GOOX vs. GGLL
Compare and contrast key facts about T-Rex 2X Long Alphabet Daily Target ETF (GOOX) and Direxion Daily GOOGL Bull 2X Shares (GGLL).
GOOX and GGLL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOOX is an actively managed fund by T-Rex. It was launched on Jan 10, 2024. GGLL is a passively managed fund by Direxion that tracks the performance of the Alphabet Inc. Class A (200%). It was launched on Sep 6, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOOX or GGLL.
Key characteristics
| GOOX | GGLL | |
|---|---|---|
| Daily Std Dev | 53.87% | 48.20% |
| Max Drawdown | -41.86% | -41.33% |
| Current Drawdown | -15.89% | -15.40% |
Correlation
The correlation between GOOX and GGLL is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GOOX vs. GGLL - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GOOX vs. GGLL - Expense Ratio Comparison
Both GOOX and GGLL have an expense ratio of 1.05%.
Risk-Adjusted Performance
GOOX vs. GGLL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Alphabet Daily Target ETF (GOOX) 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.
Not enough dataDividends
GOOX vs. GGLL - Dividend Comparison
GOOX has not paid dividends to shareholders, while GGLL's dividend yield for the trailing twelve months is around 2.29%.
| TTM | 2023 | 2022 | |
|---|---|---|---|
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 0.00% | 0.00% | 0.00% |
GGLL Direxion Daily GOOGL Bull 2X Shares | 2.29% | 2.05% | 0.59% |
Drawdowns
GOOX vs. GGLL - Drawdown Comparison
The maximum GOOX drawdown since its inception was -41.86%, roughly equal to the maximum GGLL drawdown of -41.33%. Use the drawdown chart below to compare losses from any high point for GOOX and GGLL. For additional features, visit the drawdowns tool.
Volatility
GOOX vs. GGLL - Volatility Comparison
T-Rex 2X Long Alphabet Daily Target ETF (GOOX) and Direxion Daily GOOGL Bull 2X Shares (GGLL) have volatilities of 13.11% and 13.04%, 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.