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Launched

GraniteShares 2x Long DELL Daily ETF

DLLLNasdaqCThis 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.

$36.69−0.49 (−1.32%)

At close: Oct 13, 2026, 4:00 PM

C44/ 100

Rank 112 of 380 in Single-Stock Long Leveraged

C44/100Rank 112 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 37.18 to 36.69. Range 33.58 to 37.50. Use the arrow keys to read each point.34.0035.0036.0010 AM12 PM2 PM4 PM
Expense ratio
3.55%
Fund size
$222M
1Y total return
+764.7%
Yield · Last 12 months
—
Holdings
2
Avg volume · 30D
1.9M sh
NAV per share
$37.14
52W range
low $2.17high $40.21
Launched

The ETF.net DLLL Grade

Based on 5 of 6 pillars

C

Score 44 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
112 of 380
Six-pillar profile for DLLL. Scores out of 100: Cost 1, Risk 74, Mission 94, Tradability 89, Holdings not scored, Durability 81. Strongest: Mission (94). Weakest: Cost (1). Based on 5 of 6 pillars.

Score 44 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.
    F1 out of 100
    Rank 375 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A94 out of 100
    Rank 54 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A74 out of 100
    Rank 56 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A89 out of 100
    Rank 19 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.
    A81 out of 100
    Rank 15 of 380

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 Oct 13, 2026
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
DELL66.6%

Sectors

  • Technology100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001DELLDell66.64%767,702$443M443
002—US Dollars33.36%221,703,487$222M85

Showing 1–2 of 2 holdings

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$86,465
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. DLLL $86,465. SPY $12,044. Use the arrow keys to read each point.$-1,650$48,419$98,487Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+1195.5%
1 month+1.1%
3 months+48.9%
1 year+764.7%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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+1195.5%
2025−3.7%

Since listing, Feb 13, 2025

DLLL in the news

Filtered to DLLL · Single-Stock Long Leveraged

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.
218.6%
Annualised · 19 months to Sep 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.
1.29
vs 3-month T-bills · 19 months to Sep 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.
7.27
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%

328 of the 333 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.

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