FBL vs. GGLL
Compare and contrast key facts about GraniteShares 2x Long META Daily ETF (FBL) and Direxion Daily GOOGL Bull 2X Shares (GGLL).
FBL and GGLL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBL is an actively managed fund by GraniteShares. It was launched on Dec 12, 2022. 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: FBL or GGLL.
Key characteristics
| FBL | GGLL | |
|---|---|---|
| YTD Return | 112.27% | 36.48% |
| 1Y Return | 126.01% | 44.79% |
| Sharpe Ratio | 1.86 | 0.98 |
| Sortino Ratio | 2.61 | 1.52 |
| Omega Ratio | 1.36 | 1.20 |
| Calmar Ratio | 3.78 | 1.14 |
| Martin Ratio | 10.44 | 2.74 |
| Ulcer Index | 12.74% | 17.24% |
| Daily Std Dev | 71.47% | 48.31% |
| Max Drawdown | -35.25% | -41.33% |
| Current Drawdown | -6.71% | -17.29% |
Correlation
The correlation between FBL and GGLL is 0.54, 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.
Performance
FBL vs. GGLL - Performance Comparison
In the year-to-date period, FBL achieves a 112.27% return, which is significantly higher than GGLL's 36.48% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FBL vs. GGLL - Expense Ratio Comparison
FBL has a 1.15% expense ratio, which is higher than GGLL's 1.05% expense ratio.
Risk-Adjusted Performance
FBL vs. GGLL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long META Daily ETF (FBL) 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.
Dividends
FBL vs. GGLL - Dividend Comparison
FBL's dividend yield for the trailing twelve months is around 24.30%, more than GGLL's 2.34% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
FBL GraniteShares 2x Long META Daily ETF | 24.30% | 51.58% | 0.00% |
GGLL Direxion Daily GOOGL Bull 2X Shares | 2.34% | 2.05% | 0.59% |
Drawdowns
FBL vs. GGLL - Drawdown Comparison
The maximum FBL drawdown since its inception was -35.25%, smaller than the maximum GGLL drawdown of -41.33%. Use the drawdown chart below to compare losses from any high point for FBL and GGLL. For additional features, visit the drawdowns tool.
Volatility
FBL vs. GGLL - Volatility Comparison
GraniteShares 2x Long META Daily ETF (FBL) has a higher volatility of 16.02% compared to Direxion Daily GOOGL Bull 2X Shares (GGLL) at 14.11%. This indicates that FBL'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.