RXD vs. DLLL

Last updated Jun 24, 2026

RXD (ProShares UltraShort Health Care) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds - RXD tracks the DJ Global United States (All) / Health Care -IND (-200%) while DLLL tracks the Dell Technologies Inc. (DELL). Both are passively managed. Over the past year, RXD returned -24.38% vs 765.95% for DLLL. At a correlation of -0.13, they often move in opposite directions. RXD charges 0.95%/yr vs 1.50%/yr for DLLL.

Performance

RXD vs. DLLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Health Care (RXD) 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, RXD achieves a 3.27% return, which is significantly lower than DLLL's 762.51% return.

RXD

• 1D: -2.74%
• 1M: -3.78%
• YTD: 3.27%
• 6M: 3.62%
• 1Y: -24.38%
• 3Y*: -6.35%
• 5Y*: -6.92%
• 10Y*: -19.74%

DLLL

• 1D: 4.21%
• 1M: 89.37%
• YTD: 762.51%
• 6M: 738.64%
• 1Y: 765.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RXD vs. DLLL - Yearly Performance Comparison

	2026 (YTD)	2025
RXD ProShares UltraShort Health Care	3.27%	-12.62%
DLLL GraniteShares 2x Long DELL Daily ETF	762.51%	-3.72%

Correlation

The correlation between RXD and DLLL is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	-0.13

Return for Risk

RXD vs. DLLL — Risk / Return Rank

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

RXD

RXD Risk / Return Rank: 3
RXD Sharpe Ratio Rank: 3
RXD Sortino Ratio Rank: 3
RXD Omega Ratio Rank: 3
RXD Calmar Ratio Rank: 3
RXD Martin Ratio Rank: 4

DLLL

DLLL Risk / Return Rank: 96
DLLL Sharpe Ratio Rank: 99
DLLL Sortino Ratio Rank: 94
DLLL Omega Ratio Rank: 92
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.

RXD vs. DLLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Health Care (RXD) 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.

	RXD	DLLL	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	5.91	-6.71
Sortino ratio: Return per unit of downside risk	-1.00	4.55	-5.54
Omega ratio: Gain probability vs. loss probability	0.88	1.56	-0.68
Calmar ratio: Return relative to maximum drawdown	-0.71	13.52	-14.23
Martin ratio: Return relative to average drawdown	-1.06	27.52	-28.59

RXD vs. DLLL - Sharpe Ratio Comparison

The current RXD Sharpe Ratio is -0.81, which is lower than the DLLL Sharpe Ratio of 5.91. The chart below compares the historical Sharpe Ratios of RXD 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

RXD vs. DLLL - Drawdown Comparison

The maximum RXD drawdown since its inception was -99.65%, which is greater than DLLL's maximum drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for RXD and DLLL.

Drawdown Indicators

	RXD	DLLL	Difference
Max Drawdown Largest peak-to-trough decline	-99.65%	-68.58%	-31.07%
Max Drawdown (1Y) Largest decline over 1 year	-34.63%	-57.19%	+22.56%
Max Drawdown (3Y) Largest decline over 3 years	-36.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.50%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-90.64%	—	—
Current Drawdown Current decline from peak	-99.62%	-18.41%	-81.21%
Average Drawdown Average peak-to-trough decline	-81.91%	-25.86%	-56.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.96%	28.05%	-5.09%

Volatility

RXD vs. DLLL - Volatility Comparison

The current volatility for ProShares UltraShort Health Care (RXD) is 10.51%, while GraniteShares 2x Long DELL Daily ETF (DLLL) has a volatility of 66.89%. This indicates that RXD 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

	RXD	DLLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.51%	66.89%	-56.38%
Volatility (6M) Calculated over the trailing 6-month period	21.71%	102.56%	-80.85%
Volatility (1Y) Calculated over the trailing 1-year period	30.25%	131.00%	-100.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.88%	129.67%	-99.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.01%	129.67%	-96.66%

RXD vs. DLLL - Expense Ratio Comparison

RXD has a 0.95% expense ratio, which is lower than DLLL's 1.50% expense ratio.

Dividends

RXD vs. DLLL - Dividend Comparison

RXD's dividend yield for the trailing twelve months is around 2.71%, while DLLL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
RXD ProShares UltraShort Health Care	2.71%	3.29%	4.36%	3.17%	0.67%	0.00%	0.17%	1.73%	0.22%

Frequently Asked Questions

Can I hold both RXD and DLLL in my portfolio?

RXD and DLLL have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RXD or DLLL?

DLLL has higher volatility (66.89%) compared to RXD (10.51%). In terms of maximum drawdown, RXD dropped -99.65% vs DLLL's -68.58%.

Which ETF is better, RXD or DLLL?

On 1-year performance, DLLL leads with 765.95% vs -24.38% for RXD. On fees, RXD is cheaper at 0.95% per year. On volatility, RXD has been the lower-risk option at 10.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RXD or DLLL?

Over the 1-year period, DLLL has performed better with a 765.95% return vs -24.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RXD or DLLL?

RXD is cheaper with a 0.95% expense ratio, compared with 1.50% for DLLL.

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

RXD has the higher dividend yield at 2.71%, compared with 0.00% for DLLL.

What is the main difference between RXD and DLLL?

RXD tracks DJ Global United States (All) / Health Care -IND (-200%), while DLLL tracks Dell Technologies Inc. (DELL). They also come from different issuers: ProShares and GraniteShares. Their fees differ too: 0.95% for RXD and 1.50% for DLLL.

Which has better risk-adjusted returns?

DLLL currently has the higher Sharpe Ratio (5.91 vs -0.81), 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.