Correlation
The correlation between AMZZ and GGLL is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
AMZZ vs. GGLL
Compare and contrast key facts about GraniteShares 2x Long AMZN Daily ETF (AMZZ) and Direxion Daily GOOGL Bull 2X Shares (GGLL).
AMZZ and GGLL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMZZ is an actively managed fund by GraniteShares. It was launched on Mar 15, 2024. GGLL is a passively managed fund by Direxion that tracks the performance of the Alphabet Inc. Class A (200%). It was launched on Sep 6, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMZZ or GGLL.
Performance
AMZZ vs. GGLL - Performance Comparison
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Key characteristics
AMZZ:
0.00
GGLL:
-0.37
AMZZ:
0.45
GGLL:
-0.25
AMZZ:
1.06
GGLL:
0.97
AMZZ:
-0.04
GGLL:
-0.51
AMZZ:
-0.10
GGLL:
-0.96
AMZZ:
23.60%
GGLL:
27.78%
AMZZ:
69.30%
GGLL:
62.60%
AMZZ:
-55.28%
GGLL:
-52.81%
AMZZ:
-36.84%
GGLL:
-38.69%
Returns By Period
In the year-to-date period, AMZZ achieves a -23.99% return, which is significantly higher than GGLL's -28.54% return.
AMZZ
-23.99%
14.17%
-7.14%
0.66%
N/A
N/A
N/A
GGLL
-28.54%
9.40%
-7.41%
-24.15%
N/A
N/A
N/A
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AMZZ vs. GGLL - Expense Ratio Comparison
AMZZ has a 1.15% expense ratio, which is higher than GGLL's 1.05% expense ratio.
Risk-Adjusted Performance
AMZZ vs. GGLL — Risk-Adjusted Performance Rank
AMZZ
GGLL
AMZZ vs. GGLL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMZN Daily ETF (AMZZ) 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.
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Dividends
AMZZ vs. GGLL - Dividend Comparison
AMZZ has not paid dividends to shareholders, while GGLL's dividend yield for the trailing twelve months is around 4.68%.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
AMZZ GraniteShares 2x Long AMZN Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
GGLL Direxion Daily GOOGL Bull 2X Shares | 4.68% | 3.29% | 2.05% | 0.59% |
Drawdowns
AMZZ vs. GGLL - Drawdown Comparison
The maximum AMZZ drawdown since its inception was -55.28%, roughly equal to the maximum GGLL drawdown of -52.81%. Use the drawdown chart below to compare losses from any high point for AMZZ and GGLL.
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Volatility
AMZZ vs. GGLL - Volatility Comparison
The current volatility for GraniteShares 2x Long AMZN Daily ETF (AMZZ) is 19.66%, while Direxion Daily GOOGL Bull 2X Shares (GGLL) has a volatility of 22.16%. This indicates that AMZZ 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.
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