GGLL vs. GOOW

Last updated Jun 4, 2026

GGLL (Direxion Daily GOOGL Bull 2X Shares) and GOOW (Roundhill GOOGL WeeklyPay™ ETF) are both exchange-traded funds - GGLL is a Leveraged Equities fund tracking the Alphabet Inc. Class A (200%), while GOOW is a Derivative Income fund actively managed by Roundhill. GGLL is passively managed, while GOOW is actively managed. With a 0.99 correlation, they move nearly in lockstep. GGLL charges 1.05%/yr vs 0.99%/yr for GOOW.

Performance

GGLL vs. GOOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily GOOGL Bull 2X Shares (GGLL) and Roundhill GOOGL WeeklyPay™ ETF (GOOW). 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 GOOW's 15.42% return.

GGLL

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

GOOW

• 1D: -0.89%
• 1M: -7.95%
• YTD: 15.42%
• 6M: 11.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GGLL vs. GOOW - Yearly Performance Comparison

	2026 (YTD)	2025
GGLL Direxion Daily GOOGL Bull 2X Shares	22.24%	145.75%
GOOW Roundhill GOOGL WeeklyPay™ ETF	15.42%	75.51%

Correlation

The correlation between GGLL and GOOW is 0.99 - 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 (All Time) Calculated using the full available price history since Jul 25, 2025	0.99

GGLL vs. GOOW - Sectors Allocation Comparison

Sectors	GGLL	GOOW
Communication Services	100.0%	100.0%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

GGLL vs. GOOW — 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

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. GOOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bull 2X Shares (GGLL) and Roundhill GOOGL WeeklyPay™ ETF (GOOW). 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	GOOW	Difference
Sharpe ratio Return per unit of total volatility	5.07	—	—
Sortino ratio Return per unit of downside risk	4.96	—	—
Omega ratio Gain probability vs. loss probability	1.60	—	—
Calmar ratio Return relative to maximum drawdown	7.69	—	—
Martin ratio Return relative to average drawdown	26.53	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GGLL	GOOW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	3.43	-2.44

Drawdowns

GGLL vs. GOOW - Drawdown Comparison

The maximum GGLL drawdown since its inception was -52.81%, which is greater than GOOW's maximum drawdown of -24.88%. Use the drawdown chart below to compare losses from any high point for GGLL and GOOW.

Drawdown Indicators

	GGLL	GOOW	Difference
Max Drawdown Largest peak-to-trough decline	-52.81%	-24.88%	-27.93%
Max Drawdown (1Y) Largest decline over 1 year	-38.39%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-52.81%	—	—
Current Drawdown Current decline from peak	-21.02%	-13.20%	-7.82%
Average Drawdown Average peak-to-trough decline	-15.17%	-4.80%	-10.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.11%	—	—

Volatility

Volatility by Period

	GGLL	GOOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	40.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	58.40%	37.38%	+21.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.03%	37.38%	+18.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.03%	37.38%	+18.65%

GGLL vs. GOOW - Expense Ratio Comparison

GGLL has a 1.05% expense ratio, which is higher than GOOW's 0.99% expense ratio.

Dividends

GGLL vs. GOOW - Dividend Comparison

GGLL's dividend yield for the trailing twelve months is around 3.73%, less than GOOW's 35.21% yield.

Position	TTM	2025	2024	2023	2022
GGLL Direxion Daily GOOGL Bull 2X Shares	3.73%	4.16%	3.29%	2.05%	0.59%
GOOW Roundhill GOOGL WeeklyPay™ ETF	35.21%	19.77%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GGLL and GOOW in my portfolio?

With a correlation of 0.99, GGLL and GOOW 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 ETF is better, GGLL or GOOW?

On fees, GOOW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GGLL or GOOW?

GOOW is cheaper with a 0.99% expense ratio, compared with 1.05% for GGLL.

Which ETF pays a higher dividend yield, GGLL or GOOW?

GOOW has the higher dividend yield at 35.21%, compared with 3.73% for GGLL.

What is the main difference between GGLL and GOOW?

GGLL is categorized as Leveraged Equities, while GOOW is Derivative Income. They also come from different issuers: Direxion and Roundhill. Their fees differ too: 1.05% for GGLL and 0.99% for GOOW.