FBL vs GGLL
GraniteShares 2x Long META Daily ETF vs Direxion Daily GOOGL Bull 2X ETF
Which is better, FBL or GGLL?
Each has led over a different period.
GGLL has a lower expense ratio. FBL led over the full window, GGLL over 1Y and 3Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FBL | GGLL |
|---|---|---|
| Expense Ratio | 1.09% | 0.99%Best |
| AUM | $191M | $1.2B |
| Dividend Yield | 2.12% | 4.64% |
| Holdings | 4 | 11 |
| YTD Return | +3.39% | +4.90%Best |
| 1Y Return | -17.03% | +65.42%Best |
| 3Y Return (annualized) | +34.23% | +51.93%Best |
| Volatility (annualized) | 67.9% | 61.2%Best |
| Max Drawdown | -63.2% | -52.8%Best |
| $10,000 over 3.8 years | $91,553Best | $55,785 |
| Fund Family | GraniteShares | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Leveraged Equity | Trading-Leveraged Equity |
| Inception | Dec 13, 2022 | Sep 7, 2022 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Dec 13, 2022 to Oct 14, 2026 (3.8 years).
FBL vs GGLL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.8 years both funds cover.
FBL vs GGLL Performance
GraniteShares 2x Long META Daily ETF (FBL) is an ETF from GraniteShares and Direxion Daily GOOGL Bull 2X ETF (GGLL) is an ETF from Direxion Shares ETF Trust. Over the past year FBL returned -17.03% while GGLL returned +65.42%. Year to date, FBL is up 3.39% versus a gain of 4.90% for GGLL.
Over three years, FBL compounded at +34.23% per year against +51.93% for GGLL. Across the full 4-year window we track, FBL has the edge at +79.09% annualized vs +57.20%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FBL has been the more volatile fund, with annualized monthly volatility of 67.9% compared with 61.2% for GGLL. 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 -63.2% for FBL and -52.8% for GGLL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.20. They move largely independently of each other.
Fees and Cost Over Time
FBL charges 1.09% per year while GGLL charges 0.99%. On a $10,000 position that is $109 vs $99 annually, a gap of $10 per year that compounds over a long holding period. On income, FBL currently yields 2.12% against 4.64% for GGLL.
You are not choosing between two funds in isolation.
Whichever of FBL and GGLL you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FBL or GGLL?
FBL has an expense ratio of 1.09% while GGLL charges 0.99%. GGLL is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, FBL or GGLL?
Over the past year FBL returned -17.03% vs +65.42% for GGLL, so GGLL leads on 1-year performance. Over the longest common window we track (4 years), FBL annualized +79.09% vs +57.20% for GGLL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FBL or GGLL?
FBL has been the more volatile fund at 67.9% annualized versus 61.2% for GGLL. Worst drawdown: FBL -63.2% vs GGLL -52.8%.
Should I hold both FBL and GGLL?
FBL and GGLL have a monthly-return correlation of 0.20, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FBL or GGLL?
FBL yields 2.12% while GGLL yields 4.64%, so GGLL currently pays the higher dividend yield.
Is GGLL better than FBL?
GGLL has a lower expense ratio. FBL led over the full window, GGLL over 1Y and 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.