JAPN vs DLLL

Comparison between HORIZON KINETICS JAPAN OWNER OPERATOR ETF (JAPN, ETF) and GRANITESHARES 2X LONG DELL DAILY ETF (DLLL, ETF).

JAPN vs DLLL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JAPN(ETF)	DLLL(ETF)
Net Assets	$24M	$24M
Expense Ratio	0.85%	N/A
Max Drawdown	24.13%	68.58%
Sharpe Ratio	-1.03	2.18
5Y Beta	0.71	3.61

Net Assets

JAPN

$24M

Winner

DLLL

$24M

Expense Ratio

JAPN

0.85%

DLLL

N/A

Max Drawdown

Winner

JAPN

24.13%

DLLL

68.58%

Sharpe Ratio

JAPN

-1.03

Winner

DLLL

2.18

5Y Beta

Winner

JAPN

0.71

DLLL

3.61

JAPN vs DLLL - Historical Returns

Returns include dividend reinvestment.

Period	JAPN	DLLL
1 month	-2.02%	+187.97%
3 months	-5.18%	+499.59%
6 months	-12.74%	+507.01%
1 year	-16.55%	+728.52%
Max(CAGR)	-9.35%	+353.10%

JAPN

-2.02%

Winner

DLLL

+187.97%

JAPN

-5.18%

Winner

DLLL

+499.59%

JAPN

-12.74%

Winner

DLLL

+507.01%

JAPN

-16.55%

Winner

DLLL

+728.52%

Max(CAGR)

JAPN

-9.35%

Winner

DLLL

+353.10%

JAPN vs DLLL - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	JAPN	DLLL
2026	-12.57%	+627.97%
2025	+2.79%	-3.72%

JAPN vs DLLL Drawdown Comparison

The maximum drawdown for JAPN was -23.95%, occurring on Mar 30, 2026. This drawdown has not yet recovered.

The maximum drawdown for DLLL was -68.58%, occurring on Apr 4, 2025. Recovery took 109 trading sessions.

The current JAPN drawdown is -22.03%. The current DLLL drawdown is -29.32%.

Rank	JAPN	DLLL
#1	-23.95% Aug 18, 2025 - Mar 30, 2026	-68.58% Feb 19, 2025 - Jul 28, 2025
#2	-5.63% Jun 27, 2025 - Aug 6, 2025	-57.19% Oct 8, 2025 - Mar 25, 2026
#3	-2.90% May 27, 2025 - Jun 2, 2025	-29.32% Jun 1, 2026 - Jun 5, 2026
#4	-1.52% Jun 12, 2025 - Jun 24, 2025	-28.28% Aug 12, 2025 - Oct 1, 2025
#5	-1.34% May 20, 2025 - May 27, 2025	-21.26% Mar 25, 2026 - Apr 13, 2026
#6	-1.04% Aug 7, 2025 - Aug 18, 2025	-18.53% May 8, 2026 - May 22, 2026
#7	-1.00% Jun 2, 2025 - Jun 9, 2025	-12.87% Apr 13, 2026 - Apr 16, 2026
#8	-0.36% May 16, 2025 - May 20, 2025	-11.63% Oct 1, 2025 - Oct 7, 2025
#9	-0.07% Jun 24, 2025 - Jun 26, 2025	-9.80% Apr 24, 2026 - May 5, 2026
#10	N/A	-9.75% Jul 28, 2025 - Aug 8, 2025
#11	N/A	-7.59% May 6, 2026 - May 8, 2026
#12	N/A	-1.92% Apr 22, 2026 - Apr 24, 2026
#13	N/A	-0.06% May 26, 2026 - May 28, 2026

Correlation

Correlation between JAPN and DLLL is -0.62 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.62

-101