DLLL vs. XONE
DLLL (GraniteShares 2x Long DELL Daily ETF) and XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) are both exchange-traded funds - DLLL is a Leveraged Equities fund tracking the Dell Technologies Inc. (DELL), while XONE is a Government Bonds fund tracking the Bloomberg US Treasury 1 Year Target Duration Index. Both are passively managed. Over the past year, DLLL returned 850.63% vs 3.85% for XONE. At a correlation of -0.16, they often move in opposite directions. DLLL charges 1.50%/yr vs 0.03%/yr for XONE.
Performance
DLLL vs. XONE - Performance Comparison
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Returns By Period
In the year-to-date period, DLLL achieves a 757.76% return, which is significantly higher than XONE's 1.11% return.
DLLL
- 1D
- -6.45%
- 1M
- 245.92%
- YTD
- 757.76%
- 6M
- 648.38%
- 1Y
- 850.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XONE
- 1D
- -0.02%
- 1M
- 0.24%
- YTD
- 1.11%
- 6M
- 1.47%
- 1Y
- 3.85%
- 3Y*
- 4.57%
- 5Y*
- —
- 10Y*
- —
DLLL vs. XONE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DLLL GraniteShares 2x Long DELL Daily ETF | 757.76% | -3.72% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 1.11% | 4.04% |
Correlation
The correlation between DLLL and XONE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | -0.16 |
The correlation between DLLL and XONE shifts across timeframes, from -0.16 (all time) to -0.03 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DLLL vs. XONE — Risk / Return Rank
DLLL
XONE
DLLL vs. XONE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long DELL Daily ETF (DLLL) and BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE). 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.
| DLLL | XONE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -12.14 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 3.57 | -1.98 |
| Calmar ratioReturn relative to maximum drawdown | 15.02 | 24.16 | -9.13 |
| Martin ratioReturn relative to average drawdown | 31.34 | 138.74 | -107.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DLLL | XONE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.65 | 7.06 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.16 | 4.96 | -1.80 |
Drawdowns
DLLL vs. XONE - Drawdown Comparison
The maximum DLLL drawdown since its inception was -68.58%, which is greater than XONE's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for DLLL and XONE.
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Drawdown Indicators
| DLLL | XONE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.58% | -0.40% | -68.18% |
Max Drawdown (1Y)Largest decline over 1 year | -57.19% | -0.16% | -57.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.28% | — |
Current DrawdownCurrent decline from peak | -18.86% | -0.02% | -18.84% |
Average DrawdownAverage peak-to-trough decline | -25.91% | -0.04% | -25.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.36% | 0.03% | +27.33% |
Volatility
DLLL vs. XONE - Volatility Comparison
GraniteShares 2x Long DELL Daily ETF (DLLL) has a higher volatility of 69.39% compared to BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) at 0.10%. This indicates that DLLL's price experiences larger fluctuations and is considered to be riskier than XONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLLL | XONE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 69.39% | 0.10% | +69.29% |
Volatility (6M)Calculated over the trailing 6-month period | 102.08% | 0.34% | +101.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 129.28% | 0.55% | +128.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 130.55% | 0.86% | +129.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 130.55% | 0.86% | +129.69% |
DLLL vs. XONE - Expense Ratio Comparison
DLLL has a 1.50% expense ratio, which is higher than XONE's 0.03% expense ratio.
Dividends
DLLL vs. XONE - Dividend Comparison
DLLL has not paid dividends to shareholders, while XONE's dividend yield for the trailing twelve months is around 4.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DLLL GraniteShares 2x Long DELL Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 4.06% | 4.33% | 5.21% | 4.46% | 1.17% |
Frequently Asked Questions
DLLL and XONE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLLL has higher volatility (69.39%) compared to XONE (0.10%). In terms of maximum drawdown, DLLL dropped -68.58% vs XONE's -0.40%.
On 1-year performance, DLLL leads with 850.63% vs 3.85% for XONE. On fees, XONE is cheaper at 0.03% per year. On volatility, XONE has been the lower-risk option at 0.10%. 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 850.63% return vs 3.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XONE is cheaper with a 0.03% expense ratio, compared with 1.50% for DLLL.
XONE has the higher dividend yield at 4.06%, compared with 0.00% for DLLL.
DLLL is categorized as Leveraged Equities, while XONE is Government Bonds. DLLL tracks Dell Technologies Inc. (DELL), while XONE tracks Bloomberg US Treasury 1 Year Target Duration Index. They also come from different issuers: GraniteShares and BondBloxx. Their fees differ too: 1.50% for DLLL and 0.03% for XONE.
XONE currently has the higher Sharpe Ratio (7.06 vs 6.65), 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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