GGLL vs. GOOX

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily GOOGL Bull 2X Shares (GGLL) and T-Rex 2X Long Alphabet Daily Target ETF (GOOX).

GGLL and GOOX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. GOOX is an actively managed fund by T-Rex. It was launched on Jan 10, 2024.

Performance

GGLL vs. GOOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily GOOGL Bull 2X Shares (GGLL) and T-Rex 2X Long Alphabet Daily Target ETF (GOOX). The values are adjusted to include any dividend payments, if applicable.

GGLL vs. GOOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GGLL Direxion Daily GOOGL Bull 2X Shares	-18.90%	123.07%	46.07%
GOOX T-Rex 2X Long Alphabet Daily Target ETF	-19.70%	121.41%	46.80%

Returns By Period

The year-to-date returns for both stocks are quite close, with GGLL having a -18.90% return and GOOX slightly lower at -19.70%.

GGLL

• 1D: 10.22%
• 1M: -16.24%
• YTD: -18.90%
• 6M: 28.40%
• 1Y: 186.52%
• 3Y*: 57.93%
• 5Y*: —
• 10Y*: —

GOOX

• 1D: 10.08%
• 1M: -16.58%
• YTD: -19.70%
• 6M: 26.86%
• 1Y: 178.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GGLL vs. GOOX - Expense Ratio Comparison

Both GGLL and GOOX have an expense ratio of 1.05%.

GGLL

Direxion Daily GOOGL Bull 2X Shares

GOOX

T-Rex 2X Long Alphabet Daily Target ETF

Return for Risk

GGLL vs. GOOX — Risk / Return Rank

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

GGLL

GGLL Risk / Return Rank: 96
GGLL Sharpe Ratio Rank: 98
GGLL Sortino Ratio Rank: 97
GGLL Omega Ratio Rank: 94
GGLL Calmar Ratio Rank: 97
GGLL Martin Ratio Rank: 97

GOOX

GOOX Risk / Return Rank: 96
GOOX Sharpe Ratio Rank: 97
GOOX Sortino Ratio Rank: 97
GOOX Omega Ratio Rank: 93
GOOX Calmar Ratio Rank: 96
GOOX Martin Ratio Rank: 96

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. GOOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bull 2X Shares (GGLL) and T-Rex 2X Long Alphabet Daily Target ETF (GOOX). 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	GOOX	Difference
Sharpe ratio Return per unit of total volatility	3.08	2.93	+0.14
Sortino ratio Return per unit of downside risk	3.47	3.39	+0.08
Omega ratio Gain probability vs. loss probability	1.43	1.42	+0.01
Calmar ratio Return relative to maximum drawdown	4.88	4.59	+0.29
Martin ratio Return relative to average drawdown	18.04	16.82	+1.21
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. GOOX - Sharpe Ratio Comparison

The current GGLL Sharpe Ratio is 3.08, which is comparable to the GOOX Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of GGLL and GOOX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GGLL	GOOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.08	2.93	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.92	-0.17

Correlation

The correlation between GGLL and GOOX is 0.99, 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.

Dividends

GGLL vs. GOOX - Dividend Comparison

GGLL's dividend yield for the trailing twelve months is around 5.63%, more than GOOX's 0.38% yield.

	TTM	2025	2024	2023	2022
GGLL Direxion Daily GOOGL Bull 2X Shares	5.63%	4.16%	3.29%	2.05%	0.59%
GOOX T-Rex 2X Long Alphabet Daily Target ETF	0.38%	0.30%	16.78%	0.00%	0.00%

Drawdowns

GGLL vs. GOOX - Drawdown Comparison

The maximum GGLL drawdown since its inception was -52.81%, roughly equal to the maximum GOOX drawdown of -52.46%. Use the drawdown chart below to compare losses from any high point for GGLL and GOOX.

Drawdown Indicators

	GGLL	GOOX	Difference
Max Drawdown Largest peak-to-trough decline	-52.81%	-52.46%	-0.35%
Max Drawdown (1Y) Largest decline over 1 year	-38.39%	-38.98%	+0.59%
Current Drawdown Current decline from peak	-32.09%	-32.83%	+0.74%
Average Drawdown Average peak-to-trough decline	-15.49%	-17.64%	+2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.38%	10.63%	-0.25%

Volatility

GGLL vs. GOOX - Volatility Comparison

Direxion Daily GOOGL Bull 2X Shares (GGLL) and T-Rex 2X Long Alphabet Daily Target ETF (GOOX) have volatilities of 18.25% and 17.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGLL	GOOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.25%	17.46%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	39.37%	38.87%	+0.50%
Volatility (1Y) Calculated over the trailing 1-year period	60.98%	61.17%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.13%	59.48%	-4.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.13%	59.48%	-4.35%