ASTX vs. DLLL
ASTX (Tradr 2X Long ASTS Daily ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds. ASTX is actively managed, while DLLL is passively managed. Over the past year, ASTX returned -42.09% vs 636.01% for DLLL. At a 0.26 correlation, their price movements are largely independent. ASTX charges 1.30%/yr vs 1.50%/yr for DLLL.
Performance
ASTX vs. DLLL - Performance Comparison
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Returns By Period
In the year-to-date period, ASTX achieves a -61.97% return, which is significantly lower than DLLL's 738.32% return.
ASTX
- 1D
- -15.53%
- 1M
- -39.48%
- 6M
- -77.89%
- YTD
- -61.97%
- 1Y
- -42.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DLLL
- 1D
- -3.72%
- 1M
- 12.43%
- 6M
- 819.94%
- YTD
- 738.32%
- 1Y
- 636.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ASTX vs. DLLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ASTX Tradr 2X Long ASTS Daily ETF | -61.97% | 63.68% |
DLLL GraniteShares 2x Long DELL Daily ETF | 738.32% | -13.30% |
Correlation
The correlation between ASTX and DLLL is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025 | 0.26 |
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Return for Risk
ASTX vs. DLLL — Risk / Return Rank
ASTX
DLLL
ASTX vs. DLLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long ASTS Daily ETF (ASTX) and GraniteShares 2x Long DELL Daily ETF (DLLL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASTX | DLLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.50 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 11.22 | -11.72 |
| Martin ratioReturn relative to average drawdown | -0.80 | 22.48 | -23.28 |
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Drawdowns
ASTX vs. DLLL - Drawdown Comparison
The maximum ASTX drawdown since its inception was -84.62%, which is greater than DLLL's maximum drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for ASTX and DLLL.
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Drawdown Indicators
| ASTX | DLLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.62% | -68.58% | -16.04% |
Max Drawdown (1Y)Largest decline over 1 year | -84.62% | -57.19% | -27.43% |
Current DrawdownCurrent decline from peak | -84.62% | -20.70% | -63.92% |
Average DrawdownAverage peak-to-trough decline | -47.33% | -25.71% | -21.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.44% | 28.50% | +23.94% |
Volatility
ASTX vs. DLLL - Volatility Comparison
Tradr 2X Long ASTS Daily ETF (ASTX) has a higher volatility of 73.52% compared to GraniteShares 2x Long DELL Daily ETF (DLLL) at 35.23%. This indicates that ASTX's price experiences larger fluctuations and is considered to be riskier than DLLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASTX | DLLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 73.52% | 35.23% | +38.29% |
Volatility (6M)Calculated over the trailing 6-month period | 163.21% | 106.21% | +57.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 215.94% | 134.10% | +81.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 215.62% | 129.72% | +85.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 215.62% | 129.72% | +85.90% |
ASTX vs. DLLL - Expense Ratio Comparison
ASTX has a 1.30% expense ratio, which is lower than DLLL's 1.50% expense ratio.
Dividends
ASTX vs. DLLL - Dividend Comparison
Neither ASTX nor DLLL has paid dividends to shareholders.
Frequently Asked Questions
ASTX and DLLL have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASTX has higher volatility (73.52%) compared to DLLL (35.23%). In terms of maximum drawdown, ASTX dropped -84.62% vs DLLL's -68.58%.
On 1-year performance, DLLL leads with 636.01% vs -42.09% for ASTX. On fees, ASTX is cheaper at 1.30% per year. On volatility, DLLL has been the lower-risk option at 35.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DLLL has performed better with a 636.01% return vs -42.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ASTX is cheaper with a 1.30% expense ratio, compared with 1.50% for DLLL.
ASTX and DLLL have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr and GraniteShares. Their fees differ too: 1.30% for ASTX and 1.50% for DLLL.
DLLL currently has the higher Sharpe Ratio (4.80 vs -0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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