HOOI vs. DLLL

Last updated Jun 4, 2026

HOOI (Defiance Leveraged Long + Income HOOD ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds. HOOI is actively managed, while DLLL is passively managed. At a 0.20 correlation, their price movements are largely independent. HOOI charges 1.51%/yr vs 1.50%/yr for DLLL.

Performance

HOOI vs. DLLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Leveraged Long + Income HOOD ETF (HOOI) and GraniteShares 2x Long DELL Daily ETF (DLLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOOI achieves a -10.33% return, which is significantly lower than DLLL's 757.76% return.

HOOI

• 1D: 0.00%
• 1M: 0.00%
• YTD: -10.33%
• 6M: -33.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DLLL

• 1D: -6.45%
• 1M: 245.92%
• YTD: 757.76%
• 6M: 648.38%
• 1Y: 850.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOI vs. DLLL - Yearly Performance Comparison

	2026 (YTD)	2025
HOOI Defiance Leveraged Long + Income HOOD ETF	-10.33%	-14.45%
DLLL GraniteShares 2x Long DELL Daily ETF	757.76%	-21.75%

Correlation

The correlation between HOOI and DLLL is 0.20, 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 Aug 20, 2025	0.20

Return for Risk

HOOI vs. DLLL — Risk / Return Rank

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

DLLL

DLLL Risk / Return Rank: 95
DLLL Sharpe Ratio Rank: 99
DLLL Sortino Ratio Rank: 94
DLLL Omega Ratio Rank: 91
DLLL Calmar Ratio Rank: 98
DLLL Martin Ratio Rank: 95

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.

HOOI vs. DLLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long + Income HOOD ETF (HOOI) and GraniteShares 2x Long DELL Daily ETF (DLLL). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HOOI	DLLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	6.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.34	3.16	-3.50

Drawdowns

HOOI vs. DLLL - Drawdown Comparison

The maximum HOOI drawdown since its inception was -58.34%, smaller than the maximum DLLL drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for HOOI and DLLL.

Drawdown Indicators

	HOOI	DLLL	Difference
Max Drawdown Largest peak-to-trough decline	-58.34%	-68.58%	+10.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-57.19%	—
Current Drawdown Current decline from peak	-57.31%	-18.86%	-38.45%
Average Drawdown Average peak-to-trough decline	-39.57%	-25.91%	-13.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	27.36%	—

Volatility

Volatility by Period

	HOOI	DLLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	69.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	102.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	88.80%	129.28%	-40.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.80%	130.55%	-41.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.80%	130.55%	-41.75%

HOOI vs. DLLL - Expense Ratio Comparison

HOOI has a 1.51% expense ratio, which is higher than DLLL's 1.50% expense ratio.

Dividends

HOOI vs. DLLL - Dividend Comparison

HOOI's dividend yield for the trailing twelve months is around 52.10%, while DLLL has not paid dividends to shareholders.

Position	TTM	2025
DLLL GraniteShares 2x Long DELL Daily ETF	0.00%	0.00%
HOOI Defiance Leveraged Long + Income HOOD ETF	52.10%	41.26%

Frequently Asked Questions

Can I hold both HOOI and DLLL in my portfolio?

HOOI and DLLL have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOOI or DLLL?

On fees, DLLL is cheaper at 1.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOOI or DLLL?

DLLL is cheaper with a 1.50% expense ratio, compared with 1.51% for HOOI.

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

HOOI has the higher dividend yield at 52.10%, compared with 0.00% for DLLL.

What is the main difference between HOOI and DLLL?

They also come from different issuers: Defiance and GraniteShares. Their fees differ too: 1.51% for HOOI and 1.50% for DLLL.