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.
Key characteristics
| GGLL | TSLA | |
|---|---|---|
| YTD Return | 39.59% | 19.49% |
| 1Y Return | 50.79% | 33.68% |
| Sharpe Ratio | 1.09 | 0.56 |
| Sortino Ratio | 1.63 | 1.26 |
| Omega Ratio | 1.22 | 1.15 |
| Calmar Ratio | 1.27 | 0.51 |
| Martin Ratio | 3.06 | 1.47 |
| Ulcer Index | 17.12% | 22.86% |
| Daily Std Dev | 48.20% | 59.99% |
| Max Drawdown | -41.33% | -73.63% |
| Current Drawdown | -15.40% | -27.58% |
Correlation
The correlation between GGLL and TSLA is 0.35, 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
In the year-to-date period, GGLL achieves a 39.59% return, which is significantly higher than TSLA's 19.49% 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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Risk-Adjusted Performance
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 2.29%, while TSLA has not paid dividends to shareholders.
| TTM | 2023 | 2022 | |
|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 2.29% | 2.05% | 0.59% |
TSLA Tesla, Inc. | 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
The current volatility for Direxion Daily GOOGL Bull 2X Shares (GGLL) is 13.04%, while Tesla, Inc. (TSLA) has a volatility of 27.26%. This indicates that GGLL experiences smaller price fluctuations and is considered to be less risky than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.