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GLL vs QQQD

ProShares UltraShort Gold

GLLCNYSE Arca

Direxion Daily Magnificent 7 Bear 1X ETF

QQQDCNYSE Arca

Overlap

Expense ratio

QQQD −0.45pt a year

GLL0.95%QQQD0.50%

Avg volume · 30D

GLL 37.4×the volume

GLL2.55MQQQD68.1K

GLL vs QQQD Performance

Oct 31, 2025 – Oct 30, 2026

−5.6%GLL−0.7%QQQD

Oct 31, 2025 to Oct 30, 2026. GLL −5.6%. QQQD −0.7%. Use the arrow keys to read each point.−40%−20%20%Oct 2025Apr 2026Oct 2026
Expense ratio
GLL 0.95%
QQQD 0.50%, better
Fund size
GLL $111M
QQQD $28M
1Y total return
GLL −5.6%
QQQD −0.7%, better
Yield (12M)
GLL No data
QQQD 3.35%
Holdings
GLL 1
QQQD 3
Avg volume (30D)
GLL 2.55M sh, better
QQQD 68.1K sh
NAV per share
GLL $28.57
QQQD $12.18
52W range

ETF.net Grade

GLL: Cost 50, Risk 31, Mission not scored, Tradability 56, Holdings not scored, Durability 67. QQQD: Cost 50, Risk 67, Mission not scored, Tradability 43, Holdings not scored, Durability 38.
Pillar letters and Scores for GLL, QQQD, with each pillar’s weight
PillarGLLQQQD
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightD31B67Higher
Tradability15% weightB56HigherC43
Holdings10% weightNot scoredNot scored
Durability5% weightB67HigherD38

Rank among Leveraged Inverse (2x & Other) funds

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

Same Category. GLL and QQQD are both graded against the same 53 Leveraged Inverse (2x & Other) funds, so their Grades compare head to head.

Leveraged Inverse (2x & Other)⁠

Category · 53 funds
See all 53 ›

QQQD ranks 21st and GLL 24th of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 21CEFZProShares Short MSCI EAFEScore 51
  2. Rank 21CQQQDDirexion Daily Magnificent 7 Bear 1X ETFScore 51
  3. Rank 23CZSLProShares UltraShort SilverScore 50
  4. Rank 24CGLLProShares UltraShort GoldScore 48
  5. Rank 25CETHDProShares UltraShort Ether ETFScore 47

Our read on each fund

ETF.net Research

GLLCProShares UltraShort Gold

QQQDCDirexion Daily Magnificent 7 Bear 1X ETF

In short

GLL Short gold, with the volume knob turned to two. GLL aims for -2x the daily move of the Bloomberg Gold Subindex, it has been running since 2008, and it charges less than the typical leveraged-bear fund.

QQQD Fading the Magnificent 7 without a leverage multiplier: QQQD aims for -100% of the Indxx Magnificent 7 Index's daily move, one-for-one, at 0.50% net of a waiver through September 1, 2027.

Stated mandate

GLL GLL seeks daily results equal to -2 times the daily performance of the Bloomberg Gold Subindex, before fees and expenses.

QQQD The fund seeks daily investment results equal to 100% of the inverse performance of the Indxx Magnificent 7 Index, before fees and expenses.

Why people hold it

  • GLL One job, stated plainly: -2 times the daily move of the Bloomberg Gold Subindex. No discretion, no stock picking, no wondering what is under the hood.
  • A 0.95% expense ratio undercuts the median leveraged-bear fund by a wide margin. Nothing is cheap in this aisle, but within the cohort the fee is a real edge.
  • Live since 2008, so it has traded through gold's booms and busts. Few inverse commodity funds have that much road behind them.
  • Actively traded in a corner of the market where plenty of products are thin, and one of the stronger implementations among leveraged-bear funds.
  • QQQD One-for-one inverse, not 2x or 3x. A 1% index gain is designed to show up as roughly a 1% fund loss that day, and the reverse on down days, with no leverage stacked on top.direxion.com
  • 0.50% net of a waiver through September 1, 2027, below the category median and below the 0.95% at PSQ and DOG (net of waivers through September 30, 2027).
  • Surgical target: the short exposure is to the Magnificent 7 basket itself, not a broad Nasdaq index where those seven names get diluted by dozens of others.direxion.com
  • Despite launching in 2024, it stands in the upper half of a crowded bear and inverse peer group.

Worth knowing

  • GLL The leverage resets every day. Hold longer and choppy gold prices can leave results well away from -2x the index's move over that stretch.
  • It cuts both ways. A gold rally lands on this fund at roughly double force on a daily basis.
  • Structured as a commodity pool tracking a futures-based gold index, not a stock fund, and it has not been paying distributions. A trading tool, not an income holding.
  • QQQD Exposure resets every day. Hold longer than a day and compounding means the result can drift from the simple inverse of the index's move over that stretch.direxion.com
  • Seven mega-caps drive everything. One earnings surprise or one AI headline can move the whole basket, with no other holdings to soften it.direxion.com
  • That 0.50% is a net figure. Gross expenses run 1.08%, so the cost picture shifts if the waiver is not extended past September 1, 2027.

Full GLL profile⁠

Full QQQD profile⁠

GLL vs QQQD 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.

GLL vs QQQD Cost

Overpaying GLL vs QQQD

$7,890

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

  • GLL 0.95%

    $17,869

  • QQQD 0.50%

    $9,979

$10,000
30 years

Cost over time

  • GLL 0.95%
  • QQQD 0.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530GLL $17,869QQQD $9,979

Year by year

YearGLLQQQDOverpaying
10$1,678$900$778
20$6,322$3,460$2,862
30$17,869$9,979$7,890

Expense ratio

  • 0.95%GLL
  • 0.50%QQQD, cheaper
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

QQQD cheapest of 53 funds

GLL 6th cheapest of 53 funds

GLL vs QQQD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
GLL No data
QQQD 3.35%
Payout (12M)
GLL None
QQQD $0.41
Last payment
GLL No data
QQQD $0.10
Ex-dividend
GLL No data
QQQD Sep 22, 2026
Paid on
GLL No data
QQQD Sep 29, 2026
Frequency
GLL No data
QQQD Quarterly

Distribution history

Per share, 2024 to 2026, same scale for both

GLLAll GLL payments⁠

No distribution history available.

QQQDQuarterly · 10 paymentsAll QQQD payments⁠
One bar per payment. 10 payments from 2024 to 2026 YTD. Jun 25, 2024 $0.32; Sep 24, 2024 $0.41; Dec 23, 2024 $0.15; Mar 25, 2025 $0.13; Jun 24, 2025 $0.20; Sep 23, 2025 $0.08; Dec 23, 2025 $0.15; Mar 24, 2026 $0.08; Jun 23, 2026 $0.09; Sep 22, 2026 $0.10. Use the arrow keys to read each point.$0$0.252026YTD

GLL vs QQQD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GLL 38.2%QQQD 21.1%since Apr 2024
Return per unit of riskSharpe ratio, 3 years
GLL −1.10QQQD −1.14since Apr 2024
Worst fallMax drawdown, 5 years
GLL −89.8%QQQD −51.4%since Mar 2024
Market sensitivityBeta, 5 years
GLL −0.63QQQD −1.35

GLL and QQQD in the news

All news⁠

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