NOWL vs SLNZ

Comparison between GRANITESHARES 2X LONG NOW DAILY ETF (NOWL, ETF) and TCW Senior Loan ETF (SLNZ, ETF).

NOWL vs SLNZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NOWL(ETF)	SLNZ(ETF)
Net Assets	$222M	$223M
Expense Ratio	N/A	0.65%
Max Drawdown	86.64%	6.03%
Sharpe Ratio	-0.51	0.24
5Y Beta	1.25	0.04

Net Assets

NOWL

$222M

Winner

SLNZ

$223M

Expense Ratio

NOWL

N/A

SLNZ

0.65%

Max Drawdown

NOWL

86.64%

Winner

SLNZ

6.03%

Sharpe Ratio

NOWL

-0.51

Winner

SLNZ

0.24

5Y Beta

NOWL

1.25

Winner

SLNZ

0.04

NOWL vs SLNZ - Historical Returns

Returns include dividend reinvestment.

Period	NOWL	SLNZ
1 month	+58.85%	+0.43%
3 months	+38.05%	+1.64%
6 months	+8.14%	+4.32%
1 year	-67.68%	+4.98%
Max(CAGR)	-69.59%	+5.17%

Winner

NOWL

+58.85%

SLNZ

+0.43%

Winner

NOWL

+38.05%

SLNZ

+1.64%

Winner

NOWL

+8.14%

SLNZ

+4.32%

NOWL

-67.68%

Winner

SLNZ

+4.98%

Max(CAGR)

NOWL

-69.59%

Winner

SLNZ

+5.17%

NOWL vs SLNZ - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	NOWL	SLNZ
2026	-49.71%	+2.94%
2025	-42.58%	+5.22%
2024	N/A	+0.87%

NOWL vs SLNZ 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 SLNZ was -2.57%, occurring on Mar 10, 2026. Recovery took 88 trading sessions.

The current NOWL drawdown is -75.29%. The current SLNZ drawdown is -0.12%.

Rank	NOWL	SLNZ
#1	-86.64% Jul 24, 2025 - Jun 25, 2026	-2.57% Dec 29, 2025 - May 6, 2026
#2	-1.96% Jul 16, 2025 - Jul 24, 2025	-2.00% Apr 1, 2025 - May 13, 2025
#3	N/A	-1.09% May 15, 2026 - May 21, 2026
#4	N/A	-1.01% Oct 15, 2025 - Nov 3, 2025
#5	N/A	-0.57% May 21, 2025 - Jul 1, 2025
#6	N/A	-0.56% Mar 21, 2025 - Apr 1, 2025
#7	N/A	-0.55% Jul 3, 2025 - Jul 22, 2025
#8	N/A	-0.55% Mar 12, 2025 - Mar 21, 2025
#9	N/A	-0.52% Sep 26, 2025 - Oct 15, 2025
#10	N/A	-0.46% Nov 25, 2024 - Dec 2, 2024
#11	N/A	-0.46% Jun 11, 2026 - Jun 16, 2026
#12	N/A	-0.42% May 15, 2025 - May 21, 2025
#13	N/A	-0.40% Nov 7, 2025 - Nov 11, 2025
#14	N/A	-0.40% Jun 22, 2026 - Jul 2, 2026
#15	N/A	-0.40% Nov 20, 2024 - Nov 25, 2024

Correlation

Correlation between NOWL and SLNZ is -0.63 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.63

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