DLLL vs. PYPG
DLLL (GraniteShares 2x Long DELL Daily ETF) and PYPG (Leverage Shares 2X Long PYPL Daily ETF) are both Leveraged Equities funds. DLLL is passively managed, while PYPG is actively managed. Over the past year, DLLL returned 540.38% vs -56.05% for PYPG. At a 0.21 correlation, their price movements are largely independent. DLLL charges 1.50%/yr vs 0.75%/yr for PYPG.
Performance
DLLL vs. PYPG - Performance Comparison
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Returns By Period
In the year-to-date period, DLLL achieves a 589.77% return, which is significantly higher than PYPG's -23.41% return.
DLLL
- 1D
- -10.21%
- 1M
- -10.70%
- 6M
- 667.04%
- YTD
- 589.77%
- 1Y
- 540.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYPG
- 1D
- 4.02%
- 1M
- 61.13%
- 6M
- -18.36%
- YTD
- -23.41%
- 1Y
- -56.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DLLL vs. PYPG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DLLL GraniteShares 2x Long DELL Daily ETF | 589.77% | 118.90% |
PYPG Leverage Shares 2X Long PYPL Daily ETF | -23.41% | -20.19% |
Correlation
The correlation between DLLL and PYPG is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025 | 0.21 |
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Return for Risk
DLLL vs. PYPG — Risk / Return Rank
DLLL
PYPG
DLLL vs. PYPG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long DELL Daily ETF (DLLL) and Leverage Shares 2X Long PYPL Daily ETF (PYPG). 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 | PYPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.65 | ||
| Sortino ratioReturn per unit of downside risk | +4.47 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.91 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 9.53 | -0.71 | +10.24 |
| Martin ratioReturn relative to average drawdown | 19.00 | -1.00 | +19.99 |
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Drawdowns
DLLL vs. PYPG - Drawdown Comparison
The maximum DLLL drawdown since its inception was -68.58%, smaller than the maximum PYPG drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for DLLL and PYPG.
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Drawdown Indicators
| DLLL | PYPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.58% | -79.52% | +10.94% |
Max Drawdown (1Y)Largest decline over 1 year | -57.19% | -79.52% | +22.33% |
Current DrawdownCurrent decline from peak | -34.75% | -61.72% | +26.97% |
Average DrawdownAverage peak-to-trough decline | -25.70% | -41.31% | +15.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.64% | 56.30% | -27.66% |
Volatility
DLLL vs. PYPG - Volatility Comparison
GraniteShares 2x Long DELL Daily ETF (DLLL) has a higher volatility of 43.56% compared to Leverage Shares 2X Long PYPL Daily ETF (PYPG) at 34.53%. This indicates that DLLL's price experiences larger fluctuations and is considered to be riskier than PYPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLLL | PYPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 43.56% | 34.53% | +9.03% |
Volatility (6M)Calculated over the trailing 6-month period | 110.12% | 77.11% | +33.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 136.53% | 85.35% | +51.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 131.16% | 83.28% | +47.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 131.16% | 83.28% | +47.88% |
DLLL vs. PYPG - Expense Ratio Comparison
DLLL has a 1.50% expense ratio, which is higher than PYPG's 0.75% expense ratio.
Dividends
DLLL vs. PYPG - Dividend Comparison
Neither DLLL nor PYPG has paid dividends to shareholders.
Frequently Asked Questions
DLLL and PYPG have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLLL has higher volatility (43.56%) compared to PYPG (34.53%). In terms of maximum drawdown, DLLL dropped -68.58% vs PYPG's -79.52%.
On 1-year performance, DLLL leads with 540.38% vs -56.05% for PYPG. On fees, PYPG is cheaper at 0.75% per year. On volatility, PYPG has been the lower-risk option at 34.53%. 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 540.38% return vs -56.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PYPG is cheaper with a 0.75% expense ratio, compared with 1.50% for DLLL.
DLLL and PYPG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for DLLL and 0.75% for PYPG.
DLLL currently has the higher Sharpe Ratio (4.00 vs -0.66), 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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