GGLL vs SPY
Direxion Daily GOOGL Bull 2X ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GGLL delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GGLL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.96% | 0.09% | |
| AUM | $976M | $821.1B | |
| Dividend Yield | 3.96% | 1.01% | |
| Holdings | 11 | 505 | |
| YTD Return | +5.32% | +12.68% | |
| 1Y Return | +144.38% | +21.82% | |
| 3Y Return (annualized) | +57.27% | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 61.7% | 15.3% | |
| Max Drawdown | -52.8% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Sep 7, 2022 | Jan 22, 1993 |
GGLL vs SPY Performance
Direxion Daily GOOGL Bull 2X ETF (GGLL) is a ETF from Direxion Shares ETF Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GGLL returned +144.38% while SPY returned +21.82%. Year to date, GGLL is up 5.32% versus a gain of 12.68% for SPY.
Over three years, GGLL compounded at +57.27% per year against +21.98% for SPY. Across the full 4-year window we track, GGLL has the edge at +46.22% annualized vs +8.81%. 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 15.3% for SPY. 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 SPY. 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GGLL charges 0.96% per year while SPY charges 0.09%. On a $10,000 position that is $96 vs $9 annually, a gap of $87 per year that compounds over a long holding period. On income, GGLL currently yields 3.96% against 1.01% for SPY.
Holdings Overlap
GGLL and SPY share 1 holdings out of 508 unique holdings combined, representing a 3.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GGLL | Weight in SPY | Difference |
|---|---|---|---|
| GOOGL | 13.41% | 3.33% | 10.08% |
Frequently Asked Questions
Which is cheaper, GGLL or SPY?
GGLL has an expense ratio of 0.96% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $87 per year of difference.
Which performed better, GGLL or SPY?
Over the past year GGLL returned +144.38% vs +21.82% for SPY, so GGLL leads on 1-year performance. Over the longest common window we track (4 years), GGLL annualized +46.22% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, GGLL or SPY?
GGLL has been the more volatile fund at 61.7% annualized versus 15.3% for SPY. Worst drawdown: GGLL -52.8% vs SPY -56.5%.
Should I hold both GGLL and SPY?
GGLL and SPY have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GGLL and SPY?
GGLL and SPY share 1 common holdings with a 3.3% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, GGLL or SPY?
GGLL yields 3.96% while SPY yields 1.01%, so GGLL currently pays the higher dividend yield.
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