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GGLS vs TSDD

Direxion Daily GOOGL Bear 1X ETF

GGLSANasdaq

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Overlap

Expense ratio

TSDD −0.04pt a year

GGLS1.02%TSDD0.98%

Avg volume · 30D

TSDD 11.8×the volume

GGLS929KTSDD11M

3Y return · a year

GGLS +48.9pt

GGLS−26.4%TSDD−75.3%

GGLS vs TSDD Performance

Oct 31, 2025 – Oct 30, 2026

−5.6%GGLS−24.7%TSDD

Oct 31, 2025 to Oct 30, 2026. GGLS −5.6%. TSDD −24.7%. Use the arrow keys to read each point.20%40%Oct 2025Apr 2026Oct 2026
Expense ratio
GGLS 1.02%
TSDD 0.98%, better
Fund size
GGLS $21M
TSDD $31M
1Y total return
GGLS −5.6%, better
TSDD −24.7%
Yield (12M)
GGLS 2.67%
TSDD 10.55%, better
Holdings
GGLS 3
TSDD 1
Avg volume (30D)
GGLS 929K sh
TSDD 11M sh, better
NAV per share
GGLS $69.40
TSDD $6.07
52W range

ETF.net Grade

GGLS: Cost 78, Risk 66, Mission 90, Tradability 65, Holdings not scored, Durability 74. TSDD: Cost 94, Risk 49, Mission 98, Tradability 81, Holdings not scored, Durability 72.
Pillar letters and Scores for GGLS, TSDD, with each pillar’s weight
PillarGGLSTSDD
Cost30% weightA78A94Higher
Mission25% weightA90A98Higher
Risk15% weightB66HigherC49
Tradability15% weightB65A81Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA74HigherA72

Rank among Single-Stock Inverse funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. GGLS and TSDD are both graded against the same 43 Single-Stock Inverse funds, so their Grades compare head to head.

Single-Stock Inverse⁠

Category · 43 funds
See all 43 ›

TSDD ranks 2nd and GGLS 8th of 43 funds in the Single-Stock Inverse Category.

  1. Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 86
  2. Rank 2ATSDDGraniteShares 2x Short TSLA Daily ETFScore 84
  3. Rank 3ASKHZLeverage Shares 1X Short SK Hynix Daily ETFScore 81
  4. Rank 7AAVSDirexion Daily AVGO Bear 1X SharesScore 79
  5. Rank 8AGGLSDirexion Daily GOOGL Bear 1X ETFScore 77
  6. Rank 8AMSFDDirexion Daily MSFT Bear 1X ETFScore 77

Our read on each fund

ETF.net Research

GGLSADirexion Daily GOOGL Bear 1X ETF

TSDDAGraniteShares 2x Short TSLA Daily ETF

In short

GGLS GGLS 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.

TSDD Tesla bears pick their dosage; this is the double. TSDD aims for -2x TSLA's move each day, reset daily, at 0.95% net of a waiver through December 31, 2026. Designed as a short-term tool, not a buy-and-forget holding.

Stated mandate

GGLS 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.

TSDD The fund seeks daily results before fees and expenses equal to negative 200% of the daily percentage change in Tesla's common stock. It is designed as a short-term inverse leveraged vehicle.

Why people hold it

  • GGLS 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.
  • TSDD 0.95% net of a waiver through December 31, 2026 (1.13% gross) undercuts fellow 2x short Tesla fund TSLZ at 1.05% and matches 1x bear TSLS at 0.95%, for double the daily exposure.
  • Hews closely to its stated -2x daily target, one of the tighter implementations among single-stock bear funds.
  • Heavily traded for an inverse single-stock fund, so getting in and out is rarely a chore.
  • A 1940 Act ETF that uses swaps and options on TSLA to sit near 200% short at each close: no margin account or stock borrow on your end.graniteshares.com

Worth knowing

  • GGLS 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
  • TSDD The -2x target resets every day. Hold longer and compounding pulls results away from -2x TSLA's cumulative move, in either direction.graniteshares.com
  • One stock, geared twice: a sharp TSLA rally bites just as hard in reverse. Risk is the highest-octane part of this package.
  • A small fund, and the fee waiver runs through December 31, 2026; after that costs can step up toward the 1.13% gross level.

Full GGLS profile⁠

Full TSDD profile⁠

GGLS vs TSDD Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GGLS vs TSDD Cost

Overpaying GGLS vs TSDD

$650

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

  • GGLS 1.02%

    $19,012

  • TSDD 0.98%

    $18,362

$10,000
30 years

Cost over time

  • GGLS 1.02%
  • TSDD 0.98%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530GGLS $19,012TSDD $18,362

Year by year

YearGGLSTSDDOverpaying
10$1,797$1,729$68
20$6,746$6,504$242
30$19,012$18,362$650

Expense ratio

  • 1.02%GGLS
  • 0.98%TSDD, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSDD 5th cheapest of 43 funds

GGLS 12th cheapest of 43 funds

GGLS vs TSDD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
GGLS 2.67%
TSDD 10.55%, better
Payout (12M)
GGLS $1.88
TSDD $0.65
Last payment
GGLS $0.38
TSDD $0.65
Ex-dividend
GGLS Sep 22, 2026
TSDD Dec 29, 2025
Paid on
GGLS Sep 29, 2026
TSDD Dec 31, 2025
Frequency
GGLS Quarterly
TSDD Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

GGLSQuarterly · 16 paymentsAll GGLS payments⁠
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.$0$5020232026YTD
TSDDIrregular · 2 paymentsAll TSDD payments⁠
One bar per payment. 2 payments from 2022 to 2026 YTD. Dec 27, 2023 $77.34; Dec 29, 2025 $0.65. Use the arrow keys to read each point.$0$5020232026YTD

GGLS vs TSDD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GGLS 31.8%, betterTSDD 100.6%
Return per unit of riskSharpe ratio, 3 years
GGLS −0.93TSDD −0.87, better
Worst fallMax drawdown, 5 years
GGLS −81.3%since Sep 2022TSDD −99.1%since Aug 2023
Market sensitivityBeta, 5 years
GGLS −1.16TSDD −2.40

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