GOOX vs. GGLL

Last updated Apr 1, 2026

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.

Performance

GOOX vs. GGLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long Alphabet Daily Target ETF (GOOX) and Direxion Daily GOOGL Bull 2X Shares (GGLL). The values are adjusted to include any dividend payments, if applicable.

GOOX vs. GGLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GOOX T-Rex 2X Long Alphabet Daily Target ETF	-19.70%	121.41%	46.80%
GGLL Direxion Daily GOOGL Bull 2X Shares	-18.90%	123.07%	46.07%

Returns By Period

The year-to-date returns for both investments are quite close, with GOOX having a -19.70% return and GGLL slightly higher at -18.90%.

GOOX

• 1D: 10.08%
• 1M: -16.58%
• YTD: -19.70%
• 6M: 26.86%
• 1Y: 178.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GGLL

• 1D: 10.22%
• 1M: -16.24%
• YTD: -18.90%
• 6M: 28.40%
• 1Y: 186.52%
• 3Y*: 57.93%
• 5Y*: —
• 10Y*: —

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

GOOX vs. GGLL - Expense Ratio Comparison

Both GOOX and GGLL have an expense ratio of 1.05%.

GOOX

T-Rex 2X Long Alphabet Daily Target ETF

GGLL

Direxion Daily GOOGL Bull 2X Shares

Return for Risk

GOOX vs. GGLL — Risk / Return Rank

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

GOOX

GOOX Risk / Return Rank: 96
GOOX Sharpe Ratio Rank: 97
GOOX Sortino Ratio Rank: 97
GOOX Omega Ratio Rank: 93
GOOX Calmar Ratio Rank: 96
GOOX Martin Ratio Rank: 96

GGLL

GGLL Risk / Return Rank: 96
GGLL Sharpe Ratio Rank: 98
GGLL Sortino Ratio Rank: 97
GGLL Omega Ratio Rank: 94
GGLL Calmar Ratio Rank: 97
GGLL Martin Ratio Rank: 97

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.

GOOX vs. GGLL - Risk-Adjusted Trends 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.

	GOOX	GGLL	Difference
Sharpe ratio Return per unit of total volatility	2.93	3.08	-0.14
Sortino ratio Return per unit of downside risk	3.39	3.47	-0.08
Omega ratio Gain probability vs. loss probability	1.42	1.43	-0.01
Calmar ratio Return relative to maximum drawdown	4.59	4.88	-0.29
Martin ratio Return relative to average drawdown	16.82	18.04	-1.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOOX vs. GGLL - Sharpe Ratio Comparison

The current GOOX Sharpe Ratio is 2.93, which is comparable to the GGLL Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of GOOX and GGLL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GOOX	GGLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.93	3.08	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.75	+0.17

Correlation

The correlation between GOOX and GGLL is 0.99, 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.

Dividends

GOOX vs. GGLL - Dividend Comparison

GOOX's dividend yield for the trailing twelve months is around 0.38%, less than GGLL's 5.63% yield.

	TTM	2025	2024	2023	2022
GOOX T-Rex 2X Long Alphabet Daily Target ETF	0.38%	0.30%	16.78%	0.00%	0.00%
GGLL Direxion Daily GOOGL Bull 2X Shares	5.63%	4.16%	3.29%	2.05%	0.59%

Drawdowns

GOOX vs. GGLL - Drawdown Comparison

The maximum GOOX drawdown since its inception was -52.46%, roughly equal to the maximum GGLL drawdown of -52.81%. Use the drawdown chart below to compare losses from any high point for GOOX and GGLL.

Drawdown Indicators

	GOOX	GGLL	Difference
Max Drawdown Largest peak-to-trough decline	-52.46%	-52.81%	+0.35%
Max Drawdown (1Y) Largest decline over 1 year	-38.98%	-38.39%	-0.59%
Current Drawdown Current decline from peak	-32.83%	-32.09%	-0.74%
Average Drawdown Average peak-to-trough decline	-17.64%	-15.49%	-2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.63%	10.38%	+0.25%

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 17.46% and 18.25%, 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

	GOOX	GGLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.46%	18.25%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	38.87%	39.37%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	61.17%	60.98%	+0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.48%	55.13%	+4.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.48%	55.13%	+4.35%