MRAM vs. DLLL

Last updated Jul 16, 2026

MRAM (Everspin Technologies, Inc.) is a stock, while DLLL (GraniteShares 2x Long DELL Daily ETF) is Leveraged Equities fund tracking the Dell Technologies Inc. (DELL). Over the past year, MRAM returned 145.14% vs 587.10% for DLLL. At a 0.36 correlation, their price movements are largely independent.

Performance

MRAM vs. DLLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Everspin Technologies, Inc. (MRAM) 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, MRAM achieves a 76.72% return, which is significantly lower than DLLL's 668.23% return.

MRAM

• 1D: -6.23%
• 1M: -41.11%
• 6M: 43.86%
• YTD: 76.72%
• 1Y: 145.14%
• 3Y*: 20.43%
• 5Y*: 24.83%
• 10Y*: —

DLLL

• 1D: -19.77%
• 1M: -2.97%
• 6M: 767.32%
• YTD: 668.23%
• 1Y: 587.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MRAM vs. DLLL - Yearly Performance Comparison

	2026 (YTD)	2025
MRAM Everspin Technologies, Inc.	76.72%	64.83%
DLLL GraniteShares 2x Long DELL Daily ETF	668.23%	-3.72%

Correlation

The correlation between MRAM and DLLL is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.36

Return for Risk

MRAM vs. DLLL — Risk / Return Rank

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

MRAM

MRAM Risk / Return Rank: 83
MRAM Sharpe Ratio Rank: 82
MRAM Sortino Ratio Rank: 85
MRAM Omega Ratio Rank: 84
MRAM Calmar Ratio Rank: 82
MRAM Martin Ratio Rank: 80

DLLL

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

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.

MRAM vs. DLLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Everspin Technologies, Inc. (MRAM) 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.

	MRAM	DLLL	Difference
Sharpe ratio: Return per unit of total volatility	1.33	4.35	-3.03
Sortino ratio: Return per unit of downside risk	2.35	3.92	-1.57
Omega ratio: Gain probability vs. loss probability	1.29	1.48	-0.19
Calmar ratio: Return relative to maximum drawdown	2.33	10.36	-8.03
Martin ratio: Return relative to average drawdown	5.24	20.71	-15.47

MRAM vs. DLLL - Sharpe Ratio Comparison

The current MRAM Sharpe Ratio is 1.33, which is lower than the DLLL Sharpe Ratio of 4.35. The chart below compares the historical Sharpe Ratios of MRAM 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

MRAM vs. DLLL - Drawdown Comparison

The maximum MRAM drawdown since its inception was -91.28%, which is greater than DLLL's maximum drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for MRAM and DLLL.

Drawdown Indicators

	MRAM	DLLL	Difference
Max Drawdown Largest peak-to-trough decline	-91.28%	-68.58%	-22.70%
Max Drawdown (1Y) Largest decline over 1 year	-62.74%	-57.19%	-5.55%
Max Drawdown (3Y) Largest decline over 3 years	-62.74%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-67.02%	—	—
Current Drawdown Current decline from peak	-62.74%	-27.33%	-35.41%
Average Drawdown Average peak-to-trough decline	-64.84%	-25.67%	-39.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.82%	28.55%	-0.73%

Volatility

MRAM vs. DLLL - Volatility Comparison

The current volatility for Everspin Technologies, Inc. (MRAM) is 32.68%, while GraniteShares 2x Long DELL Daily ETF (DLLL) has a volatility of 42.69%. This indicates that MRAM 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

	MRAM	DLLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.68%	42.69%	-10.01%
Volatility (6M) Calculated over the trailing 6-month period	93.33%	109.45%	-16.12%
Volatility (1Y) Calculated over the trailing 1-year period	110.07%	136.06%	-25.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.61%	131.01%	-53.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.85%	131.01%	-52.16%

Dividends

MRAM vs. DLLL - Dividend Comparison

Neither MRAM nor DLLL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MRAM and DLLL in my portfolio?

MRAM and DLLL have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MRAM or DLLL?

DLLL has higher volatility (42.69%) compared to MRAM (32.68%). In terms of maximum drawdown, MRAM dropped -91.28% vs DLLL's -68.58%.

Which has better risk-adjusted returns?

DLLL currently has the higher Sharpe Ratio (4.35 vs 1.33), 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.