NOWL vs. NEMG
NOWL (GraniteShares 2x Long NOW Daily ETF) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.10, they often move in opposite directions. NOWL charges 1.50%/yr vs 0.75%/yr for NEMG.
Performance
NOWL vs. NEMG - Performance Comparison
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Returns By Period
In the year-to-date period, NOWL achieves a -47.14% return, which is significantly lower than NEMG's -0.97% return.
NOWL
- 1D
- -12.28%
- 1M
- 84.18%
- YTD
- -47.14%
- 6M
- -55.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEMG
- 1D
- -3.61%
- 1M
- -3.20%
- YTD
- -0.97%
- 6M
- 20.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NOWL vs. NEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NOWL GraniteShares 2x Long NOW Daily ETF | -47.14% | -19.16% |
NEMG Leverage Shares 2x Long NEM Daily ETF | -0.97% | 27.79% |
Correlation
The correlation between NOWL and NEMG is -0.10, 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 18, 2025 | -0.10 |
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Return for Risk
NOWL vs. NEMG - 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 NEM Daily ETF (NEMG). 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 | NEMG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.73 | 0.55 | -1.28 |
Drawdowns
NOWL vs. NEMG - Drawdown Comparison
The maximum NOWL drawdown since its inception was -86.57%, which is greater than NEMG's maximum drawdown of -51.18%. Use the drawdown chart below to compare losses from any high point for NOWL and NEMG.
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Drawdown Indicators
| NOWL | NEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.57% | -51.18% | -35.39% |
Current DrawdownCurrent decline from peak | -71.83% | -42.05% | -29.78% |
Average DrawdownAverage peak-to-trough decline | -47.40% | -20.71% | -26.69% |
Volatility
NOWL vs. NEMG - Volatility Comparison
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Volatility by Period
| NOWL | NEMG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 102.34% | 100.36% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 102.34% | 100.36% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.34% | 100.36% | +1.98% |
NOWL vs. NEMG - Expense Ratio Comparison
NOWL has a 1.50% expense ratio, which is higher than NEMG's 0.75% expense ratio.
Dividends
NOWL vs. NEMG - Dividend Comparison
Neither NOWL nor NEMG has paid dividends to shareholders.
Frequently Asked Questions
NOWL and NEMG have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NEMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NEMG is cheaper with a 0.75% expense ratio, compared with 1.50% for NOWL.
NOWL and NEMG 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 NEMG.
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