GGLL vs. MSFU

Last updated Jun 16, 2026

GGLL (Direxion Daily GOOGL Bull 2X Shares) and MSFU (Direxion Daily MSFT Bull 2X Shares) are both Leveraged Equities funds from Direxion - GGLL tracks the Alphabet Inc. Class A (200%) while MSFU tracks the Microsoft Corporation (150%). Both are passively managed. Over the past 3 years, GGLL returned 69.72%/yr vs -5.80%/yr for MSFU. A 0.52 correlation means they provide meaningful diversification when combined. GGLL charges 1.05%/yr vs 1.04%/yr for MSFU.

Performance

GGLL vs. MSFU - Performance Comparison

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

Returns By Period

In the year-to-date period, GGLL achieves a 28.35% return, which is significantly higher than MSFU's -37.11% return.

GGLL

• 1D: 5.27%
• 1M: -14.41%
• YTD: 28.35%
• 6M: 31.36%
• 1Y: 274.90%
• 3Y*: 69.72%
• 5Y*: —
• 10Y*: —

MSFU

• 1D: 4.68%
• 1M: -11.32%
• YTD: -37.11%
• 6M: -35.10%
• 1Y: -39.10%
• 3Y*: -5.80%
• 5Y*: —
• 10Y*: —

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

GGLL vs. MSFU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GGLL Direxion Daily GOOGL Bull 2X Shares	28.35%	123.07%	48.88%	81.20%	-30.35%
MSFU Direxion Daily MSFT Bull 2X Shares	-37.11%	13.36%	5.80%	83.04%	-13.28%

Correlation

The correlation between GGLL and MSFU is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022	0.52

Over the past year, the correlation between GGLL and MSFU has dropped to 0.18 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

GGLL vs. MSFU - Sectors Allocation Comparison

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

Return for Risk

GGLL vs. MSFU — Risk / Return Rank

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

GGLL

GGLL Risk / Return Rank: 95
GGLL Sharpe Ratio Rank: 98
GGLL Sortino Ratio Rank: 95
GGLL Omega Ratio Rank: 93
GGLL Calmar Ratio Rank: 95
GGLL Martin Ratio Rank: 94

MSFU

MSFU Risk / Return Rank: 3
MSFU Sharpe Ratio Rank: 3
MSFU Sortino Ratio Rank: 4
MSFU Omega Ratio Rank: 3
MSFU Calmar Ratio Rank: 4
MSFU Martin Ratio Rank: 3

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. MSFU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bull 2X Shares (GGLL) and Direxion Daily MSFT Bull 2X Shares (MSFU). 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	MSFU	Difference
Sharpe ratio: Return per unit of total volatility	4.72	-0.77	+5.49
Sortino ratio: Return per unit of downside risk	4.76	-0.93	+5.68
Omega ratio: Gain probability vs. loss probability	1.57	0.88	+0.69
Calmar ratio: Return relative to maximum drawdown	7.21	-0.66	+7.87
Martin ratio: Return relative to average drawdown	23.85	-1.22	+25.07

GGLL vs. MSFU - Sharpe Ratio Comparison

The current GGLL Sharpe Ratio is 4.72, which is higher than the MSFU Sharpe Ratio of -0.77. The chart below compares the historical Sharpe Ratios of GGLL and MSFU, 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. MSFU - Drawdown Comparison

The maximum GGLL drawdown since its inception was -52.81%, smaller than the maximum MSFU drawdown of -59.83%. Use the drawdown chart below to compare losses from any high point for GGLL and MSFU.

Drawdown Indicators

	GGLL	MSFU	Difference
Max Drawdown Largest peak-to-trough decline	-52.81%	-59.83%	+7.02%
Max Drawdown (1Y) Largest decline over 1 year	-38.39%	-59.83%	+21.44%
Max Drawdown (3Y) Largest decline over 3 years	-52.81%	-59.83%	+7.02%
Current Drawdown Current decline from peak	-17.07%	-51.32%	+34.25%
Average Drawdown Average peak-to-trough decline	-15.19%	-16.78%	+1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.59%	32.21%	-20.62%

Volatility

GGLL vs. MSFU - Volatility Comparison

The current volatility for Direxion Daily GOOGL Bull 2X Shares (GGLL) is 15.63%, while Direxion Daily MSFT Bull 2X Shares (MSFU) has a volatility of 21.34%. This indicates that GGLL experiences smaller price fluctuations and is considered to be less risky than MSFU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGLL	MSFU	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.63%	21.34%	-5.71%
Volatility (6M) Calculated over the trailing 6-month period	41.15%	45.46%	-4.31%
Volatility (1Y) Calculated over the trailing 1-year period	58.77%	51.01%	+7.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.02%	46.39%	+9.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.02%	46.39%	+9.63%

GGLL vs. MSFU - Expense Ratio Comparison

GGLL has a 1.05% expense ratio, which is higher than MSFU's 1.04% expense ratio.

Dividends

GGLL vs. MSFU - Dividend Comparison

GGLL's dividend yield for the trailing twelve months is around 3.56%, less than MSFU's 12.58% yield.

Position	TTM	2025	2024	2023	2022
GGLL Direxion Daily GOOGL Bull 2X Shares	3.56%	4.16%	3.29%	2.05%	0.59%
MSFU Direxion Daily MSFT Bull 2X Shares	12.58%	8.15%	7.00%	2.11%	0.54%

Frequently Asked Questions

Can I hold both GGLL and MSFU in my portfolio?

GGLL and MSFU have a correlation of 0.18, 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 MSFU?

MSFU has higher volatility (21.34%) compared to GGLL (15.63%). In terms of maximum drawdown, GGLL dropped -52.81% vs MSFU's -59.83%.

Which ETF is better, GGLL or MSFU?

On 3-year performance, GGLL leads with 69.72% vs -5.80% for MSFU. On fees, MSFU is cheaper at 1.04% per year. On volatility, GGLL has been the lower-risk option at 15.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GGLL or MSFU?

Over the 3-year period, GGLL has performed better with a 69.72% return vs -5.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GGLL or MSFU?

MSFU is cheaper with a 1.04% expense ratio, compared with 1.05% for GGLL.

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

MSFU has the higher dividend yield at 12.58%, compared with 3.56% for GGLL.

What is the main difference between GGLL and MSFU?

GGLL tracks Alphabet Inc. Class A (200%), while MSFU tracks Microsoft Corporation (150%). Their fees differ too: 1.05% for GGLL and 1.04% for MSFU.

Which has better risk-adjusted returns?

GGLL currently has the higher Sharpe Ratio (4.72 vs -0.77), 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.