IREG vs. DLLL
IREG (Leverage Shares 2X Long IREN Daily ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds. IREG is actively managed, while DLLL is passively managed. At a 0.24 correlation, their price movements are largely independent. IREG charges 0.75%/yr vs 1.50%/yr for DLLL.
Performance
IREG vs. DLLL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IREG achieves a 76.42% return, which is significantly lower than DLLL's 757.76% return.
IREG
- 1D
- -3.13%
- 1M
- 56.03%
- YTD
- 76.42%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DLLL
- 1D
- -6.45%
- 1M
- 245.92%
- YTD
- 757.76%
- 6M
- 648.38%
- 1Y
- 850.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IREG vs. DLLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IREG Leverage Shares 2X Long IREN Daily ETF | 76.42% | 3.65% |
DLLL GraniteShares 2x Long DELL Daily ETF | 757.76% | -12.07% |
Correlation
The correlation between IREG and DLLL is 0.24, 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 Dec 17, 2025 | 0.24 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IREG vs. DLLL — Risk / Return Rank
IREG
DLLL
IREG vs. DLLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long IREN Daily ETF (IREG) 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.
Loading charts...
Sharpe Ratios by Period
| IREG | 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 | 1.33 | 3.16 | -1.83 |
Drawdowns
IREG vs. DLLL - Drawdown Comparison
The maximum IREG drawdown since its inception was -80.08%, which is greater than DLLL's maximum drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for IREG and DLLL.
Loading charts...
Drawdown Indicators
| IREG | DLLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.08% | -68.58% | -11.50% |
Max Drawdown (1Y)Largest decline over 1 year | — | -57.19% | — |
Current DrawdownCurrent decline from peak | -29.69% | -18.86% | -10.83% |
Average DrawdownAverage peak-to-trough decline | -44.09% | -25.91% | -18.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 27.36% | — |
Volatility
IREG vs. DLLL - Volatility Comparison
Loading charts...
Volatility by Period
| IREG | 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 | 208.00% | 129.28% | +78.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 208.00% | 130.55% | +77.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 208.00% | 130.55% | +77.45% |
IREG vs. DLLL - Expense Ratio Comparison
IREG has a 0.75% expense ratio, which is lower than DLLL's 1.50% expense ratio.
Dividends
IREG vs. DLLL - Dividend Comparison
Neither IREG nor DLLL has paid dividends to shareholders.
Frequently Asked Questions
IREG and DLLL have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IREG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IREG is cheaper with a 0.75% expense ratio, compared with 1.50% for DLLL.
IREG and DLLL have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for IREG and 1.50% for DLLL.
Find the right allocation for IREG and DLLL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer