RDWU vs. DLLL

Last updated Jun 5, 2026

RDWU (T-REX 2X Long RDW Daily Target ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds - RDWU tracks the Redwire Corporation (RDW) while DLLL tracks the Dell Technologies Inc. (DELL). Both are passively managed. At a 0.29 correlation, their price movements are largely independent. Both charge a 1.50% expense ratio.

Performance

RDWU vs. DLLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long RDW Daily Target ETF (RDWU) and GraniteShares 2x Long DELL Daily ETF (DLLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RDWU

• 1D: 31.87%
• 1M: 376.22%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DLLL

• 1D: 0.11%
• 1M: 230.95%
• YTD: 758.72%
• 6M: 593.50%
• 1Y: 836.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RDWU vs. DLLL - Yearly Performance Comparison

	2026 (YTD)
RDWU T-REX 2X Long RDW Daily Target ETF	71.70%
DLLL GraniteShares 2x Long DELL Daily ETF	951.23%

Correlation

The correlation between RDWU and DLLL is 0.29, 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 Feb 2, 2026	0.29

Return for Risk

RDWU vs. DLLL — Risk / Return Rank

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

DLLL

DLLL Risk / Return Rank: 95
DLLL Sharpe Ratio Rank: 99
DLLL Sortino Ratio Rank: 94
DLLL Omega Ratio Rank: 91
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.

RDWU vs. DLLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long RDW Daily Target ETF (RDWU) 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.

Sharpe Ratios by Period

	RDWU	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	1.53	3.14	-1.62

Drawdowns

RDWU vs. DLLL - Drawdown Comparison

The maximum RDWU drawdown since its inception was -66.94%, roughly equal to the maximum DLLL drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for RDWU and DLLL.

Drawdown Indicators

	RDWU	DLLL	Difference
Max Drawdown Largest peak-to-trough decline	-66.94%	-68.58%	+1.64%
Max Drawdown (1Y) Largest decline over 1 year	—	-57.19%	—
Current Drawdown Current decline from peak	-35.27%	-18.77%	-16.50%
Average Drawdown Average peak-to-trough decline	-43.07%	-25.89%	-17.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	27.39%	—

Volatility

Volatility by Period

	RDWU	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	255.53%	129.16%	+126.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	255.53%	130.36%	+125.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	255.53%	130.36%	+125.17%

RDWU vs. DLLL - Expense Ratio Comparison

Both RDWU and DLLL have an expense ratio of 1.50%.

Dividends

RDWU vs. DLLL - Dividend Comparison

Neither RDWU nor DLLL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RDWU and DLLL in my portfolio?

RDWU 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 ETF is better, RDWU or DLLL?

Both ETFs have the same 1.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RDWU or DLLL?

RDWU and DLLL have the same expense ratio: 1.50% per year.

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

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

What is the main difference between RDWU and DLLL?

RDWU tracks Redwire Corporation (RDW), while DLLL tracks Dell Technologies Inc. (DELL). They also come from different issuers: T-Rex and GraniteShares.