CRCA vs. DLLL
CRCA (ProShares Ultra CRCL) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds. CRCA is actively managed, while DLLL is passively managed. At a 0.26 correlation, their price movements are largely independent. CRCA charges 0.95%/yr vs 1.50%/yr for DLLL.
Performance
CRCA vs. DLLL - Performance Comparison
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Returns By Period
In the year-to-date period, CRCA achieves a -50.19% return, which is significantly lower than DLLL's 762.51% return.
CRCA
- 1D
- -10.71%
- 1M
- -58.97%
- YTD
- -50.19%
- 6M
- -54.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DLLL
- 1D
- 4.21%
- 1M
- 89.37%
- YTD
- 762.51%
- 6M
- 738.64%
- 1Y
- 765.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRCA vs. DLLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCA ProShares Ultra CRCL | -50.19% | -84.67% |
DLLL GraniteShares 2x Long DELL Daily ETF | 762.51% | -13.52% |
Correlation
The correlation between CRCA and DLLL is 0.26, 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 Aug 7, 2025 | 0.26 |
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Return for Risk
CRCA vs. DLLL — Risk / Return Rank
CRCA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DLLL
CRCA vs. DLLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra CRCL (CRCA) 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.
| CRCA | DLLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.56 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 13.52 | — |
| Martin ratioReturn relative to average drawdown | — | 27.52 | — |
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Drawdowns
CRCA vs. DLLL - Drawdown Comparison
The maximum CRCA drawdown since its inception was -94.31%, which is greater than DLLL's maximum drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for CRCA and DLLL.
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Drawdown Indicators
| CRCA | DLLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.31% | -68.58% | -25.73% |
Max Drawdown (1Y)Largest decline over 1 year | — | -57.19% | — |
Current DrawdownCurrent decline from peak | -92.37% | -18.41% | -73.96% |
Average DrawdownAverage peak-to-trough decline | -71.73% | -25.86% | -45.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 28.05% | — |
Volatility
CRCA vs. DLLL - Volatility Comparison
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Volatility by Period
| CRCA | DLLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 66.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 102.56% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 194.67% | 131.00% | +63.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 194.67% | 129.67% | +65.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 194.67% | 129.67% | +65.00% |
CRCA vs. DLLL - Expense Ratio Comparison
CRCA has a 0.95% expense ratio, which is lower than DLLL's 1.50% expense ratio.
Dividends
CRCA vs. DLLL - Dividend Comparison
CRCA's dividend yield for the trailing twelve months is around 3.48%, while DLLL has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
CRCA ProShares Ultra CRCL | 3.48% | 1.06% |
DLLL GraniteShares 2x Long DELL Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
CRCA 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.
On fees, CRCA is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CRCA is cheaper with a 0.95% expense ratio, compared with 1.50% for DLLL.
CRCA has the higher dividend yield at 3.48%, compared with 0.00% for DLLL.
They also come from different issuers: ProShares and GraniteShares. Their fees differ too: 0.95% for CRCA and 1.50% for DLLL.
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