MSFU vs. GGLL

Last updated Jun 16, 2026

MSFU (Direxion Daily MSFT Bull 2X Shares) and GGLL (Direxion Daily GOOGL Bull 2X Shares) are both Leveraged Equities funds from Direxion - MSFU tracks the Microsoft Corporation (150%) while GGLL tracks the Alphabet Inc. Class A (200%). Both are passively managed. Over the past 3 years, MSFU returned -5.80%/yr vs 69.72%/yr for GGLL. A 0.52 correlation means they provide meaningful diversification when combined. MSFU charges 1.04%/yr vs 1.05%/yr for GGLL.

Performance

MSFU vs. GGLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily MSFT Bull 2X Shares (MSFU) 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, MSFU achieves a -37.11% return, which is significantly lower than GGLL's 28.35% return.

MSFU

• 1D: 4.68%
• 1M: -11.32%
• YTD: -37.11%
• 6M: -35.10%
• 1Y: -39.10%
• 3Y*: -5.80%
• 5Y*: —
• 10Y*: —

GGLL

• 1D: 5.27%
• 1M: -14.41%
• YTD: 28.35%
• 6M: 31.36%
• 1Y: 274.90%
• 3Y*: 69.72%
• 5Y*: —
• 10Y*: —

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

MSFU vs. GGLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MSFU Direxion Daily MSFT Bull 2X Shares	-37.11%	13.36%	5.80%	83.04%	-13.28%
GGLL Direxion Daily GOOGL Bull 2X Shares	28.35%	123.07%	48.88%	81.20%	-30.35%

Correlation

The correlation between MSFU and GGLL is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022	0.52

Over the past year, the correlation between MSFU and GGLL has dropped to 0.18 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

MSFU vs. GGLL - Sectors Allocation Comparison

Sectors	MSFU	GGLL
Technology	100.0%	-
Basic Materials	-	-
Communication Services	-	100.0%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

MSFU vs. GGLL — Risk / Return Rank

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

MSFU

MSFU Risk / Return Rank: 3
MSFU Sharpe Ratio Rank: 3
MSFU Sortino Ratio Rank: 4
MSFU Omega Ratio Rank: 3
MSFU Calmar Ratio Rank: 4
MSFU Martin Ratio Rank: 3

GGLL

GGLL Risk / Return Rank: 95
GGLL Sharpe Ratio Rank: 98
GGLL Sortino Ratio Rank: 95
GGLL Omega Ratio Rank: 93
GGLL Calmar Ratio Rank: 95
GGLL Martin Ratio Rank: 94

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.

MSFU vs. GGLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSFT Bull 2X Shares (MSFU) 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.

	MSFU	GGLL	Difference
Sharpe ratio: Return per unit of total volatility	-0.77	4.72	-5.49
Sortino ratio: Return per unit of downside risk	-0.93	4.76	-5.68
Omega ratio: Gain probability vs. loss probability	0.88	1.57	-0.69
Calmar ratio: Return relative to maximum drawdown	-0.66	7.21	-7.87
Martin ratio: Return relative to average drawdown	-1.22	23.85	-25.07

MSFU vs. GGLL - Sharpe Ratio Comparison

The current MSFU Sharpe Ratio is -0.77, which is lower than the GGLL Sharpe Ratio of 4.72. The chart below compares the historical Sharpe Ratios of MSFU 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

MSFU vs. GGLL - Drawdown Comparison

The maximum MSFU drawdown since its inception was -59.83%, which is greater than GGLL's maximum drawdown of -52.81%. Use the drawdown chart below to compare losses from any high point for MSFU and GGLL.

Drawdown Indicators

	MSFU	GGLL	Difference
Max Drawdown Largest peak-to-trough decline	-59.83%	-52.81%	-7.02%
Max Drawdown (1Y) Largest decline over 1 year	-59.83%	-38.39%	-21.44%
Max Drawdown (3Y) Largest decline over 3 years	-59.83%	-52.81%	-7.02%
Current Drawdown Current decline from peak	-51.32%	-17.07%	-34.25%
Average Drawdown Average peak-to-trough decline	-16.78%	-15.19%	-1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.21%	11.59%	+20.62%

Volatility

MSFU vs. GGLL - Volatility Comparison

Direxion Daily MSFT Bull 2X Shares (MSFU) has a higher volatility of 21.34% compared to Direxion Daily GOOGL Bull 2X Shares (GGLL) at 15.63%. This indicates that MSFU'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.

Volatility by Period

	MSFU	GGLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.34%	15.63%	+5.71%
Volatility (6M) Calculated over the trailing 6-month period	45.46%	41.15%	+4.31%
Volatility (1Y) Calculated over the trailing 1-year period	51.01%	58.77%	-7.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.39%	56.02%	-9.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.39%	56.02%	-9.63%

MSFU vs. GGLL - Expense Ratio Comparison

MSFU has a 1.04% expense ratio, which is lower than GGLL's 1.05% expense ratio.

Dividends

MSFU vs. GGLL - Dividend Comparison

MSFU's dividend yield for the trailing twelve months is around 12.58%, more than GGLL's 3.56% yield.

Position	TTM	2025	2024	2023	2022
GGLL Direxion Daily GOOGL Bull 2X Shares	3.56%	4.16%	3.29%	2.05%	0.59%
MSFU Direxion Daily MSFT Bull 2X Shares	12.58%	8.15%	7.00%	2.11%	0.54%

Frequently Asked Questions

Can I hold both MSFU and GGLL in my portfolio?

MSFU and GGLL have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSFU or GGLL?

MSFU has higher volatility (21.34%) compared to GGLL (15.63%). In terms of maximum drawdown, MSFU dropped -59.83% vs GGLL's -52.81%.

Which ETF is better, MSFU or GGLL?

On 3-year performance, GGLL leads with 69.72% vs -5.80% for MSFU. On fees, MSFU is cheaper at 1.04% per year. On volatility, GGLL has been the lower-risk option at 15.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFU or GGLL?

Over the 3-year period, GGLL has performed better with a 69.72% return vs -5.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFU or GGLL?

MSFU is cheaper with a 1.04% expense ratio, compared with 1.05% for GGLL.

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

MSFU has the higher dividend yield at 12.58%, compared with 3.56% for GGLL.

What is the main difference between MSFU and GGLL?

MSFU tracks Microsoft Corporation (150%), while GGLL tracks Alphabet Inc. Class A (200%). Their fees differ too: 1.04% for MSFU and 1.05% for GGLL.

Which has better risk-adjusted returns?

GGLL currently has the higher Sharpe Ratio (4.72 vs -0.77), 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.