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.
Key characteristics
| GGLL | GOOX | |
|---|---|---|
| Daily Std Dev | 48.21% | 53.63% |
| Max Drawdown | -41.33% | -41.86% |
| Current Drawdown | -14.68% | -15.16% |
Correlation
The correlation between GGLL and GOOX is 0.98, 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
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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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 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.
Not enough dataDividends
GGLL vs. GOOX - Dividend Comparison
GGLL's dividend yield for the trailing twelve months is around 2.27%, while GOOX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | |
|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 2.27% | 2.05% | 0.59% |
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 0.00% | 0.00% | 0.00% |
Drawdowns
GGLL vs. GOOX - Drawdown Comparison
The maximum GGLL drawdown since its inception was -41.33%, roughly equal to the maximum GOOX drawdown of -41.86%. 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
Direxion Daily GOOGL Bull 2X Shares (GGLL) and T-Rex 2X Long Alphabet Daily Target ETF (GOOX) have volatilities of 13.55% and 13.56%, 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.