NOWL vs SPRE
Comparison between GRANITESHARES 2X LONG NOW DAILY ETF (NOWL, ETF) and SP FUNDS S&P GLOBAL REIT SHARIA ETF (SPRE, ETF).
NOWL vs SPRE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
NOWL
$222M
SPRE
$221M
Expense Ratio
NOWL
N/A
SPRE
0.50%
Max Drawdown
NOWL
86.64%
Winner
SPRE
42.60%
Sharpe Ratio
NOWL
-0.51
Winner
SPRE
0.79
5Y Beta
NOWL
1.25
Winner
SPRE
0.52
P/E Ratio
NOWL
N/A
SPRE
34.66
Forward P/E
NOWL
N/A
SPRE
47.74
PEG Ratio
NOWL
N/A
SPRE
0.11
5Y Dividends CAGR
NOWL
N/A
SPRE
12.27%
5Y EPS CAGR
NOWL
N/A
SPRE
16.16%
Debt to Equity
NOWL
N/A
SPRE
55.44%
P/S Ratio
NOWL
N/A
SPRE
8.66
P/B Ratio
NOWL
N/A
SPRE
3.04
NOWL vs SPRE - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NOWL
+58.85%
SPRE
-1.37%
3M
Winner
NOWL
+38.05%
SPRE
+2.06%
6M
Winner
NOWL
+8.14%
SPRE
+4.36%
1Y
NOWL
-67.68%
Winner
SPRE
+14.82%
5Y(CAGR)
NOWL
N/A
SPRE
+1.30%
Max(CAGR)
NOWL
-69.59%
Winner
SPRE
+5.12%
NOWL vs SPRE - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | NOWL | SPRE |
|---|---|---|
| 2026 | -49.71% | +11.51% |
| 2025 | -42.58% | +3.80% |
| 2024 | N/A | +1.23% |
| 2023 | N/A | +9.40% |
| 2022 | N/A | -28.07% |
| 2021 | N/A | +48.45% |
| 2020 | N/A | +0.73% |
NOWL vs SPRE 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 SPRE was -38.33%, occurring on Oct 27, 2023. This drawdown has not yet recovered.
The current NOWL drawdown is -75.29%. The current SPRE drawdown is -9.08%.
| Rank | NOWL | SPRE |
|---|---|---|
| #1 | -86.64% Jul 24, 2025 - Jun 25, 2026 | -38.33% Dec 31, 2021 - Oct 27, 2023 |
| #2 | -1.96% Jul 16, 2025 - Jul 24, 2025 | -8.62% Sep 3, 2021 - Oct 28, 2021 |
| #3 | N/A | -7.09% Feb 8, 2021 - Mar 16, 2021 |
| #4 | N/A | -3.31% Dec 31, 2020 - Jan 20, 2021 |
| #5 | N/A | -3.17% Apr 30, 2021 - May 24, 2021 |
| #6 | N/A | -2.70% Nov 24, 2021 - Dec 7, 2021 |
| #7 | N/A | -2.44% Mar 16, 2021 - Mar 26, 2021 |
| #8 | N/A | -2.23% Jun 10, 2021 - Jul 7, 2021 |
| #9 | N/A | -2.22% Jan 26, 2021 - Feb 2, 2021 |
| #10 | N/A | -2.20% Jul 27, 2021 - Aug 20, 2021 |
| #11 | N/A | -1.76% Aug 20, 2021 - Aug 30, 2021 |
| #12 | N/A | -1.55% Oct 28, 2021 - Nov 17, 2021 |
| #13 | N/A | -1.22% Jul 12, 2021 - Jul 20, 2021 |
| #14 | N/A | -1.20% Dec 13, 2021 - Dec 15, 2021 |
| #15 | N/A | -1.15% Dec 8, 2021 - Dec 13, 2021 |
Correlation
Correlation between NOWL and SPRE is -0.86 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.86
-101
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