NOWL vs. LINT

Last updated Jun 3, 2026

NOWL (GraniteShares 2x Long NOW Daily ETF) and LINT (Direxion Daily INTC Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.24, they often move in opposite directions. NOWL charges 1.50%/yr vs 0.97%/yr for LINT.

Performance

NOWL vs. LINT - Performance Comparison

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

Returns By Period

In the year-to-date period, NOWL achieves a -47.14% return, which is significantly lower than LINT's 508.11% return.

NOWL

• 1D: -12.28%
• 1M: 84.18%
• YTD: -47.14%
• 6M: -55.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LINT

• 1D: -2.31%
• 1M: 9.92%
• YTD: 508.11%
• 6M: 330.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NOWL vs. LINT - Yearly Performance Comparison

	2026 (YTD)	2025
NOWL GraniteShares 2x Long NOW Daily ETF	-47.14%	-15.19%
LINT Direxion Daily INTC Bull 2X Shares	508.11%	5.79%

Correlation

The correlation between NOWL and LINT is -0.24, 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 Nov 20, 2025	-0.24

Return for Risk

NOWL vs. LINT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NOW Daily ETF (NOWL) and Direxion Daily INTC Bull 2X Shares (LINT). 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	LINT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.73	20.86	-21.58

Drawdowns

NOWL vs. LINT - Drawdown Comparison

The maximum NOWL drawdown since its inception was -86.57%, which is greater than LINT's maximum drawdown of -49.54%. Use the drawdown chart below to compare losses from any high point for NOWL and LINT.

Drawdown Indicators

	NOWL	LINT	Difference
Max Drawdown Largest peak-to-trough decline	-86.57%	-49.54%	-37.03%
Current Drawdown Current decline from peak	-71.83%	-32.61%	-39.22%
Average Drawdown Average peak-to-trough decline	-47.40%	-20.47%	-26.93%

Volatility

Volatility by Period

	NOWL	LINT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	102.34%	163.37%	-61.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	102.34%	163.37%	-61.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.34%	163.37%	-61.03%

NOWL vs. LINT - Expense Ratio Comparison

NOWL has a 1.50% expense ratio, which is higher than LINT's 0.97% expense ratio.

Dividends

NOWL vs. LINT - Dividend Comparison

NOWL has not paid dividends to shareholders, while LINT's dividend yield for the trailing twelve months is around 0.14%.

Position	TTM	2025
LINT Direxion Daily INTC Bull 2X Shares	0.14%	0.25%
NOWL GraniteShares 2x Long NOW Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both NOWL and LINT in my portfolio?

NOWL and LINT have a correlation of -0.24, 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 LINT?

On fees, LINT is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NOWL or LINT?

LINT is cheaper with a 0.97% expense ratio, compared with 1.50% for NOWL.

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

LINT has the higher dividend yield at 0.14%, compared with 0.00% for NOWL.

What is the main difference between NOWL and LINT?

They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.50% for NOWL and 0.97% for LINT.