GGLL vs IVV
Direxion Daily GOOGL Bull 2X ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. GGLL delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | GGLL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.96% | 0.03% | |
| AUM | $976M | $907.0B | |
| Dividend Yield | 3.96% | 1.10% | |
| Holdings | 11 | 508 | |
| YTD Return | +6.08% | +14.29% | |
| 1Y Return | +138.12% | +21.79% | |
| 3Y Return (annualized) | +57.07% | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 61.7% | 15.1% | |
| Max Drawdown | -52.8% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 7, 2022 | May 15, 2000 |
GGLL vs IVV Performance
Direxion Daily GOOGL Bull 2X ETF (GGLL) is a ETF from Direxion Shares ETF Trust and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GGLL returned +138.12% while IVV returned +21.79%. Year to date, GGLL is up 6.08% versus a gain of 14.29% for IVV.
Over three years, GGLL compounded at +57.07% per year against +22.19% for IVV. Across the full 4-year window we track, GGLL has the edge at +46.75% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GGLL has been the more volatile fund, with annualized monthly volatility of 61.7% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -52.8% for GGLL and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GGLL charges 0.96% per year while IVV charges 0.03%. On a $10,000 position that is $96 vs $3 annually, a gap of $93 per year that compounds over a long holding period. On income, GGLL currently yields 3.96% against 1.10% for IVV.
Holdings Overlap
GGLL and IVV share 1 holdings out of 509 unique holdings combined, representing a 3.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GGLL | Weight in IVV | Difference |
|---|---|---|---|
| GOOGL | 13.41% | 3.15% | 10.26% |
Frequently Asked Questions
Which is cheaper, GGLL or IVV?
GGLL has an expense ratio of 0.96% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $93 per year of difference.
Which performed better, GGLL or IVV?
Over the past year GGLL returned +138.12% vs +21.79% for IVV, so GGLL leads on 1-year performance. Over the longest common window we track (4 years), GGLL annualized +46.75% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, GGLL or IVV?
GGLL has been the more volatile fund at 61.7% annualized versus 15.1% for IVV. Worst drawdown: GGLL -52.8% vs IVV -56.5%.
Should I hold both GGLL and IVV?
GGLL and IVV have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GGLL and IVV?
GGLL and IVV share 1 common holdings with a 3.1% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, GGLL or IVV?
GGLL yields 3.96% while IVV yields 1.10%, so GGLL currently pays the higher dividend yield.
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