DLLL vs. INTW

Last updated Jun 4, 2026

DLLL (GraniteShares 2x Long DELL Daily ETF) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds from GraniteShares. DLLL is passively managed, while INTW is actively managed. Over the past year, DLLL returned 850.63% vs 1617.48% for INTW. At a 0.31 correlation, their price movements are largely independent. Both charge a 1.50% expense ratio.

Performance

DLLL vs. INTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long DELL Daily ETF (DLLL) and GraniteShares 2x Long INTC Daily ETF (INTW). 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 INTW's 562.71% return.

DLLL

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

INTW

• 1D: 8.89%
• 1M: 29.41%
• YTD: 562.71%
• 6M: 361.23%
• 1Y: 1,617.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DLLL vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
DLLL GraniteShares 2x Long DELL Daily ETF	757.76%	-3.72%
INTW GraniteShares 2x Long INTC Daily ETF	562.71%	50.41%

Correlation

The correlation between DLLL and INTW is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	0.31

DLLL vs. INTW - Sectors Allocation Comparison

Sectors	DLLL	INTW
Technology	66.7%	66.7%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

DLLL vs. INTW — 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

INTW

INTW Risk / Return Rank: 97
INTW Sharpe Ratio Rank: 99
INTW Sortino Ratio Rank: 95
INTW Omega Ratio Rank: 93
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 98

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. INTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long DELL Daily ETF (DLLL) and GraniteShares 2x Long INTC Daily ETF (INTW). 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	INTW	Difference
Sharpe ratio: Return per unit of total volatility	6.65	11.42	-4.77
Sortino ratio: Return per unit of downside risk	4.81	5.09	-0.28
Omega ratio: Gain probability vs. loss probability	1.60	1.64	-0.04
Calmar ratio: Return relative to maximum drawdown	15.02	33.18	-18.15
Martin ratio: Return relative to average drawdown	31.34	77.63	-46.29
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. INTW - Sharpe Ratio Comparison

The current DLLL Sharpe Ratio is 6.65, which is lower than the INTW Sharpe Ratio of 11.42. The chart below compares the historical Sharpe Ratios of DLLL and INTW, 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	INTW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.65	11.42	-4.77
Sharpe Ratio (All Time) Calculated using the full available price history	3.16	3.39	-0.23

Drawdowns

DLLL vs. INTW - Drawdown Comparison

The maximum DLLL drawdown since its inception was -68.58%, which is greater than INTW's maximum drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for DLLL and INTW.

Drawdown Indicators

	DLLL	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-68.58%	-60.58%	-8.00%
Max Drawdown (1Y) Largest decline over 1 year	-57.19%	-49.34%	-7.85%
Current Drawdown Current decline from peak	-18.86%	-26.69%	+7.83%
Average Drawdown Average peak-to-trough decline	-25.91%	-30.07%	+4.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.36%	21.05%	+6.31%

Volatility

DLLL vs. INTW - Volatility Comparison

GraniteShares 2x Long DELL Daily ETF (DLLL) has a higher volatility of 69.39% compared to GraniteShares 2x Long INTC Daily ETF (INTW) at 48.71%. This indicates that DLLL's price experiences larger fluctuations and is considered to be riskier than INTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLLL	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	69.39%	48.71%	+20.68%
Volatility (6M) Calculated over the trailing 6-month period	102.08%	111.40%	-9.32%
Volatility (1Y) Calculated over the trailing 1-year period	129.28%	143.36%	-14.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	130.55%	145.22%	-14.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	130.55%	145.22%	-14.67%

DLLL vs. INTW - Expense Ratio Comparison

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

Dividends

DLLL vs. INTW - Dividend Comparison

Neither DLLL nor INTW has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DLLL and INTW in my portfolio?

DLLL and INTW have a correlation of 0.27, 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 INTW?

DLLL has higher volatility (69.39%) compared to INTW (48.71%). In terms of maximum drawdown, DLLL dropped -68.58% vs INTW's -60.58%.

Which ETF is better, DLLL or INTW?

On 1-year performance, INTW leads with 1617.48% vs 850.63% for DLLL. Both ETFs have the same 1.50% expense ratio. On volatility, INTW has been the lower-risk option at 48.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DLLL or INTW?

Over the 1-year period, INTW has performed better with a 1617.48% return vs 850.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DLLL or INTW?

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

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

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

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (11.42 vs 6.65), 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.