SBU vs. DLLL

Last updated Jun 5, 2026

SBU (Leverage Shares 2X Long SBUX Daily ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds. SBU is actively managed, while DLLL is passively managed. At a correlation of -0.02, they often move in opposite directions. SBU charges 0.75%/yr vs 1.50%/yr for DLLL.

Performance

SBU vs. DLLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long SBUX Daily ETF (SBU) 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, SBU achieves a 17.25% return, which is significantly lower than DLLL's 758.72% return.

SBU

• 1D: -3.67%
• 1M: -19.62%
• YTD: 17.25%
• 6M: 12.96%
• 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)

SBU vs. DLLL - Yearly Performance Comparison

	2026 (YTD)	2025
SBU Leverage Shares 2X Long SBUX Daily ETF	17.25%	-0.84%
DLLL GraniteShares 2x Long DELL Daily ETF	758.72%	2.01%

Correlation

The correlation between SBU and DLLL is -0.02, 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 (All Time) Calculated using the full available price history since Nov 18, 2025	-0.02

Return for Risk

SBU 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.

SBU vs. DLLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SBUX Daily ETF (SBU) 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

	SBU	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	0.54	3.14	-2.60

Drawdowns

SBU vs. DLLL - Drawdown Comparison

The maximum SBU drawdown since its inception was -28.10%, smaller than the maximum DLLL drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for SBU and DLLL.

Drawdown Indicators

	SBU	DLLL	Difference
Max Drawdown Largest peak-to-trough decline	-28.10%	-68.58%	+40.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-57.19%	—
Current Drawdown Current decline from peak	-22.93%	-18.77%	-4.16%
Average Drawdown Average peak-to-trough decline	-6.68%	-25.89%	+19.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	27.39%	—

Volatility

Volatility by Period

	SBU	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	59.79%	129.16%	-69.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.79%	130.36%	-70.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.79%	130.36%	-70.57%

SBU vs. DLLL - Expense Ratio Comparison

SBU has a 0.75% expense ratio, which is lower than DLLL's 1.50% expense ratio.

Dividends

SBU vs. DLLL - Dividend Comparison

Neither SBU nor DLLL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SBU and DLLL in my portfolio?

SBU and DLLL have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SBU or DLLL?

On fees, SBU is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SBU or DLLL?

SBU is cheaper with a 0.75% expense ratio, compared with 1.50% for DLLL.

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

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

What is the main difference between SBU and DLLL?

They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for SBU and 1.50% for DLLL.