GGLL vs. TERG

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily GOOGL Bull 2X Shares (GGLL) and Leverage Shares 2X Long TER Daily ETF (TERG).

GGLL and TERG 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. TERG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025.

Performance

GGLL vs. TERG - Performance Comparison

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

GGLL vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
GGLL Direxion Daily GOOGL Bull 2X Shares	-18.90%	17.99%
TERG Leverage Shares 2X Long TER Daily ETF	102.79%	28.17%

Returns By Period

In the year-to-date period, GGLL achieves a -18.90% return, which is significantly lower than TERG's 102.79% return.

GGLL

• 1D: 10.22%
• 1M: -16.24%
• YTD: -18.90%
• 6M: 28.40%
• 1Y: 186.52%
• 3Y*: 57.93%
• 5Y*: —
• 10Y*: —

TERG

• 1D: 14.40%
• 1M: -19.76%
• YTD: 102.79%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GGLL vs. TERG - Expense Ratio Comparison

GGLL has a 1.05% expense ratio, which is higher than TERG's 0.75% expense ratio.

GGLL

Direxion Daily GOOGL Bull 2X Shares

TERG

Leverage Shares 2X Long TER Daily ETF

Return for Risk

GGLL vs. TERG — Risk / Return Rank

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

GGLL

GGLL Risk / Return Rank: 96
GGLL Sharpe Ratio Rank: 98
GGLL Sortino Ratio Rank: 97
GGLL Omega Ratio Rank: 94
GGLL Calmar Ratio Rank: 97
GGLL Martin Ratio Rank: 97

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. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bull 2X Shares (GGLL) and Leverage Shares 2X Long TER Daily ETF (TERG). 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.

	GGLL	TERG	Difference
Sharpe ratio Return per unit of total volatility	3.08	—	—
Sortino ratio Return per unit of downside risk	3.47	—	—
Omega ratio Gain probability vs. loss probability	1.43	—	—
Calmar ratio Return relative to maximum drawdown	4.88	—	—
Martin ratio Return relative to average drawdown	18.04	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GGLL	TERG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	10.56	-9.81

Correlation

The correlation between GGLL and TERG 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.

Dividends

GGLL vs. TERG - Dividend Comparison

GGLL's dividend yield for the trailing twelve months is around 5.63%, while TERG has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022
GGLL Direxion Daily GOOGL Bull 2X Shares	5.63%	4.16%	3.29%	2.05%	0.59%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

GGLL vs. TERG - Drawdown Comparison

The maximum GGLL drawdown since its inception was -52.81%, which is greater than TERG's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for GGLL and TERG.

Drawdown Indicators

	GGLL	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-52.81%	-39.32%	-13.49%
Max Drawdown (1Y) Largest decline over 1 year	-38.39%	—	—
Current Drawdown Current decline from peak	-32.09%	-30.58%	-1.51%
Average Drawdown Average peak-to-trough decline	-15.49%	-9.77%	-5.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.38%	—	—

Volatility

Volatility by Period

	GGLL	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	39.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	60.98%	124.59%	-63.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.13%	124.59%	-69.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.13%	124.59%	-69.46%