GGLL vs. WNTR

Last updated Jul 14, 2026

GGLL (Direxion Daily GOOGL Bull 2X Shares) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - GGLL is a Leveraged Equities fund tracking the Alphabet Inc. Class A (200%), while WNTR is a Derivative Income fund actively managed by YieldMax. GGLL is passively managed, while WNTR is actively managed. Over the past year, GGLL returned 220.67% vs 120.64% for WNTR. At a correlation of -0.30, they often move in opposite directions. GGLL charges 0.96%/yr vs 1.01%/yr for WNTR.

Performance

GGLL vs. WNTR - Performance Comparison

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

Returns By Period

In the year-to-date period, GGLL achieves a 15.18% return, which is significantly higher than WNTR's 10.13% return.

GGLL

• 1D: -2.49%
• 1M: -5.54%
• 6M: 2.83%
• YTD: 15.18%
• 1Y: 220.67%
• 3Y*: 62.72%
• 5Y*: —
• 10Y*: —

WNTR

• 1D: 1.92%
• 1M: 18.08%
• 6M: 14.43%
• YTD: 10.13%
• 1Y: 120.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GGLL vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
GGLL Direxion Daily GOOGL Bull 2X Shares	15.18%	208.55%
WNTR YieldMax Short MSTR Option Income Strategy ETF	10.13%	52.78%

Correlation

The correlation between GGLL and WNTR is -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.29
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.30

Return for Risk

GGLL vs. WNTR — 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: 95
GGLL Omega Ratio Rank: 92
GGLL Calmar Ratio Rank: 94
GGLL Martin Ratio Rank: 91

WNTR

WNTR Risk / Return Rank: 70
WNTR Sharpe Ratio Rank: 88
WNTR Sortino Ratio Rank: 67
WNTR Omega Ratio Rank: 72
WNTR Calmar Ratio Rank: 71
WNTR Martin Ratio Rank: 54

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. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bull 2X Shares (GGLL) and YieldMax Short MSTR Option Income Strategy ETF (WNTR). 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	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	3.72	2.26	+1.46
Sortino ratio: Return per unit of downside risk	4.12	2.47	+1.65
Omega ratio: Gain probability vs. loss probability	1.49	1.34	+0.16
Calmar ratio: Return relative to maximum drawdown	5.79	2.84	+2.94
Martin ratio: Return relative to average drawdown	16.91	7.31	+9.61

GGLL vs. WNTR - Sharpe Ratio Comparison

The current GGLL Sharpe Ratio is 3.72, which is higher than the WNTR Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of GGLL and WNTR, 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. WNTR - Drawdown Comparison

The maximum GGLL drawdown since its inception was -52.81%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for GGLL and WNTR.

Drawdown Indicators

	GGLL	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-52.81%	-42.65%	-10.16%
Max Drawdown (1Y) Largest decline over 1 year	-38.39%	-42.65%	+4.26%
Max Drawdown (3Y) Largest decline over 3 years	-52.81%	—	—
Current Drawdown Current decline from peak	-25.58%	-10.15%	-15.43%
Average Drawdown Average peak-to-trough decline	-15.34%	-20.53%	+5.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.11%	16.58%	-3.47%

Volatility

GGLL vs. WNTR - Volatility Comparison

Direxion Daily GOOGL Bull 2X Shares (GGLL) and YieldMax Short MSTR Option Income Strategy ETF (WNTR) have volatilities of 18.82% and 18.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGLL	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.82%	18.84%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	43.47%	47.46%	-3.99%
Volatility (1Y) Calculated over the trailing 1-year period	59.88%	53.83%	+6.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.23%	53.56%	+2.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.23%	53.56%	+2.67%

GGLL vs. WNTR - Expense Ratio Comparison

GGLL has a 0.96% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

GGLL vs. WNTR - Dividend Comparison

GGLL's dividend yield for the trailing twelve months is around 4.28%, less than WNTR's 102.14% yield.

Position	TTM	2025	2024	2023	2022
GGLL Direxion Daily GOOGL Bull 2X Shares	4.28%	4.16%	3.29%	2.05%	0.59%
WNTR YieldMax Short MSTR Option Income Strategy ETF	102.14%	58.56%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GGLL and WNTR in my portfolio?

GGLL and WNTR have a correlation of -0.29, 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 WNTR?

WNTR has higher volatility (18.84%) compared to GGLL (18.82%). In terms of maximum drawdown, GGLL dropped -52.81% vs WNTR's -42.65%.

Which ETF is better, GGLL or WNTR?

On 1-year performance, GGLL leads with 220.67% vs 120.64% for WNTR. On fees, GGLL is cheaper at 0.96% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GGLL or WNTR?

Over the 1-year period, GGLL has performed better with a 220.67% return vs 120.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GGLL or WNTR?

GGLL is cheaper with a 0.96% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 102.14%, compared with 4.28% for GGLL.

What is the main difference between GGLL and WNTR?

GGLL is categorized as Leveraged Equities, while WNTR is Derivative Income. They also come from different issuers: Direxion and YieldMax. Their fees differ too: 0.96% for GGLL and 1.01% for WNTR.

Which has better risk-adjusted returns?

GGLL currently has the higher Sharpe Ratio (3.72 vs 2.26), 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.