# GGLS (Direxion Daily GOOGL Bear 1X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: GGLS returned +4.3% where its own daily promise gave +2.8%, 1.4 points over.

## Key facts

- GGLS, what GOOGL did: −5.8%, as of Sep 11, 2026.
- GGLS, what −1 times a day gives: +2.8%, as of Sep 11, 2026.
- GGLS, what the fund returned: +4.3%, as of Sep 11, 2026.
- GGLS, the fund itself added: +1.4 pts, as of Sep 11, 2026.
- GGLS, net assets: $18m (source, as filed for Apr 30, 2026).
- GGLS, expense ratio: not read by ETFIQ, as of Sep 11, 2026.

## GGLS over each window to Sep 11, 2026

| Window | Fund | GOOGL | -1x the move | Difference | GOOGL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +1.6% | −1.4% | +1.4% | +0.1 pts | 19% |
| 3 months | +4.3% | −5.8% | +5.8% | −1.6 pts | 36% |
| 6 months | −14.0% | +12.1% | −12.1% | −1.9 pts | 36% |
| 1 year | −32.4% | +41.2% | −41.2% | +8.8 pts | 32% |
| 3 years | −63.5% | +152.5% | not meaningful over this window | not meaningful over this window | 31% |
| Since launch | −72.0% | +212.2% | not meaningful over this window | not meaningful over this window | 32% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -1 times the daily move of GOOGL, reset daily | ETFIQ |
| Multiple a holder actually got over the window | -0.73 times, against -1 stated | ETFIQ |
| Underlying | GOOGL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $18m | source, as filed for Apr 30, 2026 |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Sep 7, 2022 | ETFIQ |
| Underlying volatility over the window | 36% annualized | ETFIQ |

## Questions

### Did GGLS return -1 times GOOGL?

Over the window to Sep 11, 2026, GOOGL moved −5.8% and GGLS returned +4.3%. 1 times that move is +5.8%, so the fund came out 1.6 points short of it.

### Why does GGLS not return -1 times over a year?

Because it resets daily. GGLS aims at -1 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -1 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, GGLS, data as of Sep 11, 2026. https://etfiq.com/funds/GGLS
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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