GGLL vs. SOXX
Compare and contrast key facts about Direxion Daily GOOGL Bull 2X Shares (GGLL) and iShares PHLX Semiconductor ETF (SOXX).
GGLL and SOXX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GGLL is a passively managed fund by Direxion that tracks the performance of the Alphabet Inc. Class A (200%). It was launched on Sep 6, 2022. SOXX is a passively managed fund by iShares that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jul 10, 2001. Both GGLL and SOXX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GGLL or SOXX.
Key characteristics
| GGLL | SOXX | |
|---|---|---|
| YTD Return | 35.90% | 21.05% |
| 1Y Return | 49.78% | 46.92% |
| Sharpe Ratio | 0.97 | 1.35 |
| Sortino Ratio | 1.51 | 1.84 |
| Omega Ratio | 1.20 | 1.24 |
| Calmar Ratio | 1.13 | 1.85 |
| Martin Ratio | 2.73 | 4.80 |
| Ulcer Index | 17.15% | 9.64% |
| Daily Std Dev | 48.28% | 34.36% |
| Max Drawdown | -41.33% | -70.21% |
| Current Drawdown | -17.64% | -12.64% |
Correlation
The correlation between GGLL and SOXX is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GGLL vs. SOXX - Performance Comparison
In the year-to-date period, GGLL achieves a 35.90% return, which is significantly higher than SOXX's 21.05% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GGLL vs. SOXX - Expense Ratio Comparison
GGLL has a 1.05% expense ratio, which is higher than SOXX's 0.46% expense ratio.
Risk-Adjusted Performance
GGLL vs. SOXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bull 2X Shares (GGLL) and iShares PHLX Semiconductor ETF (SOXX). 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.
Dividends
GGLL vs. SOXX - Dividend Comparison
GGLL's dividend yield for the trailing twelve months is around 2.35%, more than SOXX's 0.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 2.35% | 2.05% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXX iShares PHLX Semiconductor ETF | 0.63% | 0.78% | 1.25% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% | 1.56% | 1.18% |
Drawdowns
GGLL vs. SOXX - Drawdown Comparison
The maximum GGLL drawdown since its inception was -41.33%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for GGLL and SOXX. For additional features, visit the drawdowns tool.
Volatility
GGLL vs. SOXX - Volatility Comparison
Direxion Daily GOOGL Bull 2X Shares (GGLL) has a higher volatility of 13.54% compared to iShares PHLX Semiconductor ETF (SOXX) at 9.48%. This indicates that GGLL's price experiences larger fluctuations and is considered to be riskier than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.