GGLL vs. GOOX
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GGLL or GOOX.
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.
Performance
GGLL vs. GOOX - Performance Comparison
Key characteristics
GGLL:
-0.34
GOOX:
-0.32
GGLL:
-0.10
GOOX:
-0.07
GGLL:
0.99
GOOX:
0.99
GGLL:
-0.40
GOOX:
-0.39
GGLL:
-0.88
GOOX:
-0.85
GGLL:
24.20%
GOOX:
24.13%
GGLL:
62.64%
GOOX:
63.20%
GGLL:
-52.81%
GOOX:
-52.46%
GGLL:
-49.30%
GOOX:
-48.72%
Returns By Period
The year-to-date returns for both investments are quite close, with GGLL having a -40.91% return and GOOX slightly higher at -39.70%.
GGLL
-40.91%
-17.47%
-23.63%
-22.92%
N/A
N/A
GOOX
-39.70%
-17.63%
-22.67%
-22.32%
N/A
N/A
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GGLL vs. GOOX - Expense Ratio Comparison
Both GGLL and GOOX have an expense ratio of 1.05%.
Risk-Adjusted Performance
GGLL vs. GOOX — Risk-Adjusted Performance Rank
GGLL
GOOX
GGLL vs. GOOX - Risk-Adjusted Performance 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.
Dividends
GGLL vs. GOOX - Dividend Comparison
GGLL's dividend yield for the trailing twelve months is around 5.66%, less than GOOX's 27.83% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 5.66% | 3.29% | 2.05% | 0.59% |
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 27.83% | 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. For additional features, visit the drawdowns tool.
Volatility
GGLL vs. GOOX - Volatility Comparison
The current volatility for Direxion Daily GOOGL Bull 2X Shares (GGLL) is 28.07%, while T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a volatility of 30.07%. This indicates that GGLL experiences smaller price fluctuations and is considered to be less risky than GOOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.