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Direxion Daily GOOGL Bear 1X ETF

GGLSNasdaqDirexionAThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$70.58+0.26 (+0.37%)

At close: Nov 2, 2026, 4:00 PM ET

A77/ 100

Rank 8 of 58 in Single-Stock Inverse

A77/100Rank 8 of 58inSingle-Stock Inverse
Intraday session: up, 79 prints from 70.32 to 70.58. Range 68.72 to 70.58. Use the arrow keys to read each point.69.0069.5070.0010 AM12 PM2 PM4 PM
Expense ratio
1.02%*
Fund size
$21M
1Y total return
−5.6%
Yield · Last 12 months
2.67%
Holdings
3
Avg volume · 30D
929K sh
52W range
low $50.65high $79.50
Launched

*After a fee waiver that ends Sep 1, 2027. Without it: 1.20%.

The ETF.net GGLS Grade

Based on 5 of 6 pillars

A

Score 77 out of 100

Category
Single-Stock Inverse⁠
Rank
8 of 58
Six-pillar profile for GGLS. Scores out of 100: Cost 78, Risk 66, Mission 90, Tradability 65, Holdings not scored, Durability 74. Strongest: Mission (90). Weakest: Tradability (65). Based on 5 of 6 pillars.

Score 77 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A78 out of 100
    Rank 10 of 58

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A90 out of 100
    Rank 20 of 32

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B66 out of 100
    Rank 10 of 54

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B65 out of 100
    Rank 15 of 58

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A74 out of 100
    Rank 4 of 58

Our read on GGLS

ETF.net Research

In short

AGGLS is the un-levered way to lean against Alphabet: -1x the stock's daily move, no margin account, no borrowed shares. Live since 2022, at 1.02% net of a waiver through September 1, 2027.

Stated mandate

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, not leveraged. It targets 100% of the opposite of Alphabet Class A's daily move, so taking the short side needs no margin account and no stock borrow.direxion.comdirexion.com 2
  • Day to day, it has stayed close to its stated -1x target, one of the tighter implementations among the dozens of single-stock bear funds on the market.
  • 1.02% net of a waiver through September 1, 2027 (1.20% gross), below the median fee in the single-stock inverse crowd, and it trades actively enough for short holding periods.

Worth knowing

  • The reset is daily. Over longer stretches your result comes from compounding each day's inverse move, which can drift from the simple inverse of Alphabet's move for that period.direxion.com
  • Some sibling bear 1X funds cost less: Direxion's TSLS at 0.95% and AAPD at 0.96%, and Leverage Shares' SKHZ at 0.75%.
  • It's a small fund whose entire outcome rides on one company's stock, delivered through derivatives rather than shares.direxion.com

GGLS Performance

Launched Sep 7, 2022

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
GGLS$9,437
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. GGLS $9,437. SPY $11,199. Use the arrow keys to read each point.$8,000$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for GGLS. Periods over one year show the average yearly return.
PeriodGGLS
Year to date+5.7%
1 month+21.1%
3 months+24.9%
1 year−5.6%
3 yearsper year−26.4%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GGLS
YearReturn barGGLS
2026 YTD+5.7%
2025−42.6%
2024−26.4%
2023−37.7%

GGLS in the news

GGLS Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
2.67%Last 12 months
Payout per share
$1.88Last 12 months
Last payment
$0.38 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2022–2026

One bar per payment. 16 payments from 2022 to 2026 YTD. Sep 20, 2022 $0.10; Mar 21, 2023 $2.25; Jun 21, 2023 $2.77; Sep 19, 2023 $3.06; Dec 21, 2023 $1.91; Mar 19, 2024 $0.79; Jun 25, 2024 $2.02; Sep 24, 2024 $1.24; Dec 23, 2024 $1.19; Mar 25, 2025 $0.99; Jun 24, 2025 $1.46; Sep 23, 2025 $0.21; Dec 23, 2025 $0.64; Mar 24, 2026 $0.53; Jun 23, 2026 $0.33; Sep 22, 2026 $0.38. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.38
Jun 23, 2026Jun 30, 2026$0.33
Mar 24, 2026Mar 31, 2026$0.53
Dec 23, 2025Dec 31, 2025$0.64
Sep 23, 2025Sep 30, 2025$0.21
Jun 24, 2025Jul 1, 2025$1.46
Mar 25, 2025Apr 1, 2025$0.99
Dec 23, 2024Dec 31, 2024$1.19
Sep 24, 2024Oct 1, 2024$1.24
Jun 25, 2024Jul 2, 2024$2.02
Mar 19, 2024Mar 26, 2024$0.79
Dec 21, 2023Dec 29, 2023$1.91

See all 18 payments⁠

$10,000 in GGLS 3 years ago paid $624 in dividends.⁠

GGLS Risk

Risk pillarB66 out of 100Rank 10 of 54 in Single-Stock Inverse

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.

How much the fund’s monthly returns vary, scaled to a year.
31.8%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
−0.93
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−81.3%
49 months · trough May 2026
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.

How strongly the fund’s returns move with its asset-class index.
−1.16
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

GGLS Cost

Compare GGLS and SKHZ

Overpaying vs SKHZ, cheapest in Single-Stock Inverse

$4,530

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GGLS 1.02%

    $19,012

  • SKHZ 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • GGLS 1.02%
  • SKHZ 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530GGLS $19,012SKHZ $14,482

Year by year

YearGGLSSKHZOverpaying
10$1,797$1,336$461
20$6,746$5,078$1,668
30$19,012$14,482$4,530
How the 1.02% is worked out

Full fee 1.20%− waiver 0.18%= you pay 1.02%

The waiver ends Sep 1, 2027. After that the fee is 1.20% unless Direxion renews it. Source: prospectus, Mar 2026.

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