NOWL vs. CIFG

Last updated Jun 4, 2026

NOWL (GraniteShares 2x Long NOW Daily ETF) and CIFG (Leverage Shares 2X Long CIFR Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.11, they often move in opposite directions. NOWL charges 1.50%/yr vs 0.75%/yr for CIFG.

Performance

NOWL vs. CIFG - 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 CIFR Daily ETF (CIFG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NOWL achieves a -55.17% return, which is significantly lower than CIFG's 92.34% return.

NOWL

• 1D: -15.19%
• 1M: 53.22%
• YTD: -55.17%
• 6M: -63.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CIFG

• 1D: -0.35%
• 1M: 94.51%
• YTD: 92.34%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NOWL vs. CIFG - Yearly Performance Comparison

	2026 (YTD)	2025
NOWL GraniteShares 2x Long NOW Daily ETF	-55.17%	-24.07%
CIFG Leverage Shares 2X Long CIFR Daily ETF	92.34%	-42.39%

Correlation

The correlation between NOWL and CIFG is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025	-0.11

Return for Risk

NOWL vs. CIFG - 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 CIFR Daily ETF (CIFG). 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.

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

Sharpe Ratios by Period

	NOWL	CIFG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.76	0.12	-0.88

Drawdowns

NOWL vs. CIFG - Drawdown Comparison

The maximum NOWL drawdown since its inception was -86.57%, which is greater than CIFG's maximum drawdown of -71.71%. Use the drawdown chart below to compare losses from any high point for NOWL and CIFG.

Drawdown Indicators

	NOWL	CIFG	Difference
Max Drawdown Largest peak-to-trough decline	-86.57%	-71.71%	-14.86%
Current Drawdown Current decline from peak	-76.11%	-0.35%	-75.76%
Average Drawdown Average peak-to-trough decline	-47.53%	-38.01%	-9.52%

Volatility

Volatility by Period

	NOWL	CIFG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	103.33%	203.83%	-100.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	103.33%	203.83%	-100.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	103.33%	203.83%	-100.50%

NOWL vs. CIFG - Expense Ratio Comparison

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

Dividends

NOWL vs. CIFG - Dividend Comparison

Neither NOWL nor CIFG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NOWL and CIFG in my portfolio?

NOWL and CIFG have a correlation of -0.11, 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 CIFG?

On fees, CIFG 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 CIFG?

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

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

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

What is the main difference between NOWL and CIFG?

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