Quick Verdict

VXUS has a lower expense ratio. VXUS delivered stronger 1-year returns. VXUS offers more diversification with 7861 holdings.

Lower Fees: VXUSHigher Returns: VXUSMore Diversified: VXUS

Side-by-Side Comparison

MetricNOWLVXUSWinner
Expense Ratio1.50%0.05%
AUM$262M$156.5B
Dividend Yield0.00%2.60%
Holdings28,747
YTD Return-50.55%+14.57%
1Y Return-68.15%+27.82%
3Y Return (annualized)-+19.27%
5Y Return (annualized)-+9.28%
Volatility (annualized)120.7%15.1%
Max Drawdown-86.6%-39.9%
Fund FamilyGraniteSharesVanguard (US)
CategoryAlternativeEquity
InceptionJul 15, 2025Jan 26, 2011

NOWL vs VXUS Performance

GraniteShares 2x Long NOW Daily ETF (NOWL) is a ETF from GraniteShares and Vanguard Total International Stock ETF (VXUS) is a ETF from Vanguard (US). Over the past year NOWL returned -68.15% while VXUS returned +27.82%. Year to date, NOWL is down 50.55% versus a gain of 14.57% for VXUS.

Risk: Volatility and Drawdowns

NOWL has been the more volatile fund, with annualized monthly volatility of 120.7% compared with 15.1% for VXUS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.

The deepest peak-to-trough decline in our data was -86.6% for NOWL and -39.9% for VXUS. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

The two funds' monthly returns correlate at -0.06. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

NOWL charges 1.50% per year while VXUS charges 0.05%. On a $10,000 position that is $150 vs $5 annually, a gap of $145 per year that compounds over a long holding period. On income, NOWL currently yields 0.00% against 2.60% for VXUS.

Holdings Overlap

0.0%overlap

NOWL and VXUS share 0 holdings out of 7862 unique holdings combined, representing a 0.0% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Frequently Asked Questions

Which is cheaper, NOWL or VXUS?

NOWL has an expense ratio of 1.50% while VXUS charges 0.05%. VXUS is the cheaper option. On a $10,000 investment, that is $145 per year of difference.

Which performed better, NOWL or VXUS?

Over the past year NOWL returned -68.15% vs +27.82% for VXUS, so VXUS leads on 1-year performance. Over the longest common window we track (1 years), NOWL annualized -71.68% vs +4.86% for VXUS. Past performance does not guarantee future results.

Which is riskier, NOWL or VXUS?

NOWL has been the more volatile fund at 120.7% annualized versus 15.1% for VXUS. Worst drawdown: NOWL -86.6% vs VXUS -39.9%.

Should I hold both NOWL and VXUS?

NOWL and VXUS have a monthly-return correlation of -0.06, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between NOWL and VXUS?

NOWL and VXUS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 7862 unique securities.

Which pays a higher dividend, NOWL or VXUS?

NOWL yields 0.00% while VXUS yields 2.60%, so VXUS currently pays the higher dividend yield.

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