GGLL vs. MSFL

Last updated Aug 2, 2026

GGLL (Direxion Daily GOOGL Bull 2X Shares) and MSFL (GraniteShares 2x Long MSFT Daily ETF) are both Leveraged Equities funds. GGLL is passively managed, while MSFL is actively managed. Over the past year, GGLL returned 193.37% vs -33.16% for MSFL. Their 0.40 correlation means their historical movements had little consistent relationship. GGLL charges 0.96%/yr vs 1.15%/yr for MSFL.

Performance

GGLL vs. MSFL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily GOOGL Bull 2X Shares (GGLL) and GraniteShares 2x Long MSFT Daily ETF (MSFL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GGLL achieves a 15.09% return, which is significantly higher than MSFL's -18.68% return.

GGLL

• 1D: 13.48%
• 1M: -4.20%
• 6M: -0.63%
• YTD: 15.09%
• 1Y: 193.37%
• 3Y*: 59.15%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 49.76%

MSFL

• 1D: 5.79%
• 1M: 37.76%
• 6M: 5.09%
• YTD: -18.68%
• 1Y: -33.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -5.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GGLL Direxion Daily GOOGL Bull 2X Shares	$205.93M	$163.03M	$182.59M
MSFL GraniteShares 2x Long MSFT Daily ETF	$37.77M	$32.36M	$34.28M

GGLL vs. MSFL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GGLL Direxion Daily GOOGL Bull 2X Shares	15.09%	123.07%	49.86%
MSFL GraniteShares 2x Long MSFT Daily ETF	-18.68%	16.99%	-8.21%

Correlation

The correlation between GGLL and MSFL is 0.22, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.22
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024	0.40

The correlation between GGLL and MSFL shifts across timeframes, from 0.22 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.

GGLL vs. MSFL - Sectors Allocation Comparison

Sectors	GGLL	MSFL
Communication Services	100.0%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	66.7%
Utilities	-	-

Return for Risk

GGLL vs. MSFL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GGLL

GGLL Risk / Return Rank: 91
GGLL Sharpe Ratio Rank: 96
GGLL Sortino Ratio Rank: 92
GGLL Omega Ratio Rank: 90
GGLL Calmar Ratio Rank: 94
GGLL Martin Ratio Rank: 86

MSFL

MSFL Risk / Return Rank: 5
MSFL Sharpe Ratio Rank: 5
MSFL Sortino Ratio Rank: 5
MSFL Omega Ratio Rank: 5
MSFL Calmar Ratio Rank: 5
MSFL Martin Ratio Rank: 5

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GGLL vs. MSFL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bull 2X Shares (GGLL) and GraniteShares 2x Long MSFT Daily ETF (MSFL). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GGLL	MSFL	Difference
Sharpe ratio: Return per unit of total volatility	2.89	-0.57	+3.45
Sortino ratio: Return per unit of downside risk	3.38	-0.59	+3.97
Omega ratio: Gain probability vs. loss probability	1.41	0.93	+0.49
Calmar ratio: Return relative to maximum drawdown	4.59	-0.57	+5.17
Martin ratio: Return relative to average drawdown	12.34	-0.95	+13.29

GGLL vs. MSFL - Sharpe Ratio Comparison

The current GGLL Sharpe Ratio is 2.89, which is higher than the MSFL Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of GGLL and MSFL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GGLL vs. MSFL - Drawdown Comparison

The maximum GGLL drawdown since its inception was -52.81%, smaller than the maximum MSFL drawdown of -62.08%. Use the drawdown chart below to compare losses from any high point for GGLL and MSFL.

Drawdown Indicators

	GGLL	MSFL	Difference
Max Drawdown Largest peak-to-trough decline	-52.81%	-62.08%	+9.27%
Max Drawdown (1Y) Largest decline over 1 year	-40.32%	-62.08%	+21.76%
Max Drawdown (3Y) Largest decline over 3 years	-52.81%	—	—
Current Drawdown Current decline from peak	-25.64%	-36.63%	+10.99%
Average Drawdown Average peak-to-trough decline	-15.55%	-23.68%	+8.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.99%	37.31%	-22.32%

Volatility

GGLL vs. MSFL - Volatility Comparison

The current volatility for Direxion Daily GOOGL Bull 2X Shares (GGLL) is 26.42%, while GraniteShares 2x Long MSFT Daily ETF (MSFL) has a volatility of 29.71%. This indicates that GGLL experiences smaller price fluctuations and is considered to be less risky than MSFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGLL	MSFL	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.42%	29.71%	-3.29%
Volatility (6M) Calculated over the trailing 6-month period	49.50%	51.38%	-1.88%
Volatility (1Y) Calculated over the trailing 1-year period	64.39%	63.24%	+1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.22%	54.34%	+2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.22%	54.34%	+2.88%

GGLL vs. MSFL - Expense Ratio Comparison

GGLL has a 0.96% expense ratio, which is lower than MSFL's 1.15% expense ratio.

Dividends

GGLL vs. MSFL - Dividend Comparison

GGLL's dividend yield for the trailing twelve months is around 4.28%, while MSFL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
GGLL Direxion Daily GOOGL Bull 2X Shares	4.28%	4.16%	3.29%	2.05%	0.59%
MSFL GraniteShares 2x Long MSFT Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GGLL and MSFL in my portfolio?

GGLL and MSFL have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GGLL or MSFL?

MSFL has higher volatility (29.71%) compared to GGLL (26.42%). In terms of maximum drawdown, GGLL dropped -52.81% vs MSFL's -62.08%.

Which ETF is better, GGLL or MSFL?

On 1-year performance, GGLL leads with 193.37% vs -33.16% for MSFL. On fees, GGLL is cheaper at 0.96% per year. On volatility, GGLL has been the lower-risk option at 26.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GGLL or MSFL?

Over the 1-year period, GGLL has performed better with a 193.37% return vs -33.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GGLL or MSFL?

GGLL is cheaper with a 0.96% expense ratio, compared with 1.15% for MSFL.

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

GGLL has the higher dividend yield at 4.28%, compared with 0.00% for MSFL.

What is the main difference between GGLL and MSFL?

They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 0.96% for GGLL and 1.15% for MSFL.

Which has better risk-adjusted returns?

GGLL currently has the higher Sharpe Ratio (2.89 vs -0.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.