Direxion Daily GOOGL Bear 1X ETF
AThis 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.
$56.64−0.13 (−0.23%)
- 1.20%
- $12M
- −36.1%
- 3.30%
- 0.9M sh
- $56.94
- low $50.65high $90.30
The ETF.net GGLS Grade
A
Score 76 out of 100
- 9 of 58
Score 76 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.A75 out of 100Rank 15 of 58Mission
Whether the fund did what it promised, tested against its stated mandate.A92 out of 100Rank 19 of 32Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B59 out of 100Rank 14 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A71 out of 100Rank 12 of 58Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A72 out of 100Rank 5 of 58
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
- 3
- 762%
- 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.
Not enough history yet.Not enough history yet.
GGLS$6,386
Returns run to the Oct 12, 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 | −14.6% |
| 1 month | −4.0% |
| 3 months | −0.3% |
| 1 year | −36.1% |
| 3 years | −28.9% |
| 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 | −14.6% | |
| 2025 | −42.6% | |
| 2024 | −26.4% | |
| 2023 | −37.7% | |
| 2022 | +19.4% |
GGLS in the news
GGLS Dividends
- 3.30%
- $1.88
- $0.38 per share
- Quarterly
Distribution history
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.
- 29.0%
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.
- −1.21
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
1.20%
GGLS1.20%
- The middle half of Single-Stock Inverse funds
- Median 1.35%
14 of the 43 Single-Stock Inverse funds charge less.
Other funds in Single-Stock Inverse
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- ASKHZThemes ETF Trust - Leverage Shares 1X Short SK Hynix Daily ETFExpense ratio 0.75%1 year return —
- ATSLZT-REX 2X Inverse Tesla Daily Target ETFExpense ratio 1.05%1 year return −31.8%
- AMSTZT-REX 2X Inverse MSTR Daily Target ETFExpense ratio 1.05%1 year return −52.2%