GGLL vs. NKE
GGLL (Direxion Daily GOOGL Bull 2X Shares) is Leveraged Equities fund tracking the Alphabet Inc. Class A (200%), while NKE (NIKE, Inc.) is a stock. Over the past 3 years, GGLL returned 66.50%/yr vs -23.49%/yr for NKE. At a 0.25 correlation, their price movements are largely independent.
Performance
GGLL vs. NKE - Performance Comparison
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Returns By Period
In the year-to-date period, GGLL achieves a 21.93% return, which is significantly higher than NKE's -28.37% return.
GGLL
- 1D
- 1.02%
- 1M
- -20.61%
- YTD
- 21.93%
- 6M
- 23.94%
- 1Y
- 256.14%
- 3Y*
- 66.50%
- 5Y*
- —
- 10Y*
- —
NKE
- 1D
- -2.24%
- 1M
- 8.24%
- YTD
- -28.37%
- 6M
- -32.37%
- 1Y
- -23.74%
- 3Y*
- -23.49%
- 5Y*
- -18.04%
- 10Y*
- -0.48%
GGLL vs. NKE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 21.93% | 123.07% | 48.88% | 81.20% | -30.35% |
NKE NIKE, Inc. | -28.37% | -13.83% | -29.11% | -6.01% | 11.62% |
Correlation
The correlation between GGLL and NKE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | 0.25 |
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Return for Risk
GGLL vs. NKE — Risk / Return Rank
GGLL
NKE
GGLL vs. NKE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bull 2X Shares (GGLL) and NIKE, Inc. (NKE). 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 | NKE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.02 | ||
| Sortino ratioReturn per unit of downside risk | +5.38 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 0.89 | +0.65 |
| Calmar ratioReturn relative to maximum drawdown | 6.60 | -0.58 | +7.18 |
| Martin ratioReturn relative to average drawdown | 21.93 | -1.09 | +23.02 |
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Drawdowns
GGLL vs. NKE - Drawdown Comparison
The maximum GGLL drawdown since its inception was -52.81%, smaller than the maximum NKE drawdown of -75.19%. Use the drawdown chart below to compare losses from any high point for GGLL and NKE.
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Drawdown Indicators
| GGLL | NKE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.81% | -75.19% | +22.38% |
Max Drawdown (1Y)Largest decline over 1 year | -38.39% | -46.18% | +7.79% |
Max Drawdown (3Y)Largest decline over 3 years | -52.81% | -64.21% | +11.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -74.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.64% | — |
Current DrawdownCurrent decline from peak | -21.22% | -72.55% | +51.33% |
Average DrawdownAverage peak-to-trough decline | -15.19% | -20.93% | +5.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.54% | 24.38% | -12.84% |
Volatility
GGLL vs. NKE - Volatility Comparison
Direxion Daily GOOGL Bull 2X Shares (GGLL) has a higher volatility of 14.31% compared to NIKE, Inc. (NKE) at 10.43%. This indicates that GGLL's price experiences larger fluctuations and is considered to be riskier than NKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGLL | NKE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.31% | 10.43% | +3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 41.16% | 29.43% | +11.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.54% | 38.48% | +20.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.99% | 35.91% | +20.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.99% | 32.29% | +23.70% |
Dividends
GGLL vs. NKE - Dividend Comparison
GGLL's dividend yield for the trailing twelve months is around 3.74%, more than NKE's 3.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 3.74% | 4.16% | 3.29% | 2.05% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NKE NIKE, Inc. | 3.63% | 2.53% | 2.00% | 1.28% | 1.07% | 0.68% | 0.71% | 0.89% | 1.11% | 1.18% | 1.30% | 0.93% |
Frequently Asked Questions
GGLL and NKE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGLL has higher volatility (14.31%) compared to NKE (10.43%). In terms of maximum drawdown, GGLL dropped -52.81% vs NKE's -75.19%.
GGLL currently has the higher Sharpe Ratio (4.33 vs -0.69), 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.
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