DLLL vs. NBIL

Last updated Jun 23, 2026

DLLL (GraniteShares 2x Long DELL Daily ETF) and NBIL (GraniteShares 2X Long NBIS Daily ETF) are both Leveraged Equities funds from GraniteShares. DLLL is passively managed, while NBIL is actively managed. At a 0.32 correlation, their price movements are largely independent. Both charge a 1.50% expense ratio.

Performance

DLLL vs. NBIL - 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 NBIS Daily ETF (NBIL). 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 NBIL's 579.43% return.

DLLL

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

NBIL

• 1D: -2.71%
• 1M: 61.75%
• YTD: 579.43%
• 6M: 446.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DLLL vs. NBIL - Yearly Performance Comparison

	2026 (YTD)	2025
DLLL GraniteShares 2x Long DELL Daily ETF	727.68%	-30.12%
NBIL GraniteShares 2X Long NBIS Daily ETF	579.43%	-65.28%

Correlation

The correlation between DLLL and NBIL is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 7, 2025	0.32

Return for Risk

DLLL vs. NBIL — 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

NBIL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. NBIL - 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 NBIS Daily ETF (NBIL). 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	NBIL	Difference
Sharpe ratio: Return per unit of total volatility	5.48	—	—
Sortino ratio: Return per unit of downside risk	4.44	—	—
Omega ratio: Gain probability vs. loss probability	1.55	—	—
Calmar ratio: Return relative to maximum drawdown	12.55	—	—
Martin ratio: Return relative to average drawdown	25.57	—	—

Drawdowns

DLLL vs. NBIL - Drawdown Comparison

The maximum DLLL drawdown since its inception was -68.58%, smaller than the maximum NBIL drawdown of -77.87%. Use the drawdown chart below to compare losses from any high point for DLLL and NBIL.

Drawdown Indicators

	DLLL	NBIL	Difference
Max Drawdown Largest peak-to-trough decline	-68.58%	-77.87%	+9.29%
Max Drawdown (1Y) Largest decline over 1 year	-57.19%	—	—
Current Drawdown Current decline from peak	-21.71%	-2.71%	-19.00%
Average Drawdown Average peak-to-trough decline	-25.88%	-42.91%	+17.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.02%	—	—

Volatility

Volatility by Period

	DLLL	NBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	66.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	103.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	131.23%	199.00%	-67.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	129.83%	199.00%	-69.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	129.83%	199.00%	-69.17%

DLLL vs. NBIL - Expense Ratio Comparison

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

Dividends

DLLL vs. NBIL - Dividend Comparison

Neither DLLL nor NBIL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DLLL and NBIL in my portfolio?

DLLL and NBIL have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DLLL or NBIL?

Both ETFs have the same 1.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DLLL or NBIL?

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

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

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