DLLL vs. NOWL
DLLL (GraniteShares 2x Long DELL Daily ETF) and NOWL (GraniteShares 2x Long NOW Daily ETF) are both Leveraged Equities funds from GraniteShares. DLLL is passively managed, while NOWL is actively managed. At a 0.10 correlation, their price movements are largely independent. Both charge a 1.50% expense ratio.
Performance
DLLL vs. NOWL - Performance Comparison
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Returns By Period
In the year-to-date period, DLLL achieves a 738.32% return, which is significantly higher than NOWL's -62.15% return.
DLLL
- 1D
- -3.72%
- 1M
- 12.43%
- 6M
- 819.94%
- YTD
- 738.32%
- 1Y
- 636.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NOWL
- 1D
- 6.48%
- 1M
- 14.11%
- 6M
- -56.11%
- YTD
- -62.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DLLL vs. NOWL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DLLL GraniteShares 2x Long DELL Daily ETF | 738.32% | -10.56% |
NOWL GraniteShares 2x Long NOW Daily ETF | -62.15% | -43.64% |
Correlation
The correlation between DLLL and NOWL is 0.10, 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 Jul 15, 2025 | 0.10 |
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Return for Risk
DLLL vs. NOWL — Risk / Return Rank
DLLL
NOWL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DLLL vs. NOWL - 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 NOW Daily ETF (NOWL). 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 | NOWL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.50 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 11.22 | — | — |
| Martin ratioReturn relative to average drawdown | 22.48 | — | — |
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Drawdowns
DLLL vs. NOWL - Drawdown Comparison
The maximum DLLL drawdown since its inception was -68.58%, smaller than the maximum NOWL drawdown of -86.64%. Use the drawdown chart below to compare losses from any high point for DLLL and NOWL.
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Drawdown Indicators
| DLLL | NOWL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.58% | -86.64% | +18.06% |
Max Drawdown (1Y)Largest decline over 1 year | -57.19% | — | — |
Current DrawdownCurrent decline from peak | -20.70% | -79.83% | +59.13% |
Average DrawdownAverage peak-to-trough decline | -25.71% | -50.94% | +25.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.50% | — | — |
Volatility
DLLL vs. NOWL - Volatility Comparison
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Volatility by Period
| DLLL | NOWL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.23% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 106.21% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 134.10% | 104.54% | +29.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 129.72% | 104.54% | +25.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 129.72% | 104.54% | +25.18% |
DLLL vs. NOWL - Expense Ratio Comparison
Both DLLL and NOWL have an expense ratio of 1.50%.
Dividends
DLLL vs. NOWL - Dividend Comparison
Neither DLLL nor NOWL has paid dividends to shareholders.
Frequently Asked Questions
DLLL and NOWL 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.
Both ETFs have the same 1.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DLLL and NOWL have the same expense ratio: 1.50% per year.
DLLL and NOWL have nearly identical dividend yields, around 0.00%.
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