DLLL vs. ADBG

Last updated Jun 23, 2026

DLLL (GraniteShares 2x Long DELL Daily ETF) and ADBG (Leverage Shares 2X Long ADBE Daily ETF) are both Leveraged Equities funds. DLLL is passively managed, while ADBG is actively managed. Over the past year, DLLL returned 711.11% vs -79.49% for ADBG. At a 0.14 correlation, their price movements are largely independent. DLLL charges 1.50%/yr vs 0.75%/yr for ADBG.

Performance

DLLL vs. ADBG - Performance Comparison

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

Returns By Period

In the year-to-date period, DLLL achieves a 727.68% return, which is significantly higher than ADBG's -73.48% return.

DLLL

• 1D: 4.40%
• 1M: 81.72%
• YTD: 727.68%
• 6M: 718.40%
• 1Y: 711.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ADBG

• 1D: -0.73%
• 1M: -39.24%
• YTD: -73.48%
• 6M: -74.65%
• 1Y: -79.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DLLL vs. ADBG - Yearly Performance Comparison

	2026 (YTD)	2025
DLLL GraniteShares 2x Long DELL Daily ETF	727.68%	24.75%
ADBG Leverage Shares 2X Long ADBE Daily ETF	-73.48%	-29.61%

Correlation

The correlation between DLLL and ADBG is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	0.15

Return for Risk

DLLL vs. ADBG — Risk / Return Rank

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

DLLL

DLLL Risk / Return Rank: 95
DLLL Sharpe Ratio Rank: 98
DLLL Sortino Ratio Rank: 93
DLLL Omega Ratio Rank: 89
DLLL Calmar Ratio Rank: 98
DLLL Martin Ratio Rank: 94

ADBG

ADBG Risk / Return Rank: 0
ADBG Sharpe Ratio Rank: 1
ADBG Sortino Ratio Rank: 0
ADBG Omega Ratio Rank: 0
ADBG Calmar Ratio Rank: 1
ADBG Martin Ratio Rank: 0

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.

DLLL vs. ADBG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long DELL Daily ETF (DLLL) and Leverage Shares 2X Long ADBE Daily ETF (ADBG). 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.

	DLLL	ADBG	Difference
Sharpe ratio: Return per unit of total volatility	5.48	-1.15	+6.63
Sortino ratio: Return per unit of downside risk	4.44	-2.44	+6.88
Omega ratio: Gain probability vs. loss probability	1.55	0.71	+0.83
Calmar ratio: Return relative to maximum drawdown	12.55	-0.98	+13.54
Martin ratio: Return relative to average drawdown	25.57	-1.70	+27.27

DLLL vs. ADBG - Sharpe Ratio Comparison

The current DLLL Sharpe Ratio is 5.48, which is higher than the ADBG Sharpe Ratio of -1.15. The chart below compares the historical Sharpe Ratios of DLLL and ADBG, 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

DLLL vs. ADBG - Drawdown Comparison

The maximum DLLL drawdown since its inception was -68.58%, smaller than the maximum ADBG drawdown of -83.90%. Use the drawdown chart below to compare losses from any high point for DLLL and ADBG.

Drawdown Indicators

	DLLL	ADBG	Difference
Max Drawdown Largest peak-to-trough decline	-68.58%	-83.90%	+15.32%
Max Drawdown (1Y) Largest decline over 1 year	-57.19%	-80.96%	+23.77%
Current Drawdown Current decline from peak	-21.71%	-83.90%	+62.19%
Average Drawdown Average peak-to-trough decline	-25.88%	-42.93%	+17.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.02%	46.82%	-18.80%

Volatility

DLLL vs. ADBG - Volatility Comparison

GraniteShares 2x Long DELL Daily ETF (DLLL) has a higher volatility of 66.98% compared to Leverage Shares 2X Long ADBE Daily ETF (ADBG) at 32.27%. This indicates that DLLL's price experiences larger fluctuations and is considered to be riskier than ADBG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLLL	ADBG	Difference
Volatility (1M) Calculated over the trailing 1-month period	66.98%	32.27%	+34.71%
Volatility (6M) Calculated over the trailing 6-month period	103.02%	59.17%	+43.85%
Volatility (1Y) Calculated over the trailing 1-year period	131.23%	69.28%	+61.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	129.83%	68.78%	+61.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	129.83%	68.78%	+61.05%

DLLL vs. ADBG - Expense Ratio Comparison

DLLL has a 1.50% expense ratio, which is higher than ADBG's 0.75% expense ratio.

Dividends

DLLL vs. ADBG - Dividend Comparison

Neither DLLL nor ADBG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DLLL and ADBG in my portfolio?

DLLL and ADBG have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DLLL or ADBG?

DLLL has higher volatility (66.98%) compared to ADBG (32.27%). In terms of maximum drawdown, DLLL dropped -68.58% vs ADBG's -83.90%.

Which ETF is better, DLLL or ADBG?

On 1-year performance, DLLL leads with 711.11% vs -79.49% for ADBG. On fees, ADBG is cheaper at 0.75% per year. On volatility, ADBG has been the lower-risk option at 32.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DLLL or ADBG?

Over the 1-year period, DLLL has performed better with a 711.11% return vs -79.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DLLL or ADBG?

ADBG is cheaper with a 0.75% expense ratio, compared with 1.50% for DLLL.

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

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

What is the main difference between DLLL and ADBG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for DLLL and 0.75% for ADBG.

Which has better risk-adjusted returns?

DLLL currently has the higher Sharpe Ratio (5.48 vs -1.15), 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.