GGLL vs. TSLL

Last updated Jun 24, 2026

GGLL (Direxion Daily GOOGL Bull 2X Shares) and TSLL (Direxion Daily TSLA Bull 2X ETF) are both Leveraged Equities funds from Direxion. GGLL is passively managed, while TSLL is actively managed. Over the past 3 years, GGLL returned 62.75%/yr vs -7.12%/yr for TSLL. At a 0.40 correlation, their price movements are largely independent. GGLL charges 0.96%/yr vs 0.83%/yr for TSLL.

Performance

GGLL vs. TSLL - Performance Comparison

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

Returns By Period

In the year-to-date period, GGLL achieves a 11.40% return, which is significantly higher than TSLL's -37.67% return.

GGLL

• 1D: -2.70%
• 1M: -20.13%
• YTD: 11.40%
• 6M: 10.14%
• 1Y: 265.53%
• 3Y*: 62.75%
• 5Y*: —
• 10Y*: —

TSLL

• 1D: -12.25%
• 1M: -22.54%
• YTD: -37.67%
• 6M: -46.82%
• 1Y: -13.37%
• 3Y*: -7.12%
• 5Y*: —
• 10Y*: —

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

GGLL vs. TSLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GGLL Direxion Daily GOOGL Bull 2X Shares	11.40%	123.07%	48.88%	81.20%	-30.35%
TSLL Direxion Daily TSLA Bull 2X ETF	-37.67%	-26.80%	99.63%	139.86%	-72.29%

Correlation

The correlation between GGLL and TSLL is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022	0.40

GGLL vs. TSLL - Sectors Allocation Comparison

Sectors	GGLL	TSLL
Communication Services	100.0%	-
Basic Materials	-	-
Consumer Cyclical	-	100.0%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

GGLL vs. TSLL — Risk / Return Rank

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

GGLL

GGLL Risk / Return Rank: 94
GGLL Sharpe Ratio Rank: 97
GGLL Sortino Ratio Rank: 94
GGLL Omega Ratio Rank: 90
GGLL Calmar Ratio Rank: 94
GGLL Martin Ratio Rank: 93

TSLL

TSLL Risk / Return Rank: 8
TSLL Sharpe Ratio Rank: 7
TSLL Sortino Ratio Rank: 11
TSLL Omega Ratio Rank: 10
TSLL Calmar Ratio Rank: 7
TSLL Martin Ratio Rank: 7

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. TSLL - Risk-Adjusted Trends Comparison

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

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GGLL	TSLL	Difference
Sharpe ratio: Return per unit of total volatility	4.51	-0.15	+4.67
Sortino ratio: Return per unit of downside risk	4.55	0.39	+4.16
Omega ratio: Gain probability vs. loss probability	1.55	1.04	+0.51
Calmar ratio: Return relative to maximum drawdown	6.97	-0.25	+7.21
Martin ratio: Return relative to average drawdown	22.42	-0.49	+22.91

GGLL vs. TSLL - Sharpe Ratio Comparison

The current GGLL Sharpe Ratio is 4.51, which is higher than the TSLL Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of GGLL and TSLL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GGLL vs. TSLL - Drawdown Comparison

The maximum GGLL drawdown since its inception was -52.81%, smaller than the maximum TSLL drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for GGLL and TSLL.

Drawdown Indicators

	GGLL	TSLL	Difference
Max Drawdown Largest peak-to-trough decline	-52.81%	-82.88%	+30.07%
Max Drawdown (1Y) Largest decline over 1 year	-38.39%	-54.75%	+16.36%
Max Drawdown (3Y) Largest decline over 3 years	-52.81%	-82.88%	+30.07%
Current Drawdown Current decline from peak	-28.02%	-68.52%	+40.50%
Average Drawdown Average peak-to-trough decline	-15.22%	-53.92%	+38.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.91%	27.78%	-15.87%

Volatility

GGLL vs. TSLL - Volatility Comparison

The current volatility for Direxion Daily GOOGL Bull 2X Shares (GGLL) is 19.04%, while Direxion Daily TSLA Bull 2X ETF (TSLL) has a volatility of 28.98%. This indicates that GGLL experiences smaller price fluctuations and is considered to be less risky than TSLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGLL	TSLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.04%	28.98%	-9.94%
Volatility (6M) Calculated over the trailing 6-month period	42.25%	56.84%	-14.59%
Volatility (1Y) Calculated over the trailing 1-year period	59.29%	89.07%	-29.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.23%	106.91%	-50.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.23%	106.91%	-50.68%

GGLL vs. TSLL - Expense Ratio Comparison

GGLL has a 0.96% expense ratio, which is higher than TSLL's 0.83% expense ratio.

Dividends

GGLL vs. TSLL - Dividend Comparison

GGLL's dividend yield for the trailing twelve months is around 4.10%, less than TSLL's 8.21% yield.

Position	TTM	2025	2024	2023	2022
GGLL Direxion Daily GOOGL Bull 2X Shares	4.10%	4.16%	3.29%	2.05%	0.59%
TSLL Direxion Daily TSLA Bull 2X ETF	8.21%	5.00%	2.47%	4.44%	1.57%

Frequently Asked Questions

Can I hold both GGLL and TSLL in my portfolio?

GGLL and TSLL have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GGLL or TSLL?

TSLL has higher volatility (28.98%) compared to GGLL (19.04%). In terms of maximum drawdown, GGLL dropped -52.81% vs TSLL's -82.88%.

Which ETF is better, GGLL or TSLL?

On 3-year performance, GGLL leads with 62.75% vs -7.12% for TSLL. On fees, TSLL is cheaper at 0.83% per year. On volatility, GGLL has been the lower-risk option at 19.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GGLL or TSLL?

Over the 3-year period, GGLL has performed better with a 62.75% return vs -7.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GGLL or TSLL?

TSLL is cheaper with a 0.83% expense ratio, compared with 0.96% for GGLL.

Which ETF pays a higher dividend yield, GGLL or TSLL?

TSLL has the higher dividend yield at 8.21%, compared with 4.10% for GGLL.

What is the main difference between GGLL and TSLL?

Their fees differ too: 0.96% for GGLL and 0.83% for TSLL.

Which has better risk-adjusted returns?

GGLL currently has the higher Sharpe Ratio (4.51 vs -0.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.