QQXL vs. DLLL
QQXL (ProShares Ultra QQQ Top 30) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds. QQXL is actively managed, while DLLL is passively managed. At a 0.46 correlation, their price movements are largely independent. QQXL charges 0.95%/yr vs 1.50%/yr for DLLL.
Performance
QQXL vs. DLLL - Performance Comparison
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Returns By Period
In the year-to-date period, QQXL achieves a 41.81% return, which is significantly lower than DLLL's 758.72% return.
QQXL
- 1D
- -1.36%
- 1M
- 16.51%
- YTD
- 41.81%
- 6M
- 39.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DLLL
- 1D
- 0.11%
- 1M
- 230.95%
- YTD
- 758.72%
- 6M
- 593.50%
- 1Y
- 836.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQXL vs. DLLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 41.81% | 8.66% |
DLLL GraniteShares 2x Long DELL Daily ETF | 758.72% | -25.37% |
Correlation
The correlation between QQXL and DLLL is 0.46, 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 Aug 18, 2025 | 0.46 |
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Return for Risk
QQXL vs. DLLL — Risk / Return Rank
QQXL
DLLL
QQXL vs. DLLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| QQXL | DLLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 6.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.95 | 3.14 | -1.19 |
Drawdowns
QQXL vs. DLLL - Drawdown Comparison
The maximum QQXL drawdown since its inception was -27.34%, smaller than the maximum DLLL drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for QQXL and DLLL.
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Drawdown Indicators
| QQXL | DLLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -68.58% | +41.24% |
Max Drawdown (1Y)Largest decline over 1 year | — | -57.19% | — |
Current DrawdownCurrent decline from peak | -1.84% | -18.77% | +16.93% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -25.89% | +19.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 27.39% | — |
Volatility
QQXL vs. DLLL - Volatility Comparison
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Volatility by Period
| QQXL | DLLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 69.62% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 102.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.93% | 129.16% | -92.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.93% | 130.36% | -93.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.93% | 130.36% | -93.43% |
QQXL vs. DLLL - Expense Ratio Comparison
QQXL has a 0.95% expense ratio, which is lower than DLLL's 1.50% expense ratio.
Dividends
QQXL vs. DLLL - Dividend Comparison
QQXL's dividend yield for the trailing twelve months is around 0.45%, while DLLL has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
DLLL GraniteShares 2x Long DELL Daily ETF | 0.00% | 0.00% |
QQXL ProShares Ultra QQQ Top 30 | 0.45% | 0.08% |
Frequently Asked Questions
QQXL and DLLL have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQXL is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQXL is cheaper with a 0.95% expense ratio, compared with 1.50% for DLLL.
QQXL has the higher dividend yield at 0.45%, compared with 0.00% for DLLL.
They also come from different issuers: ProShares and GraniteShares. Their fees differ too: 0.95% for QQXL and 1.50% for DLLL.
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