DLLL vs. TXNU

Last updated Jul 14, 2026

DLLL (GraniteShares 2x Long DELL Daily ETF) and TXNU (Direxion Daily TXN Bull 2X ETF) are both Leveraged Equities funds. DLLL is passively managed, while TXNU is actively managed. At a 0.28 correlation, their price movements are largely independent.

Performance

DLLL vs. TXNU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long DELL Daily ETF (DLLL) and Direxion Daily TXN Bull 2X ETF (TXNU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DLLL

• 1D: -3.72%
• 1M: 12.43%
• 6M: 819.94%
• YTD: 738.32%
• 1Y: 636.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TXNU

• 1D: -8.30%
• 1M: -6.07%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DLLL vs. TXNU - Yearly Performance Comparison

	2026 (YTD)
DLLL GraniteShares 2x Long DELL Daily ETF	368.62%
TXNU Direxion Daily TXN Bull 2X ETF	104.00%

Correlation

The correlation between DLLL and TXNU is 0.28, 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 Mar 25, 2026	0.28

Return for Risk

DLLL vs. TXNU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DLLL

DLLL Risk / Return Rank: 96
DLLL Sharpe Ratio Rank: 98
DLLL Sortino Ratio Rank: 95
DLLL Omega Ratio Rank: 92
DLLL Calmar Ratio Rank: 98
DLLL Martin Ratio Rank: 95

TXNU

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. TXNU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long DELL Daily ETF (DLLL) and Direxion Daily TXN Bull 2X ETF (TXNU). 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	TXNU	Difference
Sharpe ratio: Return per unit of total volatility	4.80	—	—
Sortino ratio: Return per unit of downside risk	4.13	—	—
Omega ratio: Gain probability vs. loss probability	1.50	—	—
Calmar ratio: Return relative to maximum drawdown	11.22	—	—
Martin ratio: Return relative to average drawdown	22.48	—	—

Drawdowns

DLLL vs. TXNU - Drawdown Comparison

The maximum DLLL drawdown since its inception was -68.58%, which is greater than TXNU's maximum drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for DLLL and TXNU.

Drawdown Indicators

	DLLL	TXNU	Difference
Max Drawdown Largest peak-to-trough decline	-68.58%	-27.80%	-40.78%
Max Drawdown (1Y) Largest decline over 1 year	-57.19%	—	—
Current Drawdown Current decline from peak	-20.70%	-22.17%	+1.47%
Average Drawdown Average peak-to-trough decline	-25.71%	-8.31%	-17.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.50%	—	—

Volatility

Volatility by Period

	DLLL	TXNU	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%	116.77%	+17.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	129.72%	116.77%	+12.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	129.72%	116.77%	+12.95%

Dividends

DLLL vs. TXNU - Dividend Comparison

DLLL has not paid dividends to shareholders, while TXNU's dividend yield for the trailing twelve months is around 0.33%.

Position	TTM
DLLL GraniteShares 2x Long DELL Daily ETF	0.00%
TXNU Direxion Daily TXN Bull 2X ETF	0.33%

Frequently Asked Questions

Can I hold both DLLL and TXNU in my portfolio?

DLLL and TXNU have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

TXNU has the higher dividend yield at 0.33%, compared with 0.00% for DLLL.

What is the main difference between DLLL and TXNU?

They also come from different issuers: GraniteShares and Direxion.