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.
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.
Performance
GOOX vs. GGLL - Performance Comparison
Key characteristics
GOOX:
-0.32
GGLL:
-0.34
GOOX:
-0.07
GGLL:
-0.10
GOOX:
0.99
GGLL:
0.99
GOOX:
-0.39
GGLL:
-0.40
GOOX:
-0.85
GGLL:
-0.88
GOOX:
24.13%
GGLL:
24.20%
GOOX:
63.20%
GGLL:
62.64%
GOOX:
-52.46%
GGLL:
-52.81%
GOOX:
-48.72%
GGLL:
-49.30%
Returns By Period
The year-to-date returns for both stocks are quite close, with GOOX having a -39.70% return and GGLL slightly lower at -40.91%.
GOOX
-39.70%
-17.63%
-22.67%
-22.32%
N/A
N/A
GGLL
-40.91%
-17.47%
-23.63%
-22.92%
N/A
N/A
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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 Rank
GOOX
GGLL
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.
Dividends
GOOX vs. GGLL - Dividend Comparison
GOOX's dividend yield for the trailing twelve months is around 27.83%, more than GGLL's 5.66% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 27.83% | 16.78% | 0.00% | 0.00% |
GGLL Direxion Daily GOOGL Bull 2X Shares | 5.66% | 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. For additional features, visit the drawdowns tool.
Volatility
GOOX vs. GGLL - Volatility Comparison
T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a higher volatility of 30.07% compared to Direxion Daily GOOGL Bull 2X Shares (GGLL) at 28.07%. This indicates that GOOX's price experiences larger fluctuations and is considered to be riskier than GGLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.