{"url":"https://etfiq.com/compare/leverage/nowl-vs-nowx","section":"compare","title":"NOWL vs NOWX: which held to its multiple? | ETFIQ","description":"NOWL sets out to return +2 times NOW each day and NOWX +2 times. Over the month to Sep 30, 2026 they finished \u22121.9 pts and \u22121.3 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, NOWL or NOWX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, NOWL finished 10.4 points from what its multiple implies and NOWX finished 1.3 points from its own, so NOWX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are NOWL and NOWX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on ServiceNow, NOWL at +2 times and NOWX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, NOWL or NOWX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window NOWL\u2019s moved at 56% annualized and NOWX\u2019s at 50%, so NOWL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold NOWL or NOWX for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, NOWL or NOWX?","acceptedAnswer":{"@type":"Answer","text":"NOWL charges 1.50% a year and NOWX charges 0.45%, so NOWX is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"NOWL vs NOWX","item":"https://etfiq.com/compare/leverage/nowl-vs-nowx"}]},{"@type":"WebPage","name":"NOWL vs NOWX: which held to its multiple?","description":"NOWL sets out to return +2 times NOW each day and NOWX +2 times. Over the month to Sep 30, 2026 they finished \u22121.9 pts and \u22121.3 pts away.","url":"https://etfiq.com/compare/leverage/nowl-vs-nowx","dateModified":"2026-09-30","abstract":"Over the days both have traded, NOWL finished 1.9 points from its stated multiple and NOWX 1.3.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of NOWL and NOWX","description":"NOWL sets out to return +2 times NOW each day and NOWX +2 times. Over the month to Sep 30, 2026 they finished \u22121.9 pts and \u22121.3 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/nowl-vs-nowx","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6201,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / NOWL vs NOWX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n NOWL vs NOWX: which held to its multiple?\n\n Over the days both have traded, NOWL finished 1.9 points from its stated multiple and NOWX 1.3.\n Copy this for sharing \n \n GraniteShares 2x Long NOW Daily ETF and Corgi NOW 2x Daily ETF.\n\n Download as PDF \n\n +42.9% NOWL returned, 3 months \n +49.3% NOWX returned, since launch \n \u221210.4 pts NOWL from its stated multiple \n \u22126.3 pts NOWX from its stated multiple \n\n NOWL 10.4 pts short of its stated multiple \u00b7 3 months to Sep 30, 2026","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/nowl-vs-nowx","a":{"ticker":"NOWL","name":"GraniteShares 2x Long NOW Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: NOWL returned +42.9% where its own daily promise gave +48.7%, 5.8 points short.","url":"https://etfiq.com/funds/nowl","key_facts":[{"label":"What NOW did","value":"+26.7%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+48.7%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+42.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22125.8 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$194m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.50%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 24, 2025"}]},"b":{"ticker":"NOWX","name":"Corgi NOW 2x Daily ETF","issuer":"Corgi","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: NOWX returned \u221220.2% where its own daily promise gave \u221219.7%, 0.5 points short.","url":"https://etfiq.com/funds/nowx","key_facts":[{"label":"What NOW did","value":"\u22129.4%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221219.7%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221220.2%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$658,178","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.45%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 5, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/nowl-vs-nowx"}