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:
-0.34
GOOG:
-0.04
GGLL:
-0.10
GOOG:
0.17
GGLL:
0.99
GOOG:
1.02
GGLL:
-0.40
GOOG:
-0.04
GGLL:
-0.88
GOOG:
-0.10
GGLL:
24.20%
GOOG:
12.09%
GGLL:
62.64%
GOOG:
31.19%
GGLL:
-52.81%
GOOG:
-44.60%
GGLL:
-49.30%
GOOG:
-26.08%
Returns By Period
In the year-to-date period, GGLL achieves a -40.91% return, which is significantly lower than GOOG's -19.38% return.
GGLL
-40.91%
-17.47%
-23.63%
-22.92%
N/A
N/A
GOOG
-19.38%
-7.77%
-6.87%
-2.14%
19.20%
19.24%
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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 5.66%, more than GOOG's 0.52% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 5.66% | 3.29% | 2.05% | 0.59% |
GOOG Alphabet Inc. | 0.52% | 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.
Volatility
GGLL vs. GOOG - Volatility Comparison
Direxion Daily GOOGL Bull 2X Shares (GGLL) has a higher volatility of 28.07% compared to Alphabet Inc. (GOOG) at 14.41%. 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.