CONX vs. DLLL
CONX (Direxion Daily COIN Bull 2X ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds. CONX is actively managed, while DLLL is passively managed. At a 0.30 correlation, their price movements are largely independent. CONX charges 0.97%/yr vs 1.50%/yr for DLLL.
Performance
CONX vs. DLLL - Performance Comparison
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Returns By Period
In the year-to-date period, CONX achieves a -61.79% return, which is significantly lower than DLLL's 757.76% return.
CONX
- 1D
- -12.34%
- 1M
- -38.44%
- YTD
- -61.79%
- 6M
- -75.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DLLL
- 1D
- -6.45%
- 1M
- 245.92%
- YTD
- 757.76%
- 6M
- 648.38%
- 1Y
- 850.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CONX vs. DLLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CONX Direxion Daily COIN Bull 2X ETF | -61.79% | -26.29% |
DLLL GraniteShares 2x Long DELL Daily ETF | 757.76% | 7.76% |
Correlation
The correlation between CONX and DLLL is 0.30, 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 Nov 20, 2025 | 0.30 |
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Return for Risk
CONX vs. DLLL — Risk / Return Rank
CONX
DLLL
CONX vs. DLLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily COIN Bull 2X ETF (CONX) 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
| CONX | DLLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 6.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.62 | 3.16 | -3.78 |
Drawdowns
CONX vs. DLLL - Drawdown Comparison
The maximum CONX drawdown since its inception was -76.90%, which is greater than DLLL's maximum drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for CONX and DLLL.
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Drawdown Indicators
| CONX | DLLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.90% | -68.58% | -8.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -57.19% | — |
Current DrawdownCurrent decline from peak | -75.11% | -18.86% | -56.25% |
Average DrawdownAverage peak-to-trough decline | -48.87% | -25.91% | -22.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 27.36% | — |
Volatility
CONX vs. DLLL - Volatility Comparison
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Volatility by Period
| CONX | DLLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 69.39% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 102.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 146.14% | 129.28% | +16.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 146.14% | 130.55% | +15.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 146.14% | 130.55% | +15.59% |
CONX vs. DLLL - Expense Ratio Comparison
CONX has a 0.97% expense ratio, which is lower than DLLL's 1.50% expense ratio.
Dividends
CONX vs. DLLL - Dividend Comparison
CONX's dividend yield for the trailing twelve months is around 2.12%, while DLLL has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
CONX Direxion Daily COIN Bull 2X ETF | 2.12% | 0.42% |
DLLL GraniteShares 2x Long DELL Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
CONX and DLLL have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CONX is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CONX is cheaper with a 0.97% expense ratio, compared with 1.50% for DLLL.
CONX has the higher dividend yield at 2.12%, compared with 0.00% for DLLL.
They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 0.97% for CONX and 1.50% for DLLL.
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