CRWU vs. DLLL

Last updated Jul 11, 2026

CRWU (T-REX 2X Long CRWV Daily Target ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds. CRWU is actively managed, while DLLL is passively managed. At a 0.37 correlation, their price movements are largely independent. Both charge a 1.50% expense ratio.

Performance

CRWU vs. DLLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long CRWV Daily Target ETF (CRWU) 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, CRWU achieves a -7.75% return, which is significantly lower than DLLL's 770.75% return.

CRWU

• 1D: -2.11%
• 1M: -27.16%
• 6M: -25.28%
• YTD: -7.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DLLL

• 1D: -6.93%
• 1M: 19.14%
• 6M: 855.33%
• YTD: 770.75%
• 1Y: 664.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRWU vs. DLLL - Yearly Performance Comparison

	2026 (YTD)	2025
CRWU T-REX 2X Long CRWV Daily Target ETF	-7.75%	-77.60%
DLLL GraniteShares 2x Long DELL Daily ETF	770.75%	-14.23%

Correlation

The correlation between CRWU and DLLL is 0.37, 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 Jul 25, 2025	0.37

Return for Risk

CRWU vs. DLLL — Risk / Return Rank

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

CRWU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DLLL

DLLL Risk / Return Rank: 96
DLLL Sharpe Ratio Rank: 98
DLLL Sortino Ratio Rank: 95
DLLL Omega Ratio Rank: 93
DLLL Calmar Ratio Rank: 98
DLLL Martin Ratio Rank: 95

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.

CRWU vs. DLLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long CRWV Daily Target ETF (CRWU) 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.

	CRWU	DLLL	Difference
Sharpe ratio: Return per unit of total volatility	—	4.94	—
Sortino ratio: Return per unit of downside risk	—	4.18	—
Omega ratio: Gain probability vs. loss probability	—	1.51	—
Calmar ratio: Return relative to maximum drawdown	—	11.56	—
Martin ratio: Return relative to average drawdown	—	23.17	—

Drawdowns

CRWU vs. DLLL - Drawdown Comparison

The maximum CRWU drawdown since its inception was -89.37%, which is greater than DLLL's maximum drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for CRWU and DLLL.

Drawdown Indicators

	CRWU	DLLL	Difference
Max Drawdown Largest peak-to-trough decline	-89.37%	-68.58%	-20.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-57.19%	—
Current Drawdown Current decline from peak	-86.23%	-17.63%	-68.60%
Average Drawdown Average peak-to-trough decline	-67.04%	-25.73%	-41.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.47%	—

Volatility

Volatility by Period

	CRWU	DLLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	35.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	106.17%	—
Volatility (1Y) Calculated over the trailing 1-year period	189.23%	133.77%	+55.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	189.23%	129.85%	+59.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	189.23%	129.85%	+59.38%

CRWU vs. DLLL - Expense Ratio Comparison

Both CRWU and DLLL have an expense ratio of 1.50%.

Dividends

CRWU vs. DLLL - Dividend Comparison

CRWU's dividend yield for the trailing twelve months is around 9.23%, while DLLL has not paid dividends to shareholders.

Position	TTM	2025
CRWU T-REX 2X Long CRWV Daily Target ETF	9.23%	8.51%
DLLL GraniteShares 2x Long DELL Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CRWU and DLLL in my portfolio?

CRWU and DLLL have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CRWU or DLLL?

Both ETFs have the same 1.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CRWU or DLLL?

CRWU and DLLL have the same expense ratio: 1.50% per year.

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

CRWU has the higher dividend yield at 9.23%, compared with 0.00% for DLLL.

What is the main difference between CRWU and DLLL?

They also come from different issuers: T-Rex and GraniteShares.