SMCX vs NOWL
Comparison between DEFIANCE DAILY TARGET 2X LONG SMCI ETF (SMCX, ETF) and GRANITESHARES 2X LONG NOW DAILY ETF (NOWL, ETF).
SMCX vs NOWL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SMCX
$106M
Winner
NOWL
$106M
Max Drawdown
SMCX
99.06%
Winner
NOWL
86.57%
Sharpe Ratio
Winner
SMCX
0.10
NOWL
-1.07
5Y Beta
SMCX
4.53
Winner
NOWL
1.57
SMCX vs NOWL - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SMCX
+95.95%
NOWL
+38.66%
3M
Winner
SMCX
-4.05%
NOWL
-28.54%
6M
Winner
SMCX
-29.95%
NOWL
-68.75%
1Y
Winner
SMCX
-66.55%
NOWL
-76.70%
Max(CAGR)
SMCX
-85.42%
Winner
NOWL
-80.55%
SMCX vs NOWL - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | SMCX | NOWL |
|---|---|---|
| 2026 | -8.51% | -56.00% |
| 2025 | -68.89% | -42.58% |
| 2024 | -89.57% | N/A |
SMCX vs NOWL Drawdown Comparison
The maximum drawdown for SMCX was -99.02%, occurring on Mar 20, 2026. This drawdown has not yet recovered.
The maximum drawdown for NOWL was -86.57%, occurring on Apr 23, 2026. This drawdown has not yet recovered.
The current SMCX drawdown is -96.87%. The current NOWL drawdown is -78.38%.
| Rank | SMCX | NOWL |
|---|---|---|
| #1 | -99.02% Aug 23, 2024 - Mar 20, 2026 | -86.57% Jul 24, 2025 - Apr 23, 2026 |
| #2 | N/A | -1.96% Jul 16, 2025 - Jul 24, 2025 |
Correlation
Correlation between SMCX and NOWL is 0.85 which considered as a strong positive correlation - the stocks tend to move together.
0.85
-101
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