DLLL vs IVV
GraniteShares 2x Long DELL Daily ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. DLLL delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | DLLL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.50% | 0.03% | |
| AUM | $150M | $907.0B | |
| Dividend Yield | 0.00% | 1.10% | |
| Holdings | 2 | 508 | |
| YTD Return | +699.76% | +12.71% | |
| 1Y Return | +621.67% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 224.9% | 15.1% | |
| Max Drawdown | -68.6% | -56.5% | |
| Fund Family | GraniteShares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 13, 2025 | May 15, 2000 |
DLLL vs IVV Performance
GraniteShares 2x Long DELL Daily ETF (DLLL) is a ETF from GraniteShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DLLL returned +621.67% while IVV returned +21.89%. Year to date, DLLL is up 699.76% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
DLLL has been the more volatile fund, with annualized monthly volatility of 224.9% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -68.6% for DLLL and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DLLL charges 1.50% per year while IVV charges 0.03%. On a $10,000 position that is $150 vs $3 annually, a gap of $147 per year that compounds over a long holding period. On income, DLLL currently yields 0.00% against 1.10% for IVV.
Holdings Overlap
DLLL and IVV share 1 holdings out of 505 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DLLL | Weight in IVV | Difference |
|---|---|---|---|
| DELL | 66.69% | 0.18% | 66.51% |
Frequently Asked Questions
Which is cheaper, DLLL or IVV?
DLLL has an expense ratio of 1.50% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $147 per year of difference.
Which performed better, DLLL or IVV?
Over the past year DLLL returned +621.67% vs +21.89% for IVV, so DLLL leads on 1-year performance. Over the longest common window we track (2 years), DLLL annualized +290.76% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, DLLL or IVV?
DLLL has been the more volatile fund at 224.9% annualized versus 15.1% for IVV. Worst drawdown: DLLL -68.6% vs IVV -56.5%.
Should I hold both DLLL and IVV?
DLLL and IVV have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DLLL and IVV?
DLLL and IVV share 1 common holdings with a 0.2% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, DLLL or IVV?
DLLL yields 0.00% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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