NOWL vs. LINT

Last updated Aug 2, 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. Their -0.27 correlation means they have often moved in opposite directions in the past. 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 -63.41% return, which is significantly lower than LINT's 259.95% return.

NOWL

• 1D: 2.14%
• 1M: 5.43%
• 6M: -34.34%
• YTD: -63.41%
• 1Y: -76.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -77.99%

LINT

• 1D: -2.72%
• 1M: -47.53%
• 6M: 154.25%
• YTD: 259.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LINT Direxion Daily INTC Bull 2X Shares	$19.47M	$20.67M	$35.74M
NOWL GraniteShares 2x Long NOW Daily ETF	$112.35M	$97.45M	$114.36M

NOWL vs. LINT - Yearly Performance Comparison

	2026 (YTD)	2025
NOWL GraniteShares 2x Long NOW Daily ETF	-63.41%	-15.96%
LINT Direxion Daily INTC Bull 2X Shares	259.95%	5.81%

Correlation

The correlation between NOWL and LINT is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	-0.27

Return for Risk

NOWL vs. LINT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NOWL

NOWL Risk / Return Rank: 2
NOWL Sharpe Ratio Rank: 3
NOWL Sortino Ratio Rank: 3
NOWL Omega Ratio Rank: 3
NOWL Calmar Ratio Rank: 1
NOWL Martin Ratio Rank: 2

LINT

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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	LINT	Difference
Sharpe ratio: Return per unit of total volatility	-0.72	—	—
Sortino ratio: Return per unit of downside risk	-1.13	—	—
Omega ratio: Gain probability vs. loss probability	0.86	—	—
Calmar ratio: Return relative to maximum drawdown	-0.92	—	—
Martin ratio: Return relative to average drawdown	-1.34	—	—

Drawdowns

NOWL vs. LINT - Drawdown Comparison

The maximum NOWL drawdown since its inception was -86.64%, which is greater than LINT's maximum drawdown of -69.02%. 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	-86.64%	-69.02%	-17.62%
Max Drawdown (1Y) Largest decline over 1 year	-85.16%	—	—
Current Drawdown Current decline from peak	-80.50%	-62.88%	-17.62%
Average Drawdown Average peak-to-trough decline	-52.61%	-23.85%	-28.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	58.33%	—	—

Volatility

Volatility by Period

	NOWL	LINT	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	98.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	108.39%	169.51%	-61.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.58%	169.51%	-62.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	106.58%	169.51%	-62.93%

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 0.76%.

Position	TTM	2025
LINT Direxion Daily INTC Bull 2X Shares	0.76%	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 -0.27, 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 0.76%, 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.