QBTX vs. DLLL

Last updated Jul 17, 2026

QBTX (Tradr 2X Long QBTS Daily ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds. Over the past year, QBTX returned -72.96% vs 540.38% for DLLL. At a 0.27 correlation, their price movements are largely independent. QBTX charges 1.30%/yr vs 1.50%/yr for DLLL.

Performance

QBTX vs. DLLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long QBTS Daily ETF (QBTX) 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, QBTX achieves a -78.05% return, which is significantly lower than DLLL's 589.77% return.

QBTX

• 1D: -14.89%
• 1M: -53.04%
• 6M: -81.47%
• YTD: -78.05%
• 1Y: -72.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DLLL

• 1D: -10.21%
• 1M: -10.70%
• 6M: 667.04%
• YTD: 589.77%
• 1Y: 540.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QBTX vs. DLLL - Yearly Performance Comparison

	2026 (YTD)	2025
QBTX Tradr 2X Long QBTS Daily ETF	-78.05%	339.28%
DLLL GraniteShares 2x Long DELL Daily ETF	589.77%	52.14%

Correlation

The correlation between QBTX and DLLL is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Apr 25, 2025	0.27

Return for Risk

QBTX vs. DLLL — Risk / Return Rank

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

QBTX

QBTX Risk / Return Rank: 9
QBTX Sharpe Ratio Rank: 6
QBTX Sortino Ratio Rank: 16
QBTX Omega Ratio Rank: 15
QBTX Calmar Ratio Rank: 3
QBTX Martin Ratio Rank: 5

DLLL

DLLL Risk / Return Rank: 94
DLLL Sharpe Ratio Rank: 98
DLLL Sortino Ratio Rank: 93
DLLL Omega Ratio Rank: 90
DLLL Calmar Ratio Rank: 98
DLLL Martin Ratio Rank: 93

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.

QBTX vs. DLLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long QBTS Daily ETF (QBTX) 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.

	QBTX	DLLL	Difference
Sharpe ratio: Return per unit of total volatility	-0.34	4.00	-4.33
Sortino ratio: Return per unit of downside risk	0.70	3.79	-3.09
Omega ratio: Gain probability vs. loss probability	1.07	1.46	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.77	9.53	-10.30
Martin ratio: Return relative to average drawdown	-1.00	19.00	-20.00

QBTX vs. DLLL - Sharpe Ratio Comparison

The current QBTX Sharpe Ratio is -0.34, which is lower than the DLLL Sharpe Ratio of 4.00. The chart below compares the historical Sharpe Ratios of QBTX 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

QBTX vs. DLLL - Drawdown Comparison

The maximum QBTX drawdown since its inception was -95.48%, which is greater than DLLL's maximum drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for QBTX and DLLL.

Drawdown Indicators

	QBTX	DLLL	Difference
Max Drawdown Largest peak-to-trough decline	-95.48%	-68.58%	-26.90%
Max Drawdown (1Y) Largest decline over 1 year	-95.48%	-57.19%	-38.29%
Current Drawdown Current decline from peak	-94.93%	-34.75%	-60.18%
Average Drawdown Average peak-to-trough decline	-59.11%	-25.70%	-33.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	72.94%	28.64%	+44.30%

Volatility

QBTX vs. DLLL - Volatility Comparison

Tradr 2X Long QBTS Daily ETF (QBTX) and GraniteShares 2x Long DELL Daily ETF (DLLL) have volatilities of 44.01% and 43.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBTX	DLLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	44.01%	43.56%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	145.15%	110.12%	+35.03%
Volatility (1Y) Calculated over the trailing 1-year period	218.35%	136.53%	+81.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	237.52%	131.16%	+106.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	237.52%	131.16%	+106.36%

QBTX vs. DLLL - Expense Ratio Comparison

QBTX has a 1.30% expense ratio, which is lower than DLLL's 1.50% expense ratio.

Dividends

QBTX vs. DLLL - Dividend Comparison

QBTX's dividend yield for the trailing twelve months is around 60.12%, while DLLL has not paid dividends to shareholders.

Position	TTM	2025
DLLL GraniteShares 2x Long DELL Daily ETF	0.00%	0.00%
QBTX Tradr 2X Long QBTS Daily ETF	60.12%	13.20%

Frequently Asked Questions

Can I hold both QBTX and DLLL in my portfolio?

QBTX and DLLL have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QBTX or DLLL?

QBTX has higher volatility (44.01%) compared to DLLL (43.56%). In terms of maximum drawdown, QBTX dropped -95.48% vs DLLL's -68.58%.

Which ETF is better, QBTX or DLLL?

On 1-year performance, DLLL leads with 540.38% vs -72.96% for QBTX. On fees, QBTX is cheaper at 1.30% per year. On volatility, DLLL has been the lower-risk option at 43.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QBTX or DLLL?

Over the 1-year period, DLLL has performed better with a 540.38% return vs -72.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBTX or DLLL?

QBTX is cheaper with a 1.30% expense ratio, compared with 1.50% for DLLL.

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

QBTX has the higher dividend yield at 60.12%, compared with 0.00% for DLLL.

What is the main difference between QBTX and DLLL?

They also come from different issuers: Tradr and GraniteShares. Their fees differ too: 1.30% for QBTX and 1.50% for DLLL.

Which has better risk-adjusted returns?

DLLL currently has the higher Sharpe Ratio (4.00 vs -0.34), 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.