CEGX vs. DLLL

Last updated Jul 17, 2026

CEGX (Tradr 2X Long CEG Daily ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds. CEGX is actively managed, while DLLL is passively managed. Over the past year, CEGX returned -50.84% vs 540.38% for DLLL. At a 0.28 correlation, their price movements are largely independent. CEGX charges 1.30%/yr vs 1.50%/yr for DLLL.

Performance

CEGX vs. DLLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long CEG Daily ETF (CEGX) and GraniteShares 2x Long DELL Daily ETF (DLLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CEGX achieves a -57.70% return, which is significantly lower than DLLL's 589.77% return.

CEGX

• 1D: -4.90%
• 1M: -13.33%
• 6M: -53.77%
• YTD: -57.70%
• 1Y: -50.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DLLL

• 1D: -10.21%
• 1M: -10.70%
• 6M: 667.04%
• YTD: 589.77%
• 1Y: 540.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CEGX vs. DLLL - Yearly Performance Comparison

	2026 (YTD)	2025
CEGX Tradr 2X Long CEG Daily ETF	-57.70%	13.33%
DLLL GraniteShares 2x Long DELL Daily ETF	589.77%	-13.30%

Correlation

The correlation between CEGX and DLLL is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.28

Return for Risk

CEGX vs. DLLL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CEGX

CEGX Risk / Return Rank: 5
CEGX Sharpe Ratio Rank: 5
CEGX Sortino Ratio Rank: 6
CEGX Omega Ratio Rank: 6
CEGX Calmar Ratio Rank: 4
CEGX Martin Ratio Rank: 4

DLLL

DLLL Risk / Return Rank: 94
DLLL Sharpe Ratio Rank: 98
DLLL Sortino Ratio Rank: 93
DLLL Omega Ratio Rank: 90
DLLL Calmar Ratio Rank: 98
DLLL Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CEGX vs. DLLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long CEG Daily ETF (CEGX) 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.

	CEGX	DLLL	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	4.00	-4.54
Sortino ratio: Return per unit of downside risk	-0.40	3.79	-4.19
Omega ratio: Gain probability vs. loss probability	0.95	1.46	-0.51
Calmar ratio: Return relative to maximum drawdown	-0.70	9.53	-10.23
Martin ratio: Return relative to average drawdown	-1.17	19.00	-20.17

CEGX vs. DLLL - Sharpe Ratio Comparison

The current CEGX Sharpe Ratio is -0.55, which is lower than the DLLL Sharpe Ratio of 4.00. The chart below compares the historical Sharpe Ratios of CEGX and DLLL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CEGX vs. DLLL - Drawdown Comparison

The maximum CEGX drawdown since its inception was -72.88%, which is greater than DLLL's maximum drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for CEGX and DLLL.

Drawdown Indicators

	CEGX	DLLL	Difference
Max Drawdown Largest peak-to-trough decline	-72.88%	-68.58%	-4.30%
Max Drawdown (1Y) Largest decline over 1 year	-72.88%	-57.19%	-15.69%
Current Drawdown Current decline from peak	-69.59%	-34.75%	-34.84%
Average Drawdown Average peak-to-trough decline	-37.04%	-25.70%	-11.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.33%	28.64%	+14.69%

Volatility

CEGX vs. DLLL - Volatility Comparison

The current volatility for Tradr 2X Long CEG Daily ETF (CEGX) is 20.97%, while GraniteShares 2x Long DELL Daily ETF (DLLL) has a volatility of 43.56%. This indicates that CEGX experiences smaller price fluctuations and is considered to be less risky than DLLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEGX	DLLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.97%	43.56%	-22.59%
Volatility (6M) Calculated over the trailing 6-month period	71.18%	110.12%	-38.94%
Volatility (1Y) Calculated over the trailing 1-year period	93.60%	136.53%	-42.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.42%	131.16%	-37.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.42%	131.16%	-37.74%

CEGX vs. DLLL - Expense Ratio Comparison

CEGX has a 1.30% expense ratio, which is lower than DLLL's 1.50% expense ratio.

Dividends

CEGX vs. DLLL - Dividend Comparison

Neither CEGX nor DLLL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CEGX and DLLL in my portfolio?

CEGX and DLLL have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CEGX or DLLL?

DLLL has higher volatility (43.56%) compared to CEGX (20.97%). In terms of maximum drawdown, CEGX dropped -72.88% vs DLLL's -68.58%.

Which ETF is better, CEGX or DLLL?

On 1-year performance, DLLL leads with 540.38% vs -50.84% for CEGX. On fees, CEGX is cheaper at 1.30% per year. On volatility, CEGX has been the lower-risk option at 20.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CEGX or DLLL?

Over the 1-year period, DLLL has performed better with a 540.38% return vs -50.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CEGX or DLLL?

CEGX is cheaper with a 1.30% expense ratio, compared with 1.50% for DLLL.

Which ETF pays a higher dividend yield, CEGX or DLLL?

CEGX and DLLL have nearly identical dividend yields, around 0.00%.

What is the main difference between CEGX and DLLL?

They also come from different issuers: Tradr and GraniteShares. Their fees differ too: 1.30% for CEGX and 1.50% for DLLL.

Which has better risk-adjusted returns?

DLLL currently has the higher Sharpe Ratio (4.00 vs -0.55), 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.