NOWL vs. COTG
NOWL (GraniteShares 2x Long NOW Daily ETF) and COTG (Leverage Shares 2X Long COST Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.03, they often move in opposite directions. NOWL charges 1.50%/yr vs 0.75%/yr for COTG.
Performance
NOWL vs. COTG - Performance Comparison
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Returns By Period
In the year-to-date period, NOWL achieves a -55.17% return, which is significantly lower than COTG's 17.32% return.
NOWL
- 1D
- -15.19%
- 1M
- 53.22%
- YTD
- -55.17%
- 6M
- -63.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COTG
- 1D
- 1.39%
- 1M
- -11.21%
- YTD
- 17.32%
- 6M
- 1.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NOWL vs. COTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NOWL GraniteShares 2x Long NOW Daily ETF | -55.17% | -38.82% |
COTG Leverage Shares 2X Long COST Daily ETF | 17.32% | -21.71% |
Correlation
The correlation between NOWL and COTG is -0.03, 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 Sep 19, 2025 | -0.03 |
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Return for Risk
NOWL vs. COTG - 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 COST Daily ETF (COTG). 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.
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Sharpe Ratios by Period
| NOWL | COTG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.76 | -0.28 | -0.48 |
Drawdowns
NOWL vs. COTG - Drawdown Comparison
The maximum NOWL drawdown since its inception was -86.57%, which is greater than COTG's maximum drawdown of -25.69%. Use the drawdown chart below to compare losses from any high point for NOWL and COTG.
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Drawdown Indicators
| NOWL | COTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.57% | -25.69% | -60.88% |
Current DrawdownCurrent decline from peak | -76.11% | -23.48% | -52.63% |
Average DrawdownAverage peak-to-trough decline | -47.53% | -8.35% | -39.18% |
Volatility
NOWL vs. COTG - Volatility Comparison
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Volatility by Period
| NOWL | COTG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 103.33% | 40.65% | +62.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 103.33% | 40.65% | +62.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.33% | 40.65% | +62.68% |
NOWL vs. COTG - Expense Ratio Comparison
NOWL has a 1.50% expense ratio, which is higher than COTG's 0.75% expense ratio.
Dividends
NOWL vs. COTG - Dividend Comparison
Neither NOWL nor COTG has paid dividends to shareholders.
Frequently Asked Questions
NOWL and COTG have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COTG is cheaper with a 0.75% expense ratio, compared with 1.50% for NOWL.
NOWL and COTG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for NOWL and 0.75% for COTG.
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