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.
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
Key characteristics
GGLL:
0.53
GOOGL:
0.92
GGLL:
1.08
GOOGL:
1.40
GGLL:
1.14
GOOGL:
1.18
GGLL:
0.72
GOOGL:
1.19
GGLL:
1.62
GOOGL:
2.98
GGLL:
18.21%
GOOGL:
8.86%
GGLL:
55.93%
GOOGL:
28.73%
GGLL:
-41.33%
GOOGL:
-65.29%
GGLL:
-21.56%
GOOGL:
-10.96%
Returns By Period
In the year-to-date period, GGLL achieves a -8.57% return, which is significantly lower than GOOGL's -2.92% return.
GGLL
-8.57%
-13.88%
10.30%
37.06%
N/A
N/A
GOOGL
-2.92%
-6.24%
10.20%
31.25%
19.53%
21.21%
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Risk-Adjusted Performance
GGLL vs. GOOGL — Risk-Adjusted Performance Rank
GGLL
GOOGL
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 3.60%, more than GOOGL's 0.33% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 3.60% | 3.29% | 2.05% | 0.59% |
GOOGL Alphabet Inc. | 0.33% | 0.32% | 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 22.38% compared to Alphabet Inc. (GOOGL) at 11.06%. 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.