Skip to content
etf.net

DLLL

GradeCNASDAQ Global Select

GraniteShares 2x Long DELL Daily ETF

Leveraged · Single-Stock Leveraged · GraniteShares · Inception 2025-02-13

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$33.97−0.14 (−0.43%)

As of Sep 23, 2026, 3:10 PM EDT

History starts Feb 13, 2025.
Intraday session: down, 69 prints from 34.11 to 33.97. Range 33.56 to 36.00. Use the arrow keys to read each point.$35.00$36.0010 AM12 PM2 PM4 PM
Expense ratio
3.55%
Fund size
$222M
1Y return
+847.5%
Yield · Last 12 months
—
Holdings
2
Volume · 30D
2.4M sh
NAV per share
$37.57
52W range
low $2.17high $40.21

The ETF.net DLLL Grade

C

41/ 100

Rank 125 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for DLLL. Scores out of 100: Cost 1, Risk 75, Mission 94, Tradability 77, Holdings not scored, Durability 81. Strongest: Mission (94). Weakest: Cost (1). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 41 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 1
    Category rank376/380 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 94
    Category rank63/147 · top 43%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 75
    Category rank33/285 · top 12%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 77
    Category rank52/380 · top 14%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 81
    Category rank18/380 · top 5%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on DLLL

ETF.net Research

COne ticker, two times Dell's daily move. GraniteShares built DLLL for traders who want geared exposure to Dell without a margin account, and the leverage resets every day, making it a short-horizon tool by design.

Stated mandate

The fund seeks daily investment results equal to 2 times the daily percentage change of Dell Technologies Inc.'s common stock. It is intended as a short-term trading vehicle and is not expected to deliver twice the cumulative return over periods longer than one day.

Why people hold it

  1. 01Targets 2x Dell's daily percentage move inside an ordinary brokerage account. No margin loan, no options chain, no borrow to arrange.graniteshares.com
  2. 02Hits its stated daily 2x target closely, which is the entire job of a geared fund and the place many of them slip.
  3. 03Trades actively for a fund of its size, so entering and exiting is straightforward rather than a hunt for the other side.
  4. 04Dell is a rarer underlying than the megacap names that dominate this shelf, and DLLL sits in the upper half of a crowded 2x single-stock bull field.

Worth knowing

  1. 01The 3.55% expense ratio is well above rivals running the same daily-2x mechanic, such as GGLL and AAPU at 0.96%.
  2. 02Leverage resets daily. Over any stretch longer than a session, compounding means results can diverge widely from 2x Dell's move, especially in choppy tape.
  3. 03Everything rides on one company's stock, doubled. A single earnings night or guidance cut lands twice as hard, with no diversification to soften it.

DLLL Holdings

As of Sep 21, 2026, 4:06 AM
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
DELL SWAP66.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—DELL SWAP66.68%789,848$465M1
002—US Dollars33.32%232,229,981$232M85

Showing 1–2 of 2 holdings

DLLL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

DLLL$94,750
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. DLLL $94,750. SPY $11,723. Use the arrow keys to read each point.$-1,821$57,903$117,627Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DLLL. Periods over one year show the average yearly return.
PeriodDLLL
Year to date+1088.5%
1 month+44.9%
3 months+43.7%
1 year+847.5%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DLLL
YearReturn barDLLL
2026 YTD+1088.5%
2025−3.7%

Since listing, Feb 13, 2025

DLLL in the news

ETF.net Research hasn’t filed on DLLL yet — coverage lands here as it’s written.

DLLL Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

DLLL Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
224.9%
Annualised · 18 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.24
vs 3-month T-bills · 18 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−68.6%
19 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
7.42
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

DLLL Cost

Expense ratio3.55%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

324 of the 329 Single-Stock Long Leveraged funds charge less.

DLLL costs $355.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.