BW vs. GGLL

Last updated Jun 4, 2026

BW (Babcock & Wilcox Enterprises, 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, BW returned 46.96%/yr vs 65.97%/yr for GGLL. At a 0.21 correlation, their price movements are largely independent.

Performance

BW vs. GGLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Babcock & Wilcox Enterprises, Inc. (BW) 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, BW achieves a 178.86% return, which is significantly higher than GGLL's 22.24% return.

BW

• 1D: -2.00%
• 1M: 17.24%
• YTD: 178.86%
• 6M: 174.96%
• 1Y: 2,004.76%
• 3Y*: 46.96%
• 5Y*: 14.74%
• 10Y*: -22.27%

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)

BW vs. GGLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BW Babcock & Wilcox Enterprises, Inc.	178.86%	286.59%	12.33%	-74.70%	-28.14%
GGLL Direxion Daily GOOGL Bull 2X Shares	22.24%	123.07%	48.88%	81.20%	-30.35%

Correlation

The correlation between BW and GGLL is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022	0.21

Return for Risk

BW vs. GGLL — Risk / Return Rank

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

BW

BW Risk / Return Rank: 99
BW Sharpe Ratio Rank: 100
BW Sortino Ratio Rank: 99
BW Omega Ratio Rank: 97
BW Calmar Ratio Rank: 100
BW Martin Ratio Rank: 100

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.

BW vs. GGLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Babcock & Wilcox Enterprises, Inc. (BW) 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.

	BW	GGLL	Difference
Sharpe ratio: Return per unit of total volatility	14.19	5.07	+9.12
Sortino ratio: Return per unit of downside risk	6.08	4.96	+1.12
Omega ratio: Gain probability vs. loss probability	1.72	1.60	+0.13
Calmar ratio: Return relative to maximum drawdown	58.85	7.69	+51.15
Martin ratio: Return relative to average drawdown	135.77	26.53	+109.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BW vs. GGLL - Sharpe Ratio Comparison

The current BW Sharpe Ratio is 14.19, which is higher than the GGLL Sharpe Ratio of 5.07. The chart below compares the historical Sharpe Ratios of BW 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

	BW	GGLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	14.19	5.07	+9.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	0.99	-1.18

Drawdowns

BW vs. GGLL - Drawdown Comparison

The maximum BW drawdown since its inception was -99.89%, which is greater than GGLL's maximum drawdown of -52.81%. Use the drawdown chart below to compare losses from any high point for BW and GGLL.

Drawdown Indicators

	BW	GGLL	Difference
Max Drawdown Largest peak-to-trough decline	-99.89%	-52.81%	-47.08%
Max Drawdown (1Y) Largest decline over 1 year	-34.50%	-38.39%	+3.89%
Max Drawdown (3Y) Largest decline over 3 years	-96.03%	-52.81%	-43.22%
Max Drawdown (5Y) Largest decline over 5 years	-97.39%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.88%	—	—
Current Drawdown Current decline from peak	-92.53%	-21.02%	-71.51%
Average Drawdown Average peak-to-trough decline	-82.80%	-15.17%	-67.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.93%	11.11%	+3.82%

Volatility

BW vs. GGLL - Volatility Comparison

Babcock & Wilcox Enterprises, Inc. (BW) has a higher volatility of 34.66% compared to Direxion Daily GOOGL Bull 2X Shares (GGLL) at 16.60%. This indicates that BW'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

	BW	GGLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.66%	16.60%	+18.06%
Volatility (6M) Calculated over the trailing 6-month period	89.70%	40.70%	+49.00%
Volatility (1Y) Calculated over the trailing 1-year period	143.20%	58.40%	+84.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	110.03%	56.03%	+54.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	108.14%	56.03%	+52.11%

Dividends

BW vs. GGLL - Dividend Comparison

BW 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
BW Babcock & Wilcox Enterprises, 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 BW and GGLL in my portfolio?

BW and GGLL have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BW or GGLL?

BW has higher volatility (34.66%) compared to GGLL (16.60%). In terms of maximum drawdown, BW dropped -99.89% vs GGLL's -52.81%.

Which has better risk-adjusted returns?

BW currently has the higher Sharpe Ratio (14.19 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.