CRWU vs. DLLL

Last updated Aug 1, 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. Over the past year, CRWU returned -83.81% vs 526.11% for DLLL. Their 0.40 correlation means their historical movements had little consistent relationship. 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 -45.03% return, which is significantly lower than DLLL's 615.57% return.

CRWU

• 1D: -5.95%
• 1M: -30.53%
• 6M: -65.39%
• YTD: -45.03%
• 1Y: -83.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -87.28%

DLLL

• 1D: 0.15%
• 1M: -0.53%
• 6M: 775.99%
• YTD: 615.57%
• 1Y: 526.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 275.30%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CRWU T-REX 2X Long CRWV Daily Target ETF	$23.19M	$20.12M	$19.78M
DLLL GraniteShares 2x Long DELL Daily ETF	$23.39M	$34.88M	$51.04M

CRWU vs. DLLL - Yearly Performance Comparison

	2026 (YTD)	2025
CRWU T-REX 2X Long CRWV Daily Target ETF	-45.03%	-77.60%
DLLL GraniteShares 2x Long DELL Daily ETF	615.57%	-14.23%

Correlation

The correlation between CRWU and DLLL is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.40

Return for Risk

CRWU vs. DLLL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CRWU

CRWU Risk / Return Rank: 5
CRWU Sharpe Ratio Rank: 6
CRWU Sortino Ratio Rank: 8
CRWU Omega Ratio Rank: 8
CRWU Calmar Ratio Rank: 1
CRWU Martin Ratio Rank: 3

DLLL

DLLL Risk / Return Rank: 94
DLLL Sharpe Ratio Rank: 97
DLLL Sortino Ratio Rank: 93
DLLL Omega Ratio Rank: 91
DLLL Calmar Ratio Rank: 97
DLLL Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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	-0.45	3.40	-3.85
Sortino ratio: Return per unit of downside risk	-0.11	3.57	-3.68
Omega ratio: Gain probability vs. loss probability	0.99	1.43	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.92	8.37	-9.29
Martin ratio: Return relative to average drawdown	-1.20	16.29	-17.49

CRWU vs. DLLL - Sharpe Ratio Comparison

The current CRWU Sharpe Ratio is -0.45, which is lower than the DLLL Sharpe Ratio of 3.40. The chart below compares the historical Sharpe Ratios of CRWU 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

CRWU vs. DLLL - Drawdown Comparison

The maximum CRWU drawdown since its inception was -93.88%, which is greater than DLLL's maximum drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for CRWU and DLLL.

Drawdown Indicators

	CRWU	DLLL	Difference
Max Drawdown Largest peak-to-trough decline	-93.88%	-68.58%	-25.30%
Max Drawdown (1Y) Largest decline over 1 year	-93.88%	-57.19%	-36.69%
Current Drawdown Current decline from peak	-91.79%	-32.31%	-59.48%
Average Drawdown Average peak-to-trough decline	-68.42%	-25.81%	-42.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	72.23%	29.32%	+42.91%

Volatility

CRWU vs. DLLL - Volatility Comparison

T-REX 2X Long CRWV Daily Target ETF (CRWU) has a higher volatility of 62.12% compared to GraniteShares 2x Long DELL Daily ETF (DLLL) at 52.08%. This indicates that CRWU's price experiences larger fluctuations and is considered to be riskier than DLLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRWU	DLLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	62.12%	52.08%	+10.04%
Volatility (6M) Calculated over the trailing 6-month period	138.63%	114.38%	+24.25%
Volatility (1Y) Calculated over the trailing 1-year period	194.05%	140.57%	+53.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	193.12%	132.69%	+60.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	193.12%	132.69%	+60.43%

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 15.48%, while DLLL has not paid dividends to shareholders.

Position	TTM	2025
CRWU T-REX 2X Long CRWV Daily Target ETF	15.48%	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 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRWU or DLLL?

CRWU has higher volatility (62.12%) compared to DLLL (52.08%). In terms of maximum drawdown, CRWU dropped -93.88% vs DLLL's -68.58%.

Which ETF is better, CRWU or DLLL?

On 1-year performance, DLLL leads with 526.11% vs -83.81% for CRWU. Both ETFs have the same 1.50% expense ratio. On volatility, DLLL has been the lower-risk option at 52.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRWU or DLLL?

Over the 1-year period, DLLL has performed better with a 526.11% return vs -83.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 15.48%, 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.

Which has better risk-adjusted returns?

DLLL currently has the higher Sharpe Ratio (3.40 vs -0.45), 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.