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Launched

GraniteShares 2x Long DELL Daily ETF

DLLLNasdaqGraniteSharesCThis 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.

$16.11−2.81 (−14.85%)

At close: Nov 2, 2026, 4:00 PM ET

C45/ 100

Rank 107 of 380 in Single-Stock Long Leveraged

C45/100Rank 107 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 18.92 to 16.11. Range 16.11 to 18.85. Use the arrow keys to read each point.16.5017.0017.5018.0018.5010 AM12 PM2 PM4 PM
Expense ratio
1.52%*
Fund size
$159M
1Y total return
+279.2%
Yield · Last 12 months
No data
Holdings
2
Avg volume · 30D
1.71M sh
52W range
low $2.17high $40.21
Launched

*After a fee waiver that ends Dec 31, 2027. Without it: 1.55%.

The ETF.net DLLL Grade

Based on 5 of 6 pillars

C

Score 45 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
107 of 380
Six-pillar profile for DLLL. Scores out of 100: Cost 4, Risk 75, Mission 95, Tradability 86, Holdings not scored, Durability 80. Strongest: Mission (95). Weakest: Cost (4). Based on 5 of 6 pillars.

Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F4 out of 100
    Rank 365 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A95 out of 100
    Rank 40 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A75 out of 100
    Rank 57 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A86 out of 100
    Rank 28 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A80 out of 100
    Rank 21 of 380

Our read on DLLL

ETF.net Research

In short

CTwo times Dell's daily move in one ticker, no margin account or options chain required. The exposure resets every day, which makes it a short-clock trading tool rather than a set-and-forget holding.

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

  • Does one thing and states it plainly: aims for 2x Dell's daily percentage change, and it has stayed close to that daily mark since its February 2025 launch.graniteshares.com
  • Actively traded, which matters for an instrument where your fill is most of the outcome.
  • Leverage in a wrapper you already use: a 1940 Act ETF bought in a normal brokerage account, no margin agreement, options approval, or roll schedule.graniteshares.com
  • Stands in the upper half of a very crowded field of 2x single-stock bull funds.

Worth knowing

  • Priced at the high end: 1.50% net of a waiver through December 31, 2026 (3.55% gross), above the category median. TSMG charges 0.76% and OKTG 0.75%, neither waived.
  • The daily reset compounds. Over any stretch longer than one day, results can drift from 2x Dell's move, and choppy stretches erode value. The prospectus says so.graniteshares.com
  • One stock, doubled. A single Dell earnings report moves the whole position at twice the speed, with no other holdings to cushion it.

DLLL Performance

Launched Feb 13, 2025

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

Not enough history yet.Not enough history yet.Not enough history yet.
DLLL$37,916
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. DLLL $37,916. SPY $11,199. Use the arrow keys to read each point.$10,000$25,000$50,000$75,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+559.2%
1 month−42.0%
3 months−7.8%
1 year+279.2%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+559.2%
2025−3.7%

Since listing, Feb 13, 2025

DLLL in the news

DLLL Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

DLLL Risk

Risk pillarA75 out of 100Rank 57 of 368 in Single-Stock Long Leveraged

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.
218.8%
Annualised · 20 months to Oct 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.
1.11
vs 3-month T-bills · 20 months to Oct 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%
20 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.
7.68
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.

FMP measures it over up to five years of monthly returns.

DLLL Cost

Compare DLLL and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$22,411

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DLLL 1.52%

    $26,566

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • DLLL 1.52%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530DLLL $26,566GOGL $4,155

Year by year

YearDLLLGOGLOverpaying
10$2,622$365$2,257
20$9,630$1,421$8,209
30$26,566$4,155$22,411
How the 1.52% is worked out

Full fee 1.55%− waiver 0.03%= you pay 1.52%

The waiver ends Dec 31, 2027. After that the fee is 1.55% unless GraniteShares renews it. Source: prospectus, Oct 2026.

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