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 | 11.42% | 14.39% |
| 1Y Return | 10.73% | 16.12% |
| Sharpe Ratio | 0.21 | 0.57 |
| Daily Std Dev | 49.54% | 28.20% |
| Max Drawdown | -41.33% | -44.60% |
| Current Drawdown | -32.47% | -16.42% |
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 11.42% return, which is significantly lower than GOOG's 14.39% 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 2.17%, more than GOOG's 0.25% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 2.17% | 2.05% | 0.59% |
GOOG Alphabet Inc. | 0.25% | 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 14.84% compared to Alphabet Inc. (GOOG) at 7.54%. 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.