NFLU vs. GGLL

Last updated Jun 4, 2026

NFLU (T-REX 2X Long Netflix Daily Target ETF) and GGLL (Direxion Daily GOOGL Bull 2X Shares) are both Leveraged Equities funds. NFLU is actively managed, while GGLL is passively managed. Over the past year, NFLU returned -64.65% vs 293.20% for GGLL. At a 0.18 correlation, their price movements are largely independent. Both charge a 1.05% expense ratio.

Performance

NFLU vs. GGLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long Netflix Daily Target ETF (NFLU) 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, NFLU achieves a -32.34% return, which is significantly lower than GGLL's 22.24% return.

NFLU

• 1D: -4.65%
• 1M: -21.10%
• YTD: -32.34%
• 6M: -45.65%
• 1Y: -64.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GGLL

• 1D: -1.40%
• 1M: -13.22%
• YTD: 22.24%
• 6M: 15.91%
• 1Y: 293.20%
• 3Y*: 65.97%
• 5Y*: —
• 10Y*: —

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

NFLU vs. GGLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NFLU T-REX 2X Long Netflix Daily Target ETF	-32.34%	-12.47%	50.04%
GGLL Direxion Daily GOOGL Bull 2X Shares	22.24%	123.07%	27.55%

Correlation

The correlation between NFLU and GGLL is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (All Time) Calculated using the full available price history since Sep 30, 2024	0.18

The correlation between NFLU and GGLL shifts across timeframes, from 0.04 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NFLU vs. GGLL — Risk / Return Rank

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

NFLU

NFLU Risk / Return Rank: 1
NFLU Sharpe Ratio Rank: 2
NFLU Sortino Ratio Rank: 1
NFLU Omega Ratio Rank: 1
NFLU Calmar Ratio Rank: 1
NFLU Martin Ratio Rank: 2

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: 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.

NFLU vs. GGLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long Netflix Daily Target ETF (NFLU) 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.

	NFLU	GGLL	Difference
Sharpe ratio: Return per unit of total volatility	-0.97	5.07	-6.04
Sortino ratio: Return per unit of downside risk	-1.63	4.96	-6.58
Omega ratio: Gain probability vs. loss probability	0.79	1.60	-0.80
Calmar ratio: Return relative to maximum drawdown	-0.90	7.69	-8.59
Martin ratio: Return relative to average drawdown	-1.40	26.53	-27.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NFLU vs. GGLL - Sharpe Ratio Comparison

The current NFLU Sharpe Ratio is -0.97, which is lower than the GGLL Sharpe Ratio of 5.07. The chart below compares the historical Sharpe Ratios of NFLU 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.

Sharpe Ratios by Period

	NFLU	GGLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.97	5.07	-6.04
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	0.99	-1.08

Drawdowns

NFLU vs. GGLL - Drawdown Comparison

The maximum NFLU drawdown since its inception was -72.10%, which is greater than GGLL's maximum drawdown of -52.81%. Use the drawdown chart below to compare losses from any high point for NFLU and GGLL.

Drawdown Indicators

	NFLU	GGLL	Difference
Max Drawdown Largest peak-to-trough decline	-72.10%	-52.81%	-19.29%
Max Drawdown (1Y) Largest decline over 1 year	-72.10%	-38.39%	-33.71%
Max Drawdown (3Y) Largest decline over 3 years	—	-52.81%	—
Current Drawdown Current decline from peak	-70.46%	-21.02%	-49.44%
Average Drawdown Average peak-to-trough decline	-27.92%	-15.17%	-12.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.27%	11.11%	+35.16%

Volatility

NFLU vs. GGLL - Volatility Comparison

The current volatility for T-REX 2X Long Netflix Daily Target ETF (NFLU) is 14.50%, while Direxion Daily GOOGL Bull 2X Shares (GGLL) has a volatility of 16.60%. This indicates that NFLU 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

	NFLU	GGLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.50%	16.60%	-2.10%
Volatility (6M) Calculated over the trailing 6-month period	51.32%	40.70%	+10.62%
Volatility (1Y) Calculated over the trailing 1-year period	66.63%	58.40%	+8.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.18%	56.03%	+13.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.18%	56.03%	+13.15%

NFLU vs. GGLL - Expense Ratio Comparison

Both NFLU and GGLL have an expense ratio of 1.05%.

Dividends

NFLU vs. GGLL - Dividend Comparison

NFLU has not paid dividends to shareholders, while GGLL's dividend yield for the trailing twelve months is around 3.73%.

Position	TTM	2025	2024	2023	2022
GGLL Direxion Daily GOOGL Bull 2X Shares	3.73%	4.16%	3.29%	2.05%	0.59%
NFLU T-REX 2X Long Netflix Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NFLU and GGLL in my portfolio?

NFLU and GGLL have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NFLU or GGLL?

GGLL has higher volatility (16.60%) compared to NFLU (14.50%). In terms of maximum drawdown, NFLU dropped -72.10% vs GGLL's -52.81%.

Which ETF is better, NFLU or GGLL?

On 1-year performance, GGLL leads with 293.20% vs -64.65% for NFLU. Both ETFs have the same 1.05% expense ratio. On volatility, NFLU has been the lower-risk option at 14.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NFLU or GGLL?

Over the 1-year period, GGLL has performed better with a 293.20% return vs -64.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NFLU or GGLL?

NFLU and GGLL have the same expense ratio: 1.05% per year.

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

GGLL has the higher dividend yield at 3.73%, compared with 0.00% for NFLU.

What is the main difference between NFLU and GGLL?

They also come from different issuers: REX Shares and Direxion.

Which has better risk-adjusted returns?

GGLL currently has the higher Sharpe Ratio (5.07 vs -0.97), 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.