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.
Correlation
The correlation between GGLL and SOXX is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GGLL vs. SOXX - Performance Comparison
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Key characteristics
GGLL:
123.69%
SOXX:
43.26%
GGLL:
-15.68%
SOXX:
-70.21%
GGLL:
-14.25%
SOXX:
-26.56%
Returns By Period
GGLL
N/A
N/A
N/A
N/A
N/A
N/A
SOXX
-9.89%
12.59%
-15.93%
-11.36%
21.09%
21.12%
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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 Rank
GGLL
SOXX
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.
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Dividends
GGLL vs. SOXX - Dividend Comparison
GGLL has not paid dividends to shareholders, while SOXX's dividend yield for the trailing twelve months is around 0.76%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXX iShares PHLX Semiconductor ETF | 0.76% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% | 1.56% |
Drawdowns
GGLL vs. SOXX - Drawdown Comparison
The maximum GGLL drawdown since its inception was -15.68%, 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.
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Volatility
GGLL vs. SOXX - Volatility Comparison
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