UPSG vs. DLLL
UPSG (Leverage Shares 2X Long UPS Daily ETF) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds. UPSG is actively managed, while DLLL is passively managed. At a 0.24 correlation, their price movements are largely independent. UPSG charges 0.75%/yr vs 1.50%/yr for DLLL.
Performance
UPSG vs. DLLL - Performance Comparison
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Returns By Period
In the year-to-date period, UPSG achieves a 16.33% return, which is significantly lower than DLLL's 757.76% return.
UPSG
- 1D
- -0.13%
- 1M
- 30.08%
- YTD
- 16.33%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DLLL
- 1D
- -6.45%
- 1M
- 245.92%
- YTD
- 757.76%
- 6M
- 648.38%
- 1Y
- 850.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UPSG vs. DLLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UPSG Leverage Shares 2X Long UPS Daily ETF | 16.33% | -2.59% |
DLLL GraniteShares 2x Long DELL Daily ETF | 757.76% | -18.71% |
Correlation
The correlation between UPSG and DLLL is 0.24, 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 Dec 12, 2025 | 0.24 |
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Return for Risk
UPSG vs. DLLL — Risk / Return Rank
UPSG
DLLL
UPSG vs. DLLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long UPS Daily ETF (UPSG) 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
| UPSG | DLLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 6.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 3.16 | -2.63 |
Drawdowns
UPSG vs. DLLL - Drawdown Comparison
The maximum UPSG drawdown since its inception was -37.29%, smaller than the maximum DLLL drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for UPSG and DLLL.
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Drawdown Indicators
| UPSG | DLLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.29% | -68.58% | +31.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -57.19% | — |
Current DrawdownCurrent decline from peak | -18.43% | -18.86% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -16.93% | -25.91% | +8.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 27.36% | — |
Volatility
UPSG vs. DLLL - Volatility Comparison
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Volatility by Period
| UPSG | DLLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 69.39% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 102.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 58.91% | 129.28% | -70.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.91% | 130.55% | -71.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.91% | 130.55% | -71.64% |
UPSG vs. DLLL - Expense Ratio Comparison
UPSG has a 0.75% expense ratio, which is lower than DLLL's 1.50% expense ratio.
Dividends
UPSG vs. DLLL - Dividend Comparison
Neither UPSG nor DLLL has paid dividends to shareholders.
Frequently Asked Questions
UPSG and DLLL have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UPSG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UPSG is cheaper with a 0.75% expense ratio, compared with 1.50% for DLLL.
UPSG and DLLL have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for UPSG and 1.50% for DLLL.
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