METD vs. GGLL

Last updated Jun 24, 2026

METD (Direxion Daily META Bear 1X ETF) and GGLL (Direxion Daily GOOGL Bull 2X Shares) are both exchange-traded funds - METD is a Inverse Equities fund actively managed by Direxion, while GGLL is a Leveraged Equities fund tracking the Alphabet Inc. Class A (200%). METD is actively managed, while GGLL is passively managed. Over the past year, METD returned 16.44% vs 265.53% for GGLL. At a correlation of -0.49, they often move in opposite directions. METD charges 1.00%/yr vs 0.96%/yr for GGLL.

Performance

METD vs. GGLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily META Bear 1X ETF (METD) and Direxion Daily GOOGL Bull 2X Shares (GGLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with METD having a 11.74% return and GGLL slightly lower at 11.40%.

METD

• 1D: 0.27%
• 1M: 7.29%
• YTD: 11.74%
• 6M: 12.81%
• 1Y: 16.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GGLL

• 1D: -2.70%
• 1M: -20.13%
• YTD: 11.40%
• 6M: 10.14%
• 1Y: 265.53%
• 3Y*: 62.75%
• 5Y*: —
• 10Y*: —

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

METD vs. GGLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
METD Direxion Daily META Bear 1X ETF	11.74%	-17.33%	-15.84%
GGLL Direxion Daily GOOGL Bull 2X Shares	11.40%	123.07%	7.92%

Correlation

The correlation between METD and GGLL is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.40
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024	-0.49

Return for Risk

METD vs. GGLL — Risk / Return Rank

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

METD

METD Risk / Return Rank: 17
METD Sharpe Ratio Rank: 16
METD Sortino Ratio Rank: 17
METD Omega Ratio Rank: 18
METD Calmar Ratio Rank: 17
METD Martin Ratio Rank: 16

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.

METD vs. GGLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily META Bear 1X ETF (METD) 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.

	METD	GGLL	Difference
Sharpe ratio: Return per unit of total volatility	0.45	4.51	-4.06
Sortino ratio: Return per unit of downside risk	0.86	4.55	-3.69
Omega ratio: Gain probability vs. loss probability	1.12	1.55	-0.43
Calmar ratio: Return relative to maximum drawdown	0.68	6.97	-6.29
Martin ratio: Return relative to average drawdown	1.54	22.42	-20.88

METD vs. GGLL - Sharpe Ratio Comparison

The current METD Sharpe Ratio is 0.45, which is lower than the GGLL Sharpe Ratio of 4.51. The chart below compares the historical Sharpe Ratios of METD 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

METD vs. GGLL - Drawdown Comparison

The maximum METD drawdown since its inception was -46.03%, smaller than the maximum GGLL drawdown of -52.81%. Use the drawdown chart below to compare losses from any high point for METD and GGLL.

Drawdown Indicators

	METD	GGLL	Difference
Max Drawdown Largest peak-to-trough decline	-46.03%	-52.81%	+6.78%
Max Drawdown (1Y) Largest decline over 1 year	-24.38%	-38.39%	+14.01%
Max Drawdown (3Y) Largest decline over 3 years	—	-52.81%	—
Current Drawdown Current decline from peak	-28.18%	-28.02%	-0.16%
Average Drawdown Average peak-to-trough decline	-28.60%	-15.22%	-13.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.70%	11.91%	-1.21%

Volatility

METD vs. GGLL - Volatility Comparison

The current volatility for Direxion Daily META Bear 1X ETF (METD) is 13.02%, while Direxion Daily GOOGL Bull 2X Shares (GGLL) has a volatility of 19.04%. This indicates that METD experiences smaller price fluctuations and is considered to be less risky than GGLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	METD	GGLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.02%	19.04%	-6.02%
Volatility (6M) Calculated over the trailing 6-month period	28.31%	42.25%	-13.94%
Volatility (1Y) Calculated over the trailing 1-year period	36.59%	59.29%	-22.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.64%	56.23%	-19.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.64%	56.23%	-19.59%

METD vs. GGLL - Expense Ratio Comparison

METD has a 1.00% expense ratio, which is higher than GGLL's 0.96% expense ratio.

Dividends

METD vs. GGLL - Dividend Comparison

METD's dividend yield for the trailing twelve months is around 3.02%, less than GGLL's 4.10% yield.

Position	TTM	2025	2024	2023	2022
GGLL Direxion Daily GOOGL Bull 2X Shares	4.10%	4.16%	3.29%	2.05%	0.59%
METD Direxion Daily META Bear 1X ETF	3.02%	3.35%	2.30%	0.00%	0.00%

Frequently Asked Questions

Can I hold both METD and GGLL in my portfolio?

METD and GGLL have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, METD or GGLL?

GGLL has higher volatility (19.04%) compared to METD (13.02%). In terms of maximum drawdown, METD dropped -46.03% vs GGLL's -52.81%.

Which ETF is better, METD or GGLL?

On 1-year performance, GGLL leads with 265.53% vs 16.44% for METD. On fees, GGLL is cheaper at 0.96% per year. On volatility, METD has been the lower-risk option at 13.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, METD or GGLL?

Over the 1-year period, GGLL has performed better with a 265.53% return vs 16.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, METD or GGLL?

GGLL is cheaper with a 0.96% expense ratio, compared with 1.00% for METD.

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

GGLL has the higher dividend yield at 4.10%, compared with 3.02% for METD.

What is the main difference between METD and GGLL?

METD is categorized as Inverse Equities, while GGLL is Leveraged Equities. Their fees differ too: 1.00% for METD and 0.96% for GGLL.

Which has better risk-adjusted returns?

GGLL currently has the higher Sharpe Ratio (4.51 vs 0.45), 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.