TDAX vs. DLLL
TDAX (TDAQ Lift ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds. TDAX is actively managed, while DLLL is passively managed. At a 0.48 correlation, their price movements are largely independent. TDAX charges 0.98%/yr vs 1.50%/yr for DLLL.
Performance
TDAX vs. DLLL - Performance Comparison
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Returns By Period
TDAX
- 1D
- -4.29%
- 1M
- -2.95%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DLLL
- 1D
- 4.21%
- 1M
- 89.37%
- YTD
- 762.51%
- 6M
- 738.64%
- 1Y
- 765.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDAX vs. DLLL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TDAX TDAQ Lift ETF | 13.76% |
DLLL GraniteShares 2x Long DELL Daily ETF | 792.42% |
Correlation
The correlation between TDAX and DLLL is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026 | 0.48 |
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Return for Risk
TDAX vs. DLLL — Risk / Return Rank
TDAX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DLLL
TDAX vs. DLLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TDAQ Lift ETF (TDAX) 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.
| TDAX | DLLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.56 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 13.52 | — |
| Martin ratioReturn relative to average drawdown | — | 27.52 | — |
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Drawdowns
TDAX vs. DLLL - Drawdown Comparison
The maximum TDAX drawdown since its inception was -14.69%, smaller than the maximum DLLL drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for TDAX and DLLL.
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Drawdown Indicators
| TDAX | DLLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.69% | -68.58% | +53.89% |
Max Drawdown (1Y)Largest decline over 1 year | — | -57.19% | — |
Current DrawdownCurrent decline from peak | -6.56% | -18.41% | +11.85% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -25.86% | +22.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 28.05% | — |
Volatility
TDAX vs. DLLL - Volatility Comparison
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Volatility by Period
| TDAX | DLLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 66.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 102.56% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.01% | 131.00% | -103.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.01% | 129.67% | -102.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.01% | 129.67% | -102.66% |
TDAX vs. DLLL - Expense Ratio Comparison
TDAX has a 0.98% expense ratio, which is lower than DLLL's 1.50% expense ratio.
Dividends
TDAX vs. DLLL - Dividend Comparison
TDAX's dividend yield for the trailing twelve months is around 8.91%, while DLLL has not paid dividends to shareholders.
| Position | TTM |
|---|---|
DLLL GraniteShares 2x Long DELL Daily ETF | 0.00% |
TDAX TDAQ Lift ETF | 8.91% |
Frequently Asked Questions
TDAX and DLLL have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TDAX is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TDAX is cheaper with a 0.98% expense ratio, compared with 1.50% for DLLL.
TDAX has the higher dividend yield at 8.91%, compared with 0.00% for DLLL.
They also come from different issuers: TappAlpha and GraniteShares. Their fees differ too: 0.98% for TDAX and 1.50% for DLLL.
Find the right allocation for TDAX and DLLL
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