UPW vs. GGLL
Compare and contrast key facts about ProShares Ultra Utilities (UPW) and Direxion Daily GOOGL Bull 2X Shares (GGLL).
UPW and GGLL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPW is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Utilities Index (200%). It was launched on Jan 30, 2007. 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 UPW 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
UPW vs. GGLL - Performance Comparison
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UPW vs. GGLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UPW ProShares Ultra Utilities | 14.41% | 23.61% | 37.67% | -22.37% | -16.03% |
GGLL Direxion Daily GOOGL Bull 2X Shares | -18.90% | 123.07% | 48.88% | 81.20% | -30.35% |
Returns By Period
In the year-to-date period, UPW achieves a 14.41% return, which is significantly higher than GGLL's -18.90% return.
UPW
- 1D
- -0.37%
- 1M
- -7.21%
- YTD
- 14.41%
- 6M
- 9.25%
- 1Y
- 30.87%
- 3Y*
- 18.27%
- 5Y*
- 12.78%
- 10Y*
- 11.18%
GGLL
- 1D
- 10.22%
- 1M
- -16.24%
- YTD
- -18.90%
- 6M
- 28.40%
- 1Y
- 186.52%
- 3Y*
- 57.93%
- 5Y*
- —
- 10Y*
- —
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UPW vs. GGLL - Expense Ratio Comparison
UPW has a 0.95% expense ratio, which is lower than GGLL's 1.05% expense ratio.
Return for Risk
UPW vs. GGLL — Risk / Return Rank
UPW
GGLL
UPW vs. GGLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Utilities (UPW) 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.
| UPW | GGLL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 3.08 | -2.09 |
Sortino ratioReturn per unit of downside risk | 1.41 | 3.47 | -2.06 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.43 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 4.88 | -3.10 |
Martin ratioReturn relative to average drawdown | 4.17 | 18.04 | -13.87 |
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
| UPW | GGLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 3.08 | -2.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.75 | -0.48 |
Correlation
The correlation between UPW and GGLL is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
UPW vs. GGLL - Dividend Comparison
UPW's dividend yield for the trailing twelve months is around 1.40%, less than GGLL's 5.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPW ProShares Ultra Utilities | 1.40% | 1.67% | 1.83% | 2.40% | 1.55% | 1.30% | 0.83% | 0.83% | 1.98% | 1.51% | 1.70% | 2.16% |
GGLL Direxion Daily GOOGL Bull 2X Shares | 5.63% | 4.16% | 3.29% | 2.05% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UPW vs. GGLL - Drawdown Comparison
The maximum UPW drawdown since its inception was -77.75%, which is greater than GGLL's maximum drawdown of -52.81%. Use the drawdown chart below to compare losses from any high point for UPW and GGLL.
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Drawdown Indicators
| UPW | GGLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.75% | -52.81% | -24.94% |
Max Drawdown (1Y)Largest decline over 1 year | -18.93% | -38.39% | +19.46% |
Max Drawdown (5Y)Largest decline over 5 years | -49.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -62.67% | — | — |
Current DrawdownCurrent decline from peak | -7.21% | -32.09% | +24.88% |
Average DrawdownAverage peak-to-trough decline | -22.71% | -15.49% | -7.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.09% | 10.38% | -2.29% |
Volatility
UPW vs. GGLL - Volatility Comparison
The current volatility for ProShares Ultra Utilities (UPW) is 10.16%, while Direxion Daily GOOGL Bull 2X Shares (GGLL) has a volatility of 18.25%. This indicates that UPW 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
| UPW | GGLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.16% | 18.25% | -8.09% |
Volatility (6M)Calculated over the trailing 6-month period | 20.93% | 39.37% | -18.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.45% | 60.98% | -29.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.11% | 55.13% | -21.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.07% | 55.13% | -18.06% |