GGLL vs. AXGN
GGLL (Direxion Daily GOOGL Bull 2X Shares) is Leveraged Equities fund tracking the Alphabet Inc. Class A (200%), while AXGN (AxoGen, Inc.) is a stock. Over the past 3 years, GGLL returned 66.50%/yr vs 66.42%/yr for AXGN. At a 0.24 correlation, their price movements are largely independent.
Performance
GGLL vs. AXGN - 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 AXGN's 31.38% return.
GGLL
- 1D
- 1.02%
- 1M
- -20.61%
- YTD
- 21.93%
- 6M
- 23.94%
- 1Y
- 256.14%
- 3Y*
- 66.50%
- 5Y*
- —
- 10Y*
- —
AXGN
- 1D
- 1.51%
- 1M
- 5.01%
- YTD
- 31.38%
- 6M
- 41.49%
- 1Y
- 341.03%
- 3Y*
- 66.42%
- 5Y*
- 15.90%
- 10Y*
- 22.76%
GGLL vs. AXGN - 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% |
AXGN AxoGen, Inc. | 31.38% | 98.60% | 141.29% | -31.56% | 5.05% |
Correlation
The correlation between GGLL and AXGN is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | 0.24 |
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Return for Risk
GGLL vs. AXGN — Risk / Return Rank
GGLL
AXGN
GGLL vs. AXGN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bull 2X Shares (GGLL) and AxoGen, Inc. (AXGN). 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 | AXGN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.70 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 6.60 | 17.13 | -10.53 |
| Martin ratioReturn relative to average drawdown | 21.93 | 59.46 | -37.53 |
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Drawdowns
GGLL vs. AXGN - Drawdown Comparison
The maximum GGLL drawdown since its inception was -52.81%, smaller than the maximum AXGN drawdown of -98.49%. Use the drawdown chart below to compare losses from any high point for GGLL and AXGN.
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Drawdown Indicators
| GGLL | AXGN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.81% | -98.49% | +45.68% |
Max Drawdown (1Y)Largest decline over 1 year | -38.39% | -19.30% | -19.09% |
Max Drawdown (3Y)Largest decline over 3 years | -52.81% | -62.36% | +9.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -83.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.54% | — |
Current DrawdownCurrent decline from peak | -21.22% | -23.08% | +1.86% |
Average DrawdownAverage peak-to-trough decline | -15.19% | -64.86% | +49.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.54% | 5.58% | +5.96% |
Volatility
GGLL vs. AXGN - Volatility Comparison
Direxion Daily GOOGL Bull 2X Shares (GGLL) has a higher volatility of 14.31% compared to AxoGen, Inc. (AXGN) at 11.35%. This indicates that GGLL's price experiences larger fluctuations and is considered to be riskier than AXGN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGLL | AXGN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.31% | 11.35% | +2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 41.16% | 33.99% | +7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.54% | 54.01% | +4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.99% | 64.11% | -8.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.99% | 62.08% | -6.09% |
Dividends
GGLL vs. AXGN - Dividend Comparison
GGLL's dividend yield for the trailing twelve months is around 3.74%, while AXGN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AXGN AxoGen, Inc. | 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 AXGN have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGLL has higher volatility (14.31%) compared to AXGN (11.35%). In terms of maximum drawdown, GGLL dropped -52.81% vs AXGN's -98.49%.
AXGN currently has the higher Sharpe Ratio (6.13 vs 4.33), 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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