NOWL vs. PTIR

Last updated Jul 14, 2026

NOWL (GraniteShares 2x Long NOW Daily ETF) and PTIR (GraniteShares 2x Long PLTR Daily ETF) are both Leveraged Equities funds from GraniteShares. NOWL is actively managed, while PTIR is passively managed. At a 0.36 correlation, their price movements are largely independent. NOWL charges 1.50%/yr vs 1.04%/yr for PTIR.

Performance

NOWL vs. PTIR - Performance Comparison

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

Returns By Period

In the year-to-date period, NOWL achieves a -62.15% return, which is significantly lower than PTIR's -56.90% return.

NOWL

• 1D: 6.48%
• 1M: 14.11%
• 6M: -56.11%
• YTD: -62.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PTIR

• 1D: 5.11%
• 1M: -0.35%
• 6M: -57.27%
• YTD: -56.90%
• 1Y: -42.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NOWL vs. PTIR - Yearly Performance Comparison

	2026 (YTD)	2025
NOWL GraniteShares 2x Long NOW Daily ETF	-62.15%	-43.64%
PTIR GraniteShares 2x Long PLTR Daily ETF	-56.90%	22.19%

Correlation

The correlation between NOWL and PTIR is 0.36, 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 15, 2025	0.36

Return for Risk

NOWL vs. PTIR — Risk / Return Rank

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

NOWL

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

PTIR

PTIR Risk / Return Rank: 6
PTIR Sharpe Ratio Rank: 6
PTIR Sortino Ratio Rank: 8
PTIR Omega Ratio Rank: 8
PTIR Calmar Ratio Rank: 5
PTIR Martin Ratio Rank: 5

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. PTIR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NOW Daily ETF (NOWL) and GraniteShares 2x Long PLTR Daily ETF (PTIR). 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	PTIR	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.41	—
Sortino ratio: Return per unit of downside risk	—	-0.02	—
Omega ratio: Gain probability vs. loss probability	—	1.00	—
Calmar ratio: Return relative to maximum drawdown	—	-0.53	—
Martin ratio: Return relative to average drawdown	—	-0.93	—

Drawdowns

NOWL vs. PTIR - Drawdown Comparison

The maximum NOWL drawdown since its inception was -86.64%, which is greater than PTIR's maximum drawdown of -79.40%. Use the drawdown chart below to compare losses from any high point for NOWL and PTIR.

Drawdown Indicators

	NOWL	PTIR	Difference
Max Drawdown Largest peak-to-trough decline	-86.64%	-79.40%	-7.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-79.40%	—
Current Drawdown Current decline from peak	-79.83%	-70.30%	-9.53%
Average Drawdown Average peak-to-trough decline	-50.94%	-29.84%	-21.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	45.56%	—

Volatility

Volatility by Period

	NOWL	PTIR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	32.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	79.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	104.54%	103.06%	+1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	104.54%	128.33%	-23.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	104.54%	128.33%	-23.79%

NOWL vs. PTIR - Expense Ratio Comparison

NOWL has a 1.50% expense ratio, which is higher than PTIR's 1.04% expense ratio.

Dividends

NOWL vs. PTIR - Dividend Comparison

NOWL has not paid dividends to shareholders, while PTIR's dividend yield for the trailing twelve months is around 13.48%.

Position	TTM	2025
NOWL GraniteShares 2x Long NOW Daily ETF	0.00%	0.00%
PTIR GraniteShares 2x Long PLTR Daily ETF	13.48%	5.81%

Frequently Asked Questions

Can I hold both NOWL and PTIR in my portfolio?

NOWL and PTIR have a correlation of 0.36, 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 PTIR?

On fees, PTIR is cheaper at 1.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NOWL or PTIR?

PTIR is cheaper with a 1.04% expense ratio, compared with 1.50% for NOWL.

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

PTIR has the higher dividend yield at 13.48%, compared with 0.00% for NOWL.

What is the main difference between NOWL and PTIR?

Their fees differ too: 1.50% for NOWL and 1.04% for PTIR.