GGLL vs. ARMG

Last updated Jun 3, 2026

GGLL (Direxion Daily GOOGL Bull 2X Shares) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds. GGLL is passively managed, while ARMG is actively managed. Over the past year, GGLL returned 285.33% vs 507.81% for ARMG. At a 0.42 correlation, their price movements are largely independent. GGLL charges 1.05%/yr vs 0.75%/yr for ARMG.

Performance

GGLL vs. ARMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily GOOGL Bull 2X Shares (GGLL) and Leverage Shares 2X Long ARM Daily ETF (ARMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GGLL achieves a 23.97% return, which is significantly lower than ARMG's 888.42% return.

GGLL

• 1D: -7.76%
• 1M: -13.17%
• YTD: 23.97%
• 6M: 20.53%
• 1Y: 285.33%
• 3Y*: 66.75%
• 5Y*: —
• 10Y*: —

ARMG

• 1D: -3.36%
• 1M: 219.03%
• YTD: 888.42%
• 6M: 521.40%
• 1Y: 507.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GGLL vs. ARMG - Yearly Performance Comparison

	2026 (YTD)	2025
GGLL Direxion Daily GOOGL Bull 2X Shares	23.97%	123.51%
ARMG Leverage Shares 2X Long ARM Daily ETF	888.42%	-61.80%

Correlation

The correlation between GGLL and ARMG is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.42

The correlation between GGLL and ARMG shifts across timeframes, from 0.30 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GGLL vs. ARMG — Risk / Return Rank

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

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: 93

ARMG

ARMG Risk / Return Rank: 83
ARMG Sharpe Ratio Rank: 95
ARMG Sortino Ratio Rank: 80
ARMG Omega Ratio Rank: 76
ARMG Calmar Ratio Rank: 94
ARMG Martin Ratio Rank: 71

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.

GGLL vs. ARMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bull 2X Shares (GGLL) and Leverage Shares 2X Long ARM Daily ETF (ARMG). 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.

	GGLL	ARMG	Difference
Sharpe ratio Return per unit of total volatility	4.92	3.93	+0.99
Sortino ratio Return per unit of downside risk	4.87	3.63	+1.24
Omega ratio Gain probability vs. loss probability	1.58	1.46	+0.12
Calmar ratio Return relative to maximum drawdown	7.14	7.63	-0.49
Martin ratio Return relative to average drawdown	24.83	13.49	+11.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GGLL vs. ARMG - Sharpe Ratio Comparison

The current GGLL Sharpe Ratio is 4.92, which is comparable to the ARMG Sharpe Ratio of 3.93. The chart below compares the historical Sharpe Ratios of GGLL and ARMG, 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

	GGLL	ARMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.92	3.93	+0.99
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	1.18	-0.18

Drawdowns

GGLL vs. ARMG - Drawdown Comparison

The maximum GGLL drawdown since its inception was -52.81%, smaller than the maximum ARMG drawdown of -80.28%. Use the drawdown chart below to compare losses from any high point for GGLL and ARMG.

Drawdown Indicators

	GGLL	ARMG	Difference
Max Drawdown Largest peak-to-trough decline	-52.81%	-80.28%	+27.47%
Max Drawdown (1Y) Largest decline over 1 year	-38.39%	-68.13%	+29.74%
Max Drawdown (3Y) Largest decline over 3 years	-52.81%	—	—
Current Drawdown Current decline from peak	-19.89%	-3.36%	-16.53%
Average Drawdown Average peak-to-trough decline	-15.16%	-53.19%	+38.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.04%	38.55%	-27.51%

Volatility

GGLL vs. ARMG - Volatility Comparison

The current volatility for Direxion Daily GOOGL Bull 2X Shares (GGLL) is 16.60%, while Leverage Shares 2X Long ARM Daily ETF (ARMG) has a volatility of 66.04%. This indicates that GGLL experiences smaller price fluctuations and is considered to be less risky than ARMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGLL	ARMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.60%	66.04%	-49.44%
Volatility (6M) Calculated over the trailing 6-month period	40.82%	103.87%	-63.05%
Volatility (1Y) Calculated over the trailing 1-year period	58.47%	130.25%	-71.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.06%	138.46%	-82.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.06%	138.46%	-82.40%

GGLL vs. ARMG - Expense Ratio Comparison

GGLL has a 1.05% expense ratio, which is higher than ARMG's 0.75% expense ratio.

Dividends

GGLL vs. ARMG - Dividend Comparison

GGLL's dividend yield for the trailing twelve months is around 3.68%, more than ARMG's 0.49% yield.

Position	TTM	2025	2024	2023	2022
ARMG Leverage Shares 2X Long ARM Daily ETF	0.49%	4.86%	0.00%	0.00%	0.00%
GGLL Direxion Daily GOOGL Bull 2X Shares	3.68%	4.16%	3.29%	2.05%	0.59%

Frequently Asked Questions

Can I hold both GGLL and ARMG in my portfolio?

GGLL and ARMG have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GGLL or ARMG?

ARMG has higher volatility (66.04%) compared to GGLL (16.60%). In terms of maximum drawdown, GGLL dropped -52.81% vs ARMG's -80.28%.

Which ETF is better, GGLL or ARMG?

On 1-year performance, ARMG leads with 507.81% vs 285.33% for GGLL. On fees, ARMG is cheaper at 0.75% per year. On volatility, GGLL has been the lower-risk option at 16.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GGLL or ARMG?

Over the 1-year period, ARMG has performed better with a 507.81% return vs 285.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GGLL or ARMG?

ARMG is cheaper with a 0.75% expense ratio, compared with 1.05% for GGLL.

Which ETF pays a higher dividend yield, GGLL or ARMG?

GGLL has the higher dividend yield at 3.68%, compared with 0.49% for ARMG.

What is the main difference between GGLL and ARMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.05% for GGLL and 0.75% for ARMG.

Which has better risk-adjusted returns?

GGLL currently has the higher Sharpe Ratio (4.92 vs 3.93), 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.