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GGLL vs. GOOX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between GGLL and GOOX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

GGLL vs. GOOX

Last updated Jun 2, 2025

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.

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.

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Key characteristics

Sharpe Ratio

GGLL:

-0.30

GOOX:

-0.30

Sortino Ratio

GGLL:

-0.13

GOOX:

-0.13

Omega Ratio

GGLL:

0.98

GOOX:

0.98

Calmar Ratio

GGLL:

-0.43

GOOX:

-0.43

Martin Ratio

GGLL:

-0.81

GOOX:

-0.81

Ulcer Index

GGLL:

28.15%

GOOX:

28.04%

Daily Std Dev

GGLL:

62.71%

GOOX:

63.23%

Max Drawdown

GGLL:

-52.81%

GOOX:

-52.46%

Current Drawdown

GGLL:

-36.56%

GOOX:

-36.64%

Returns By Period

The year-to-date returns for both investments are quite close, with GGLL having a -26.06% return and GOOX slightly higher at -25.50%.

GGLL

YTD

-26.06%

1M

7.21%

6M

-8.77%

1Y

-18.95%

3Y*

N/A

5Y*

N/A

10Y*

N/A

GOOX

YTD

-25.50%

1M

6.22%

6M

-8.41%

1Y

-18.81%

3Y*

N/A

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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Direxion Daily GOOGL Bull 2X Shares

T-Rex 2X Long Alphabet Daily Target ETF

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
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

GGLL vs. GOOX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GGLL
The Risk-Adjusted Performance Rank of GGLL is 77
Overall Rank
The Sharpe Ratio Rank of GGLL is 88
Sharpe Ratio Rank
The Sortino Ratio Rank of GGLL is 99
Sortino Ratio Rank
The Omega Ratio Rank of GGLL is 99
Omega Ratio Rank
The Calmar Ratio Rank of GGLL is 33
Calmar Ratio Rank
The Martin Ratio Rank of GGLL is 66
Martin Ratio Rank
GOOX
The Risk-Adjusted Performance Rank of GOOX is 77
Overall Rank
The Sharpe Ratio Rank of GOOX is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of GOOX is 99
Sortino Ratio Rank
The Omega Ratio Rank of GOOX is 99
Omega Ratio Rank
The Calmar Ratio Rank of GOOX is 22
Calmar Ratio Rank
The Martin Ratio Rank of GOOX is 66
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current GGLL Sharpe Ratio is -0.30, which is comparable to the GOOX Sharpe Ratio of -0.30. 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.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

GGLL vs. GOOX - Dividend Comparison

GGLL's dividend yield for the trailing twelve months is around 4.53%, less than GOOX's 22.52% yield.

TTM202420232022
GGLL
Direxion Daily GOOGL Bull 2X Shares		4.53%3.29%2.05%0.59%
GOOX
T-Rex 2X Long Alphabet Daily Target ETF		22.52%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.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

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 22.34% and 22.37%, 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.

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