AGEM vs. GGLL

Last updated Jun 14, 2026

AGEM (abrdn Emerging Markets Dividend Active ETF) and GGLL (Direxion Daily GOOGL Bull 2X Shares) are both exchange-traded funds - AGEM is a Emerging Markets Equities fund actively managed by abrdn, while GGLL is a Leveraged Equities fund tracking the Alphabet Inc. Class A (200%). AGEM is actively managed, while GGLL is passively managed. Over the past year, AGEM returned 56.44% vs 256.14% for GGLL. A 0.50 correlation means they provide meaningful diversification when combined. AGEM charges 0.70%/yr vs 1.05%/yr for GGLL.

Performance

AGEM vs. GGLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Emerging Markets Dividend Active ETF (AGEM) 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, AGEM achieves a 28.39% return, which is significantly higher than GGLL's 21.93% return.

AGEM

• 1D: 0.40%
• 1M: 1.36%
• YTD: 28.39%
• 6M: 30.42%
• 1Y: 56.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GGLL

• 1D: 1.02%
• 1M: -20.61%
• YTD: 21.93%
• 6M: 23.94%
• 1Y: 256.14%
• 3Y*: 66.50%
• 5Y*: —
• 10Y*: —

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

AGEM vs. GGLL - Yearly Performance Comparison

	2026 (YTD)	2025
AGEM abrdn Emerging Markets Dividend Active ETF	28.39%	29.73%
GGLL Direxion Daily GOOGL Bull 2X Shares	21.93%	140.36%

Correlation

The correlation between AGEM and GGLL is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Feb 18, 2025	0.50

The correlation between AGEM and GGLL has been stable across timeframes, ranging from 0.47 to 0.50 - a consistent structural relationship.

Return for Risk

AGEM vs. GGLL — Risk / Return Rank

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

AGEM

AGEM Risk / Return Rank: 83
AGEM Sharpe Ratio Rank: 86
AGEM Sortino Ratio Rank: 81
AGEM Omega Ratio Rank: 85
AGEM Calmar Ratio Rank: 82
AGEM Martin Ratio Rank: 82

GGLL

GGLL Risk / Return Rank: 94
GGLL Sharpe Ratio Rank: 97
GGLL Sortino Ratio Rank: 95
GGLL Omega Ratio Rank: 92
GGLL Calmar Ratio Rank: 95
GGLL Martin Ratio Rank: 93

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.

AGEM vs. GGLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Emerging Markets Dividend Active ETF (AGEM) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AGEM	GGLL	Difference
Sharpe ratio: Return per unit of total volatility	2.48	4.33	-1.85
Sortino ratio: Return per unit of downside risk	3.17	4.54	-1.38
Omega ratio: Gain probability vs. loss probability	1.45	1.54	-0.09
Calmar ratio: Return relative to maximum drawdown	3.88	6.60	-2.72
Martin ratio: Return relative to average drawdown	14.50	21.93	-7.43

AGEM vs. GGLL - Sharpe Ratio Comparison

The current AGEM Sharpe Ratio is 2.48, which is lower than the GGLL Sharpe Ratio of 4.33. The chart below compares the historical Sharpe Ratios of AGEM 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.

Drawdowns

AGEM vs. GGLL - Drawdown Comparison

The maximum AGEM drawdown since its inception was -15.58%, smaller than the maximum GGLL drawdown of -52.81%. Use the drawdown chart below to compare losses from any high point for AGEM and GGLL.

Drawdown Indicators

	AGEM	GGLL	Difference
Max Drawdown Largest peak-to-trough decline	-15.58%	-52.81%	+37.23%
Max Drawdown (1Y) Largest decline over 1 year	-13.92%	-38.39%	+24.47%
Max Drawdown (3Y) Largest decline over 3 years	—	-52.81%	—
Current Drawdown Current decline from peak	-3.82%	-21.22%	+17.40%
Average Drawdown Average peak-to-trough decline	-2.31%	-15.19%	+12.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.72%	11.54%	-7.82%

Volatility

AGEM vs. GGLL - Volatility Comparison

The current volatility for abrdn Emerging Markets Dividend Active ETF (AGEM) is 10.95%, while Direxion Daily GOOGL Bull 2X Shares (GGLL) has a volatility of 14.31%. This indicates that AGEM experiences smaller price fluctuations and is considered to be less risky than GGLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGEM	GGLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.95%	14.31%	-3.36%
Volatility (6M) Calculated over the trailing 6-month period	19.56%	41.16%	-21.60%
Volatility (1Y) Calculated over the trailing 1-year period	21.78%	58.54%	-36.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.46%	55.99%	-33.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.46%	55.99%	-33.53%

AGEM vs. GGLL - Expense Ratio Comparison

AGEM has a 0.70% expense ratio, which is lower than GGLL's 1.05% expense ratio.

Dividends

AGEM vs. GGLL - Dividend Comparison

AGEM's dividend yield for the trailing twelve months is around 1.75%, less than GGLL's 3.74% yield.

Position	TTM	2025	2024	2023	2022
AGEM abrdn Emerging Markets Dividend Active ETF	1.75%	1.80%	0.00%	0.00%	0.00%
GGLL Direxion Daily GOOGL Bull 2X Shares	3.74%	4.16%	3.29%	2.05%	0.59%

Frequently Asked Questions

Can I hold both AGEM and GGLL in my portfolio?

AGEM and GGLL have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGEM or GGLL?

GGLL has higher volatility (14.31%) compared to AGEM (10.95%). In terms of maximum drawdown, AGEM dropped -15.58% vs GGLL's -52.81%.

Which ETF is better, AGEM or GGLL?

On 1-year performance, GGLL leads with 256.14% vs 56.44% for AGEM. On fees, AGEM is cheaper at 0.70% per year. On volatility, AGEM has been the lower-risk option at 10.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGEM or GGLL?

Over the 1-year period, GGLL has performed better with a 256.14% return vs 56.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGEM or GGLL?

AGEM is cheaper with a 0.70% expense ratio, compared with 1.05% for GGLL.

Which ETF pays a higher dividend yield, AGEM or GGLL?

GGLL has the higher dividend yield at 3.74%, compared with 1.75% for AGEM.

What is the main difference between AGEM and GGLL?

AGEM is categorized as Emerging Markets Equities, while GGLL is Leveraged Equities. They also come from different issuers: abrdn and Direxion. Their fees differ too: 0.70% for AGEM and 1.05% for GGLL.

Which has better risk-adjusted returns?

GGLL currently has the higher Sharpe Ratio (4.33 vs 2.48), 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.