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 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GOOX vs. GGLL - Performance Comparison
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Key characteristics
GOOX:
127.81%
GGLL:
123.69%
GOOX:
-15.67%
GGLL:
-15.68%
GOOX:
-14.13%
GGLL:
-14.25%
Returns By Period
GOOX
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GGLL
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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.
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Dividends
GOOX vs. GGLL - Dividend Comparison
GOOX's dividend yield for the trailing twelve months is around 27.89%, while GGLL has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 27.89% | 0.00% |
GGLL Direxion Daily GOOGL Bull 2X Shares | 0.00% | 0.00% |
Drawdowns
GOOX vs. GGLL - Drawdown Comparison
The maximum GOOX drawdown since its inception was -15.67%, roughly equal to the maximum GGLL drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for GOOX and GGLL. For additional features, visit the drawdowns tool.
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Volatility
GOOX vs. GGLL - Volatility Comparison
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