QSU vs. DLLL
QSU (Defiance Daily Target 2X Long QS ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds. QSU is actively managed, while DLLL is passively managed. At a 0.28 correlation, their price movements are largely independent. QSU charges 1.31%/yr vs 1.50%/yr for DLLL.
Performance
QSU vs. DLLL - Performance Comparison
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Returns By Period
In the year-to-date period, QSU achieves a -70.86% return, which is significantly lower than DLLL's 619.41% return.
QSU
- 1D
- -14.15%
- 1M
- -42.07%
- 6M
- -73.99%
- YTD
- -70.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DLLL
- 1D
- -15.10%
- 1M
- -16.13%
- 6M
- 600.88%
- YTD
- 619.41%
- 1Y
- 544.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QSU vs. DLLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QSU Defiance Daily Target 2X Long QS ETF | -70.86% | -65.11% |
DLLL GraniteShares 2x Long DELL Daily ETF | 619.41% | -30.97% |
Correlation
The correlation between QSU and DLLL is 0.28, 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 Oct 21, 2025 | 0.28 |
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Return for Risk
QSU vs. DLLL — Risk / Return Rank
QSU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DLLL
QSU vs. DLLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long QS ETF (QSU) 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.
| QSU | DLLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.49 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 9.93 | — |
| Martin ratioReturn relative to average drawdown | — | 20.00 | — |
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Drawdowns
QSU vs. DLLL - Drawdown Comparison
The maximum QSU drawdown since its inception was -92.77%, which is greater than DLLL's maximum drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for QSU and DLLL.
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Drawdown Indicators
| QSU | DLLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.77% | -68.58% | -24.19% |
Max Drawdown (1Y)Largest decline over 1 year | — | -57.19% | — |
Current DrawdownCurrent decline from peak | -92.07% | -31.95% | -60.12% |
Average DrawdownAverage peak-to-trough decline | -75.36% | -25.82% | -49.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 28.33% | — |
Volatility
QSU vs. DLLL - Volatility Comparison
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Volatility by Period
| QSU | DLLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 37.06% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 105.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 154.34% | 133.00% | +21.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 154.34% | 130.14% | +24.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 154.34% | 130.14% | +24.20% |
QSU vs. DLLL - Expense Ratio Comparison
QSU has a 1.31% expense ratio, which is lower than DLLL's 1.50% expense ratio.
Dividends
QSU vs. DLLL - Dividend Comparison
Neither QSU nor DLLL has paid dividends to shareholders.
Frequently Asked Questions
QSU and DLLL have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QSU is cheaper at 1.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QSU is cheaper with a 1.31% expense ratio, compared with 1.50% for DLLL.
QSU and DLLL have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and GraniteShares. Their fees differ too: 1.31% for QSU and 1.50% for DLLL.
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