GGLL +2x Direxion Shares ETF Trust Direxion Daily GOOGL Bull 2X ETF

GGLL

ETF +2x BULL standard
Direxion Shares ETF Trust Direxion Daily GOOGL Bull 2X ETF
Issuer: Direxion · Tracks: GOOGL · Listed: 2022-09-06
Implied AUM
$1.02B
Last Close
$109.30
20260720
30d Avg Vol
1,391,407
Options
available
Realized return vs theoretical +2x GOOGL
Other leveraged products tracking GOOGL
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
GOOX +2x BULL T-Rex T-Rex 2X Long Alphabet Daily Target ETF $50.3M 81,753
GOU +2x BULL GraniteShares GraniteShares 2x Long GOOGL Daily ETF $9.1M 61,069
GOOL +2x BULL Leverage Shares Leverage Shares 2X Long GOOGL Daily ETF $137389 9,796

How GGLL works

GGLL targets +2x the daily return of GOOGL — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.

Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.

  • Short-term tactical: daily and intraday holds are where these products were designed to live.
  • Premium selling: options on GGLL carry very rich IV — see the quote page for IV rank and straddle pricing.
  • Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.