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
The year-to-date returns for both stocks are quite close, with NOWL having a -71.09% return and CRMG slightly lower at -71.26%.
NOWL
- 1D
- 6.15%
- 1M
- -17.53%
- YTD
- -71.09%
- 6M
- -71.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRMG
- 1D
- 4.23%
- 1M
- -29.64%
- YTD
- -71.26%
- 6M
- -71.01%
- 1Y
- -73.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NOWL vs. CRMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NOWL GraniteShares 2x Long NOW Daily ETF | -71.09% | -43.64% |
CRMG Leverage Shares 2X Long CRM Daily ETF | -71.26% | -5.84% |
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 15, 2025 | 0.73 |
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Return for Risk
NOWL vs. CRMG — Risk / Return Rank
NOWL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| NOWL | CRMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.79 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.97 | — |
| Martin ratioReturn relative to average drawdown | — | -1.70 | — |
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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 -79.83%. 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% | -79.83% | -6.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -76.80% | — |
Current DrawdownCurrent decline from peak | -84.59% | -78.97% | -5.62% |
Average DrawdownAverage peak-to-trough decline | -49.22% | -39.18% | -10.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 43.41% | — |
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 | — | 32.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 63.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 103.16% | 76.12% | +27.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 103.16% | 75.39% | +27.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.16% | 75.39% | +27.77% |
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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