NOWL vs SPTB
Comparison between GRANITESHARES 2X LONG NOW DAILY ETF (NOWL, ETF) and STATE STREET(R) SPDR(R) PORTFOLIO TREASURY ETF (SPTB, ETF).
NOWL vs SPTB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
NOWL
$286M
SPTB
$286M
Expense Ratio
NOWL
N/A
SPTB
0.03%
Max Drawdown
NOWL
86.64%
Winner
SPTB
6.32%
Sharpe Ratio
NOWL
-1.12
Winner
SPTB
-0.26
5Y Beta
NOWL
1.29
Winner
SPTB
-0.01
NOWL vs SPTB - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NOWL
+15.90%
SPTB
-0.40%
3M
NOWL
-14.39%
Winner
SPTB
-0.75%
6M
NOWL
-51.50%
Winner
SPTB
-0.24%
1Y
NOWL
-81.90%
Winner
SPTB
+2.43%
Max(CAGR)
NOWL
-81.39%
Winner
SPTB
+3.66%
NOWL vs SPTB - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | NOWL | SPTB |
|---|---|---|
| 2026 | -65.77% | -0.31% |
| 2025 | -42.58% | +6.10% |
| 2024 | N/A | +2.17% |
NOWL vs SPTB 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 SPTB was -4.96%, occurring on Jan 14, 2025. Recovery took 138 trading sessions.
The current NOWL drawdown is -83.18%. The current SPTB drawdown is -2.19%.
| Rank | NOWL | SPTB |
|---|---|---|
| #1 | -86.64% Jul 24, 2025 - Jun 25, 2026 | -4.96% Sep 16, 2024 - Apr 4, 2025 |
| #2 | -1.96% Jul 16, 2025 - Jul 24, 2025 | -2.90% Feb 27, 2026 - May 19, 2026 |
| #3 | N/A | -2.66% Apr 4, 2025 - Aug 1, 2025 |
| #4 | N/A | -1.33% Jun 14, 2024 - Jul 11, 2024 |
| #5 | N/A | -1.20% Aug 5, 2024 - Aug 21, 2024 |
| #6 | N/A | -1.01% Oct 22, 2025 - Nov 26, 2025 |
| #7 | N/A | -0.98% May 21, 2024 - Jun 3, 2024 |
| #8 | N/A | -0.92% Jun 6, 2024 - Jun 13, 2024 |
| #9 | N/A | -0.90% Nov 26, 2025 - Feb 10, 2026 |
| #10 | N/A | -0.67% Jul 17, 2024 - Jul 30, 2024 |
| #11 | N/A | -0.66% Sep 16, 2025 - Oct 10, 2025 |
| #12 | N/A | -0.57% Aug 21, 2024 - Sep 4, 2024 |
| #13 | N/A | -0.56% Aug 5, 2025 - Aug 27, 2025 |
| #14 | N/A | -0.27% Aug 28, 2025 - Sep 3, 2025 |
| #15 | N/A | -0.22% Jul 12, 2024 - Jul 16, 2024 |
Correlation
Correlation between NOWL and SPTB is -0.65 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
-0.65
-101
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