GGLL vs. QLD

Last updated Jun 23, 2026

GGLL (Direxion Daily GOOGL Bull 2X Shares) and QLD (ProShares Ultra QQQ) are both Leveraged Equities funds - GGLL tracks the Alphabet Inc. Class A (200%) while QLD tracks the NASDAQ-100 Index (200%). Both are passively managed. Over the past 3 years, GGLL returned 64.24%/yr vs 46.92%/yr for QLD. A 0.66 correlation means they provide meaningful diversification when combined. GGLL charges 0.96%/yr vs 0.95%/yr for QLD.

Performance

GGLL vs. QLD - Performance Comparison

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

Returns By Period

In the year-to-date period, GGLL achieves a 14.50% return, which is significantly lower than QLD's 38.76% return.

GGLL

• 1D: -9.95%
• 1M: -17.91%
• YTD: 14.50%
• 6M: 16.51%
• 1Y: 268.42%
• 3Y*: 64.24%
• 5Y*: —
• 10Y*: —

QLD

• 1D: -0.23%
• 1M: 4.92%
• YTD: 38.76%
• 6M: 36.36%
• 1Y: 82.33%
• 3Y*: 46.92%
• 5Y*: 23.39%
• 10Y*: 37.21%

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

GGLL vs. QLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GGLL Direxion Daily GOOGL Bull 2X Shares	14.50%	123.07%	48.88%	81.20%	-30.35%
QLD ProShares Ultra QQQ	38.76%	30.36%	42.82%	117.72%	-20.88%

Correlation

The correlation between GGLL and QLD is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022	0.66

The correlation between GGLL and QLD has been stable across timeframes, ranging from 0.56 to 0.66 - a consistent structural relationship.

GGLL vs. QLD - Sectors Allocation Comparison

Sectors	GGLL	QLD
Communication Services	100.0%	14.3%
Basic Materials	-	1.0%
Consumer Cyclical	-	11.4%
Consumer Defensive	-	6.4%
Energy	-	0.5%
Financial Services	-	0.2%
Healthcare	-	3.7%
Industrials	-	2.6%
Real Estate	-	0.1%
Technology	-	58.7%
Utilities	-	1.2%

Return for Risk

GGLL vs. QLD — Risk / Return Rank

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

GGLL

GGLL Risk / Return Rank: 94
GGLL Sharpe Ratio Rank: 97
GGLL Sortino Ratio Rank: 94
GGLL Omega Ratio Rank: 90
GGLL Calmar Ratio Rank: 94
GGLL Martin Ratio Rank: 93

QLD

QLD Risk / Return Rank: 67
QLD Sharpe Ratio Rank: 77
QLD Sortino Ratio Rank: 62
QLD Omega Ratio Rank: 65
QLD Calmar Ratio Rank: 68
QLD Martin Ratio Rank: 63

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. QLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bull 2X Shares (GGLL) and ProShares Ultra QQQ (QLD). 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	QLD	Difference
Sharpe ratio: Return per unit of total volatility	4.57	2.36	+2.21
Sortino ratio: Return per unit of downside risk	4.58	2.79	+1.79
Omega ratio: Gain probability vs. loss probability	1.56	1.37	+0.18
Calmar ratio: Return relative to maximum drawdown	7.04	3.29	+3.75
Martin ratio: Return relative to average drawdown	22.92	11.19	+11.72

GGLL vs. QLD - Sharpe Ratio Comparison

The current GGLL Sharpe Ratio is 4.57, which is higher than the QLD Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of GGLL and QLD, 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. QLD - Drawdown Comparison

The maximum GGLL drawdown since its inception was -52.81%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for GGLL and QLD.

Drawdown Indicators

	GGLL	QLD	Difference
Max Drawdown Largest peak-to-trough decline	-52.81%	-83.13%	+30.32%
Max Drawdown (1Y) Largest decline over 1 year	-38.39%	-25.13%	-13.26%
Max Drawdown (3Y) Largest decline over 3 years	-52.81%	-42.29%	-10.52%
Max Drawdown (5Y) Largest decline over 5 years	—	-63.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.68%	—
Current Drawdown Current decline from peak	-26.02%	-2.83%	-23.19%
Average Drawdown Average peak-to-trough decline	-15.21%	-18.14%	+2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.77%	7.38%	+4.39%

Volatility

GGLL vs. QLD - Volatility Comparison

Direxion Daily GOOGL Bull 2X Shares (GGLL) has a higher volatility of 18.97% compared to ProShares Ultra QQQ (QLD) at 16.77%. This indicates that GGLL's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGLL	QLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.97%	16.77%	+2.20%
Volatility (6M) Calculated over the trailing 6-month period	42.31%	28.19%	+14.12%
Volatility (1Y) Calculated over the trailing 1-year period	59.31%	35.17%	+24.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.24%	45.24%	+11.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.24%	44.82%	+11.42%

GGLL vs. QLD - Expense Ratio Comparison

GGLL has a 0.96% expense ratio, which is higher than QLD's 0.95% expense ratio.

Dividends

GGLL vs. QLD - Dividend Comparison

GGLL's dividend yield for the trailing twelve months is around 3.99%, more than QLD's 0.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGLL Direxion Daily GOOGL Bull 2X Shares	3.99%	4.16%	3.29%	2.05%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QLD ProShares Ultra QQQ	0.12%	0.17%	0.25%	0.33%	0.31%	0.00%	0.00%	0.13%	0.06%	0.02%	0.21%	0.11%

Frequently Asked Questions

Can I hold both GGLL and QLD in my portfolio?

GGLL and QLD have a correlation of 0.56, 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 QLD?

GGLL has higher volatility (18.97%) compared to QLD (16.77%). In terms of maximum drawdown, GGLL dropped -52.81% vs QLD's -83.13%.

Which ETF is better, GGLL or QLD?

On 3-year performance, GGLL leads with 64.24% vs 46.92% for QLD. On fees, QLD is cheaper at 0.95% per year. On volatility, QLD has been the lower-risk option at 16.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GGLL or QLD?

Over the 3-year period, GGLL has performed better with a 64.24% return vs 46.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GGLL or QLD?

QLD is cheaper with a 0.95% expense ratio, compared with 0.96% for GGLL.

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

GGLL has the higher dividend yield at 3.99%, compared with 0.12% for QLD.

What is the main difference between GGLL and QLD?

GGLL tracks Alphabet Inc. Class A (200%), while QLD tracks NASDAQ-100 Index (200%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.96% for GGLL and 0.95% for QLD.

Which has better risk-adjusted returns?

GGLL currently has the higher Sharpe Ratio (4.57 vs 2.36), 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.