Data as of .
GGLS vs GOOX: which held to its multiple?
Over three months against its own daily promise, GGLS finished 1.4 points over and GOOX 2.8 points short.
ETFIQ Decay Resistance Score: GGLS scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 121 inverse ETFs 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 | |||
|---|---|---|---|---|---|---|
| GGLS | GOOX | GGLS | GOOX | GGLS | GOOX | |
| 1 month | +1.6% | −4.7% | +1.4% | −2.8% | +0.1 pts | −1.9 pts |
| 3 months | +4.3% | −17.0% | +5.8% | −11.7% | −1.6 pts | −5.3 pts |
| 6 months | −14.0% | +10.5% | −12.1% | +24.2% | −1.9 pts | −13.7 pts |
| 1 year | −32.4% | +59.1% | −41.2% | +82.4% | +8.8 pts | −23.3 pts |
| 3 years | −63.5% | not published | not meaningful | not published | not meaningful | not published |
| Since launch | −72.0% | +221.6% | not meaningful | not meaningful | not meaningful | not meaningful |
| GGLS Direxion Daily GOOGL Bear 1X ETF Aims to return 1 times the opposite of the daily move of Alphabet (GOOGL) | GOOX T-REX 2X LONG ALPHABET DAILY TARGET ETF Aims to return twice the daily move of Alphabet (GOOGL) | |
|---|---|---|
| Issuer | Direxion | T-REX |
| Sets out to return | -1x | +2x |
| On | GOOGL | GOOGL |
| Segment | company | company |
| Fund returned, 3 months | +4.3% | −17.0% |
| Underlying returned, 3 months | −5.8% | −5.8% |
| What the stated multiple implies, 3 months | +5.8% | −11.7% |
| Difference from stated, 3 months | −1.6 pts | −5.3 pts |
| Fund returned, 1 year or since launch | −32.4% | +59.1% |
| Difference from stated, over that window | +8.8 pts | −23.3 pts |
| Underlying volatility | 36% | 36% |
| Difference over the days both have traded | no shared window | −1.9 pts |
| Expense ratio | not published | 1.05% |
| Launched | Sep 7, 2022 | Jan 11, 2024 |
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 one day it does that. 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. 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.
GOOX in plain words
Three months to Sep 11, 2026: GOOX returned −17.0% where its own daily promise gave −14.2%, 2.8 points short. Read the multiple against the whole window instead and +2 times GOOGL's −5.8% implies −11.7%, which makes GOOX look 5.3 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. GOOX aims to return +2 times GOOGL's move each day, then resets. 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.
Questions people ask
- Which came closer to its stated multiple, GGLS or GOOX?
- Over the window to Sep 11, 2026, GGLS finished 1.6 points from what its multiple implies and GOOX finished 5.3 points from its own, so GGLS came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are GGLS and GOOX levered on the same thing?
- Yes. Both are levered on Alphabet, GGLS at -1 times and GOOX at +2 times the daily move.
- Which one decays faster, GGLS or GOOX?
- Decay follows how much the underlying moves about. Over this window GGLS’s moved at 36% annualized and GOOX’s at 36%, so GGLS has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold GGLS or GOOX 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, GGLS against GOOX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/GGLS-GOOX Free to use with attribution; the underlying files are at Open data.