SLNZ vs NOWL

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

SLNZ vs NOWL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

SLNZ

$223M

NOWL

$222M

Expense Ratio

SLNZ

0.65%

NOWL

N/A

Max Drawdown

Winner

SLNZ

6.03%

NOWL

86.64%

Sharpe Ratio

Winner

SLNZ

0.24

NOWL

-0.51

5Y Beta

Winner

SLNZ

0.04

NOWL

1.25

SLNZ vs NOWL - Historical Returns

Returns include dividend reinvestment.

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

SLNZ

+0.43%

Winner

NOWL

+58.85%

SLNZ

+1.64%

Winner

NOWL

+38.05%

SLNZ

+4.32%

Winner

NOWL

+8.14%

Winner

SLNZ

+4.98%

NOWL

-67.68%

Max(CAGR)

Winner

SLNZ

+5.17%

NOWL

-69.59%

SLNZ vs NOWL - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

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

SLNZ vs NOWL Drawdown Comparison

The maximum drawdown for SLNZ was -2.57%, occurring on Mar 10, 2026. Recovery took 88 trading sessions.

The maximum drawdown for NOWL was -86.64%, occurring on Jun 25, 2026. This drawdown has not yet recovered.

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

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

Correlation

Correlation between SLNZ and NOWL 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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