SKYU vs. GGLL
Compare and contrast key facts about ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) and Direxion Daily GOOGL Bull 2X Shares (GGLL).
SKYU and GGLL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SKYU is a passively managed fund by ProShares that tracks the performance of the ISE Cloud Computing Index (200%). It was launched on Jan 19, 2021. 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. Both SKYU and GGLL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SKYU vs. GGLL - Performance Comparison
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SKYU vs. GGLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SKYU ProShares Ultra Nasdaq Cloud Computing ETF | -30.59% | 2.76% | 65.79% | 105.76% | -31.43% |
GGLL Direxion Daily GOOGL Bull 2X Shares | -13.29% | 123.07% | 48.88% | 81.20% | -30.35% |
Returns By Period
In the year-to-date period, SKYU achieves a -30.59% return, which is significantly lower than GGLL's -13.29% return.
SKYU
- 1D
- 1.85%
- 1M
- -1.21%
- YTD
- -30.59%
- 6M
- -36.73%
- 1Y
- -1.52%
- 3Y*
- 23.32%
- 5Y*
- -8.28%
- 10Y*
- —
GGLL
- 1D
- 6.92%
- 1M
- -7.36%
- YTD
- -13.29%
- 6M
- 35.38%
- 1Y
- 197.12%
- 3Y*
- 61.49%
- 5Y*
- —
- 10Y*
- —
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SKYU vs. GGLL - Expense Ratio Comparison
SKYU has a 0.95% expense ratio, which is lower than GGLL's 1.05% expense ratio.
Return for Risk
SKYU vs. GGLL — Risk / Return Rank
SKYU
GGLL
SKYU vs. GGLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) 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.
| SKYU | GGLL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.03 | 3.24 | -3.26 |
Sortino ratioReturn per unit of downside risk | 0.39 | 3.58 | -3.19 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.44 | -0.39 |
Calmar ratioReturn relative to maximum drawdown | 0.02 | 5.37 | -5.36 |
Martin ratioReturn relative to average drawdown | 0.04 | 19.61 | -19.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SKYU | GGLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 3.24 | -3.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.14 | 0.80 | -0.94 |
Correlation
The correlation between SKYU and GGLL is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SKYU vs. GGLL - Dividend Comparison
SKYU's dividend yield for the trailing twelve months is around 1.01%, less than GGLL's 5.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SKYU ProShares Ultra Nasdaq Cloud Computing ETF | 1.01% | 0.56% | 0.21% | 0.00% | 0.00% |
GGLL Direxion Daily GOOGL Bull 2X Shares | 5.26% | 4.16% | 3.29% | 2.05% | 0.59% |
Drawdowns
SKYU vs. GGLL - Drawdown Comparison
The maximum SKYU drawdown since its inception was -83.01%, which is greater than GGLL's maximum drawdown of -52.81%. Use the drawdown chart below to compare losses from any high point for SKYU and GGLL.
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Drawdown Indicators
| SKYU | GGLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.01% | -52.81% | -30.20% |
Max Drawdown (1Y)Largest decline over 1 year | -48.85% | -38.39% | -10.46% |
Max Drawdown (5Y)Largest decline over 5 years | -83.01% | — | — |
Current DrawdownCurrent decline from peak | -55.30% | -27.39% | -27.91% |
Average DrawdownAverage peak-to-trough decline | -49.36% | -15.51% | -33.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.57% | 10.52% | +10.05% |
Volatility
SKYU vs. GGLL - Volatility Comparison
The current volatility for ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) is 16.10%, while Direxion Daily GOOGL Bull 2X Shares (GGLL) has a volatility of 19.62%. This indicates that SKYU 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.
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Volatility by Period
| SKYU | GGLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.10% | 19.62% | -3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 38.96% | 39.89% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.55% | 61.32% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.36% | 55.21% | +5.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.41% | 55.21% | +5.20% |