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GGLL vs. SOXL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GGLL vs. SOXL

Last updated Aug 2, 2026
Documentation

GGLL (Direxion Daily GOOGL Bull 2X Shares) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds from Direxion - GGLL tracks the Alphabet Inc. Class A (200%) while SOXL tracks the NYSE Semiconductor Index. Both are passively managed. Over the past 3 years, GGLL returned 59.15%/yr vs 60.01%/yr for SOXL. Their 0.46 correlation means their historical movements had little consistent relationship. GGLL charges 0.96%/yr vs 0.75%/yr for SOXL.

Performance

GGLL vs. SOXL - 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 Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, GGLL achieves a 15.09% return, which is significantly lower than SOXL's 172.95% 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%

SOXL

1D
0.00%
1M
-36.78%
6M
85.66%
YTD
172.95%
1Y
376.55%
3Y*
60.01%
5Y*
21.65%
10Y*
48.63%
ALL TIME*
38.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

GGLL

Direxion Daily GOOGL Bull 2X Shares
$205.93M$163.03M$182.59M

SOXL

Direxion Daily Semiconductor Bull 3X ETF
$10.60B$10.77B$11.72B

GGLL vs. SOXL - Yearly Performance Comparison

2026 (YTD)2025202420232022
GGLL
Direxion Daily GOOGL Bull 2X Shares		15.09%123.07%48.88%81.20%-30.35%
SOXL
Direxion Daily Semiconductor Bull 3X ETF		172.95%54.91%-12.31%226.98%-21.61%

Correlation

The correlation between GGLL and SOXL is 0.35, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.35

Correlation (3Y)
Balances recent behavior with more history.

0.42

Correlation (All Time)
Calculated using the full available price history since Sep 7, 2022

0.46

The correlation between GGLL and SOXL shifts across timeframes, from 0.35 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.

GGLL vs. SOXL - Sectors Allocation Comparison

Sectors
GGLL
SOXL

Communication Services

100.0%

-

Basic Materials

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

100.0%

Utilities

-

-

Communication Services

GGLL
100.0%
SOXL

-

Basic Materials

GGLL

-

SOXL

-

Consumer Cyclical

GGLL

-

SOXL

-

Consumer Defensive

GGLL

-

SOXL

-

Energy

GGLL

-

SOXL

-

Financial Services

GGLL

-

SOXL

-

Healthcare

GGLL

-

SOXL

-

Industrials

GGLL

-

SOXL

-

Real Estate

GGLL

-

SOXL

-

Technology

GGLL

-

SOXL
100.0%

Utilities

GGLL

-

SOXL

-

Compare stocks, funds, or ETFs

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Direxion Daily GOOGL Bull 2X Shares

Direxion Daily Semiconductor Bull 3X ETF

Often compared with GGLL:
GGLL vs. GOOGGGLL vs. GOOXGGLL vs. GOOGLGGLL vs. FBLGGLL vs. QLDGGLL vs. CONLGGLL vs. MSFL
Often compared with SOXL:
SOXL vs. TQQQSOXL vs. SOXXSOXL vs. SOXSSOXL vs. USDSOXL vs. TECLSOXL vs. NVDLSOXL vs. SPY

Return for Risk

GGLL vs. SOXL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
GGLL
GGLL Risk / Return Rank: 9191
Overall Rank
GGLL Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
GGLL Sortino Ratio Rank: 9292
Sortino Ratio Rank
GGLL Omega Ratio Rank: 9090
Omega Ratio Rank
GGLL Calmar Ratio Rank: 9494
Calmar Ratio Rank
GGLL Martin Ratio Rank: 8686
Martin Ratio Rank
SOXL
SOXL Risk / Return Rank: 9090
Overall Rank
SOXL Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
SOXL Sortino Ratio Rank: 8383
Sortino Ratio Rank
SOXL Omega Ratio Rank: 8585
Omega Ratio Rank
SOXL Calmar Ratio Rank: 9595
Calmar Ratio Rank
SOXL Martin Ratio Rank: 9494
Martin Ratio Rank
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. SOXL - 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 Semiconductor Bull 3X ETF (SOXL). 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.

GGLLSOXLDifference
Sharpe ratioReturn per unit of total volatility
2.89
2.77

+0.11

Sortino ratioReturn per unit of downside risk
3.38
2.70

+0.68

Omega ratioGain probability vs. loss probability

1.41

1.36

+0.05

Calmar ratioReturn relative to maximum drawdown

4.59

5.22

-0.62

Martin ratioReturn relative to average drawdown

12.34

18.04

-5.71

GGLL vs. SOXL - Sharpe Ratio Comparison

The current GGLL Sharpe Ratio is 2.89, which is comparable to the SOXL Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of GGLL and SOXL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

GGLL vs. SOXL - Drawdown Comparison

The maximum GGLL drawdown since its inception was -52.81%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for GGLL and SOXL.

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Drawdown Indicators

GGLLSOXLDifference

Max Drawdown

Largest peak-to-trough decline

-52.81%

-90.46%

+37.65%

Max Drawdown (1Y)

Largest decline over 1 year

-40.32%

-69.42%

+29.10%

Max Drawdown (3Y)

Largest decline over 3 years

-52.81%

-87.88%

+35.07%

Max Drawdown (5Y)

Largest decline over 5 years

—

-90.46%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-90.46%

—

Current Drawdown

Current decline from peak

-25.64%

-61.86%

+36.22%

Average Drawdown

Average peak-to-trough decline

-15.55%

-35.00%

+19.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.99%

20.04%

-5.05%

Volatility

GGLL vs. SOXL - Volatility Comparison

The current volatility for Direxion Daily GOOGL Bull 2X Shares (GGLL) is 26.42%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 52.68%. This indicates that GGLL experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GGLLSOXLDifference

Volatility (1M)

Calculated over the trailing 1-month period

26.42%

52.68%

-26.26%

Volatility (6M)

Calculated over the trailing 6-month period

49.50%

115.51%

-66.01%

Volatility (1Y)

Calculated over the trailing 1-year period

64.39%

130.99%

-66.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

57.22%

113.21%

-55.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

57.22%

102.11%

-44.89%

GGLL vs. SOXL - Expense Ratio Comparison

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

Dividends

GGLL vs. SOXL - Dividend Comparison

GGLL's dividend yield for the trailing twelve months is around 4.28%, more than SOXL's 0.01% yield.

PositionTTM2025202420232022202120202019201820172016
GGLL
Direxion Daily GOOGL Bull 2X Shares		4.28%4.16%3.29%2.05%0.59%0.00%0.00%0.00%0.00%0.00%0.00%
SOXL
Direxion Daily Semiconductor Bull 3X ETF		0.01%0.34%1.18%0.51%1.07%0.04%0.05%0.38%1.30%0.09%4.84%

Frequently Asked Questions

GGLL and SOXL have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SOXL has higher volatility (52.68%) compared to GGLL (26.42%). In terms of maximum drawdown, GGLL dropped -52.81% vs SOXL's -90.46%.

On 3-year performance, SOXL leads with 60.01% vs 59.15% for GGLL. On fees, SOXL is cheaper at 0.75% 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.

Over the 3-year period, SOXL has performed better with a 60.01% return vs 59.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

GGLL has the higher dividend yield at 4.28%, compared with 0.01% for SOXL.

GGLL tracks Alphabet Inc. Class A (200%), while SOXL tracks NYSE Semiconductor Index. Their fees differ too: 0.96% for GGLL and 0.75% for SOXL.

GGLL currently has the higher Sharpe Ratio (2.89 vs 2.77), 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.

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