NOWL ETF — GraniteShares 2x Long NOW Daily ETF

GraniteShares 2x Long NOW Daily ETF (NOWL)

Updated October 16, 2026.

NOWL is an ETF linked to ServiceNow (NOW). its expense ratio is 1.50%. Total return is -68.8% over the past 1.3 years, 43.0 points behind NOW at -25.8%.

GraniteShares 2x Long NOW Daily ETF is a leveraged ETF that seeks to deliver twice the daily percentage change of ServiceNow stock through a combination of direct stock purchases, swaps, and options contracts; the fund is non-diversified and carries a 1.50% expense ratio. The ETF does not currently distribute income to shareholders. This fund is designed for active traders seeking amplified daily exposure to ServiceNow's price movements rather than for long-term income or buy-and-hold investors.

NOWL performance versus NOW

Price and return data through 2026-10-16.

Total return is -68.8% over the past 1.3 years, 43.0 points behind NOW at -25.8%. Its deepest 1-year drawdown was 84.5%.

NOWL key facts

Issuer

GraniteShares

Asset type

ETF

Asset class

Equity

Inception date

07/15/2025

Expense ratio

1.50%

Distribution frequency

None

Last close

$7.78 (as of 2026-10-16)

AUM

$184,441,164

Average volume

6158639.0

Dividend

$0.00

Ex-dividend date

12/29/2025

Payment date

12/31/2025

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: GraniteShares or company page; Index: ServiceNow (NOW); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

NOWL risks and drawbacks

Total return has trailed NOW over the available window. The deepest 1-year drawdown on record here is 84.5%.

Who may consider NOWL — and who may not

It is a weaker fit for investors who need monthly cash flow (NOWL does not currently distribute); investors whose main goal is matching NOW total return. This is educational context, not a recommendation to buy or sell.

More on NOWL

• All tickers starting with N

Tagged: Leverage, Single, Technology.

Frequently asked questions

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