GGLL vs. TSLA
Compare and contrast key facts about Direxion Daily GOOGL Bull 2X Shares (GGLL) and Tesla, Inc. (TSLA).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GGLL or TSLA.
Correlation
The correlation between GGLL and TSLA is 0.37, 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. TSLA - Performance Comparison
Key characteristics
GGLL:
0.53
TSLA:
1.16
GGLL:
1.08
TSLA:
1.98
GGLL:
1.14
TSLA:
1.23
GGLL:
0.72
TSLA:
1.14
GGLL:
1.62
TSLA:
5.25
GGLL:
18.37%
TSLA:
14.17%
GGLL:
56.11%
TSLA:
64.35%
GGLL:
-41.33%
TSLA:
-73.63%
GGLL:
-25.25%
TSLA:
-29.60%
Returns By Period
In the year-to-date period, GGLL achieves a -12.88% return, which is significantly higher than TSLA's -16.35% return.
GGLL
-12.88%
-19.81%
7.35%
26.09%
N/A
N/A
TSLA
-16.35%
-18.62%
53.32%
71.12%
41.37%
37.98%
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Risk-Adjusted Performance
GGLL vs. TSLA — Risk-Adjusted Performance Rank
GGLL
TSLA
GGLL vs. TSLA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bull 2X Shares (GGLL) and Tesla, Inc. (TSLA). 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. TSLA - Dividend Comparison
GGLL's dividend yield for the trailing twelve months is around 3.78%, while TSLA has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 3.78% | 3.29% | 2.05% | 0.59% |
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GGLL vs. TSLA - Drawdown Comparison
The maximum GGLL drawdown since its inception was -41.33%, smaller than the maximum TSLA drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for GGLL and TSLA. For additional features, visit the drawdowns tool.
Volatility
GGLL vs. TSLA - Volatility Comparison
Direxion Daily GOOGL Bull 2X Shares (GGLL) has a higher volatility of 22.47% compared to Tesla, Inc. (TSLA) at 13.77%. This indicates that GGLL's price experiences larger fluctuations and is considered to be riskier than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.