RETL vs. DLLL

Last updated Jun 4, 2026

RETL (Direxion Daily Retail Bull 3X Shares) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds - RETL tracks the Russell 1000 Retail Index (300%) while DLLL tracks the Dell Technologies Inc. (DELL). Both are passively managed. Over the past year, RETL returned 2.31% vs 850.63% for DLLL. At a 0.33 correlation, their price movements are largely independent. RETL charges 0.99%/yr vs 1.50%/yr for DLLL.

Performance

RETL vs. DLLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Retail Bull 3X Shares (RETL) 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, RETL achieves a -13.97% return, which is significantly lower than DLLL's 757.76% return.

RETL

• 1D: -1.25%
• 1M: -2.83%
• YTD: -13.97%
• 6M: -14.71%
• 1Y: 2.31%
• 3Y*: 12.49%
• 5Y*: -28.39%
• 10Y*: -5.65%

DLLL

• 1D: -6.45%
• 1M: 245.92%
• YTD: 757.76%
• 6M: 648.38%
• 1Y: 850.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RETL vs. DLLL - Yearly Performance Comparison

	2026 (YTD)	2025
RETL Direxion Daily Retail Bull 3X Shares	-13.97%	-3.74%
DLLL GraniteShares 2x Long DELL Daily ETF	757.76%	-3.72%

Correlation

The correlation between RETL and DLLL is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	0.33

RETL vs. DLLL - Sectors Allocation Comparison

Sectors	RETL	DLLL
Consumer Cyclical	14.0%	-
Consumer Defensive	3.9%	-
Communication Services	0.3%	-
Technology	0.3%	66.7%
Healthcare	0.3%	-
Energy	0.3%	-
Basic Materials	-	-
Financial Services	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

RETL vs. DLLL — Risk / Return Rank

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

RETL

RETL Risk / Return Rank: 10
RETL Sharpe Ratio Rank: 9
RETL Sortino Ratio Rank: 12
RETL Omega Ratio Rank: 12
RETL Calmar Ratio Rank: 9
RETL Martin Ratio Rank: 9

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.

RETL vs. DLLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Retail Bull 3X Shares (RETL) 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.

	RETL	DLLL	Difference
Sharpe ratio: Return per unit of total volatility	0.04	6.65	-6.61
Sortino ratio: Return per unit of downside risk	0.50	4.81	-4.31
Omega ratio: Gain probability vs. loss probability	1.06	1.60	-0.54
Calmar ratio: Return relative to maximum drawdown	0.06	15.02	-14.96
Martin ratio: Return relative to average drawdown	0.13	31.34	-31.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RETL vs. DLLL - Sharpe Ratio Comparison

The current RETL Sharpe Ratio is 0.04, which is lower than the DLLL Sharpe Ratio of 6.65. The chart below compares the historical Sharpe Ratios of RETL 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.

Sharpe Ratios by Period

	RETL	DLLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	6.65	-6.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	3.16	-2.96

Drawdowns

RETL vs. DLLL - Drawdown Comparison

The maximum RETL drawdown since its inception was -92.00%, which is greater than DLLL's maximum drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for RETL and DLLL.

Drawdown Indicators

	RETL	DLLL	Difference
Max Drawdown Largest peak-to-trough decline	-92.00%	-68.58%	-23.42%
Max Drawdown (1Y) Largest decline over 1 year	-38.08%	-57.19%	+19.11%
Max Drawdown (3Y) Largest decline over 3 years	-62.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-92.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-92.00%	—	—
Current Drawdown Current decline from peak	-85.23%	-18.86%	-66.37%
Average Drawdown Average peak-to-trough decline	-37.55%	-25.91%	-11.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.20%	27.36%	-9.16%

Volatility

RETL vs. DLLL - Volatility Comparison

The current volatility for Direxion Daily Retail Bull 3X Shares (RETL) is 18.99%, while GraniteShares 2x Long DELL Daily ETF (DLLL) has a volatility of 69.39%. This indicates that RETL experiences smaller price fluctuations and is considered to be less risky than DLLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RETL	DLLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.99%	69.39%	-50.40%
Volatility (6M) Calculated over the trailing 6-month period	40.17%	102.08%	-61.91%
Volatility (1Y) Calculated over the trailing 1-year period	60.15%	129.28%	-69.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.48%	130.55%	-51.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.75%	130.55%	-50.80%

RETL vs. DLLL - Expense Ratio Comparison

RETL has a 0.99% expense ratio, which is lower than DLLL's 1.50% expense ratio.

Dividends

RETL vs. DLLL - Dividend Comparison

RETL's dividend yield for the trailing twelve months is around 0.59%, while DLLL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DLLL GraniteShares 2x Long DELL Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RETL Direxion Daily Retail Bull 3X Shares	0.59%	0.58%	1.13%	1.35%	0.71%	0.22%	0.19%	0.92%	1.19%	0.01%	2.60%

Frequently Asked Questions

Can I hold both RETL and DLLL in my portfolio?

RETL and DLLL have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RETL or DLLL?

DLLL has higher volatility (69.39%) compared to RETL (18.99%). In terms of maximum drawdown, RETL dropped -92.00% vs DLLL's -68.58%.

Which ETF is better, RETL or DLLL?

On 1-year performance, DLLL leads with 850.63% vs 2.31% for RETL. On fees, RETL is cheaper at 0.99% per year. On volatility, RETL has been the lower-risk option at 18.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RETL or DLLL?

Over the 1-year period, DLLL has performed better with a 850.63% return vs 2.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RETL or DLLL?

RETL is cheaper with a 0.99% expense ratio, compared with 1.50% for DLLL.

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

RETL has the higher dividend yield at 0.59%, compared with 0.00% for DLLL.

What is the main difference between RETL and DLLL?

RETL tracks Russell 1000 Retail Index (300%), while DLLL tracks Dell Technologies Inc. (DELL). They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 0.99% for RETL and 1.50% for DLLL.

Which has better risk-adjusted returns?

DLLL currently has the higher Sharpe Ratio (6.65 vs 0.04), 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.