DLLL vs. SGOV
DLLL (GraniteShares 2x Long DELL Daily ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - DLLL is a Leveraged Equities fund tracking the Dell Technologies Inc. (DELL), while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past year, DLLL returned 669.40% vs 3.85% for SGOV. Their -0.11 correlation means they have often moved in opposite directions in the past. DLLL charges 1.50%/yr vs 0.09%/yr for SGOV.
Performance
DLLL vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, DLLL achieves a 823.06% return, which is significantly higher than SGOV's 2.16% return.
DLLL
- 1D
- -2.36%
- 1M
- 17.49%
- 6M
- 897.65%
- YTD
- 823.06%
- 1Y
- 669.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 340.66%
SGOV
- 1D
- 0.02%
- 1M
- 0.32%
- 6M
- 1.82%
- YTD
- 2.16%
- 1Y
- 3.85%
- 3Y*
- 4.63%
- 5Y*
- 3.67%
- 10Y*
- —
- ALL TIME*
- 2.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $26.78M | $35.64M | $53.41M | |
| $2.20B | $1.91B | $2.07B |
DLLL vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DLLL GraniteShares 2x Long DELL Daily ETF | 823.06% | -3.72% |
SGOV iShares 0-3 Month Treasury Bond ETF | 2.16% | 3.74% |
Correlation
The correlation between DLLL and SGOV is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025 | -0.11 |
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Return for Risk
DLLL vs. SGOV — Risk / Return Rank
DLLL
SGOV
DLLL vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long DELL Daily ETF (DLLL) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -16.01 | ||
| Sortino ratioReturn per unit of downside risk | -376.23 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 380.49 | -379.00 |
| Calmar ratioReturn relative to maximum drawdown | 11.82 | 388.26 | -376.45 |
| Martin ratioReturn relative to average drawdown | 22.96 | 6,151.25 | -6,128.30 |
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Drawdowns
DLLL vs. SGOV - Drawdown Comparison
The maximum DLLL drawdown since its inception was -68.58%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for DLLL and SGOV.
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Drawdown Indicators
| DLLL | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.58% | -0.03% | -68.55% |
Max Drawdown (1Y)Largest decline over 1 year | -57.19% | -0.01% | -57.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | -12.68% | 0.00% | -12.68% |
Average DrawdownAverage peak-to-trough decline | -25.73% | 0.00% | -25.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.37% | 0.00% | +29.37% |
Volatility
DLLL vs. SGOV - Volatility Comparison
GraniteShares 2x Long DELL Daily ETF (DLLL) has a higher volatility of 52.70% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.04%. This indicates that DLLL's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLLL | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 52.70% | 0.04% | +52.66% |
Volatility (6M)Calculated over the trailing 6-month period | 115.16% | 0.13% | +115.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 141.68% | 0.19% | +141.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 133.25% | 0.24% | +133.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 133.25% | 0.23% | +133.02% |
DLLL vs. SGOV - Expense Ratio Comparison
DLLL has a 1.50% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
DLLL vs. SGOV - Dividend Comparison
DLLL has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DLLL GraniteShares 2x Long DELL Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.75% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
DLLL and SGOV have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLLL has higher volatility (52.70%) compared to SGOV (0.04%). In terms of maximum drawdown, DLLL dropped -68.58% vs SGOV's -0.03%.
On 1-year performance, DLLL leads with 669.40% vs 3.85% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.04%. 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 669.40% return vs 3.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 1.50% for DLLL.
SGOV has the higher dividend yield at 3.75%, compared with 0.00% for DLLL.
DLLL is categorized as Leveraged Equities, while SGOV is Ultrashort Bond. DLLL tracks Dell Technologies Inc. (DELL), while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.50% for DLLL and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.78 vs 4.77), 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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