NOWL vs. BIDG

Last updated Jul 14, 2026

NOWL (GraniteShares 2x Long NOW Daily ETF) and BIDG (Leverage Shares 2X Long BIDU Daily ETF) are both Leveraged Equities funds. NOWL is actively managed, while BIDG is passively managed. At a 0.04 correlation, their price movements are largely independent. NOWL charges 1.50%/yr vs 0.75%/yr for BIDG.

Performance

NOWL vs. BIDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long NOW Daily ETF (NOWL) and Leverage Shares 2X Long BIDU Daily ETF (BIDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NOWL achieves a -62.15% return, which is significantly lower than BIDG's -37.73% return.

NOWL

• 1D: 6.48%
• 1M: 14.11%
• 6M: -56.11%
• YTD: -62.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BIDG

• 1D: -6.54%
• 1M: -6.11%
• 6M: -52.90%
• YTD: -37.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NOWL vs. BIDG - Yearly Performance Comparison

	2026 (YTD)	2025
NOWL GraniteShares 2x Long NOW Daily ETF	-62.15%	-4.75%
BIDG Leverage Shares 2X Long BIDU Daily ETF	-37.73%	17.04%

Correlation

The correlation between NOWL and BIDG is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.04

Return for Risk

NOWL vs. BIDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NOW Daily ETF (NOWL) and Leverage Shares 2X Long BIDU Daily ETF (BIDG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

NOWL vs. BIDG - Drawdown Comparison

The maximum NOWL drawdown since its inception was -86.64%, which is greater than BIDG's maximum drawdown of -64.84%. Use the drawdown chart below to compare losses from any high point for NOWL and BIDG.

Drawdown Indicators

	NOWL	BIDG	Difference
Max Drawdown Largest peak-to-trough decline	-86.64%	-64.84%	-21.80%
Current Drawdown Current decline from peak	-79.83%	-58.56%	-21.27%
Average Drawdown Average peak-to-trough decline	-50.94%	-36.60%	-14.34%

Volatility

Volatility by Period

	NOWL	BIDG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	104.54%	102.99%	+1.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	104.54%	102.99%	+1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	104.54%	102.99%	+1.55%

NOWL vs. BIDG - Expense Ratio Comparison

NOWL has a 1.50% expense ratio, which is higher than BIDG's 0.75% expense ratio.

Dividends

NOWL vs. BIDG - Dividend Comparison

Neither NOWL nor BIDG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NOWL and BIDG in my portfolio?

NOWL and BIDG have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NOWL or BIDG?

On fees, BIDG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NOWL or BIDG?

BIDG is cheaper with a 0.75% expense ratio, compared with 1.50% for NOWL.

Which ETF pays a higher dividend yield, NOWL or BIDG?

NOWL and BIDG have nearly identical dividend yields, around 0.00%.

What is the main difference between NOWL and BIDG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for NOWL and 0.75% for BIDG.