SPTB vs NOWL

Comparison between STATE STREET(R) SPDR(R) PORTFOLIO TREASURY ETF (SPTB, ETF) and GRANITESHARES 2X LONG NOW DAILY ETF (NOWL, ETF).

SPTB vs NOWL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPTB(ETF)	NOWL(ETF)
Net Assets	$286M	$286M
Expense Ratio	0.03%	N/A
Max Drawdown	6.32%	86.64%
Sharpe Ratio	-0.26	-1.12
5Y Beta	-0.01	1.29

Net Assets

SPTB

$286M

Winner

NOWL

$286M

Expense Ratio

SPTB

0.03%

NOWL

N/A

Max Drawdown

Winner

SPTB

6.32%

NOWL

86.64%

Sharpe Ratio

Winner

SPTB

-0.26

NOWL

-1.12

5Y Beta

Winner

SPTB

-0.01

NOWL

1.29

SPTB vs NOWL - Historical Returns

Returns include dividend reinvestment.

Period	SPTB	NOWL
1 month	-0.40%	+15.90%
3 months	-0.75%	-14.39%
6 months	-0.24%	-51.50%
1 year	+2.43%	-81.90%
Max(CAGR)	+3.66%	-81.39%

SPTB

-0.40%

Winner

NOWL

+15.90%

Winner

SPTB

-0.75%

NOWL

-14.39%

Winner

SPTB

-0.24%

NOWL

-51.50%

Winner

SPTB

+2.43%

NOWL

-81.90%

Max(CAGR)

Winner

SPTB

+3.66%

NOWL

-81.39%

SPTB vs NOWL - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	SPTB	NOWL
2026	-0.31%	-65.77%
2025	+6.10%	-42.58%
2024	+2.17%	N/A

SPTB vs NOWL Drawdown Comparison

The maximum drawdown for SPTB was -4.96%, occurring on Jan 14, 2025. Recovery took 138 trading sessions.

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

The current SPTB drawdown is -2.19%. The current NOWL drawdown is -83.18%.

Rank	SPTB	NOWL
#1	-4.96% Sep 16, 2024 - Apr 4, 2025	-86.64% Jul 24, 2025 - Jun 25, 2026
#2	-2.90% Feb 27, 2026 - May 19, 2026	-1.96% Jul 16, 2025 - Jul 24, 2025
#3	-2.66% Apr 4, 2025 - Aug 1, 2025	N/A
#4	-1.33% Jun 14, 2024 - Jul 11, 2024	N/A
#5	-1.20% Aug 5, 2024 - Aug 21, 2024	N/A
#6	-1.01% Oct 22, 2025 - Nov 26, 2025	N/A
#7	-0.98% May 21, 2024 - Jun 3, 2024	N/A
#8	-0.92% Jun 6, 2024 - Jun 13, 2024	N/A
#9	-0.90% Nov 26, 2025 - Feb 10, 2026	N/A
#10	-0.67% Jul 17, 2024 - Jul 30, 2024	N/A
#11	-0.66% Sep 16, 2025 - Oct 10, 2025	N/A
#12	-0.57% Aug 21, 2024 - Sep 4, 2024	N/A
#13	-0.56% Aug 5, 2025 - Aug 27, 2025	N/A
#14	-0.27% Aug 28, 2025 - Sep 3, 2025	N/A
#15	-0.22% Jul 12, 2024 - Jul 16, 2024	N/A

Correlation

Correlation between SPTB and NOWL is -0.65 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.65

-101