{
 "ticker": "DLLL",
 "name": "GraniteShares 2x Long DELL Daily ETF",
 "issuer": "GraniteShares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/dlll",
 "html": "https://etfiq.com/funds/dlll",
 "markdown": "https://etfiq.com/funds/dlll.md",
 "as_of": "2026-10-02",
 "verdict": "Three months to Oct 2, 2026: DLLL returned +71.7% where its own daily promise gave +75.5%, 3.8 points short.",
 "key_facts": [
  {
   "key": "what_dell_did",
   "label": "What DELL did",
   "value": "+42.9%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "DLLL, what DELL did: +42.9%, as of Oct 2, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "+75.5%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "DLLL, what 2 times a day gives: +75.5%, as of Oct 2, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+71.7%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "DLLL, what the fund returned: +71.7%, as of Oct 2, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22123.8 pts",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "DLLL, the fund itself cost: \u22123.8 pts, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$225m",
   "source": "issuer page, as of Oct 1, 2026",
   "as_of": "2026-10-02",
   "sentence": "DLLL, net assets: $225m (issuer page, as of Oct 1, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.50%",
   "source": "485BPOS XBRL, Oct 24, 2025",
   "as_of": "2026-10-02",
   "sentence": "DLLL, expense ratio: 1.50% (485BPOS XBRL, Oct 24, 2025)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of DELL, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.67 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "DELL",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$225m",
   "source": "issuer page, as of Oct 1, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.50%",
   "source": "485BPOS XBRL, Oct 24, 2025"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Feb 13, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "79% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+25.0%",
   "DELL": "+14.3%",
   "+2x the move": "+28.6%",
   "Difference": "\u22123.5 pts",
   "DELL moved about": "65%"
  },
  {
   "window": "3 months",
   "Fund": "+71.7%",
   "DELL": "+42.9%",
   "+2x the move": "+85.8%",
   "Difference": "\u221214.1 pts",
   "DELL moved about": "79%"
  },
  {
   "window": "6 months",
   "Fund": "+618.7%",
   "DELL": "+224.1%",
   "+2x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "DELL moved about": "89%"
  },
  {
   "window": "1 year",
   "Fund": "+742.8%",
   "DELL": "+286.6%",
   "+2x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "DELL moved about": "75%"
  },
  {
   "window": "Since launch",
   "Fund": "+1089.2%",
   "DELL": "+422.1%",
   "+2x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "DELL moved about": "68%"
  }
 ],
 "questions": [
  {
   "q": "Did DLLL return +2 times DELL?",
   "a": "Over the window to Oct 2, 2026, DELL moved +42.9% and DLLL returned +71.7%. 2 times that move is +85.8%, so the fund came out 14.1 points short of it."
  },
  {
   "q": "Why does DLLL not return +2 times over a year?",
   "a": "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."
  }
 ],
 "generated": "2026-10-03",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}