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.
Key characteristics
| GGLL | CONL | |
|---|---|---|
| YTD Return | 35.90% | 43.61% |
| 1Y Return | 49.78% | 255.77% |
| Sharpe Ratio | 0.97 | 1.77 |
| Sortino Ratio | 1.51 | 2.75 |
| Omega Ratio | 1.20 | 1.31 |
| Calmar Ratio | 1.13 | 3.56 |
| Martin Ratio | 2.73 | 6.30 |
| Ulcer Index | 17.15% | 44.87% |
| Daily Std Dev | 48.28% | 160.11% |
| Max Drawdown | -41.33% | -82.62% |
| Current Drawdown | -17.64% | -42.91% |
Correlation
The correlation between GGLL and CONL is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GGLL vs. CONL - Performance Comparison
In the year-to-date period, GGLL achieves a 35.90% return, which is significantly lower than CONL's 43.61% 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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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 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.
Dividends
GGLL vs. CONL - Dividend Comparison
GGLL's dividend yield for the trailing twelve months is around 2.35%, more than CONL's 0.22% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 2.35% | 2.05% | 0.59% |
CONL GraniteShares 2x Long COIN Daily ETF | 0.22% | 0.00% | 0.00% |
Drawdowns
GGLL vs. CONL - Drawdown Comparison
The maximum GGLL drawdown since its inception was -41.33%, smaller than the maximum CONL drawdown of -82.62%. Use the drawdown chart below to compare losses from any high point for GGLL and CONL. For additional features, visit the drawdowns tool.
Volatility
GGLL vs. CONL - Volatility Comparison
The current volatility for Direxion Daily GOOGL Bull 2X Shares (GGLL) is 13.54%, while GraniteShares 2x Long COIN Daily ETF (CONL) has a volatility of 72.60%. This indicates that GGLL experiences smaller price fluctuations and is considered to be less risky than CONL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.