NOWL vs. PLTG

Last updated Jun 3, 2026

NOWL (GraniteShares 2x Long NOW Daily ETF) and PLTG (Leverage Shares 2X Long PLTR Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.29 correlation, their price movements are largely independent. NOWL charges 1.50%/yr vs 0.75%/yr for PLTG.

Performance

NOWL vs. PLTG - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with NOWL having a -47.14% return and PLTG slightly lower at -47.23%.

NOWL

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

PLTG

• 1D: -13.32%
• 1M: -9.50%
• YTD: -47.23%
• 6M: -47.68%
• 1Y: -24.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NOWL vs. PLTG - Yearly Performance Comparison

	2026 (YTD)	2025
NOWL GraniteShares 2x Long NOW Daily ETF	-47.14%	-42.58%
PLTG Leverage Shares 2X Long PLTR Daily ETF	-47.23%	20.03%

Correlation

The correlation between NOWL and PLTG is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.29

Return for Risk

NOWL vs. PLTG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PLTG

PLTG Risk / Return Rank: 8
PLTG Sharpe Ratio Rank: 6
PLTG Sortino Ratio Rank: 11
PLTG Omega Ratio Rank: 11
PLTG Calmar Ratio Rank: 6
PLTG Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NOWL vs. PLTG - 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 PLTR Daily ETF (PLTG). 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	PLTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.73	-0.01	-0.71

Drawdowns

NOWL vs. PLTG - Drawdown Comparison

The maximum NOWL drawdown since its inception was -86.57%, which is greater than PLTG's maximum drawdown of -69.02%. Use the drawdown chart below to compare losses from any high point for NOWL and PLTG.

Drawdown Indicators

	NOWL	PLTG	Difference
Max Drawdown Largest peak-to-trough decline	-86.57%	-69.02%	-17.55%
Max Drawdown (1Y) Largest decline over 1 year	—	-69.02%	—
Current Drawdown Current decline from peak	-71.83%	-64.14%	-7.69%
Average Drawdown Average peak-to-trough decline	-47.40%	-30.36%	-17.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	40.15%	—

Volatility

Volatility by Period

	NOWL	PLTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	36.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	77.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	102.34%	103.03%	-0.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	102.34%	106.00%	-3.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.34%	106.00%	-3.66%

NOWL vs. PLTG - Expense Ratio Comparison

NOWL has a 1.50% expense ratio, which is higher than PLTG's 0.75% expense ratio.

Dividends

NOWL vs. PLTG - Dividend Comparison

NOWL has not paid dividends to shareholders, while PLTG's dividend yield for the trailing twelve months is around 34.37%.

Position	TTM	2025
NOWL GraniteShares 2x Long NOW Daily ETF	0.00%	0.00%
PLTG Leverage Shares 2X Long PLTR Daily ETF	34.37%	18.14%

Frequently Asked Questions

Can I hold both NOWL and PLTG in my portfolio?

NOWL and PLTG have a correlation of 0.29, 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 PLTG?

On fees, PLTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NOWL or PLTG?

PLTG is cheaper with a 0.75% expense ratio, compared with 1.50% for NOWL.

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

PLTG has the higher dividend yield at 34.37%, compared with 0.00% for NOWL.

What is the main difference between NOWL and PLTG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for NOWL and 0.75% for PLTG.