GOOW vs. GGLL

Last updated Jun 5, 2026

GOOW (Roundhill GOOGL WeeklyPay™ ETF) and GGLL (Direxion Daily GOOGL Bull 2X Shares) are both exchange-traded funds - GOOW is a Derivative Income fund actively managed by Roundhill, while GGLL is a Leveraged Equities fund tracking the Alphabet Inc. Class A (200%). GOOW is actively managed, while GGLL is passively managed. With a 0.99 correlation, they move nearly in lockstep. GOOW charges 0.99%/yr vs 1.05%/yr for GGLL.

Performance

GOOW vs. GGLL - Performance Comparison

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

Returns By Period

In the year-to-date period, GOOW achieves a 20.63% return, which is significantly lower than GGLL's 30.87% return.

GOOW

• 1D: 4.51%
• 1M: -5.12%
• YTD: 20.63%
• 6M: 17.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GGLL

• 1D: 7.06%
• 1M: -9.57%
• YTD: 30.87%
• 6M: 25.77%
• 1Y: 311.83%
• 3Y*: 68.87%
• 5Y*: —
• 10Y*: —

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

GOOW vs. GGLL - Yearly Performance Comparison

	2026 (YTD)	2025
GOOW Roundhill GOOGL WeeklyPay™ ETF	20.63%	75.51%
GGLL Direxion Daily GOOGL Bull 2X Shares	30.87%	145.75%

Correlation

The correlation between GOOW and GGLL is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.99

GOOW vs. GGLL - Sectors Allocation Comparison

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

Return for Risk

GOOW vs. GGLL — Risk / Return Rank

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

GGLL

GGLL Risk / Return Rank: 95
GGLL Sharpe Ratio Rank: 98
GGLL Sortino Ratio Rank: 95
GGLL Omega Ratio Rank: 92
GGLL Calmar Ratio Rank: 95
GGLL Martin Ratio Rank: 94

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.

GOOW vs. GGLL - Risk-Adjusted Trends Comparison

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GOOW	GGLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.71	1.03	+2.67

Drawdowns

GOOW vs. GGLL - Drawdown Comparison

The maximum GOOW drawdown since its inception was -24.88%, smaller than the maximum GGLL drawdown of -52.81%. Use the drawdown chart below to compare losses from any high point for GOOW and GGLL.

Drawdown Indicators

	GOOW	GGLL	Difference
Max Drawdown Largest peak-to-trough decline	-24.88%	-52.81%	+27.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-38.39%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-52.81%	—
Current Drawdown Current decline from peak	-9.28%	-15.44%	+6.16%
Average Drawdown Average peak-to-trough decline	-4.82%	-15.17%	+10.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.15%	—

Volatility

Volatility by Period

	GOOW	GGLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	41.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	37.56%	58.62%	-21.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.56%	56.11%	-18.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.56%	56.11%	-18.55%

GOOW vs. GGLL - Expense Ratio Comparison

GOOW has a 0.99% expense ratio, which is lower than GGLL's 1.05% expense ratio.

Dividends

GOOW vs. GGLL - Dividend Comparison

GOOW's dividend yield for the trailing twelve months is around 33.69%, more than GGLL's 3.49% yield.

Position	TTM	2025	2024	2023	2022
GGLL Direxion Daily GOOGL Bull 2X Shares	3.49%	4.16%	3.29%	2.05%	0.59%
GOOW Roundhill GOOGL WeeklyPay™ ETF	33.69%	19.77%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GOOW and GGLL in my portfolio?

With a correlation of 0.99, GOOW and GGLL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GOOW or GGLL?

On fees, GOOW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GOOW or GGLL?

GOOW is cheaper with a 0.99% expense ratio, compared with 1.05% for GGLL.

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

GOOW has the higher dividend yield at 33.69%, compared with 3.49% for GGLL.

What is the main difference between GOOW and GGLL?

GOOW is categorized as Derivative Income, while GGLL is Leveraged Equities. They also come from different issuers: Roundhill and Direxion. Their fees differ too: 0.99% for GOOW and 1.05% for GGLL.