GGLL vs. APLD
GGLL (Direxion Daily GOOGL Bull 2X Shares) is Leveraged Equities fund tracking the Alphabet Inc. Class A (200%), while APLD (Applied Digital Corporation) is a stock. Over the past 3 years, GGLL returned 66.50%/yr vs 69.23%/yr for APLD. At a 0.28 correlation, their price movements are largely independent.
Performance
GGLL vs. APLD - Performance Comparison
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Returns By Period
In the year-to-date period, GGLL achieves a 21.93% return, which is significantly lower than APLD's 74.14% return.
GGLL
- 1D
- 1.02%
- 1M
- -20.61%
- YTD
- 21.93%
- 6M
- 23.94%
- 1Y
- 256.14%
- 3Y*
- 66.50%
- 5Y*
- —
- 10Y*
- —
APLD
- 1D
- 2.97%
- 1M
- -8.58%
- YTD
- 74.14%
- 6M
- 53.27%
- 1Y
- 281.93%
- 3Y*
- 69.23%
- 5Y*
- 112.30%
- 10Y*
- 125.13%
GGLL vs. APLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 21.93% | 123.07% | 48.88% | 81.20% | -30.35% |
APLD Applied Digital Corporation | 74.14% | 220.94% | 13.35% | 266.30% | -12.38% |
Correlation
The correlation between GGLL and APLD is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | 0.28 |
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Return for Risk
GGLL vs. APLD — Risk / Return Rank
GGLL
APLD
GGLL vs. APLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bull 2X Shares (GGLL) and Applied Digital Corporation (APLD). 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.
| GGLL | APLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.33 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 6.60 | 4.83 | +1.77 |
| Martin ratioReturn relative to average drawdown | 21.93 | 11.72 | +10.21 |
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Drawdowns
GGLL vs. APLD - Drawdown Comparison
The maximum GGLL drawdown since its inception was -52.81%, smaller than the maximum APLD drawdown of -99.73%. Use the drawdown chart below to compare losses from any high point for GGLL and APLD.
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Drawdown Indicators
| GGLL | APLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.81% | -99.73% | +46.92% |
Max Drawdown (1Y)Largest decline over 1 year | -38.39% | -50.31% | +11.92% |
Max Drawdown (3Y)Largest decline over 3 years | -52.81% | -76.66% | +23.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -82.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.80% | — |
Current DrawdownCurrent decline from peak | -21.22% | -14.00% | -7.22% |
Average DrawdownAverage peak-to-trough decline | -15.19% | -74.86% | +59.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.54% | 21.22% | -9.68% |
Volatility
GGLL vs. APLD - Volatility Comparison
The current volatility for Direxion Daily GOOGL Bull 2X Shares (GGLL) is 14.31%, while Applied Digital Corporation (APLD) has a volatility of 33.15%. This indicates that GGLL experiences smaller price fluctuations and is considered to be less risky than APLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGLL | APLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.31% | 33.15% | -18.84% |
Volatility (6M)Calculated over the trailing 6-month period | 41.16% | 80.49% | -39.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.54% | 107.13% | -48.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.99% | 165.20% | -109.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.99% | 301.46% | -245.47% |
Dividends
GGLL vs. APLD - Dividend Comparison
GGLL's dividend yield for the trailing twelve months is around 3.74%, while APLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
APLD Applied Digital Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GGLL Direxion Daily GOOGL Bull 2X Shares | 3.74% | 4.16% | 3.29% | 2.05% | 0.59% |
Frequently Asked Questions
GGLL and APLD have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APLD has higher volatility (33.15%) compared to GGLL (14.31%). In terms of maximum drawdown, GGLL dropped -52.81% vs APLD's -99.73%.
GGLL currently has the higher Sharpe Ratio (4.33 vs 2.27), 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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