SMU vs. DLLL
SMU (Tradr 2X Long SMR Daily ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds. SMU is actively managed, while DLLL is passively managed. Over the past year, SMU returned -99.22% vs 540.38% for DLLL. At a 0.29 correlation, their price movements are largely independent. SMU charges 1.30%/yr vs 1.50%/yr for DLLL.
Performance
SMU vs. DLLL - Performance Comparison
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Returns By Period
In the year-to-date period, SMU achieves a -84.70% return, which is significantly lower than DLLL's 589.77% return.
SMU
- 1D
- -16.70%
- 1M
- -44.43%
- 6M
- -90.92%
- YTD
- -84.70%
- 1Y
- -99.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DLLL
- 1D
- -10.21%
- 1M
- -10.70%
- 6M
- 667.04%
- YTD
- 589.77%
- 1Y
- 540.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMU vs. DLLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMU Tradr 2X Long SMR Daily ETF | -84.70% | -91.57% |
DLLL GraniteShares 2x Long DELL Daily ETF | 589.77% | -13.30% |
Correlation
The correlation between SMU and DLLL is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025 | 0.29 |
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Return for Risk
SMU vs. DLLL — Risk / Return Rank
SMU
DLLL
SMU vs. DLLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long SMR Daily ETF (SMU) 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.
| SMU | DLLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.49 | ||
| Sortino ratioReturn per unit of downside risk | -5.81 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.46 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 9.53 | -10.53 |
| Martin ratioReturn relative to average drawdown | -1.19 | 19.00 | -20.18 |
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Drawdowns
SMU vs. DLLL - Drawdown Comparison
The maximum SMU drawdown since its inception was -99.35%, which is greater than DLLL's maximum drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for SMU and DLLL.
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Drawdown Indicators
| SMU | DLLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.35% | -68.58% | -30.77% |
Max Drawdown (1Y)Largest decline over 1 year | -99.35% | -57.19% | -42.16% |
Current DrawdownCurrent decline from peak | -99.35% | -34.75% | -64.60% |
Average DrawdownAverage peak-to-trough decline | -78.19% | -25.70% | -52.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 83.46% | 28.64% | +54.82% |
Volatility
SMU vs. DLLL - Volatility Comparison
Tradr 2X Long SMR Daily ETF (SMU) and GraniteShares 2x Long DELL Daily ETF (DLLL) have volatilities of 44.07% and 43.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMU | DLLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.07% | 43.56% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 132.95% | 110.12% | +22.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 199.44% | 136.53% | +62.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 200.29% | 131.16% | +69.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 200.29% | 131.16% | +69.13% |
SMU vs. DLLL - Expense Ratio Comparison
SMU has a 1.30% expense ratio, which is lower than DLLL's 1.50% expense ratio.
Dividends
SMU vs. DLLL - Dividend Comparison
Neither SMU nor DLLL has paid dividends to shareholders.
Frequently Asked Questions
SMU and DLLL have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMU has higher volatility (44.07%) compared to DLLL (43.56%). In terms of maximum drawdown, SMU dropped -99.35% vs DLLL's -68.58%.
On 1-year performance, DLLL leads with 540.38% vs -99.22% for SMU. On fees, SMU is cheaper at 1.30% per year. On volatility, DLLL has been the lower-risk option at 43.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DLLL has performed better with a 540.38% return vs -99.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SMU is cheaper with a 1.30% expense ratio, compared with 1.50% for DLLL.
SMU and DLLL have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr and GraniteShares. Their fees differ too: 1.30% for SMU and 1.50% for DLLL.
DLLL currently has the higher Sharpe Ratio (4.00 vs -0.50), 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.
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