# DLLL (GraniteShares 2x Long DELL Daily ETF)

GraniteShares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: DLLL returned +72.1% where its own daily promise gave +77.2%, 5.1 points short.

## Key facts

- DLLL, what DELL did: +43.6%, as of Sep 11, 2026.
- DLLL, what +2 times a day gives: +77.2%, as of Sep 11, 2026.
- DLLL, what the fund returned: +72.1%, as of Sep 11, 2026.
- DLLL, the fund itself cost: −5.1 pts, as of Sep 11, 2026.
- DLLL, net assets: $161m (source, as filed for Jun 30, 2026).
- DLLL, expense ratio: 1.50% (485BPOS XBRL, Oct 24, 2025).

## DLLL over each window to Sep 11, 2026

| Window | Fund | DELL | +2x the move | Difference | DELL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +28.2% | +17.1% | +34.2% | −6.0 pts | 84% |
| 3 months | +72.1% | +43.6% | +87.3% | −15.2 pts | 80% |
| 6 months | +861.5% | +275.9% | not meaningful over this window | not meaningful over this window | 89% |
| 1 year | +1092.9% | +358.3% | not meaningful over this window | not meaningful over this window | 75% |
| Since launch | +1135.2% | +426.6% | not meaningful over this window | not meaningful over this window | 68% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of DELL, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.65 times, against +2 stated | ETFIQ |
| Underlying | DELL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $161m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Oct 24, 2025 |
| Launched | Feb 13, 2025 | ETFIQ |
| Underlying volatility over the window | 80% annualized | ETFIQ |

## Questions

### Did DLLL return +2 times DELL?

Over the window to Sep 11, 2026, DELL moved +43.6% and DLLL returned +72.1%. 2 times that move is +87.3%, so the fund came out 15.2 points short of it.

### Why does DLLL not return +2 times over a year?

Because it resets daily. DLLL aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, DLLL, data as of Sep 11, 2026. https://etfiq.com/funds/DLLL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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