GGLL vs. GOOG
Compare and contrast key facts about Direxion Daily GOOGL Bull 2X Shares (GGLL) and Alphabet Inc (GOOG).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GGLL or GOOG.
Correlation
The correlation between GGLL and GOOG is 0.65, 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.
Performance
GGLL vs. GOOG - Performance Comparison
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Key characteristics
GGLL:
-0.44
GOOG:
-0.18
GGLL:
-0.30
GOOG:
-0.05
GGLL:
0.96
GOOG:
0.99
GGLL:
-0.53
GOOG:
-0.20
GGLL:
-1.04
GOOG:
-0.43
GGLL:
26.87%
GOOG:
13.49%
GGLL:
61.79%
GOOG:
30.81%
GGLL:
-52.81%
GOOG:
-44.60%
GGLL:
-44.70%
GOOG:
-22.45%
Returns By Period
In the year-to-date period, GGLL achieves a -35.54% return, which is significantly lower than GOOG's -15.42% return.
GGLL
-35.54%
0.79%
-31.83%
-27.09%
N/A
N/A
GOOG
-15.42%
0.93%
-12.04%
-5.41%
19.06%
19.79%
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Risk-Adjusted Performance
GGLL vs. GOOG — Risk-Adjusted Performance Rank
GGLL
GOOG
GGLL vs. GOOG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bull 2X Shares (GGLL) and Alphabet Inc (GOOG). 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. GOOG - Dividend Comparison
GGLL's dividend yield for the trailing twelve months is around 5.19%, more than GOOG's 0.50% yield.
TTM | 2024 | 2023 | 2022 | |
---|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 5.19% | 3.29% | 2.05% | 0.59% |
GOOG Alphabet Inc | 0.50% | 0.32% | 0.00% | 0.00% |
Drawdowns
GGLL vs. GOOG - Drawdown Comparison
The maximum GGLL drawdown since its inception was -52.81%, which is greater than GOOG's maximum drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for GGLL and GOOG. For additional features, visit the drawdowns tool.
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Volatility
GGLL vs. GOOG - Volatility Comparison
Direxion Daily GOOGL Bull 2X Shares (GGLL) has a higher volatility of 22.82% compared to Alphabet Inc (GOOG) at 11.23%. This indicates that GGLL's price experiences larger fluctuations and is considered to be riskier than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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