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 0.99, 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
Key characteristics
GGLL:
0.53
GOOG:
0.99
GGLL:
1.08
GOOG:
1.48
GGLL:
1.14
GOOG:
1.19
GGLL:
0.72
GOOG:
1.26
GGLL:
1.62
GOOG:
3.18
GGLL:
18.37%
GOOG:
8.87%
GGLL:
56.11%
GOOG:
28.41%
GGLL:
-41.33%
GOOG:
-44.60%
GGLL:
-25.25%
GOOG:
-12.58%
Returns By Period
In the year-to-date period, GGLL achieves a -12.88% return, which is significantly lower than GOOG's -4.65% return.
GGLL
-12.88%
-19.81%
7.35%
26.09%
N/A
N/A
GOOG
-4.65%
-9.22%
8.72%
25.40%
19.74%
21.23%
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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.
Dividends
GGLL vs. GOOG - Dividend Comparison
GGLL's dividend yield for the trailing twelve months is around 3.78%, more than GOOG's 0.33% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 3.78% | 3.29% | 2.05% | 0.59% |
GOOG Alphabet Inc. | 0.33% | 0.32% | 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 22.47% compared to Alphabet Inc. (GOOG) at 10.68%. 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.