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ETFs

Direxion Shares ETF Trust Direxion Daily GOOGL Bull 1.5X Shares

GGLL
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Sep 07 2022
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$2,544,171
AUM
$28,048,330
Associated Index
None
Inverse/Leveraged
Leveraged (1.5x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
DREYFUS GOVT CASH MAN INS
17.67%
n/a
GOLDMAN FINL SQ TRSRY INST 506
10.91%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
7.82%
n/a
DREYFUS TRSRY SECURITIES CASH MGMT
7.48%
Invest with GGLL

What is GGLL?

The Direxion Daily GOOGL Bull 1.5X Shares (the "Fund") seeks 150% daily leveraged investment results and is very different from most other exchange-traded funds. As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund's objective is to magnify the daily performance of the common shares of Alphabet Inc. Class A (NASDAQ: GOOGL) ("GOOGL"). The Fund seeks daily investment results, before fees and expenses, of 150% of the daily performance of GOOGL.

ETFs related toGGLL

ETFs correlated to GGLL include GAUG, XAUG, LGRO

GGLL
Direxion Shares ETF Trust - Direxion Daily GOOGL Bull 1.5X Shares
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
VOX
Vanguard Group, Inc. - Vanguard Communication Services ETF
FCOM
Fidelity Covington Trust - Fidelity MSCI Communication Services Index ETF
XLC
SSgA Active Trust - Communication Services Select Sector SPDR Fund
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
TCHP
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Blue Chip Growth ETF
TMFC
Rbb Fund Inc - Motley Fool 100 Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGGLL

#PTS

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Category

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Risk Rating

Aggressive

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Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with GGLL using Composer

FAQ

GGLL is a US Equities ETF. The Direxion Daily GOOGL Bull 1.5X Shares (the "Fund") seeks 150% daily leveraged investment results and is very different from most other exchange-traded funds. As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund's objective is to magnify the daily performance of the common shares of Alphabet Inc. Class A (NASDAQ: GOOGL) ("GOOGL"). The Fund seeks daily investment results, before fees and expenses, of 150% of the daily performance of GOOGL.

Yes, GGLL is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, GGLL is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GGLL is 0.0076%. This is the percent change in the value of GGLL over the most recent 1-month period. The 3-month return on GGLL is 0.1398%. This is the percent change in the value of GGLL over the most recent 3-month period.

The standard deviation of GGLL for the past year is 0.5085%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GGLL include TQQQ, SSO, and TNA.

ETFs correlated to GGLL include GAUG, XAUG, and LGRO.

ETFs that are inversely correlated to GGLL include QID, SQQQ, and PSQ.

Yes, GGLL is a Leveraged (1.5x) ETF.

Yes, GGLL is a Leveraged (1.5x) leveraged ETF.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.