DLLL vs. DBE
DLLL (GraniteShares 2x Long DELL Daily ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - DLLL is a Leveraged Equities fund tracking the Dell Technologies Inc. (DELL), while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past year, DLLL returned 850.63% vs 84.41% for DBE. At a correlation of -0.01, they often move in opposite directions. DLLL charges 1.50%/yr vs 0.78%/yr for DBE.
Performance
DLLL vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, DLLL achieves a 757.76% return, which is significantly higher than DBE's 83.68% return.
DLLL
- 1D
- -6.45%
- 1M
- 245.92%
- YTD
- 757.76%
- 6M
- 648.38%
- 1Y
- 850.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- 2.33%
- 1M
- -5.45%
- YTD
- 83.68%
- 6M
- 74.95%
- 1Y
- 84.41%
- 3Y*
- 23.42%
- 5Y*
- 19.66%
- 10Y*
- 12.03%
DLLL vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DLLL GraniteShares 2x Long DELL Daily ETF | 757.76% | -3.72% |
DBE Invesco DB Energy Fund | 83.68% | -5.97% |
Correlation
The correlation between DLLL and DBE is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | -0.01 |
The correlation between DLLL and DBE shifts across timeframes, from -0.12 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DLLL vs. DBE — Risk / Return Rank
DLLL
DBE
DLLL vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long DELL Daily ETF (DLLL) and Invesco DB Energy Fund (DBE). 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.
| DLLL | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.40 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 15.02 | 5.89 | +9.13 |
| Martin ratioReturn relative to average drawdown | 31.34 | 11.53 | +19.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DLLL | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.65 | 2.43 | +4.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.16 | 0.09 | +3.06 |
Drawdowns
DLLL vs. DBE - Drawdown Comparison
The maximum DLLL drawdown since its inception was -68.58%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for DLLL and DBE.
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Drawdown Indicators
| DLLL | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.58% | -86.69% | +18.11% |
Max Drawdown (1Y)Largest decline over 1 year | -57.19% | -14.41% | -42.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -18.86% | -30.27% | +11.41% |
Average DrawdownAverage peak-to-trough decline | -25.91% | -57.31% | +31.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.36% | 7.35% | +20.01% |
Volatility
DLLL vs. DBE - Volatility Comparison
GraniteShares 2x Long DELL Daily ETF (DLLL) has a higher volatility of 69.39% compared to Invesco DB Energy Fund (DBE) at 12.95%. This indicates that DLLL's price experiences larger fluctuations and is considered to be riskier than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLLL | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 69.39% | 12.95% | +56.44% |
Volatility (6M)Calculated over the trailing 6-month period | 102.08% | 30.86% | +71.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 129.28% | 34.97% | +94.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 130.55% | 29.39% | +101.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 130.55% | 28.33% | +102.22% |
DLLL vs. DBE - Expense Ratio Comparison
DLLL has a 1.50% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
DLLL vs. DBE - Dividend Comparison
DLLL has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
DLLL GraniteShares 2x Long DELL Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DLLL and DBE have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLLL has higher volatility (69.39%) compared to DBE (12.95%). In terms of maximum drawdown, DLLL dropped -68.58% vs DBE's -86.69%.
On 1-year performance, DLLL leads with 850.63% vs 84.41% for DBE. On fees, DBE is cheaper at 0.78% per year. On volatility, DBE has been the lower-risk option at 12.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DLLL has performed better with a 850.63% return vs 84.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 1.50% for DLLL.
DBE has the higher dividend yield at 2.10%, compared with 0.00% for DLLL.
DLLL is categorized as Leveraged Equities, while DBE is Oil & Gas. DLLL tracks Dell Technologies Inc. (DELL), while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: GraniteShares and Invesco. Their fees differ too: 1.50% for DLLL and 0.78% for DBE.
DLLL currently has the higher Sharpe Ratio (6.65 vs 2.43), 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.
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