PLTU vs. DLLL

Last updated Jun 4, 2026

PLTU (Direxion Daily PLTR Bull 2X Shares) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds. PLTU is actively managed, while DLLL is passively managed. Over the past year, PLTU returned -21.46% vs 986.47% for DLLL. At a 0.38 correlation, their price movements are largely independent. PLTU charges 0.97%/yr vs 1.50%/yr for DLLL.

Performance

PLTU vs. DLLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily PLTR Bull 2X Shares (PLTU) 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, PLTU achieves a -46.71% return, which is significantly lower than DLLL's 816.87% return.

PLTU

• 1D: -13.03%
• 1M: -9.11%
• YTD: -46.71%
• 6M: -46.12%
• 1Y: -21.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DLLL

• 1D: -13.27%
• 1M: 274.22%
• YTD: 816.87%
• 6M: 673.02%
• 1Y: 986.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTU vs. DLLL - Yearly Performance Comparison

	2026 (YTD)	2025
PLTU Direxion Daily PLTR Bull 2X Shares	-46.71%	46.18%
DLLL GraniteShares 2x Long DELL Daily ETF	816.87%	-3.72%

Correlation

The correlation between PLTU and DLLL is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	0.38

The correlation between PLTU and DLLL shifts across timeframes, from 0.27 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

PLTU vs. DLLL - Sectors Allocation Comparison

Sectors	PLTU	DLLL
Technology	100.0%	66.7%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

PLTU vs. DLLL — Risk / Return Rank

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

PLTU

PLTU Risk / Return Rank: 8
PLTU Sharpe Ratio Rank: 7
PLTU Sortino Ratio Rank: 11
PLTU Omega Ratio Rank: 11
PLTU Calmar Ratio Rank: 6
PLTU Martin Ratio Rank: 6

DLLL

DLLL Risk / Return Rank: 96
DLLL Sharpe Ratio Rank: 99
DLLL Sortino Ratio Rank: 94
DLLL Omega Ratio Rank: 92
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.

PLTU vs. DLLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bull 2X Shares (PLTU) 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.

	PLTU	DLLL	Difference
Sharpe ratio Return per unit of total volatility	-0.21	7.72	-7.93
Sortino ratio Return per unit of downside risk	0.40	5.05	-4.66
Omega ratio Gain probability vs. loss probability	1.05	1.63	-0.58
Calmar ratio Return relative to maximum drawdown	-0.32	16.14	-16.46
Martin ratio Return relative to average drawdown	-0.54	33.77	-34.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLTU vs. DLLL - Sharpe Ratio Comparison

The current PLTU Sharpe Ratio is -0.21, which is lower than the DLLL Sharpe Ratio of 7.72. The chart below compares the historical Sharpe Ratios of PLTU 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.

Sharpe Ratios by Period

	PLTU	DLLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.21	7.72	-7.93
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	3.38	-2.98

Drawdowns

PLTU vs. DLLL - Drawdown Comparison

The maximum PLTU drawdown since its inception was -69.14%, roughly equal to the maximum DLLL drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for PLTU and DLLL.

Drawdown Indicators

	PLTU	DLLL	Difference
Max Drawdown Largest peak-to-trough decline	-69.14%	-68.58%	-0.56%
Max Drawdown (1Y) Largest decline over 1 year	-68.10%	-57.19%	-10.91%
Current Drawdown Current decline from peak	-62.95%	-13.27%	-49.68%
Average Drawdown Average peak-to-trough decline	-31.90%	-25.93%	-5.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.45%	27.33%	+12.12%

Volatility

PLTU vs. DLLL - Volatility Comparison

The current volatility for Direxion Daily PLTR Bull 2X Shares (PLTU) is 36.67%, while GraniteShares 2x Long DELL Daily ETF (DLLL) has a volatility of 68.33%. This indicates that PLTU 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

	PLTU	DLLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.67%	68.33%	-31.66%
Volatility (6M) Calculated over the trailing 6-month period	77.36%	101.80%	-24.44%
Volatility (1Y) Calculated over the trailing 1-year period	103.08%	129.25%	-26.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	127.24%	130.59%	-3.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.24%	130.59%	-3.35%

PLTU vs. DLLL - Expense Ratio Comparison

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

Dividends

PLTU vs. DLLL - Dividend Comparison

PLTU's dividend yield for the trailing twelve months is around 44.62%, while DLLL has not paid dividends to shareholders.

Position	TTM	2025	2024
DLLL GraniteShares 2x Long DELL Daily ETF	0.00%	0.00%	0.00%
PLTU Direxion Daily PLTR Bull 2X Shares	44.62%	23.29%	0.12%

Frequently Asked Questions

Can I hold both PLTU and DLLL in my portfolio?

PLTU and DLLL have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTU or DLLL?

DLLL has higher volatility (68.33%) compared to PLTU (36.67%). In terms of maximum drawdown, PLTU dropped -69.14% vs DLLL's -68.58%.

Which ETF is better, PLTU or DLLL?

On 1-year performance, DLLL leads with 986.47% vs -21.46% for PLTU. On fees, PLTU is cheaper at 0.97% per year. On volatility, PLTU has been the lower-risk option at 36.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTU or DLLL?

Over the 1-year period, DLLL has performed better with a 986.47% return vs -21.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTU or DLLL?

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

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

PLTU has the higher dividend yield at 44.62%, compared with 0.00% for DLLL.

What is the main difference between PLTU and DLLL?

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

Which has better risk-adjusted returns?

DLLL currently has the higher Sharpe Ratio (7.72 vs -0.21), 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.