Data as of .
GGLL vs GGLS: which held to its multiple?
Over three months against its own daily promise, GGLL finished 2.2 points short and GGLS 1.4 points over.
ETFIQ Decay Resistance Score: GGLL scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| GGLL | GGLS | GGLL | GGLS | GGLL | GGLS | |
| 1 month | −4.0% | +1.6% | −2.8% | +1.4% | −1.2 pts | +0.1 pts |
| 3 months | −16.4% | +4.3% | −11.7% | +5.8% | −4.7 pts | −1.6 pts |
| 6 months | +12.4% | −14.0% | +24.2% | −12.1% | −11.9 pts | −1.9 pts |
| 1 year | +64.0% | −32.4% | +82.4% | −41.2% | −18.4 pts | +8.8 pts |
| 3 years | +245.9% | −63.5% | not meaningful | not meaningful | not meaningful | not meaningful |
| Since launch | +327.0% | −72.0% | not meaningful | not meaningful | not meaningful | not meaningful |
| GGLL Direxion Daily GOOGL Bull 2X ETF Aims to return twice the daily move of Alphabet (GOOGL) | GGLS Direxion Daily GOOGL Bear 1X ETF Aims to return 1 times the opposite of the daily move of Alphabet (GOOGL) | |
|---|---|---|
| Issuer | Direxion | Direxion |
| Sets out to return | +2x | -1x |
| On | GOOGL | GOOGL |
| Segment | company | company |
| Fund returned, 3 months | −16.4% | +4.3% |
| Underlying returned, 3 months | −5.8% | −5.8% |
| What the stated multiple implies, 3 months | −11.7% | +5.8% |
| Difference from stated, 3 months | −4.7 pts | −1.6 pts |
| Fund returned, 1 year or since launch | +64.0% | −32.4% |
| Difference from stated, over that window | −18.4 pts | +8.8 pts |
| Underlying volatility | 36% | 36% |
| Difference over the days both have traded | −1.2 pts | no shared window |
| Expense ratio | 0.96% | not published |
| Launched | Sep 7, 2022 | Sep 7, 2022 |
GGLL in plain words
Three months to Sep 11, 2026: GGLL returned −16.4% where its own daily promise gave −14.2%, 2.2 points short. Read the multiple against the whole window instead and +2 times GOOGL's −5.8% implies −11.7%, which makes GGLL look 4.7 points short. 2.5 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. GGLL aims to return +2 times GOOGL's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. GOOGL moved at 36% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
GGLS in plain words
Three months to Sep 11, 2026: GGLS returned +4.3% where its own daily promise gave +2.8%, 1.4 points over. Read the multiple against the whole window instead and −1 times GOOGL's −5.8% implies +5.8%, which makes GGLS look 1.6 points short. 3.0 of that is daily compounding, which happens to any −1 times fund over the same path, and the rest is the fund. GGLS aims to return -1 times GOOGL's move each day, then resets. Over longer, the daily results compound, so the total is not -1 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.
Questions people ask
- Which came closer to its stated multiple, GGLL or GGLS?
- Over the window to Sep 11, 2026, GGLL finished 4.7 points from what its multiple implies and GGLS finished 1.6 points from its own, so GGLS came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are GGLL and GGLS levered on the same thing?
- Yes. Both are levered on Alphabet, GGLL at +2 times and GGLS at -1 times the daily move.
- Which one decays faster, GGLL or GGLS?
- Decay follows how much the underlying moves about. Over this window GGLL’s moved at 36% annualized and GGLS’s at 36%, so GGLL has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold GGLL or GGLS for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, GGLL against GGLS, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/GGLL-GGLS Free to use with attribution; the underlying files are at Open data.