Correlation
The correlation between GGLL and FBL is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
GGLL vs. FBL
Compare and contrast key facts about Direxion Daily GOOGL Bull 2X Shares (GGLL) and GraniteShares 2x Long META Daily ETF (FBL).
GGLL and FBL 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. FBL is an actively managed fund by GraniteShares. It was launched on Dec 12, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GGLL or FBL.
Performance
GGLL vs. FBL - Performance Comparison
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Key characteristics
GGLL:
-0.30
FBL:
0.74
GGLL:
-0.13
FBL:
1.33
GGLL:
0.98
FBL:
1.17
GGLL:
-0.43
FBL:
0.76
GGLL:
-0.81
FBL:
2.06
GGLL:
28.15%
FBL:
22.14%
GGLL:
62.71%
FBL:
73.71%
GGLL:
-52.81%
FBL:
-59.80%
GGLL:
-36.56%
FBL:
-30.22%
Returns By Period
In the year-to-date period, GGLL achieves a -26.06% return, which is significantly lower than FBL's 8.21% return.
GGLL
-26.06%
10.74%
-8.77%
-18.95%
N/A
N/A
N/A
FBL
8.21%
25.77%
11.10%
54.30%
N/A
N/A
N/A
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GGLL vs. FBL - Expense Ratio Comparison
GGLL has a 1.05% expense ratio, which is lower than FBL's 1.15% expense ratio.
Risk-Adjusted Performance
GGLL vs. FBL — Risk-Adjusted Performance Rank
GGLL
FBL
GGLL vs. FBL - 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 META Daily ETF (FBL). 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. FBL - Dividend Comparison
GGLL's dividend yield for the trailing twelve months is around 4.53%, while FBL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 4.53% | 3.29% | 2.05% | 0.59% |
FBL GraniteShares 2x Long META Daily ETF | 0.00% | 0.00% | 51.58% | 0.00% |
Drawdowns
GGLL vs. FBL - Drawdown Comparison
The maximum GGLL drawdown since its inception was -52.81%, smaller than the maximum FBL drawdown of -59.80%. Use the drawdown chart below to compare losses from any high point for GGLL and FBL.
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Volatility
GGLL vs. FBL - Volatility Comparison
Direxion Daily GOOGL Bull 2X Shares (GGLL) and GraniteShares 2x Long META Daily ETF (FBL) have volatilities of 22.34% and 21.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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