
| #2 | -1.96% Jul 16, 2025 - Jul 24, 2025 | -25.82% May 18, 2015 - Feb 21, 2017 |
| #3 | N/A | -13.12% Mar 19, 2025 - Apr 28, 2025 |
| #4 | N/A | -11.24% Feb 27, 2026 - Jul 29, 2026 |
| #5 | N/A | -5.22% Oct 27, 2025 - Dec 4, 2025 |
| #6 | N/A | -4.62% Dec 26, 2014 - Feb 3, 2015 |
| #7 | N/A | -4.58% Nov 8, 2017 - Dec 21, 2017 |
| #8 | N/A | -4.28% Jul 23, 2025 - Aug 8, 2025 |
| #9 | N/A | -4.27% Sep 16, 2025 - Oct 27, 2025 |
| #10 | N/A | -3.35% Mar 23, 2015 - Apr 15, 2015 |
| #11 | N/A | -3.09% Feb 20, 2015 - Mar 23, 2015 |
| #12 | N/A | -2.64% Jun 2, 2017 - Jul 12, 2017 |
| #13 | N/A | -2.64% Jul 2, 2025 - Jul 23, 2025 |
| #14 | N/A | -2.62% Aug 1, 2017 - Aug 25, 2017 |
| #15 | N/A | -2.49% Jun 2, 2025 - Jun 27, 2025 |
Correlation
Correlation between NOWL and IVAL 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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