GGLL vs. SOXS
GGLL (Direxion Daily GOOGL Bull 2X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - GGLL is a Leveraged Equities fund tracking the Alphabet Inc. Class A (200%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 3 years, GGLL returned 62.90%/yr vs -85.99%/yr for SOXS. Their -0.46 correlation means they have often moved in opposite directions in the past. GGLL charges 0.96%/yr vs 1.08%/yr for SOXS.
Performance
GGLL vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, GGLL achieves a 18.50% return, which is significantly higher than SOXS's -92.66% return.
GGLL
- 1D
- -8.14%
- 1M
- -5.00%
- 6M
- 5.77%
- YTD
- 18.50%
- 1Y
- 185.41%
- 3Y*
- 62.90%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 50.67%
SOXS
- 1D
- 6.50%
- 1M
- 8.11%
- 6M
- -89.70%
- YTD
- -92.66%
- 1Y
- -97.00%
- 3Y*
- -85.99%
- 5Y*
- -79.01%
- 10Y*
- -78.31%
- ALL TIME*
- -71.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $234.73M | $181.11M | $185.98M | |
| $3.91B | $3.44B | $3.36B |
GGLL vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 18.50% | 123.07% | 48.88% | 81.20% | -30.35% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -92.66% | -85.53% | -59.55% | -84.56% | -26.76% |
Correlation
The correlation between GGLL and SOXS is -0.35, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| 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 SOXS shifts across timeframes, from -0.46 (all time) to -0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GGLL vs. SOXS — Risk / Return Rank
GGLL
SOXS
GGLL vs. SOXS - 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 Bear 3x Shares (SOXS). 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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.59 | ||
| Sortino ratioReturn per unit of downside risk | +5.93 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.72 | +0.69 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | -0.99 | +5.62 |
| Martin ratioReturn relative to average drawdown | 12.30 | -1.34 | +13.65 |
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Drawdowns
GGLL vs. SOXS - Drawdown Comparison
The maximum GGLL drawdown since its inception was -52.81%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for GGLL and SOXS.
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Drawdown Indicators
| GGLL | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.81% | -100.00% | +47.19% |
Max Drawdown (1Y)Largest decline over 1 year | -40.32% | -97.89% | +57.57% |
Max Drawdown (3Y)Largest decline over 3 years | -52.81% | -99.87% | +47.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -23.43% | -100.00% | +76.57% |
Average DrawdownAverage peak-to-trough decline | -15.57% | -92.66% | +77.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.14% | 72.05% | -56.91% |
Volatility
GGLL vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily GOOGL Bull 2X Shares (GGLL) is 29.22%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 56.43%. This indicates that GGLL experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGLL | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.22% | 56.43% | -27.21% |
Volatility (6M)Calculated over the trailing 6-month period | 50.98% | 118.41% | -67.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.08% | 133.96% | -68.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.50% | 114.97% | -57.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.50% | 103.97% | -46.47% |
GGLL vs. SOXS - Expense Ratio Comparison
GGLL has a 0.96% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
GGLL vs. SOXS - Dividend Comparison
GGLL's dividend yield for the trailing twelve months is around 4.16%, less than SOXS's 50.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 4.16% | 4.16% | 3.29% | 2.05% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 50.37% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
GGLL and SOXS 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.
SOXS has higher volatility (56.43%) compared to GGLL (29.22%). In terms of maximum drawdown, GGLL dropped -52.81% vs SOXS's -100.00%.
On 3-year performance, GGLL leads with 62.90% vs -85.99% for SOXS. On fees, GGLL is cheaper at 0.96% per year. On volatility, GGLL has been the lower-risk option at 29.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GGLL has performed better with a 62.90% return vs -85.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GGLL is cheaper with a 0.96% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 50.37%, compared with 4.16% for GGLL.
GGLL is categorized as Leveraged Equities, while SOXS is Inverse Equities. GGLL tracks Alphabet Inc. Class A (200%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 0.96% for GGLL and 1.08% for SOXS.
GGLL currently has the higher Sharpe Ratio (2.87 vs -0.72), 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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