LOFF vs. DLLL

Last updated Jul 25, 2026

LOFF (Direxion Daily SpaceX Bull 2X ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds. LOFF is actively managed, while DLLL is passively managed. At a 0.13 correlation, their price movements are largely independent. LOFF charges 0.97%/yr vs 1.50%/yr for DLLL.

Performance

LOFF vs. DLLL - Performance Comparison

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

Returns By Period

LOFF

• 1D: -5.94%
• 1M: -47.69%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

DLLL

• 1D: -1.21%
• 1M: -3.98%
• 6M: 919.96%
• YTD: 751.92%
• 1Y: 630.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 331.14%

*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	$31.49M	$38.66M	$49.55M
LOFF Direxion Daily SpaceX Bull 2X ETF	$12.23M	$19.42M	$33.43M

LOFF vs. DLLL - Yearly Performance Comparison

	2026 (YTD)
LOFF Direxion Daily SpaceX Bull 2X ETF	-60.77%
DLLL GraniteShares 2x Long DELL Daily ETF	14.26%

Correlation

The correlation between LOFF and DLLL is 0.13, 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 Jun 15, 2026	0.13

Return for Risk

LOFF vs. DLLL — Risk / Return Rank

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

LOFF

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

DLLL

DLLL Risk / Return Rank: 96
DLLL Sharpe Ratio Rank: 98
DLLL Sortino Ratio Rank: 95
DLLL Omega Ratio Rank: 94
DLLL Calmar Ratio Rank: 98
DLLL Martin Ratio Rank: 96

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.

LOFF vs. DLLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SpaceX Bull 2X ETF (LOFF) 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.

	LOFF	DLLL	Difference
Sharpe ratio: Return per unit of total volatility	—	4.62	—
Sortino ratio: Return per unit of downside risk	—	4.00	—
Omega ratio: Gain probability vs. loss probability	—	1.49	—
Calmar ratio: Return relative to maximum drawdown	—	11.13	—
Martin ratio: Return relative to average drawdown	—	21.95	—

Drawdowns

LOFF vs. DLLL - Drawdown Comparison

The maximum LOFF drawdown since its inception was -70.97%, roughly equal to the maximum DLLL drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for LOFF and DLLL.

Drawdown Indicators

	LOFF	DLLL	Difference
Max Drawdown Largest peak-to-trough decline	-70.97%	-68.58%	-2.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-57.19%	—
Current Drawdown Current decline from peak	-70.97%	-19.41%	-51.56%
Average Drawdown Average peak-to-trough decline	-46.12%	-25.70%	-20.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.94%	—

Volatility

Volatility by Period

	LOFF	DLLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	47.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	110.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	169.72%	137.72%	+32.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	169.72%	131.48%	+38.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	169.72%	131.48%	+38.24%

LOFF vs. DLLL - Expense Ratio Comparison

LOFF has a 0.97% expense ratio, which is lower than DLLL's 1.50% expense ratio.

Dividends

LOFF vs. DLLL - Dividend Comparison

LOFF's dividend yield for the trailing twelve months is around 0.09%, while DLLL has not paid dividends to shareholders.

Position	TTM
DLLL GraniteShares 2x Long DELL Daily ETF	0.00%
LOFF Direxion Daily SpaceX Bull 2X ETF	0.09%

Frequently Asked Questions

Can I hold both LOFF and DLLL in my portfolio?

LOFF and DLLL have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LOFF or DLLL?

On fees, LOFF is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LOFF or DLLL?

LOFF is cheaper with a 0.97% expense ratio, compared with 1.50% for DLLL.

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

LOFF has the higher dividend yield at 0.09%, compared with 0.00% for DLLL.

What is the main difference between LOFF and DLLL?

They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 0.97% for LOFF and 1.50% for DLLL.