TARK vs. DLLL

Last updated Jun 24, 2026

TARK (Tradr 2X Long Innovation ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds. TARK is actively managed, while DLLL is passively managed. Over the past year, TARK returned 1.64% vs 765.95% for DLLL. A 0.50 correlation means they provide meaningful diversification when combined. TARK charges 1.15%/yr vs 1.50%/yr for DLLL.

Performance

TARK vs. DLLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long Innovation ETF (TARK) 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, TARK achieves a -10.45% return, which is significantly lower than DLLL's 762.51% return.

TARK

• 1D: -4.11%
• 1M: -0.84%
• YTD: -10.45%
• 6M: -18.36%
• 1Y: 1.64%
• 3Y*: 18.03%
• 5Y*: —
• 10Y*: —

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)

TARK vs. DLLL - Yearly Performance Comparison

	2026 (YTD)	2025
TARK Tradr 2X Long Innovation ETF	-10.45%	18.21%
DLLL GraniteShares 2x Long DELL Daily ETF	762.51%	-3.72%

Correlation

The correlation between TARK and DLLL is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.50

The correlation between TARK and DLLL has been stable across timeframes, ranging from 0.42 to 0.50 - a consistent structural relationship.

Return for Risk

TARK vs. DLLL — Risk / Return Rank

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

TARK

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

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.

TARK vs. DLLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Innovation ETF (TARK) 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.

	TARK	DLLL	Difference
Sharpe ratio: Return per unit of total volatility	0.02	5.91	-5.88
Sortino ratio: Return per unit of downside risk	0.54	4.55	-4.01
Omega ratio: Gain probability vs. loss probability	1.06	1.56	-0.50
Calmar ratio: Return relative to maximum drawdown	0.03	13.52	-13.50
Martin ratio: Return relative to average drawdown	0.05	27.52	-27.47

TARK vs. DLLL - Sharpe Ratio Comparison

The current TARK Sharpe Ratio is 0.02, which is lower than the DLLL Sharpe Ratio of 5.91. The chart below compares the historical Sharpe Ratios of TARK 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

TARK vs. DLLL - Drawdown Comparison

The maximum TARK drawdown since its inception was -77.82%, which is greater than DLLL's maximum drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for TARK and DLLL.

Drawdown Indicators

	TARK	DLLL	Difference
Max Drawdown Largest peak-to-trough decline	-77.82%	-68.58%	-9.24%
Max Drawdown (1Y) Largest decline over 1 year	-57.57%	-57.19%	-0.38%
Max Drawdown (3Y) Largest decline over 3 years	-65.55%	—	—
Current Drawdown Current decline from peak	-41.07%	-18.41%	-22.66%
Average Drawdown Average peak-to-trough decline	-50.80%	-25.86%	-24.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.71%	28.05%	+2.66%

Volatility

TARK vs. DLLL - Volatility Comparison

The current volatility for Tradr 2X Long Innovation ETF (TARK) is 24.92%, while GraniteShares 2x Long DELL Daily ETF (DLLL) has a volatility of 66.89%. This indicates that TARK 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

	TARK	DLLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.92%	66.89%	-41.97%
Volatility (6M) Calculated over the trailing 6-month period	53.17%	102.56%	-49.39%
Volatility (1Y) Calculated over the trailing 1-year period	71.40%	131.00%	-59.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.67%	129.67%	-39.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.67%	129.67%	-39.00%

TARK vs. DLLL - Expense Ratio Comparison

TARK has a 1.15% expense ratio, which is lower than DLLL's 1.50% expense ratio.

Dividends

TARK vs. DLLL - Dividend Comparison

TARK's dividend yield for the trailing twelve months is around 33.49%, while DLLL has not paid dividends to shareholders.

Position	TTM	2025	2024
DLLL GraniteShares 2x Long DELL Daily ETF	0.00%	0.00%	0.00%
TARK Tradr 2X Long Innovation ETF	33.49%	30.00%	0.59%

Frequently Asked Questions

Can I hold both TARK and DLLL in my portfolio?

TARK and DLLL have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TARK or DLLL?

DLLL has higher volatility (66.89%) compared to TARK (24.92%). In terms of maximum drawdown, TARK dropped -77.82% vs DLLL's -68.58%.

Which ETF is better, TARK or DLLL?

On 1-year performance, DLLL leads with 765.95% vs 1.64% for TARK. On fees, TARK is cheaper at 1.15% per year. On volatility, TARK has been the lower-risk option at 24.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TARK or DLLL?

Over the 1-year period, DLLL has performed better with a 765.95% return vs 1.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TARK or DLLL?

TARK is cheaper with a 1.15% expense ratio, compared with 1.50% for DLLL.

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

TARK has the higher dividend yield at 33.49%, compared with 0.00% for DLLL.

What is the main difference between TARK and DLLL?

They also come from different issuers: AXS and GraniteShares. Their fees differ too: 1.15% for TARK and 1.50% for DLLL.

Which has better risk-adjusted returns?

DLLL currently has the higher Sharpe Ratio (5.91 vs 0.02), 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.