GGLL vs. OKTG

Last updated Aug 2, 2026

GGLL (Direxion Daily GOOGL Bull 2X Shares) and OKTG (Leverage Shares 2X Long OKTA Daily ETF) are both Leveraged Equities funds. GGLL is passively managed, while OKTG is actively managed. Their 0.14 correlation means their historical movements had little consistent relationship. GGLL charges 0.96%/yr vs 0.75%/yr for OKTG.

Performance

GGLL vs. OKTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily GOOGL Bull 2X Shares (GGLL) and Leverage Shares 2X Long OKTA Daily ETF (OKTG). 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 lower than OKTG's 93.46% 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%

OKTG

• 1D: 2.20%
• 1M: -2.49%
• 6M: 107.76%
• YTD: 93.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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
OKTG Leverage Shares 2X Long OKTA Daily ETF	$268.28K	$488.97K	$1.00M

GGLL vs. OKTG - Yearly Performance Comparison

	2026 (YTD)	2025
GGLL Direxion Daily GOOGL Bull 2X Shares	15.09%	25.35%
OKTG Leverage Shares 2X Long OKTA Daily ETF	93.46%	5.90%

Correlation

The correlation between GGLL and OKTG is 0.14, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.14

Return for Risk

GGLL vs. OKTG — 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

OKTG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. OKTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bull 2X Shares (GGLL) and Leverage Shares 2X Long OKTA Daily ETF (OKTG). 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	OKTG	Difference
Sharpe ratio: Return per unit of total volatility	2.89	—	—
Sortino ratio: Return per unit of downside risk	3.38	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	4.59	—	—
Martin ratio: Return relative to average drawdown	12.34	—	—

Drawdowns

GGLL vs. OKTG - Drawdown Comparison

The maximum GGLL drawdown since its inception was -52.81%, smaller than the maximum OKTG drawdown of -60.69%. Use the drawdown chart below to compare losses from any high point for GGLL and OKTG.

Drawdown Indicators

	GGLL	OKTG	Difference
Max Drawdown Largest peak-to-trough decline	-52.81%	-60.69%	+7.88%
Max Drawdown (1Y) Largest decline over 1 year	-40.32%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-52.81%	—	—
Current Drawdown Current decline from peak	-25.64%	-16.69%	-8.95%
Average Drawdown Average peak-to-trough decline	-15.55%	-22.50%	+6.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.99%	—	—

Volatility

Volatility by Period

	GGLL	OKTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	49.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	64.39%	130.11%	-65.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.22%	130.11%	-72.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.22%	130.11%	-72.89%

GGLL vs. OKTG - Expense Ratio Comparison

GGLL has a 0.96% expense ratio, which is higher than OKTG's 0.75% expense ratio.

Dividends

GGLL vs. OKTG - Dividend Comparison

GGLL's dividend yield for the trailing twelve months is around 4.28%, while OKTG 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%
OKTG Leverage Shares 2X Long OKTA Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GGLL and OKTG in my portfolio?

GGLL and OKTG have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GGLL or OKTG?

On fees, OKTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GGLL or OKTG?

OKTG is cheaper with a 0.75% expense ratio, compared with 0.96% for GGLL.

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

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

What is the main difference between GGLL and OKTG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.96% for GGLL and 0.75% for OKTG.