WTIU vs. DLLL

Last updated Jun 4, 2026

WTIU (MicroSectors Energy 3X Leveraged ETN) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds - WTIU tracks the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%) while DLLL tracks the Dell Technologies Inc. (DELL). Both are passively managed. Over the past year, WTIU returned 103.25% vs 850.63% for DLLL. At a 0.13 correlation, their price movements are largely independent. WTIU charges 0.95%/yr vs 1.50%/yr for DLLL.

Performance

WTIU vs. DLLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Energy 3X Leveraged ETN (WTIU) 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, WTIU achieves a 91.57% return, which is significantly lower than DLLL's 757.76% return.

WTIU

• 1D: 4.02%
• 1M: -7.74%
• YTD: 91.57%
• 6M: 66.33%
• 1Y: 103.25%
• 3Y*: 5.93%
• 5Y*: —
• 10Y*: —

DLLL

• 1D: -6.45%
• 1M: 245.92%
• YTD: 757.76%
• 6M: 648.38%
• 1Y: 850.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WTIU vs. DLLL - Yearly Performance Comparison

	2026 (YTD)	2025
WTIU MicroSectors Energy 3X Leveraged ETN	91.57%	-22.52%
DLLL GraniteShares 2x Long DELL Daily ETF	757.76%	-3.72%

Correlation

The correlation between WTIU and DLLL is 0.03, 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 (1Y) Calculated over the trailing 1-year period	0.03
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	0.13

The correlation between WTIU and DLLL shifts across timeframes, from 0.03 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

WTIU vs. DLLL - Sectors Allocation Comparison

Sectors	WTIU	DLLL
Energy	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	66.7%
Utilities	-	-

Return for Risk

WTIU vs. DLLL — Risk / Return Rank

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

WTIU

WTIU Risk / Return Rank: 43
WTIU Sharpe Ratio Rank: 43
WTIU Sortino Ratio Rank: 38
WTIU Omega Ratio Rank: 37
WTIU Calmar Ratio Rank: 54
WTIU Martin Ratio Rank: 41

DLLL

DLLL Risk / Return Rank: 95
DLLL Sharpe Ratio Rank: 99
DLLL Sortino Ratio Rank: 94
DLLL Omega Ratio Rank: 91
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.

WTIU vs. DLLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy 3X Leveraged ETN (WTIU) 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.

	WTIU	DLLL	Difference
Sharpe ratio: Return per unit of total volatility	1.54	6.65	-5.11
Sortino ratio: Return per unit of downside risk	2.00	4.81	-2.82
Omega ratio: Gain probability vs. loss probability	1.25	1.60	-0.35
Calmar ratio: Return relative to maximum drawdown	2.65	15.02	-12.37
Martin ratio: Return relative to average drawdown	6.55	31.34	-24.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WTIU vs. DLLL - Sharpe Ratio Comparison

The current WTIU Sharpe Ratio is 1.54, which is lower than the DLLL Sharpe Ratio of 6.65. The chart below compares the historical Sharpe Ratios of WTIU 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.

Sharpe Ratios by Period

	WTIU	DLLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	6.65	-5.11
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	3.16	-3.25

Drawdowns

WTIU vs. DLLL - Drawdown Comparison

The maximum WTIU drawdown since its inception was -75.73%, which is greater than DLLL's maximum drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for WTIU and DLLL.

Drawdown Indicators

	WTIU	DLLL	Difference
Max Drawdown Largest peak-to-trough decline	-75.73%	-68.58%	-7.15%
Max Drawdown (1Y) Largest decline over 1 year	-39.11%	-57.19%	+18.08%
Max Drawdown (3Y) Largest decline over 3 years	-75.73%	—	—
Current Drawdown Current decline from peak	-32.10%	-18.86%	-13.24%
Average Drawdown Average peak-to-trough decline	-39.19%	-25.91%	-13.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.83%	27.36%	-11.53%

Volatility

WTIU vs. DLLL - Volatility Comparison

The current volatility for MicroSectors Energy 3X Leveraged ETN (WTIU) is 27.06%, while GraniteShares 2x Long DELL Daily ETF (DLLL) has a volatility of 69.39%. This indicates that WTIU 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

	WTIU	DLLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.06%	69.39%	-42.33%
Volatility (6M) Calculated over the trailing 6-month period	54.98%	102.08%	-47.10%
Volatility (1Y) Calculated over the trailing 1-year period	67.51%	129.28%	-61.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.62%	130.55%	-59.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.62%	130.55%	-59.93%

WTIU vs. DLLL - Expense Ratio Comparison

WTIU has a 0.95% expense ratio, which is lower than DLLL's 1.50% expense ratio.

Dividends

WTIU vs. DLLL - Dividend Comparison

Neither WTIU nor DLLL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WTIU and DLLL in my portfolio?

WTIU and DLLL have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WTIU or DLLL?

DLLL has higher volatility (69.39%) compared to WTIU (27.06%). In terms of maximum drawdown, WTIU dropped -75.73% vs DLLL's -68.58%.

Which ETF is better, WTIU or DLLL?

On 1-year performance, DLLL leads with 850.63% vs 103.25% for WTIU. On fees, WTIU is cheaper at 0.95% per year. On volatility, WTIU has been the lower-risk option at 27.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WTIU or DLLL?

Over the 1-year period, DLLL has performed better with a 850.63% return vs 103.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WTIU or DLLL?

WTIU is cheaper with a 0.95% expense ratio, compared with 1.50% for DLLL.

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

WTIU and DLLL have nearly identical dividend yields, around 0.00%.

What is the main difference between WTIU and DLLL?

WTIU tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while DLLL tracks Dell Technologies Inc. (DELL). They also come from different issuers: REX and GraniteShares. Their fees differ too: 0.95% for WTIU and 1.50% for DLLL.

Which has better risk-adjusted returns?

DLLL currently has the higher Sharpe Ratio (6.65 vs 1.54), 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.