GGLL vs. GOOGL

Last updated Jun 4, 2026

GGLL (Direxion Daily GOOGL Bull 2X Shares) is Leveraged Equities fund tracking the Alphabet Inc. Class A (200%), while GOOGL (Alphabet Inc. Class A) is a stock. Over the past 3 years, GGLL returned 65.97%/yr vs 42.66%/yr for GOOGL. With a 1.00 correlation, they move nearly in lockstep.

Performance

GGLL vs. GOOGL - 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. Class A (GOOGL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GGLL achieves a 22.24% return, which is significantly higher than GOOGL's 14.77% return.

GGLL

• 1D: -1.40%
• 1M: -13.22%
• YTD: 22.24%
• 6M: 15.91%
• 1Y: 293.20%
• 3Y*: 65.97%
• 5Y*: —
• 10Y*: —

GOOGL

• 1D: -0.79%
• 1M: -6.33%
• YTD: 14.77%
• 6M: 12.47%
• 1Y: 116.77%
• 3Y*: 42.66%
• 5Y*: 24.78%
• 10Y*: 25.69%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GGLL vs. GOOGL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GGLL Direxion Daily GOOGL Bull 2X Shares	22.24%	123.07%	48.88%	81.20%	-30.35%
GOOGL Alphabet Inc. Class A	14.77%	65.99%	36.01%	58.32%	-19.39%

Correlation

The correlation between GGLL and GOOGL is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022	1.00

The correlation between GGLL and GOOGL has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

GGLL vs. GOOGL — Risk / Return Rank

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

GGLL

GGLL Risk / Return Rank: 94
GGLL Sharpe Ratio Rank: 97
GGLL Sortino Ratio Rank: 94
GGLL Omega Ratio Rank: 90
GGLL Calmar Ratio Rank: 94
GGLL Martin Ratio Rank: 94

GOOGL

GOOGL Risk / Return Rank: 96
GOOGL Sharpe Ratio Rank: 97
GOOGL Sortino Ratio Rank: 98
GOOGL Omega Ratio Rank: 96
GOOGL Calmar Ratio Rank: 93
GOOGL Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GGLL vs. GOOGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bull 2X Shares (GGLL) and Alphabet Inc. Class A (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.

	GGLL	GOOGL	Difference
Sharpe ratio: Return per unit of total volatility	5.07	4.03	+1.04
Sortino ratio: Return per unit of downside risk	4.96	5.33	-0.38
Omega ratio: Gain probability vs. loss probability	1.60	1.65	-0.05
Calmar ratio: Return relative to maximum drawdown	7.69	5.77	+1.93
Martin ratio: Return relative to average drawdown	26.53	21.31	+5.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GGLL vs. GOOGL - Sharpe Ratio Comparison

The current GGLL Sharpe Ratio is 5.07, which is comparable to the GOOGL Sharpe Ratio of 4.03. The chart below compares the historical Sharpe Ratios of GGLL and GOOGL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GGLL	GOOGL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.07	4.03	+1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	0.84	+0.15

Drawdowns

GGLL vs. GOOGL - Drawdown Comparison

The maximum GGLL drawdown since its inception was -52.81%, 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.

Drawdown Indicators

	GGLL	GOOGL	Difference
Max Drawdown Largest peak-to-trough decline	-52.81%	-65.29%	+12.48%
Max Drawdown (1Y) Largest decline over 1 year	-38.39%	-20.37%	-18.02%
Max Drawdown (3Y) Largest decline over 3 years	-52.81%	-29.81%	-23.00%
Max Drawdown (5Y) Largest decline over 5 years	—	-44.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.32%	—
Current Drawdown Current decline from peak	-21.02%	-10.84%	-10.18%
Average Drawdown Average peak-to-trough decline	-15.17%	-13.02%	-2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.11%	5.50%	+5.61%

Volatility

GGLL vs. GOOGL - Volatility Comparison

Direxion Daily GOOGL Bull 2X Shares (GGLL) has a higher volatility of 16.60% compared to Alphabet Inc. Class A (GOOGL) at 8.29%. 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.

Volatility by Period

	GGLL	GOOGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.60%	8.29%	+8.31%
Volatility (6M) Calculated over the trailing 6-month period	40.70%	20.56%	+20.14%
Volatility (1Y) Calculated over the trailing 1-year period	58.40%	29.22%	+29.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.03%	31.29%	+24.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.03%	29.10%	+26.93%

Dividends

GGLL vs. GOOGL - Dividend Comparison

GGLL's dividend yield for the trailing twelve months is around 3.73%, more than GOOGL's 0.23% yield.

Position	TTM	2025	2024	2023	2022
GGLL Direxion Daily GOOGL Bull 2X Shares	3.73%	4.16%	3.29%	2.05%	0.59%
GOOGL Alphabet Inc. Class A	0.23%	0.27%	0.32%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GGLL and GOOGL in my portfolio?

With a correlation of 1.00, GGLL and GOOGL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GGLL or GOOGL?

GGLL has higher volatility (16.60%) compared to GOOGL (8.29%). In terms of maximum drawdown, GGLL dropped -52.81% vs GOOGL's -65.29%.

Which has better risk-adjusted returns?

GGLL currently has the higher Sharpe Ratio (5.07 vs 4.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.