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GGLS vs TSLS

Direxion Daily GOOGL Bear 1X ETF

GGLSANasdaq

Direxion Daily TSLA Bear 1X ETF

TSLSANasdaq

Overlap

Expense ratio

TSLS −0.07pt a year

GGLS1.02%TSLS0.95%

Avg volume · 30D

GGLS 2.3×the volume

GGLS929KTSLS410K

3Y return · a year

GGLS +12.1pt

GGLS−26.4%TSLS−38.5%

GGLS vs TSLS Performance

Oct 31, 2025 – Oct 30, 2026

−5.6%GGLS+1.0%TSLS

Oct 31, 2025 to Oct 30, 2026. GGLS −5.6%. TSLS +1.0%. Use the arrow keys to read each point.−20%20%40%Oct 2025Apr 2026Oct 2026
Expense ratio
GGLS 1.02%
TSLS 0.95%, better
Fund size
GGLS $21M
TSLS $39M
1Y total return
GGLS −5.6%
TSLS +1.0%, better
Yield (12M)
GGLS 2.67%
TSLS 3.11%, better
Holdings
GGLS 3
TSLS 4
Avg volume (30D)
GGLS 929K sh, better
TSLS 410K sh
NAV per share
GGLS $69.40
TSLS $50.04
52W range

ETF.net Grade

GGLS: Cost 78, Risk 66, Mission 90, Tradability 65, Holdings not scored, Durability 74. TSLS: Cost 97, Risk 75, Mission 87, Tradability 45, Holdings not scored, Durability 82.
Pillar letters and Scores for GGLS, TSLS, with each pillar’s weight
PillarGGLSTSLS
Cost30% weightA78A97Higher
Mission25% weightA90HigherA87
Risk15% weightB66A75Higher
Tradability15% weightB65HigherC45
Holdings10% weightNot scoredNot scored
Durability5% weightA74A82Higher

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 TSLS 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 ›

TSLS ranks 3rd 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 3ATSLSDirexion Daily TSLA Bear 1X ETFScore 81
  5. Rank 5AAMZDDirexion Daily AMZN Bear 1X ETFScore 80
  6. Rank 7AAVSDirexion Daily AVGO Bear 1X SharesScore 79
  7. Rank 8AGGLSDirexion Daily GOOGL Bear 1X ETFScore 77
  8. Rank 8AMSFDDirexion Daily MSFT Bear 1X ETFScore 77

Our read on each fund

ETF.net Research

GGLSADirexion Daily GOOGL Bear 1X ETF

TSLSADirexion Daily TSLA Bear 1X 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.

TSLS The plain short on Tesla: TSLS aims for -1x the stock's daily move, with no leverage stacked on top. Among the small group of Tesla bear funds, it is the cheapest, and the one that dials risk down rather than up.

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.

TSLS The Fund seeks daily inverse investment results by maintaining short exposure to TSLA of approximately -100% of its net assets and generally rebalancing that exposure each trading day.

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.
  • TSLS Cheapest of the Tesla short funds at 0.95%, undercutting TSDD (1.13%) and TSLZ (1.05%), and running well below the typical inverse single-stock ETF.
  • Inverse, not leveraged inverse. One unit of short Tesla exposure per dollar, which keeps daily compounding drag milder than the -2x versions of the same trade.direxion.com
  • Trading since 2022 and one of the stronger implementations in the inverse single-stock crowd, with enough daily volume to make in-and-out trading practical.

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
  • TSLS Exposure resets every trading day. Over any stretch longer than a day, Tesla's volatility compounds and results can drift well away from -1x the stock's move.direxion.com
  • Direxion calls it a short-term trading vehicle that is not appropriate for investors who will not actively monitor it.sec.gov
  • One company, one story. An earnings print, a product event or a headline about its CEO moves the whole position.

Full GGLS profile⁠

Full TSLS profile⁠

GGLS vs TSLS 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 TSLS Cost

Overpaying GGLS vs TSLS

$1,143

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

  • GGLS 1.02%

    $19,012

  • TSLS 0.95%

    $17,869

$10,000
30 years

Cost over time

  • GGLS 1.02%
  • TSLS 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530GGLS $19,012TSLS $17,869

Year by year

YearGGLSTSLSOverpaying
10$1,797$1,678$119
20$6,746$6,322$424
30$19,012$17,869$1,143

Expense ratio

  • 1.02%GGLS
  • 0.95%TSLS, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSLS 2nd cheapest of 43 funds

GGLS 12th cheapest of 43 funds

GGLS vs TSLS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
GGLS 2.67%
TSLS 3.11%, better
Payout (12M)
GGLS $1.88
TSLS $1.57
Last payment
GGLS $0.38
TSLS $0.40
Ex-dividend
GGLS Sep 22, 2026
TSLS Sep 22, 2026
Paid on
GGLS Sep 29, 2026
TSLS Sep 29, 2026
Frequency
GGLS Quarterly
TSLS Quarterly

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$1020232026YTD
TSLSQuarterly · 18 paymentsAll TSLS payments⁠
One bar per payment. 18 payments from 2022 to 2026 YTD. Sep 20, 2022 $0.23; Dec 8, 2022 $16.19; Dec 20, 2022 $0.56; Mar 21, 2023 $2.55; Jun 21, 2023 $1.86; Sep 19, 2023 $1.80; Dec 21, 2023 $2.29; Mar 19, 2024 $2.40; Jun 25, 2024 $1.68; Sep 24, 2024 $1.39; Dec 23, 2024 $0.66; Mar 25, 2025 $0.76; Jun 24, 2025 $0.53; Sep 23, 2025 $0.40; Dec 23, 2025 $0.49; Mar 24, 2026 $0.34; Jun 23, 2026 $0.34; Sep 22, 2026 $0.40. Use the arrow keys to read each point.$0$1020232026YTD

GGLS vs TSLS 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%, betterTSLS 51.7%
Return per unit of riskSharpe ratio, 3 years
GGLS −0.93TSLS −0.76, better
Worst fallMax drawdown, 5 years
GGLS −81.3%since Sep 2022TSLS −90.7%since Aug 2022
Market sensitivityBeta, 5 years
GGLS −1.16TSLS −1.41

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