AVXX vs. DLLL
AVXX (Defiance Daily Target 2X Long AVAV ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds. AVXX is actively managed, while DLLL is passively managed. At a 0.17 correlation, their price movements are largely independent. AVXX charges 1.31%/yr vs 1.50%/yr for DLLL.
Performance
AVXX vs. DLLL - Performance Comparison
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Returns By Period
In the year-to-date period, AVXX achieves a -52.20% return, which is significantly lower than DLLL's 758.72% return.
AVXX
- 1D
- 12.75%
- 1M
- 39.15%
- YTD
- -52.20%
- 6M
- -67.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DLLL
- 1D
- 0.11%
- 1M
- 230.95%
- YTD
- 758.72%
- 6M
- 593.50%
- 1Y
- 836.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVXX vs. DLLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVXX Defiance Daily Target 2X Long AVAV ETF | -52.20% | -63.02% |
DLLL GraniteShares 2x Long DELL Daily ETF | 758.72% | -40.16% |
Correlation
The correlation between AVXX and DLLL is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | 0.17 |
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Return for Risk
AVXX vs. DLLL — Risk / Return Rank
AVXX
DLLL
AVXX vs. DLLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AVAV ETF (AVXX) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| AVXX | DLLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 6.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.62 | 3.14 | -3.76 |
Drawdowns
AVXX vs. DLLL - Drawdown Comparison
The maximum AVXX drawdown since its inception was -88.97%, which is greater than DLLL's maximum drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for AVXX and DLLL.
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Drawdown Indicators
| AVXX | DLLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.97% | -68.58% | -20.39% |
Max Drawdown (1Y)Largest decline over 1 year | — | -57.19% | — |
Current DrawdownCurrent decline from peak | -82.47% | -18.77% | -63.70% |
Average DrawdownAverage peak-to-trough decline | -61.94% | -25.89% | -36.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 27.39% | — |
Volatility
AVXX vs. DLLL - Volatility Comparison
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Volatility by Period
| AVXX | DLLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 69.62% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 102.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 153.76% | 129.16% | +24.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 153.76% | 130.36% | +23.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 153.76% | 130.36% | +23.40% |
AVXX vs. DLLL - Expense Ratio Comparison
AVXX has a 1.31% expense ratio, which is lower than DLLL's 1.50% expense ratio.
Dividends
AVXX vs. DLLL - Dividend Comparison
AVXX's dividend yield for the trailing twelve months is around 0.75%, while DLLL has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
AVXX Defiance Daily Target 2X Long AVAV ETF | 0.75% | 0.36% |
DLLL GraniteShares 2x Long DELL Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
AVXX and DLLL have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AVXX is cheaper at 1.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AVXX is cheaper with a 1.31% expense ratio, compared with 1.50% for DLLL.
AVXX has the higher dividend yield at 0.75%, compared with 0.00% for DLLL.
They also come from different issuers: Defiance ETFs and GraniteShares. Their fees differ too: 1.31% for AVXX and 1.50% for DLLL.
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