INTW vs. DLLL

Last updated Aug 4, 2026

INTW (GraniteShares 2x Long INTC Daily ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds from GraniteShares. INTW is actively managed, while DLLL is passively managed. Over the past year, INTW returned 1006.96% vs 599.95% for DLLL. Their 0.36 correlation means their historical movements had little consistent relationship. Both charge a 1.50% expense ratio.

Performance

INTW vs. DLLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long INTC Daily ETF (INTW) 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, INTW achieves a 265.05% return, which is significantly lower than DLLL's 699.96% return.

INTW

• 1D: 1.44%
• 1M: -46.93%
• 6M: 132.81%
• YTD: 265.05%
• 1Y: 1,006.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 234.15%

DLLL

• 1D: 11.79%
• 1M: 11.20%
• 6M: 802.44%
• YTD: 699.96%
• 1Y: 599.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 301.93%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DLLL GraniteShares 2x Long DELL Daily ETF	$23.82M	$34.65M	$52.12M
INTW GraniteShares 2x Long INTC Daily ETF	$147.89M	$130.41M	$215.01M

INTW vs. DLLL - Yearly Performance Comparison

	2026 (YTD)	2025
INTW GraniteShares 2x Long INTC Daily ETF	265.05%	60.89%
DLLL GraniteShares 2x Long DELL Daily ETF	699.96%	-3.72%

Correlation

The correlation between INTW and DLLL is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.35
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.36

INTW vs. DLLL - Sectors Allocation Comparison

Sectors	INTW	DLLL
Technology	66.6%	66.6%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

INTW vs. DLLL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

INTW

INTW Risk / Return Rank: 97
INTW Sharpe Ratio Rank: 99
INTW Sortino Ratio Rank: 95
INTW Omega Ratio Rank: 94
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 98

DLLL

DLLL Risk / Return Rank: 95
DLLL Sharpe Ratio Rank: 98
DLLL Sortino Ratio Rank: 94
DLLL Omega Ratio Rank: 92
DLLL Calmar Ratio Rank: 98
DLLL Martin Ratio Rank: 95

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

INTW vs. DLLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long INTC Daily ETF (INTW) 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.

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.

	INTW	DLLL	Difference
Sharpe ratio: Return per unit of total volatility	6.48	4.30	+2.17
Sortino ratio: Return per unit of downside risk	4.09	3.86	+0.23
Omega ratio: Gain probability vs. loss probability	1.50	1.47	+0.03
Calmar ratio: Return relative to maximum drawdown	14.71	10.59	+4.13
Martin ratio: Return relative to average drawdown	39.28	20.58	+18.70

INTW vs. DLLL - Sharpe Ratio Comparison

The current INTW Sharpe Ratio is 6.48, which is higher than the DLLL Sharpe Ratio of 4.30. The chart below compares the historical Sharpe Ratios of INTW and DLLL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

INTW vs. DLLL - Drawdown Comparison

The maximum INTW drawdown since its inception was -69.16%, roughly equal to the maximum DLLL drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for INTW and DLLL.

Drawdown Indicators

	INTW	DLLL	Difference
Max Drawdown Largest peak-to-trough decline	-69.16%	-68.58%	-0.58%
Max Drawdown (1Y) Largest decline over 1 year	-69.16%	-57.19%	-11.97%
Current Drawdown Current decline from peak	-62.43%	-24.33%	-38.10%
Average Drawdown Average peak-to-trough decline	-30.68%	-25.80%	-4.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.85%	29.35%	-3.50%

Volatility

INTW vs. DLLL - Volatility Comparison

The current volatility for GraniteShares 2x Long INTC Daily ETF (INTW) is 47.63%, while GraniteShares 2x Long DELL Daily ETF (DLLL) has a volatility of 50.69%. This indicates that INTW experiences smaller price fluctuations and is considered to be less risky than DLLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INTW	DLLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	47.63%	50.69%	-3.06%
Volatility (6M) Calculated over the trailing 6-month period	116.67%	114.42%	+2.25%
Volatility (1Y) Calculated over the trailing 1-year period	157.41%	140.93%	+16.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	150.45%	132.81%	+17.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	150.45%	132.81%	+17.64%

INTW vs. DLLL - Expense Ratio Comparison

Both INTW and DLLL have an expense ratio of 1.50%.

Dividends

INTW vs. DLLL - Dividend Comparison

Neither INTW nor DLLL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both INTW and DLLL in my portfolio?

INTW and DLLL have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INTW or DLLL?

DLLL has higher volatility (50.69%) compared to INTW (47.63%). In terms of maximum drawdown, INTW dropped -69.16% vs DLLL's -68.58%.

Which ETF is better, INTW or DLLL?

On 1-year performance, INTW leads with 1006.96% vs 599.95% for DLLL. Both ETFs have the same 1.50% expense ratio. On volatility, INTW has been the lower-risk option at 47.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INTW or DLLL?

Over the 1-year period, INTW has performed better with a 1006.96% return vs 599.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INTW or DLLL?

INTW and DLLL have the same expense ratio: 1.50% per year.

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

INTW and DLLL have nearly identical dividend yields, around 0.00%.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (6.48 vs 4.30), 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.