GGLL vs. GOOGL
Compare and contrast key facts about Direxion Daily GOOGL Bull 2X Shares (GGLL) and Alphabet Inc. (GOOGL).
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 GOOGL.
Key characteristics
| GGLL | GOOGL | |
|---|---|---|
| YTD Return | 35.90% | 27.99% |
| 1Y Return | 49.78% | 37.28% |
| Sharpe Ratio | 0.97 | 1.34 |
| Sortino Ratio | 1.51 | 1.89 |
| Omega Ratio | 1.20 | 1.25 |
| Calmar Ratio | 1.13 | 1.61 |
| Martin Ratio | 2.73 | 4.06 |
| Ulcer Index | 17.15% | 8.78% |
| Daily Std Dev | 48.28% | 26.49% |
| Max Drawdown | -41.33% | -65.29% |
| Current Drawdown | -17.64% | -6.59% |
Correlation
The correlation between GGLL and GOOGL is 1.00, 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. GOOGL - Performance Comparison
In the year-to-date period, GGLL achieves a 35.90% return, which is significantly higher than GOOGL's 27.99% 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. GOOGL - 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. (GOOGL). 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. GOOGL - Dividend Comparison
GGLL's dividend yield for the trailing twelve months is around 2.35%, more than GOOGL's 0.22% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 2.35% | 2.05% | 0.59% |
GOOGL Alphabet Inc. | 0.22% | 0.00% | 0.00% |
Drawdowns
GGLL vs. GOOGL - Drawdown Comparison
The maximum GGLL drawdown since its inception was -41.33%, smaller than the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for GGLL and GOOGL. For additional features, visit the drawdowns tool.
Volatility
GGLL vs. GOOGL - Volatility Comparison
Direxion Daily GOOGL Bull 2X Shares (GGLL) has a higher volatility of 13.54% compared to Alphabet Inc. (GOOGL) at 6.80%. This indicates that GGLL's price experiences larger fluctuations and is considered to be riskier than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.