AAOI vs. GGLL

Last updated Jun 4, 2026

AAOI (Applied Optoelectronics, Inc.) is a stock, while GGLL (Direxion Daily GOOGL Bull 2X Shares) is Leveraged Equities fund tracking the Alphabet Inc. Class A (200%). Over the past 3 years, AAOI returned 332.83%/yr vs 65.97%/yr for GGLL. At a 0.24 correlation, their price movements are largely independent.

Performance

AAOI vs. GGLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Optoelectronics, Inc. (AAOI) and Direxion Daily GOOGL Bull 2X Shares (GGLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAOI achieves a 428.03% return, which is significantly higher than GGLL's 22.24% return.

AAOI

• 1D: -9.04%
• 1M: 6.41%
• YTD: 428.03%
• 6M: 617.62%
• 1Y: 998.27%
• 3Y*: 332.83%
• 5Y*: 85.24%
• 10Y*: 32.59%

GGLL

• 1D: -1.40%
• 1M: -13.22%
• YTD: 22.24%
• 6M: 15.91%
• 1Y: 293.20%
• 3Y*: 65.97%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAOI vs. GGLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AAOI Applied Optoelectronics, Inc.	428.03%	-5.43%	90.79%	922.22%	-18.18%
GGLL Direxion Daily GOOGL Bull 2X Shares	22.24%	123.07%	48.88%	81.20%	-30.35%

Correlation

The correlation between AAOI and GGLL is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022	0.24

Return for Risk

AAOI vs. GGLL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAOI

AAOI Risk / Return Rank: 98
AAOI Sharpe Ratio Rank: 99
AAOI Sortino Ratio Rank: 96
AAOI Omega Ratio Rank: 94
AAOI Calmar Ratio Rank: 99
AAOI Martin Ratio Rank: 99

GGLL

GGLL Risk / Return Rank: 94
GGLL Sharpe Ratio Rank: 97
GGLL Sortino Ratio Rank: 94
GGLL Omega Ratio Rank: 90
GGLL Calmar Ratio Rank: 94
GGLL Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAOI vs. GGLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Optoelectronics, Inc. (AAOI) and Direxion Daily GOOGL Bull 2X Shares (GGLL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AAOI	GGLL	Difference
Sharpe ratio: Return per unit of total volatility	7.37	5.07	+2.30
Sortino ratio: Return per unit of downside risk	4.58	4.96	-0.37
Omega ratio: Gain probability vs. loss probability	1.53	1.60	-0.07
Calmar ratio: Return relative to maximum drawdown	21.18	7.69	+13.48
Martin ratio: Return relative to average drawdown	59.65	26.53	+33.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AAOI vs. GGLL - Sharpe Ratio Comparison

The current AAOI Sharpe Ratio is 7.37, which is higher than the GGLL Sharpe Ratio of 5.07. The chart below compares the historical Sharpe Ratios of AAOI and GGLL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AAOI	GGLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.37	5.07	+2.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.99	-0.70

Drawdowns

AAOI vs. GGLL - Drawdown Comparison

The maximum AAOI drawdown since its inception was -98.49%, which is greater than GGLL's maximum drawdown of -52.81%. Use the drawdown chart below to compare losses from any high point for AAOI and GGLL.

Drawdown Indicators

	AAOI	GGLL	Difference
Max Drawdown Largest peak-to-trough decline	-98.49%	-52.81%	-45.68%
Max Drawdown (1Y) Largest decline over 1 year	-47.64%	-38.39%	-9.25%
Max Drawdown (3Y) Largest decline over 3 years	-77.17%	-52.81%	-24.36%
Max Drawdown (5Y) Largest decline over 5 years	-83.07%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-98.49%	—	—
Current Drawdown Current decline from peak	-17.49%	-21.02%	+3.53%
Average Drawdown Average peak-to-trough decline	-65.79%	-15.17%	-50.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.88%	11.11%	+5.77%

Volatility

AAOI vs. GGLL - Volatility Comparison

Applied Optoelectronics, Inc. (AAOI) has a higher volatility of 42.89% compared to Direxion Daily GOOGL Bull 2X Shares (GGLL) at 16.60%. This indicates that AAOI's price experiences larger fluctuations and is considered to be riskier than GGLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAOI	GGLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	42.89%	16.60%	+26.29%
Volatility (6M) Calculated over the trailing 6-month period	107.15%	40.70%	+66.45%
Volatility (1Y) Calculated over the trailing 1-year period	137.01%	58.40%	+78.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	118.73%	56.03%	+62.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.94%	56.03%	+41.91%

Dividends

AAOI vs. GGLL - Dividend Comparison

AAOI has not paid dividends to shareholders, while GGLL's dividend yield for the trailing twelve months is around 3.73%.

Position	TTM	2025	2024	2023	2022
AAOI Applied Optoelectronics, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%
GGLL Direxion Daily GOOGL Bull 2X Shares	3.73%	4.16%	3.29%	2.05%	0.59%

Frequently Asked Questions

Can I hold both AAOI and GGLL in my portfolio?

AAOI and GGLL have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AAOI or GGLL?

AAOI has higher volatility (42.89%) compared to GGLL (16.60%). In terms of maximum drawdown, AAOI dropped -98.49% vs GGLL's -52.81%.

Which has better risk-adjusted returns?

AAOI currently has the higher Sharpe Ratio (7.37 vs 5.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.