GGLL vs. CONL
Compare and contrast key facts about Direxion Daily GOOGL Bull 2X Shares (GGLL) and GraniteShares 2x Long COIN Daily ETF (CONL).
GGLL and CONL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CONL is an actively managed fund by GraniteShares. It was launched on Aug 9, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GGLL or CONL.
Correlation
The correlation between GGLL and CONL is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GGLL vs. CONL - Performance Comparison
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Key characteristics
GGLL:
123.69%
CONL:
116.46%
GGLL:
-15.68%
CONL:
-7.18%
GGLL:
-14.25%
CONL:
-7.18%
Returns By Period
GGLL
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CONL
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GGLL vs. CONL - Expense Ratio Comparison
GGLL has a 1.05% expense ratio, which is lower than CONL's 1.15% expense ratio.
Risk-Adjusted Performance
GGLL vs. CONL — Risk-Adjusted Performance Rank
GGLL
CONL
GGLL vs. CONL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bull 2X Shares (GGLL) and GraniteShares 2x Long COIN Daily ETF (CONL). 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.
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Dividends
GGLL vs. CONL - Dividend Comparison
Neither GGLL nor CONL has paid dividends to shareholders.
Drawdowns
GGLL vs. CONL - Drawdown Comparison
The maximum GGLL drawdown since its inception was -15.68%, which is greater than CONL's maximum drawdown of -7.18%. Use the drawdown chart below to compare losses from any high point for GGLL and CONL. For additional features, visit the drawdowns tool.
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Volatility
GGLL vs. CONL - Volatility Comparison
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