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 | 10.69% | 14.33% |
| 1Y Return | 9.77% | 15.56% |
| Sharpe Ratio | 0.21 | 0.57 |
| Daily Std Dev | 49.55% | 28.36% |
| Max Drawdown | -41.33% | -65.29% |
| Current Drawdown | -32.92% | -16.55% |
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 10.69% return, which is significantly lower than GOOGL's 14.33% 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 2.74%, more than GOOGL's 0.25% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 2.19% | 2.05% | 0.59% |
GOOGL Alphabet Inc. | 0.25% | 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 15.62% compared to Alphabet Inc. (GOOGL) at 7.75%. 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.