CWEB vs. GGLL
Compare and contrast key facts about Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and Direxion Daily GOOGL Bull 2X Shares (GGLL).
CWEB and GGLL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CWEB is a passively managed fund by Direxion that tracks the performance of the CSI China Overseas Internet Index (200%). It was launched on Nov 2, 2016. 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. Both CWEB and GGLL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CWEB vs. GGLL - Performance Comparison
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CWEB vs. GGLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CWEB Direxion Daily CSI China Internet Index Bull 2x Shares | -32.69% | 29.04% | 0.12% | -32.85% | -2.69% |
GGLL Direxion Daily GOOGL Bull 2X Shares | -18.90% | 123.07% | 48.88% | 81.20% | -30.35% |
Returns By Period
In the year-to-date period, CWEB achieves a -32.69% return, which is significantly lower than GGLL's -18.90% return.
CWEB
- 1D
- 5.19%
- 1M
- -17.05%
- YTD
- -32.69%
- 6M
- -51.81%
- 1Y
- -35.59%
- 3Y*
- -16.49%
- 5Y*
- -45.09%
- 10Y*
- —
GGLL
- 1D
- 10.22%
- 1M
- -16.24%
- YTD
- -18.90%
- 6M
- 28.40%
- 1Y
- 186.52%
- 3Y*
- 57.93%
- 5Y*
- —
- 10Y*
- —
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CWEB vs. GGLL - Expense Ratio Comparison
CWEB has a 1.30% expense ratio, which is higher than GGLL's 1.05% expense ratio.
Return for Risk
CWEB vs. GGLL — Risk / Return Rank
CWEB
GGLL
CWEB vs. GGLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) 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.
| CWEB | GGLL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.61 | 3.08 | -3.68 |
Sortino ratioReturn per unit of downside risk | -0.62 | 3.47 | -4.09 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.43 | -0.50 |
Calmar ratioReturn relative to maximum drawdown | -0.64 | 4.88 | -5.52 |
Martin ratioReturn relative to average drawdown | -1.53 | 18.04 | -19.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CWEB | GGLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.61 | 3.08 | -3.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 0.75 | -0.99 |
Correlation
The correlation between CWEB and GGLL is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CWEB vs. GGLL - Dividend Comparison
CWEB's dividend yield for the trailing twelve months is around 5.02%, less than GGLL's 5.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWEB Direxion Daily CSI China Internet Index Bull 2x Shares | 5.02% | 2.77% | 4.59% | 2.63% | 0.00% | 0.00% | 0.00% | 0.64% | 1.59% | 2.98% |
GGLL Direxion Daily GOOGL Bull 2X Shares | 5.63% | 4.16% | 3.29% | 2.05% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CWEB vs. GGLL - Drawdown Comparison
The maximum CWEB drawdown since its inception was -98.09%, which is greater than GGLL's maximum drawdown of -52.81%. Use the drawdown chart below to compare losses from any high point for CWEB and GGLL.
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Drawdown Indicators
| CWEB | GGLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.09% | -52.81% | -45.28% |
Max Drawdown (1Y)Largest decline over 1 year | -56.15% | -38.39% | -17.76% |
Max Drawdown (5Y)Largest decline over 5 years | -96.62% | — | — |
Current DrawdownCurrent decline from peak | -97.26% | -32.09% | -65.17% |
Average DrawdownAverage peak-to-trough decline | -64.83% | -15.49% | -49.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.72% | 10.38% | +13.34% |
Volatility
CWEB vs. GGLL - Volatility Comparison
Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and Direxion Daily GOOGL Bull 2X Shares (GGLL) have volatilities of 18.23% and 18.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWEB | GGLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.23% | 18.25% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 38.34% | 39.37% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.92% | 60.98% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.41% | 55.13% | +39.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.97% | 55.13% | +25.84% |