NOWL vs. CRMG
NOWL (GraniteShares 2x Long NOW Daily ETF) and CRMG (Leverage Shares 2X Long CRM Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.73 correlation means they provide meaningful diversification when combined. NOWL charges 1.50%/yr vs 0.75%/yr for CRMG.
Performance
NOWL vs. CRMG - Performance Comparison
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Returns By Period
In the year-to-date period, NOWL achieves a -47.14% return, which is significantly higher than CRMG's -49.96% return.
NOWL
- 1D
- -12.28%
- 1M
- 84.18%
- YTD
- -47.14%
- 6M
- -55.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRMG
- 1D
- -8.29%
- 1M
- 15.68%
- YTD
- -49.96%
- 6M
- -37.29%
- 1Y
- -54.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NOWL vs. CRMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NOWL GraniteShares 2x Long NOW Daily ETF | -47.14% | -42.58% |
CRMG Leverage Shares 2X Long CRM Daily ETF | -49.96% | -4.92% |
Correlation
The correlation between NOWL and CRMG is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025 | 0.73 |
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Return for Risk
NOWL vs. CRMG — Risk / Return Rank
NOWL
CRMG
NOWL vs. CRMG - 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 CRM Daily ETF (CRMG). 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 | CRMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.73 | -0.58 | -0.15 |
Drawdowns
NOWL vs. CRMG - Drawdown Comparison
The maximum NOWL drawdown since its inception was -86.57%, which is greater than CRMG's maximum drawdown of -74.38%. Use the drawdown chart below to compare losses from any high point for NOWL and CRMG.
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Drawdown Indicators
| NOWL | CRMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.57% | -74.38% | -12.19% |
Max Drawdown (1Y)Largest decline over 1 year | — | -70.91% | — |
Current DrawdownCurrent decline from peak | -71.83% | -63.39% | -8.44% |
Average DrawdownAverage peak-to-trough decline | -47.40% | -37.61% | -9.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 40.69% | — |
Volatility
NOWL vs. CRMG - Volatility Comparison
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Volatility by Period
| NOWL | CRMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 31.95% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 63.03% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 102.34% | 74.67% | +27.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 102.34% | 75.24% | +27.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.34% | 75.24% | +27.10% |
NOWL vs. CRMG - Expense Ratio Comparison
NOWL has a 1.50% expense ratio, which is higher than CRMG's 0.75% expense ratio.
Dividends
NOWL vs. CRMG - Dividend Comparison
Neither NOWL nor CRMG has paid dividends to shareholders.
Frequently Asked Questions
NOWL and CRMG have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CRMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CRMG is cheaper with a 0.75% expense ratio, compared with 1.50% for NOWL.
NOWL and CRMG 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 CRMG.
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