SRTY vs. GGLL

Last updated Jul 15, 2026

SRTY (ProShares UltraPro Short Russell2000) and GGLL (Direxion Daily GOOGL Bull 2X Shares) are both Leveraged Equities funds - SRTY tracks the Russell 2000 Index (-300%) while GGLL tracks the Alphabet Inc. Class A (200%). Both are passively managed. Over the past 3 years, SRTY returned -43.61%/yr vs 64.81%/yr for GGLL. At a correlation of -0.42, they often move in opposite directions. SRTY charges 0.95%/yr vs 0.96%/yr for GGLL.

Performance

SRTY vs. GGLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Short Russell2000 (SRTY) 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, SRTY achieves a -45.32% return, which is significantly lower than GGLL's 19.67% return.

SRTY

• 1D: -1.04%
• 1M: -2.05%
• 6M: -34.59%
• YTD: -45.32%
• 1Y: -61.31%
• 3Y*: -43.61%
• 5Y*: -33.31%
• 10Y*: -43.29%

GGLL

• 1D: 3.90%
• 1M: -1.85%
• 6M: 4.17%
• YTD: 19.67%
• 1Y: 228.00%
• 3Y*: 64.81%
• 5Y*: —
• 10Y*: —

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

SRTY vs. GGLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SRTY ProShares UltraPro Short Russell2000	-45.32%	-40.55%	-32.91%	-42.02%	-8.22%
GGLL Direxion Daily GOOGL Bull 2X Shares	19.67%	123.07%	48.88%	81.20%	-30.35%

Correlation

The correlation between SRTY 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 (3Y) Calculated over the trailing 3-year period	-0.39
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022	-0.42

SRTY vs. GGLL - Sectors Allocation Comparison

Sectors	SRTY	GGLL
Financial Services	45.6%	-
Basic Materials	-	-
Communication Services	-	100.0%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

SRTY vs. GGLL — Risk / Return Rank

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

SRTY

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

GGLL

GGLL Risk / Return Rank: 94
GGLL Sharpe Ratio Rank: 97
GGLL Sortino Ratio Rank: 95
GGLL Omega Ratio Rank: 93
GGLL Calmar Ratio Rank: 95
GGLL Martin Ratio Rank: 92

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.

SRTY vs. GGLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Russell2000 (SRTY) 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.

	SRTY	GGLL	Difference
Sharpe ratio: Return per unit of total volatility	-1.06	3.84	-4.89
Sortino ratio: Return per unit of downside risk	-1.77	4.19	-5.96
Omega ratio: Gain probability vs. loss probability	0.81	1.50	-0.69
Calmar ratio: Return relative to maximum drawdown	-0.91	5.98	-6.89
Martin ratio: Return relative to average drawdown	-1.40	17.37	-18.77

SRTY vs. GGLL - Sharpe Ratio Comparison

The current SRTY Sharpe Ratio is -1.06, which is lower than the GGLL Sharpe Ratio of 3.84. The chart below compares the historical Sharpe Ratios of SRTY 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

SRTY vs. GGLL - Drawdown Comparison

The maximum SRTY drawdown since its inception was -100.00%, which is greater than GGLL's maximum drawdown of -52.81%. Use the drawdown chart below to compare losses from any high point for SRTY and GGLL.

Drawdown Indicators

	SRTY	GGLL	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-52.81%	-47.19%
Max Drawdown (1Y) Largest decline over 1 year	-67.43%	-38.39%	-29.04%
Max Drawdown (3Y) Largest decline over 3 years	-89.67%	-52.81%	-36.86%
Max Drawdown (5Y) Largest decline over 5 years	-92.04%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.70%	—	—
Current Drawdown Current decline from peak	-100.00%	-22.68%	-77.32%
Average Drawdown Average peak-to-trough decline	-94.16%	-15.35%	-78.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.94%	13.19%	+30.75%

Volatility

SRTY vs. GGLL - Volatility Comparison

The current volatility for ProShares UltraPro Short Russell2000 (SRTY) is 11.79%, while Direxion Daily GOOGL Bull 2X Shares (GGLL) has a volatility of 19.22%. This indicates that SRTY 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

	SRTY	GGLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.79%	19.22%	-7.43%
Volatility (6M) Calculated over the trailing 6-month period	42.69%	43.59%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	58.23%	59.86%	-1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.52%	56.23%	+11.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.25%	56.23%	+12.02%

SRTY vs. GGLL - Expense Ratio Comparison

SRTY has a 0.95% expense ratio, which is lower than GGLL's 0.96% expense ratio.

Dividends

SRTY vs. GGLL - Dividend Comparison

SRTY's dividend yield for the trailing twelve months is around 8.40%, more than GGLL's 4.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GGLL Direxion Daily GOOGL Bull 2X Shares	4.12%	4.16%	3.29%	2.05%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%
SRTY ProShares UltraPro Short Russell2000	8.40%	6.87%	9.40%	4.93%	0.17%	0.00%	0.95%	2.13%	0.70%	0.04%

Frequently Asked Questions

Can I hold both SRTY and GGLL in my portfolio?

SRTY 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, SRTY or GGLL?

GGLL has higher volatility (19.22%) compared to SRTY (11.79%). In terms of maximum drawdown, SRTY dropped -100.00% vs GGLL's -52.81%.

Which ETF is better, SRTY or GGLL?

On 3-year performance, GGLL leads with 64.81% vs -43.61% for SRTY. On fees, SRTY is cheaper at 0.95% per year. On volatility, SRTY has been the lower-risk option at 11.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SRTY or GGLL?

Over the 3-year period, GGLL has performed better with a 64.81% return vs -43.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SRTY or GGLL?

SRTY is cheaper with a 0.95% expense ratio, compared with 0.96% for GGLL.

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

SRTY has the higher dividend yield at 8.40%, compared with 4.12% for GGLL.

What is the main difference between SRTY and GGLL?

SRTY tracks Russell 2000 Index (-300%), while GGLL tracks Alphabet Inc. Class A (200%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for SRTY and 0.96% for GGLL.

Which has better risk-adjusted returns?

GGLL currently has the higher Sharpe Ratio (3.84 vs -1.06), 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.