# GGLS (Direxion Daily GOOGL Bear 1X ETF)

Direxion · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: GGLS returned +3.2% where its own daily promise gave +2.0%, 1.2 points over.

## Key facts

- GGLS, what GOOGL did: −4.7%, as of Sep 30, 2026.
- GGLS, what −1 times a day gives: +2.0%, as of Sep 30, 2026.
- GGLS, what the fund returned: +3.2%, as of Sep 30, 2026.
- GGLS, the fund itself added: +1.2 pts, as of Sep 30, 2026.
- GGLS, net assets: $13m (issuer page, as of Sep 30, 2026).
- GGLS, expense ratio: 1.02% (485BPOS XBRL, Feb 26, 2026).

## GGLS over each window to Sep 30, 2026

| Window | Fund | GOOGL | -1x the move | Difference | GOOGL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −1.6% | +1.5% | −1.5% | −0.1 pts | 24% |
| 3 months | +3.2% | −4.7% | +4.7% | −1.5 pts | 34% |
| 6 months | −16.5% | +15.8% | −15.8% | −0.6 pts | 35% |
| 1 year | −32.9% | +41.9% | −41.9% | +9.0 pts | 32% |
| 3 years | −65.5% | +165.5% | not meaningful over this window | not meaningful over this window | 31% |
| Since launch | −72.5% | +217.4% | 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 | GOOGL moved −4.7% over this window, too little to read a multiple from | ETFIQ |
| Underlying | GOOGL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $13m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 1.02% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Sep 7, 2022 | ETFIQ |
| Underlying volatility over the window | 34% annualized | ETFIQ |

## Questions

### Did GGLS return -1 times GOOGL?

Over the window to Sep 30, 2026, GOOGL moved −4.7% and GGLS returned +3.2%. −1 times that move is +4.7%, so the fund came out 1.5 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 30, 2026. https://etfiq.com/funds/ggls
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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