SKHL vs. DLLL

Last updated Jul 29, 2026

SKHL (Direxion Daily SK Hynix Bull 2X ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds - SKHL tracks the SK hynix Inc. ADR while DLLL tracks the Dell Technologies Inc. (DELL). Both are passively managed. Their 0.22 correlation means their historical movements had little consistent relationship. SKHL charges 0.97%/yr vs 1.50%/yr for DLLL.

Performance

SKHL vs. DLLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily SK Hynix Bull 2X ETF (SKHL) and GraniteShares 2x Long DELL Daily ETF (DLLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SKHL

• 1D: -11.82%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

DLLL

• 1D: -15.92%
• 1M: -6.46%
• 6M: 725.81%
• YTD: 581.40%
• 1Y: 438.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 265.58%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DLLL GraniteShares 2x Long DELL Daily ETF	$30.24M	$37.85M	$51.16M
SKHL Direxion Daily SK Hynix Bull 2X ETF	$18.07M	$16.88M	$16.88M

SKHL vs. DLLL - Yearly Performance Comparison

	2026 (YTD)
SKHL Direxion Daily SK Hynix Bull 2X ETF	-49.35%
DLLL GraniteShares 2x Long DELL Daily ETF	-28.84%

Correlation

The correlation between SKHL and DLLL is 0.22, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 15, 2026	0.22

Return for Risk

SKHL vs. DLLL — Risk / Return Rank

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

SKHL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DLLL

DLLL Risk / Return Rank: 94
DLLL Sharpe Ratio Rank: 97
DLLL Sortino Ratio Rank: 93
DLLL Omega Ratio Rank: 90
DLLL Calmar Ratio Rank: 97
DLLL Martin Ratio Rank: 91

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.

SKHL vs. DLLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SK Hynix Bull 2X ETF (SKHL) 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.

	SKHL	DLLL	Difference
Sharpe ratio: Return per unit of total volatility	—	3.18	—
Sortino ratio: Return per unit of downside risk	—	3.49	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	7.72	—
Martin ratio: Return relative to average drawdown	—	15.17	—

Drawdowns

SKHL vs. DLLL - Drawdown Comparison

The maximum SKHL drawdown since its inception was -49.35%, smaller than the maximum DLLL drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for SKHL and DLLL.

Drawdown Indicators

	SKHL	DLLL	Difference
Max Drawdown Largest peak-to-trough decline	-49.35%	-68.58%	+19.23%
Max Drawdown (1Y) Largest decline over 1 year	—	-57.19%	—
Current Drawdown Current decline from peak	-49.35%	-35.54%	-13.81%
Average Drawdown Average peak-to-trough decline	-28.05%	-25.72%	-2.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	29.06%	—

Volatility

Volatility by Period

	SKHL	DLLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	49.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	112.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	235.16%	138.85%	+96.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	235.16%	131.95%	+103.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	235.16%	131.95%	+103.21%

SKHL vs. DLLL - Expense Ratio Comparison

SKHL has a 0.97% expense ratio, which is lower than DLLL's 1.50% expense ratio.

Dividends

SKHL vs. DLLL - Dividend Comparison

Neither SKHL nor DLLL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SKHL and DLLL in my portfolio?

SKHL and DLLL have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SKHL or DLLL?

On fees, SKHL is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SKHL or DLLL?

SKHL is cheaper with a 0.97% expense ratio, compared with 1.50% for DLLL.

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

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

What is the main difference between SKHL and DLLL?

SKHL tracks SK hynix Inc. ADR, while DLLL tracks Dell Technologies Inc. (DELL). They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 0.97% for SKHL and 1.50% for DLLL.