GOOX vs. GGLL

Last updated Jun 23, 2026

GOOX (T-Rex 2X Long Alphabet Daily Target ETF) and GGLL (Direxion Daily GOOGL Bull 2X Shares) are both exchange-traded funds - GOOX is a Leveraged Bonds fund actively managed by T-Rex, while GGLL is a Leveraged Equities fund tracking the Alphabet Inc. Class A (200%). GOOX is actively managed, while GGLL is passively managed. Over the past year, GOOX returned 257.68% vs 268.42% for GGLL. With a 0.99 correlation, they move nearly in lockstep. GOOX charges 1.05%/yr vs 0.96%/yr for GGLL.

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.

Returns By Period

In the year-to-date period, GOOX achieves a 12.48% return, which is significantly lower than GGLL's 14.50% return.

GOOX

• 1D: -10.17%
• 1M: -16.87%
• YTD: 12.48%
• 6M: 13.50%
• 1Y: 257.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GGLL

• 1D: -9.95%
• 1M: -17.91%
• YTD: 14.50%
• 6M: 16.51%
• 1Y: 268.42%
• 3Y*: 64.24%
• 5Y*: —
• 10Y*: —

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

GOOX vs. GGLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GOOX T-Rex 2X Long Alphabet Daily Target ETF	12.48%	121.41%	44.31%
GGLL Direxion Daily GOOGL Bull 2X Shares	14.50%	123.07%	45.58%

Correlation

The correlation between GOOX 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 (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.99

The correlation between GOOX and GGLL has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

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: 93
GOOX Sharpe Ratio Rank: 97
GOOX Sortino Ratio Rank: 94
GOOX Omega Ratio Rank: 90
GOOX Calmar Ratio Rank: 94
GOOX Martin Ratio Rank: 92

GGLL

GGLL Risk / Return Rank: 94
GGLL Sharpe Ratio Rank: 97
GGLL Sortino Ratio Rank: 94
GGLL Omega Ratio Rank: 90
GGLL Calmar Ratio Rank: 94
GGLL Martin Ratio Rank: 93

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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GOOX	GGLL	Difference
Sharpe ratio: Return per unit of total volatility	4.44	4.57	-0.12
Sortino ratio: Return per unit of downside risk	4.55	4.58	-0.02
Omega ratio: Gain probability vs. loss probability	1.55	1.56	-0.01
Calmar ratio: Return relative to maximum drawdown	6.66	7.04	-0.38
Martin ratio: Return relative to average drawdown	21.48	22.92	-1.44

GOOX vs. GGLL - Sharpe Ratio Comparison

The current GOOX Sharpe Ratio is 4.44, which is comparable to the GGLL Sharpe Ratio of 4.57. The chart below compares the historical Sharpe Ratios of GOOX and GGLL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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%
Max Drawdown (3Y) Largest decline over 3 years	—	-52.81%	—
Current Drawdown Current decline from peak	-25.24%	-26.02%	+0.78%
Average Drawdown Average peak-to-trough decline	-17.05%	-15.21%	-1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.06%	11.77%	+0.29%

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 19.22% and 18.97%, 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	19.22%	18.97%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	41.81%	42.31%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	58.51%	59.31%	-0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.61%	56.24%	+4.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.61%	56.24%	+4.37%

GOOX vs. GGLL - Expense Ratio Comparison

GOOX has a 1.05% expense ratio, which is higher than GGLL's 0.96% expense ratio.

Dividends

GOOX vs. GGLL - Dividend Comparison

GOOX's dividend yield for the trailing twelve months is around 0.27%, less than GGLL's 3.99% yield.

Position	TTM	2025	2024	2023	2022
GGLL Direxion Daily GOOGL Bull 2X Shares	3.99%	4.16%	3.29%	2.05%	0.59%
GOOX T-Rex 2X Long Alphabet Daily Target ETF	0.27%	0.30%	16.78%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GOOX and GGLL in my portfolio?

With a correlation of 0.99, GOOX 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 is riskier, GOOX or GGLL?

GOOX has higher volatility (19.22%) compared to GGLL (18.97%). In terms of maximum drawdown, GOOX dropped -52.46% vs GGLL's -52.81%.

Which ETF is better, GOOX or GGLL?

On 1-year performance, GGLL leads with 268.42% vs 257.68% for GOOX. On fees, GGLL is cheaper at 0.96% per year. On volatility, GGLL has been the lower-risk option at 18.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOX or GGLL?

Over the 1-year period, GGLL has performed better with a 268.42% return vs 257.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOX or GGLL?

GGLL is cheaper with a 0.96% expense ratio, compared with 1.05% for GOOX.

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

GGLL has the higher dividend yield at 3.99%, compared with 0.27% for GOOX.

What is the main difference between GOOX and GGLL?

GOOX is categorized as Leveraged Bonds, while GGLL is Leveraged Equities. They also come from different issuers: T-Rex and Direxion. Their fees differ too: 1.05% for GOOX and 0.96% for GGLL.

Which has better risk-adjusted returns?

GGLL currently has the higher Sharpe Ratio (4.57 vs 4.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.