# DLLL (GraniteShares 2x Long DELL Daily ETF)

GraniteShares · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: DLLL returned +71.7% where its own daily promise gave +75.5%, 3.8 points short.

## Key facts

- DLLL, what DELL did: +42.9%, as of Oct 2, 2026.
- DLLL, what 2 times a day gives: +75.5%, as of Oct 2, 2026.
- DLLL, what the fund returned: +71.7%, as of Oct 2, 2026.
- DLLL, the fund itself cost: −3.8 pts, as of Oct 2, 2026.
- DLLL, net assets: $225m (issuer page, as of Oct 1, 2026).
- DLLL, expense ratio: 1.50% (485BPOS XBRL, Oct 24, 2025).

## DLLL over each window to Oct 2, 2026

| Window | Fund | DELL | +2x the move | Difference | DELL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +25.0% | +14.3% | +28.6% | −3.5 pts | 65% |
| 3 months | +71.7% | +42.9% | +85.8% | −14.1 pts | 79% |
| 6 months | +618.7% | +224.1% | not meaningful over this window | not meaningful over this window | 89% |
| 1 year | +742.8% | +286.6% | not meaningful over this window | not meaningful over this window | 75% |
| Since launch | +1089.2% | +422.1% | 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 | +1.67 times, against +2 stated | ETFIQ |
| Underlying | DELL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $225m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Oct 24, 2025 |
| Launched | Feb 13, 2025 | ETFIQ |
| Underlying volatility over the window | 79% annualized | ETFIQ |

## Questions

### Did DLLL return +2 times DELL?

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.

### 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 Oct 2, 2026. https://etfiq.com/funds/dlll
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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