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.
Key characteristics
| GGLL | GOOG | |
|---|---|---|
| YTD Return | 40.77% | 30.40% |
| 1Y Return | 51.81% | 37.51% |
| Sharpe Ratio | 1.06 | 1.41 |
| Sortino Ratio | 1.60 | 1.94 |
| Omega Ratio | 1.21 | 1.26 |
| Calmar Ratio | 1.23 | 1.66 |
| Martin Ratio | 2.96 | 4.24 |
| Ulcer Index | 17.20% | 8.74% |
| Daily Std Dev | 48.21% | 26.22% |
| Max Drawdown | -41.33% | -44.60% |
| Current Drawdown | -14.68% | -4.72% |
Correlation
The correlation between GGLL and GOOG is 0.99, 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. GOOG - Performance Comparison
In the year-to-date period, GGLL achieves a 40.77% return, which is significantly higher than GOOG's 30.40% 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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Risk-Adjusted Performance
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.
Dividends
GGLL vs. GOOG - Dividend Comparison
GGLL's dividend yield for the trailing twelve months is around 2.27%, more than GOOG's 0.22% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 2.27% | 2.05% | 0.59% |
GOOG Alphabet Inc. | 0.22% | 0.00% | 0.00% |
Drawdowns
GGLL vs. GOOG - Drawdown Comparison
The maximum GGLL drawdown since its inception was -41.33%, smaller than the maximum GOOG 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.
Volatility
GGLL vs. GOOG - Volatility Comparison
Direxion Daily GOOGL Bull 2X Shares (GGLL) has a higher volatility of 13.55% compared to Alphabet Inc. (GOOG) at 6.76%. 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.