GGLL vs. YCS

Last updated Jun 23, 2026

GGLL (Direxion Daily GOOGL Bull 2X Shares) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - GGLL is a Leveraged Equities fund tracking the Alphabet Inc. Class A (200%), while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 3 years, GGLL returned 64.24%/yr vs 18.43%/yr for YCS. At a correlation of -0.04, they often move in opposite directions. GGLL charges 0.96%/yr vs 1.00%/yr for YCS.

Performance

GGLL vs. YCS - Performance Comparison

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

Returns By Period

In the year-to-date period, GGLL achieves a 14.50% return, which is significantly higher than YCS's 9.78% return.

GGLL

• 1D: -9.95%
• 1M: -17.91%
• YTD: 14.50%
• 6M: 16.51%
• 1Y: 268.42%
• 3Y*: 64.24%
• 5Y*: —
• 10Y*: —

YCS

• 1D: 0.40%
• 1M: 3.71%
• YTD: 9.78%
• 6M: 9.63%
• 1Y: 31.36%
• 3Y*: 18.43%
• 5Y*: 23.50%
• 10Y*: 13.63%

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

GGLL vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GGLL Direxion Daily GOOGL Bull 2X Shares	14.50%	123.07%	48.88%	81.20%	-30.35%
YCS ProShares UltraShort Yen	9.78%	9.04%	35.41%	28.70%	-15.34%

Correlation

The correlation between GGLL and YCS is -0.14, 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	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022	-0.04

The correlation between GGLL and YCS shifts across timeframes, from -0.14 (1 year) to -0.00 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

GGLL vs. YCS — 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

YCS

YCS Risk / Return Rank: 61
YCS Sharpe Ratio Rank: 57
YCS Sortino Ratio Rank: 49
YCS Omega Ratio Rank: 57
YCS Calmar Ratio Rank: 77
YCS Martin Ratio Rank: 67

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. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bull 2X Shares (GGLL) and ProShares UltraShort Yen (YCS). 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	YCS	Difference
Sharpe ratio: Return per unit of total volatility	4.57	1.86	+2.71
Sortino ratio: Return per unit of downside risk	4.58	2.37	+2.21
Omega ratio: Gain probability vs. loss probability	1.56	1.35	+0.21
Calmar ratio: Return relative to maximum drawdown	7.04	3.79	+3.25
Martin ratio: Return relative to average drawdown	22.92	11.86	+11.06

GGLL vs. YCS - Sharpe Ratio Comparison

The current GGLL Sharpe Ratio is 4.57, which is higher than the YCS Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of GGLL and YCS, 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. YCS - Drawdown Comparison

The maximum GGLL drawdown since its inception was -52.81%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for GGLL and YCS.

Drawdown Indicators

	GGLL	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-52.81%	-49.56%	-3.25%
Max Drawdown (1Y) Largest decline over 1 year	-38.39%	-8.30%	-30.09%
Max Drawdown (3Y) Largest decline over 3 years	-52.81%	-23.05%	-29.76%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.32%	—
Current Drawdown Current decline from peak	-26.02%	0.00%	-26.02%
Average Drawdown Average peak-to-trough decline	-15.21%	-19.88%	+4.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.77%	2.65%	+9.12%

Volatility

GGLL vs. YCS - Volatility Comparison

Direxion Daily GOOGL Bull 2X Shares (GGLL) has a higher volatility of 18.97% compared to ProShares UltraShort Yen (YCS) at 2.22%. This indicates that GGLL's price experiences larger fluctuations and is considered to be riskier than YCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGLL	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.97%	2.22%	+16.75%
Volatility (6M) Calculated over the trailing 6-month period	42.31%	12.19%	+30.12%
Volatility (1Y) Calculated over the trailing 1-year period	59.31%	16.96%	+42.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.24%	21.10%	+35.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.24%	18.96%	+37.28%

GGLL vs. YCS - Expense Ratio Comparison

GGLL has a 0.96% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

GGLL vs. YCS - Dividend Comparison

GGLL's dividend yield for the trailing twelve months is around 3.99%, while YCS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
GGLL Direxion Daily GOOGL Bull 2X Shares	3.99%	4.16%	3.29%	2.05%	0.59%
YCS ProShares UltraShort Yen	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GGLL and YCS in my portfolio?

GGLL and YCS have a correlation of -0.14, 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 YCS?

GGLL has higher volatility (18.97%) compared to YCS (2.22%). In terms of maximum drawdown, GGLL dropped -52.81% vs YCS's -49.56%.

Which ETF is better, GGLL or YCS?

On 3-year performance, GGLL leads with 64.24% vs 18.43% for YCS. On fees, GGLL is cheaper at 0.96% per year. On volatility, YCS has been the lower-risk option at 2.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GGLL or YCS?

Over the 3-year period, GGLL has performed better with a 64.24% return vs 18.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GGLL or YCS?

GGLL is cheaper with a 0.96% expense ratio, compared with 1.00% for YCS.

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

GGLL has the higher dividend yield at 3.99%, compared with 0.00% for YCS.

What is the main difference between GGLL and YCS?

GGLL is categorized as Leveraged Equities, while YCS is Leveraged Currency. GGLL tracks Alphabet Inc. Class A (200%), while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.96% for GGLL and 1.00% for YCS.

Which has better risk-adjusted returns?

GGLL currently has the higher Sharpe Ratio (4.57 vs 1.86), 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.