DLLL vs. IBID

Last updated Jun 4, 2026

DLLL (GraniteShares 2x Long DELL Daily ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - DLLL is a Leveraged Equities fund tracking the Dell Technologies Inc. (DELL), while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, DLLL returned 850.63% vs 4.83% for IBID. At a correlation of -0.18, they often move in opposite directions. DLLL charges 1.50%/yr vs 0.10%/yr for IBID.

Performance

DLLL vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long DELL Daily ETF (DLLL) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DLLL achieves a 757.76% return, which is significantly higher than IBID's 2.46% return.

DLLL

• 1D: -6.45%
• 1M: 245.92%
• YTD: 757.76%
• 6M: 648.38%
• 1Y: 850.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBID

• 1D: 0.08%
• 1M: 0.49%
• YTD: 2.46%
• 6M: 2.57%
• 1Y: 4.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DLLL vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025
DLLL GraniteShares 2x Long DELL Daily ETF	757.76%	-3.72%
IBID iShares iBonds Oct 2027 Term TIPS ETF	2.46%	4.51%

Correlation

The correlation between DLLL and IBID is -0.10, 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	-0.10
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	-0.18

Return for Risk

DLLL vs. IBID — 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: 99
DLLL Sortino Ratio Rank: 94
DLLL Omega Ratio Rank: 91
DLLL Calmar Ratio Rank: 98
DLLL Martin Ratio Rank: 95

IBID

IBID Risk / Return Rank: 97
IBID Sharpe Ratio Rank: 95
IBID Sortino Ratio Rank: 97
IBID Omega Ratio Rank: 97
IBID Calmar Ratio Rank: 98
IBID Martin Ratio Rank: 96

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. IBID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long DELL Daily ETF (DLLL) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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	IBID	Difference
Sharpe ratio: Return per unit of total volatility	6.65	3.91	+2.74
Sortino ratio: Return per unit of downside risk	4.81	6.75	-1.94
Omega ratio: Gain probability vs. loss probability	1.60	1.94	-0.34
Calmar ratio: Return relative to maximum drawdown	15.02	13.33	+1.70
Martin ratio: Return relative to average drawdown	31.34	39.52	-8.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DLLL vs. IBID - Sharpe Ratio Comparison

The current DLLL Sharpe Ratio is 6.65, which is higher than the IBID Sharpe Ratio of 3.91. The chart below compares the historical Sharpe Ratios of DLLL and IBID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DLLL	IBID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.65	3.91	+2.74
Sharpe Ratio (All Time) Calculated using the full available price history	3.16	2.56	+0.60

Drawdowns

DLLL vs. IBID - Drawdown Comparison

The maximum DLLL drawdown since its inception was -68.58%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for DLLL and IBID.

Drawdown Indicators

	DLLL	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-68.58%	-1.28%	-67.30%
Max Drawdown (1Y) Largest decline over 1 year	-57.19%	-0.36%	-56.83%
Current Drawdown Current decline from peak	-18.86%	0.00%	-18.86%
Average Drawdown Average peak-to-trough decline	-25.91%	-0.22%	-25.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.36%	0.12%	+27.24%

Volatility

DLLL vs. IBID - Volatility Comparison

GraniteShares 2x Long DELL Daily ETF (DLLL) has a higher volatility of 69.39% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.32%. This indicates that DLLL's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLLL	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	69.39%	0.32%	+69.07%
Volatility (6M) Calculated over the trailing 6-month period	102.08%	0.80%	+101.28%
Volatility (1Y) Calculated over the trailing 1-year period	129.28%	1.25%	+128.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	130.55%	2.25%	+128.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	130.55%	2.25%	+128.30%

DLLL vs. IBID - Expense Ratio Comparison

DLLL has a 1.50% expense ratio, which is higher than IBID's 0.10% expense ratio.

Dividends

DLLL vs. IBID - Dividend Comparison

DLLL has not paid dividends to shareholders, while IBID's dividend yield for the trailing twelve months is around 3.66%.

Position	TTM	2025	2024	2023
DLLL GraniteShares 2x Long DELL Daily ETF	0.00%	0.00%	0.00%	0.00%
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.66%	4.43%	4.24%	0.81%

Frequently Asked Questions

Can I hold both DLLL and IBID in my portfolio?

DLLL and IBID have a correlation of -0.10, 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 IBID?

DLLL has higher volatility (69.39%) compared to IBID (0.32%). In terms of maximum drawdown, DLLL dropped -68.58% vs IBID's -1.28%.

Which ETF is better, DLLL or IBID?

On 1-year performance, DLLL leads with 850.63% vs 4.83% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DLLL or IBID?

Over the 1-year period, DLLL has performed better with a 850.63% return vs 4.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DLLL or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 1.50% for DLLL.

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

IBID has the higher dividend yield at 3.66%, compared with 0.00% for DLLL.

What is the main difference between DLLL and IBID?

DLLL is categorized as Leveraged Equities, while IBID is Inflation-Protected Bonds. DLLL tracks Dell Technologies Inc. (DELL), while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.50% for DLLL and 0.10% for IBID.

Which has better risk-adjusted returns?

DLLL currently has the higher Sharpe Ratio (6.65 vs 3.91), 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.