ETH-USD vs. GGLL
ETH-USD (Ethereum) is a cryptocurrency, while GGLL (Direxion Daily GOOGL Bull 2X Shares) is Leveraged Equities fund tracking the Alphabet Inc. Class A (200%). Over the past 3 years, ETH-USD returned 1.09%/yr vs 66.50%/yr for GGLL. At a 0.24 correlation, their price movements are largely independent.
Performance
ETH-USD vs. GGLL - Performance Comparison
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Returns By Period
In the year-to-date period, ETH-USD achieves a -42.02% return, which is significantly lower than GGLL's 21.93% return.
ETH-USD
- 1D
- 2.38%
- 1M
- -22.62%
- YTD
- -42.02%
- 6M
- -43.84%
- 1Y
- -32.06%
- 3Y*
- 1.09%
- 5Y*
- -7.52%
- 10Y*
- 55.37%
GGLL
- 1D
- 1.02%
- 1M
- -18.69%
- YTD
- 21.93%
- 6M
- 23.94%
- 1Y
- 256.14%
- 3Y*
- 66.50%
- 5Y*
- —
- 10Y*
- —
ETH-USD vs. GGLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ETH-USD Ethereum | -42.02% | -10.91% | 46.00% | 90.84% | -23.35% |
GGLL Direxion Daily GOOGL Bull 2X Shares | 21.93% | 123.07% | 48.88% | 81.20% | -30.35% |
Correlation
The correlation between ETH-USD and GGLL is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | 0.24 |
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Return for Risk
ETH-USD vs. GGLL — Risk / Return Rank
ETH-USD
GGLL
ETH-USD vs. GGLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) 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.
| ETH-USD | GGLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.81 | ||
| Sortino ratioReturn per unit of downside risk | -4.88 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.54 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 6.60 | -7.08 |
| Martin ratioReturn relative to average drawdown | -0.81 | 21.93 | -22.74 |
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Drawdowns
ETH-USD vs. GGLL - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, which is greater than GGLL's maximum drawdown of -52.81%. Use the drawdown chart below to compare losses from any high point for ETH-USD and GGLL.
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Drawdown Indicators
| ETH-USD | GGLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -52.81% | -41.20% |
Max Drawdown (1Y)Largest decline over 1 year | -67.53% | -38.39% | -29.14% |
Max Drawdown (3Y)Largest decline over 3 years | -67.53% | -52.81% | -14.72% |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | — | — |
Current DrawdownCurrent decline from peak | -64.39% | -21.22% | -43.17% |
Average DrawdownAverage peak-to-trough decline | -50.90% | -15.19% | -35.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.67% | 11.54% | +34.13% |
Volatility
ETH-USD vs. GGLL - Volatility Comparison
Ethereum (ETH-USD) has a higher volatility of 17.43% compared to Direxion Daily GOOGL Bull 2X Shares (GGLL) at 14.31%. This indicates that ETH-USD'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.
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Volatility by Period
| ETH-USD | GGLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.43% | 14.31% | +3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 46.35% | 41.16% | +5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.08% | 58.54% | -2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.55% | 55.99% | +3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.88% | 55.99% | +21.89% |
Frequently Asked Questions
ETH-USD and GGLL have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (17.43%) compared to GGLL (14.31%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs GGLL's -52.81%.
GGLL currently has the higher Sharpe Ratio (4.33 vs -0.48), 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.
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