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 0.40, 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. TSLA - Performance Comparison
Key characteristics
GGLL:
-0.34
TSLA:
0.73
GGLL:
-0.10
TSLA:
1.55
GGLL:
0.99
TSLA:
1.18
GGLL:
-0.40
TSLA:
0.82
GGLL:
-0.88
TSLA:
2.47
GGLL:
24.20%
TSLA:
21.69%
GGLL:
62.64%
TSLA:
73.61%
GGLL:
-52.81%
TSLA:
-73.63%
GGLL:
-49.30%
TSLA:
-49.70%
Returns By Period
The year-to-date returns for both investments are quite close, with GGLL having a -40.91% return and TSLA slightly higher at -40.23%.
GGLL
-40.91%
-17.47%
-23.63%
-22.92%
N/A
N/A
TSLA
-40.23%
2.34%
9.37%
60.99%
36.97%
33.07%
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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 5.66%, while TSLA has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 5.66% | 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 -52.81%, 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 28.07%, while Tesla, Inc. (TSLA) has a volatility of 31.40%. 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.