TBXU vs. DLLL
TBXU (Direxion Daily Biotech Top 5 Bull 2X ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds. TBXU is actively managed, while DLLL is passively managed. At a 0.08 correlation, their price movements are largely independent. TBXU charges 0.98%/yr vs 1.50%/yr for DLLL.
Performance
TBXU vs. DLLL - Performance Comparison
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Returns By Period
In the year-to-date period, TBXU achieves a -1.39% return, which is significantly lower than DLLL's 647.22% return.
TBXU
- 1D
- 4.10%
- 1M
- 1.42%
- YTD
- -1.39%
- 6M
- -3.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DLLL
- 1D
- -12.98%
- 1M
- 138.15%
- YTD
- 647.22%
- 6M
- 507.01%
- 1Y
- 728.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TBXU vs. DLLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | -1.39% | 18.24% |
DLLL GraniteShares 2x Long DELL Daily ETF | 647.22% | -33.79% |
Correlation
The correlation between TBXU and DLLL is 0.08, 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 Oct 2, 2025 | 0.08 |
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Return for Risk
TBXU vs. DLLL — Risk / Return Rank
TBXU
DLLL
TBXU vs. DLLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Biotech Top 5 Bull 2X ETF (TBXU) 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.
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Sharpe Ratios by Period
| TBXU | DLLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 5.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 2.72 | -2.10 |
Drawdowns
TBXU vs. DLLL - Drawdown Comparison
The maximum TBXU drawdown since its inception was -26.53%, smaller than the maximum DLLL drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for TBXU and DLLL.
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Drawdown Indicators
| TBXU | DLLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.53% | -68.58% | +42.05% |
Max Drawdown (1Y)Largest decline over 1 year | — | -57.19% | — |
Current DrawdownCurrent decline from peak | -17.29% | -29.32% | +12.03% |
Average DrawdownAverage peak-to-trough decline | -8.79% | -25.90% | +17.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 27.45% | — |
Volatility
TBXU vs. DLLL - Volatility Comparison
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Volatility by Period
| TBXU | DLLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 70.79% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 103.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.38% | 129.93% | -88.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.38% | 130.73% | -89.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.38% | 130.73% | -89.35% |
TBXU vs. DLLL - Expense Ratio Comparison
TBXU has a 0.98% expense ratio, which is lower than DLLL's 1.50% expense ratio.
Dividends
TBXU vs. DLLL - Dividend Comparison
TBXU's dividend yield for the trailing twelve months is around 1.68%, while DLLL has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
DLLL GraniteShares 2x Long DELL Daily ETF | 0.00% | 0.00% |
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | 1.68% | 1.33% |
Frequently Asked Questions
TBXU and DLLL have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TBXU is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TBXU is cheaper with a 0.98% expense ratio, compared with 1.50% for DLLL.
TBXU has the higher dividend yield at 1.68%, compared with 0.00% for DLLL.
They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 0.98% for TBXU and 1.50% for DLLL.
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