GGLL vs QQQ
Direxion Daily GOOGL Bull 2X ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. GGLL delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | GGLL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.96% | 0.18% | |
| AUM | $976M | $496.3B | |
| Dividend Yield | 3.96% | 0.44% | |
| Holdings | 11 | 108 | |
| YTD Return | +5.32% | +16.64% | |
| 1Y Return | +144.38% | +27.27% | |
| 3Y Return (annualized) | +57.27% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 61.7% | 30.6% | |
| Max Drawdown | -52.8% | -83.0% | |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 7, 2022 | Mar 10, 1999 |
GGLL vs QQQ Performance
Direxion Daily GOOGL Bull 2X ETF (GGLL) is a ETF from Direxion Shares ETF Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GGLL returned +144.38% while QQQ returned +27.27%. Year to date, GGLL is up 5.32% versus a gain of 16.64% for QQQ.
Over three years, GGLL compounded at +57.27% per year against +25.96% for QQQ. Across the full 4-year window we track, GGLL has the edge at +46.22% annualized vs +13.03%. 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 30.6% for QQQ. 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 -83.0% for QQQ. 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GGLL charges 0.96% per year while QQQ charges 0.18%. On a $10,000 position that is $96 vs $18 annually, a gap of $78 per year that compounds over a long holding period. On income, GGLL currently yields 3.96% against 0.44% for QQQ.
Holdings Overlap
GGLL and QQQ share 1 holdings out of 106 unique holdings combined, representing a 3.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GGLL | Weight in QQQ | Difference |
|---|---|---|---|
| GOOGL | 13.41% | 3.36% | 10.05% |
Frequently Asked Questions
Which is cheaper, GGLL or QQQ?
GGLL has an expense ratio of 0.96% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $78 per year of difference.
Which performed better, GGLL or QQQ?
Over the past year GGLL returned +144.38% vs +27.27% for QQQ, so GGLL leads on 1-year performance. Over the longest common window we track (4 years), GGLL annualized +46.22% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, GGLL or QQQ?
GGLL has been the more volatile fund at 61.7% annualized versus 30.6% for QQQ. Worst drawdown: GGLL -52.8% vs QQQ -83.0%.
Should I hold both GGLL and QQQ?
GGLL and QQQ have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GGLL and QQQ?
GGLL and QQQ share 1 common holdings with a 3.4% weight overlap. Combined, they hold 106 unique securities.
Which pays a higher dividend, GGLL or QQQ?
GGLL yields 3.96% while QQQ yields 0.44%, so GGLL currently pays the higher dividend yield.
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