PortfoliosLab logo
GGLL vs. GOOG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily GOOGL Bull 2X Shares (GGLL) and Alphabet Inc (GOOG). The values are adjusted to include any dividend payments, if applicable.

Loading data...

Key characteristics

Sharpe Ratio

GGLL:

-0.44

GOOG:

-0.18

Sortino Ratio

GGLL:

-0.30

GOOG:

-0.05

Omega Ratio

GGLL:

0.96

GOOG:

0.99

Calmar Ratio

GGLL:

-0.53

GOOG:

-0.20

Martin Ratio

GGLL:

-1.04

GOOG:

-0.43

Ulcer Index

GGLL:

26.87%

GOOG:

13.49%

Daily Std Dev

GGLL:

61.79%

GOOG:

30.81%

Max Drawdown

GGLL:

-52.81%

GOOG:

-44.60%

Current Drawdown

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

YTD

-35.54%

1M

0.79%

6M

-31.83%

1Y

-27.09%

5Y*

N/A

10Y*

N/A

GOOG

YTD

-15.42%

1M

0.93%

6M

-12.04%

1Y

-5.41%

5Y*

19.06%

10Y*

19.79%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Risk-Adjusted Performance

GGLL vs. GOOG — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GGLL
The Risk-Adjusted Performance Rank of GGLL is 55
Overall Rank
The Sharpe Ratio Rank of GGLL is 55
Sharpe Ratio Rank
The Sortino Ratio Rank of GGLL is 77
Sortino Ratio Rank
The Omega Ratio Rank of GGLL is 77
Omega Ratio Rank
The Calmar Ratio Rank of GGLL is 11
Calmar Ratio Rank
The Martin Ratio Rank of GGLL is 44
Martin Ratio Rank

GOOG
The Risk-Adjusted Performance Rank of GOOG is 3838
Overall Rank
The Sharpe Ratio Rank of GOOG is 4242
Sharpe Ratio Rank
The Sortino Ratio Rank of GOOG is 3434
Sortino Ratio Rank
The Omega Ratio Rank of GOOG is 3333
Omega Ratio Rank
The Calmar Ratio Rank of GOOG is 3838
Calmar Ratio Rank
The Martin Ratio Rank of GOOG is 4141
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current GGLL Sharpe Ratio is -0.44, which is lower than the GOOG Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of GGLL and GOOG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Loading data...

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.


TTM202420232022
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.


Loading data...

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.


Loading data...