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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)
$2,544,347
AUM
$21,347,290
Associated Index
Google Inc
Inverse/Leveraged
Leveraged (1.5x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
DREYFUS GOVT CASH MAN INS
16.43%
n/a
GOLDMAN FINL SQ TRSRY INST 506
12.19%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
8.25%
n/a
DREYFUS TRSRY SECURITIES CASH MGMT
6.08%
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 VOX, FCOM, XLC

GGLL
Direxion Shares ETF Trust - Direxion Daily GOOGL Bull 1.5X Shares
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
IXP
BlackRock Institutional Trust Company N.A. - iShares Global Comm Services ETF
IYW
BlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
ROM
ProShares Trust - ProShares Ultra Technology 2x Shares
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
TCHP
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Blue Chip Growth ETF
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 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

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

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.

GGLL tracks the Google Inc.

No, GGLL is not actively managed. It is passively 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.

Yes, GGLL is passively 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 0.2779%. This is the percent change in the value of GGLL over the most recent 1-month period. The 3-month return on GGLL is 0.5026%. This is the percent change in the value of GGLL over the most recent 3-month period.

ETFs similar to GGLL include GGLS, SDS, and QLD.

ETFs correlated to GGLL include VOX, FCOM, and XLC.

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

Yes, GGLL is a Leveraged (1.5x) ETF: This means that GGLL will try to match the performance of Google Inc, but with 1x the returns.

Yes, GGLL is a Leveraged (1.5x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Google Inc, but move 1x in the opposite direction.

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.