PLUL vs. DLLL

Last updated Aug 1, 2026

PLUL (Leverage Shares 2X Long PLUG Daily ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds - PLUL tracks the Plug Power Inc. (PLUG) while DLLL tracks the Dell Technologies Inc. (DELL). Both are passively managed. Their 0.26 correlation means their historical movements had little consistent relationship. PLUL charges 0.75%/yr vs 1.50%/yr for DLLL.

Performance

PLUL vs. DLLL - Performance Comparison

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

Returns By Period

PLUL

• 1D: -2.81%
• 1M: -42.30%
• 6M: -39.57%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

DLLL

• 1D: 0.15%
• 1M: -0.53%
• 6M: 775.99%
• YTD: 615.57%
• 1Y: 526.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 275.30%

*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	$23.39M	$34.88M	$51.04M
PLUL Leverage Shares 2X Long PLUG Daily ETF	$198.99K	$358.88K	$1.33M

PLUL vs. DLLL - Yearly Performance Comparison

	2026 (YTD)
PLUL Leverage Shares 2X Long PLUG Daily ETF	-50.55%
DLLL GraniteShares 2x Long DELL Daily ETF	685.24%

Correlation

The correlation between PLUL and DLLL is 0.26, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026	0.26

Return for Risk

PLUL vs. DLLL — Risk / Return Rank

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

PLUL

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

DLLL

DLLL Risk / Return Rank: 94
DLLL Sharpe Ratio Rank: 97
DLLL Sortino Ratio Rank: 93
DLLL Omega Ratio Rank: 91
DLLL Calmar Ratio Rank: 97
DLLL Martin Ratio Rank: 92

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.

PLUL vs. DLLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PLUG Daily ETF (PLUL) 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.

	PLUL	DLLL	Difference
Sharpe ratio: Return per unit of total volatility	—	3.40	—
Sortino ratio: Return per unit of downside risk	—	3.57	—
Omega ratio: Gain probability vs. loss probability	—	1.43	—
Calmar ratio: Return relative to maximum drawdown	—	8.37	—
Martin ratio: Return relative to average drawdown	—	16.29	—

Drawdowns

PLUL vs. DLLL - Drawdown Comparison

The maximum PLUL drawdown since its inception was -81.17%, which is greater than DLLL's maximum drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for PLUL and DLLL.

Drawdown Indicators

	PLUL	DLLL	Difference
Max Drawdown Largest peak-to-trough decline	-81.17%	-68.58%	-12.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-57.19%	—
Current Drawdown Current decline from peak	-78.15%	-32.31%	-45.84%
Average Drawdown Average peak-to-trough decline	-35.63%	-25.81%	-9.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	29.32%	—

Volatility

Volatility by Period

	PLUL	DLLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	52.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	114.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	175.68%	140.57%	+35.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	175.68%	132.69%	+42.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	175.68%	132.69%	+42.99%

PLUL vs. DLLL - Expense Ratio Comparison

PLUL has a 0.75% expense ratio, which is lower than DLLL's 1.50% expense ratio.

Dividends

PLUL vs. DLLL - Dividend Comparison

Neither PLUL nor DLLL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PLUL and DLLL in my portfolio?

PLUL and DLLL have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PLUL or DLLL?

On fees, PLUL is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PLUL or DLLL?

PLUL is cheaper with a 0.75% expense ratio, compared with 1.50% for DLLL.

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

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

What is the main difference between PLUL and DLLL?

PLUL tracks Plug Power Inc. (PLUG), while DLLL tracks Dell Technologies Inc. (DELL). They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for PLUL and 1.50% for DLLL.