GGLL vs. WNTR

Last updated Aug 2, 2026

GGLL (Direxion Daily GOOGL Bull 2X Shares) and WNTR (YieldMax MSTR Short 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 193.37% vs 107.38% for WNTR. Their -0.30 correlation means they have often moved in opposite directions in the past. GGLL charges 0.96%/yr vs 1.00%/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 MSTR Short 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 15.09% return, which is significantly higher than WNTR's 10.75% return.

GGLL

• 1D: 13.48%
• 1M: -4.20%
• 6M: -0.63%
• YTD: 15.09%
• 1Y: 193.37%
• 3Y*: 59.15%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 49.76%

WNTR

• 1D: 3.26%
• 1M: 8.13%
• 6M: 14.92%
• YTD: 10.75%
• 1Y: 107.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 47.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GGLL Direxion Daily GOOGL Bull 2X Shares	$205.93M	$163.03M	$182.59M
WNTR YieldMax MSTR Short Option Income Strategy ETF	$4.02M	$3.86M	$3.95M

GGLL vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
GGLL Direxion Daily GOOGL Bull 2X Shares	15.09%	208.55%
WNTR YieldMax MSTR Short Option Income Strategy ETF	10.75%	52.78%

Correlation

The correlation between GGLL and WNTR is -0.29, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-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 historical risk-adjusted metric ranks over the past 12 months.

GGLL

GGLL Risk / Return Rank: 91
GGLL Sharpe Ratio Rank: 96
GGLL Sortino Ratio Rank: 92
GGLL Omega Ratio Rank: 90
GGLL Calmar Ratio Rank: 94
GGLL Martin Ratio Rank: 86

WNTR

WNTR Risk / Return Rank: 75
WNTR Sharpe Ratio Rank: 88
WNTR Sortino Ratio Rank: 74
WNTR Omega Ratio Rank: 77
WNTR Calmar Ratio Rank: 77
WNTR Martin Ratio Rank: 58

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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 MSTR Short 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	2.89	2.12	+0.77
Sortino ratio: Return per unit of downside risk	3.38	2.37	+1.01
Omega ratio: Gain probability vs. loss probability	1.41	1.32	+0.10
Calmar ratio: Return relative to maximum drawdown	4.59	2.71	+1.88
Martin ratio: Return relative to average drawdown	12.34	6.87	+5.47

GGLL vs. WNTR - Sharpe Ratio Comparison

The current GGLL Sharpe Ratio is 2.89, which is higher than the WNTR Sharpe Ratio of 2.12. 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	-40.32%	-42.65%	+2.33%
Max Drawdown (3Y) Largest decline over 3 years	-52.81%	—	—
Current Drawdown Current decline from peak	-25.64%	-9.64%	-16.00%
Average Drawdown Average peak-to-trough decline	-15.55%	-20.18%	+4.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.99%	16.81%	-1.82%

Volatility

GGLL vs. WNTR - Volatility Comparison

Direxion Daily GOOGL Bull 2X Shares (GGLL) has a higher volatility of 26.42% compared to YieldMax MSTR Short Option Income Strategy ETF (WNTR) at 14.85%. This indicates that GGLL's price experiences larger fluctuations and is considered to be riskier than WNTR based on this measure. 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	26.42%	14.85%	+11.57%
Volatility (6M) Calculated over the trailing 6-month period	49.50%	47.43%	+2.07%
Volatility (1Y) Calculated over the trailing 1-year period	64.39%	54.68%	+9.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.22%	53.42%	+3.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.22%	53.42%	+3.80%

GGLL vs. WNTR - Expense Ratio Comparison

GGLL has a 0.96% expense ratio, which is lower than WNTR's 1.00% 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 107.02% 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 MSTR Short Option Income Strategy ETF	107.02%	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?

GGLL has higher volatility (26.42%) compared to WNTR (14.85%). 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 193.37% vs 107.38% for WNTR. On fees, GGLL is cheaper at 0.96% per year. On volatility, WNTR has been the lower-risk option at 14.85%. 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 193.37% return vs 107.38%. 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 1.00% for WNTR.

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

WNTR has the higher dividend yield at 107.02%, 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 1.00% for WNTR.

Which has better risk-adjusted returns?

GGLL currently has the higher Sharpe Ratio (2.89 vs 2.12), 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.