Direxion Daily GOOGL Bear 1X ETF
$58.86+1.87 (+3.29%)
- Expense ratio
- 1.20%
- Fund size
- $13M
- 1Y return
- −31.5%
- Yield · Last 12 months
- 3.66%
- Holdings
- 7
- Volume · 30D
- 0.9M sh
- NAV per share
- $57.99
- 52W range
The ETF.net GGLS Grade
Score 74 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 75Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 88Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 59Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 69Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 71Category rank
Our read on GGLS
AThe short side of Google, in ETF form. GGLS aims for 100% of the daily opposite of Alphabet's Class A shares: inverse, but unlevered. One of Direxion's original single-stock bear funds, launched in 2022.
The fund seeks daily investment results equal to 100% of the inverse of the performance of Alphabet Inc. Class A shares, before fees and expenses.
Why people hold it
- Straight inverse, no amplifier. It targets 100% of the opposite of GOOGL's daily move, so a bearish view here doesn't arrive with 2x or 3x attached.direxion.com
- Expense ratio of 1.20%, in the same band Direxion charges on its other 1x single-stock bear funds such as AAPD and MSFD.
- Hitting the daily target is the strong suit: it has tracked the one-day inverse of GOOGL tightly, one of the sturdier implementations among inverse single-stock funds.
- Launched in the September 2022 batch that first brought bull and bear single-stock ETFs on Google, Amazon and Microsoft to US investors, so it has a multi-year live record.prnewswire.com
Worth knowing
- The objective resets daily. Hold longer and compounding takes over, so multi-day results can drift from the simple inverse of GOOGL, most of all when the stock is choppy.direxion.com
- One stock, zero diversification. An Alphabet earnings night or a single AI headline is the whole story here.direxion.com
- It trades every session, but this is a small, niche fund next to the household-name inverse products, so spreads and order type carry more weight.
GGLS Holdings
- Other
- 7
- 2637%
- DREYFUS GOVT CASH MAN INS
GGLS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GGLS |
|---|---|
| Year to date | −14.3% |
| 1 month | −1.9% |
| 3 months | −2.2% |
| 1 year | −31.5% |
| 3 years | −30.3% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GGLS |
|---|---|---|
| 2026 YTD | −14.3% | |
| 2025 | −42.6% | |
| 2024 | −26.4% | |
| 2023 | −37.7% | |
| 2022 | +19.4% |
GGLS in the news
ETF.net Research hasn’t filed on GGLS yet — coverage lands here as it’s written.
GGLS Dividends
- 3.66%
- $2.09
- $0.38 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 22, 2026 | Pays Sep 29, 2026 | $0.38 |
| Jun 23, 2026 | Jun 30, 2026 | $0.33 |
| Mar 24, 2026 | Mar 31, 2026 | $0.53 |
| Dec 23, 2025 | Dec 31, 2025 | $0.64 |
| Sep 23, 2025 | Sep 30, 2025 | $0.21 |
| Jun 24, 2025 | Jul 1, 2025 | $1.46 |
| Mar 25, 2025 | Apr 1, 2025 | $0.99 |
| Dec 23, 2024 | Dec 31, 2024 | $1.19 |
| Sep 24, 2024 | Oct 1, 2024 | $1.24 |
| Jun 25, 2024 | Jul 2, 2024 | $2.02 |
| Mar 19, 2024 | Mar 26, 2024 | $0.79 |
| Dec 21, 2023 | Dec 29, 2023 | $1.91 |
GGLS Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 29.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −1.13
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −81.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −1.12
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GGLS Cost
- The middle half of Single-Stock Inverse funds
- Median 1.35%
14 of the 43 Single-Stock Inverse funds charge less.