AQLT vs. GGLS
AQLT (iShares MSCI Global Quality Factor ETF) and GGLS (Direxion Daily GOOGL Bear 1X Shares) are both exchange-traded funds - AQLT is a Global Equities fund tracking the MSCI ACWI Quality Index (Net), while GGLS is a Inverse Equities fund tracking the Alphabet Inc. Class A (--100%). Both are passively managed. Over the past year, AQLT returned 29.00% vs -55.43% for GGLS. At a correlation of -0.63, they often move in opposite directions. AQLT charges 0.20%/yr vs 1.09%/yr for GGLS.
Performance
AQLT vs. GGLS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AQLT achieves a 12.40% return, which is significantly higher than GGLS's -14.40% return.
AQLT
- 1D
- -0.37%
- 1M
- 4.34%
- YTD
- 12.40%
- 6M
- 12.67%
- 1Y
- 29.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GGLS
- 1D
- 0.70%
- 1M
- 6.67%
- YTD
- -14.40%
- 6M
- -12.57%
- 1Y
- -55.43%
- 3Y*
- -31.29%
- 5Y*
- —
- 10Y*
- —
AQLT vs. GGLS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AQLT iShares MSCI Global Quality Factor ETF | 12.40% | 17.65% | -3.14% |
GGLS Direxion Daily GOOGL Bear 1X Shares | -14.40% | -42.64% | 1.32% |
Correlation
The correlation between AQLT and GGLS is -0.58, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.58 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024 | -0.63 |
The correlation between AQLT and GGLS has been stable across timeframes, ranging from -0.63 to -0.58 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AQLT vs. GGLS — Risk / Return Rank
AQLT
GGLS
AQLT vs. GGLS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Quality Factor ETF (AQLT) and Direxion Daily GOOGL Bear 1X Shares (GGLS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AQLT | GGLS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.09 | ||
| Sortino ratioReturn per unit of downside risk | +6.15 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.63 | +0.76 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | -0.92 | +3.65 |
| Martin ratioReturn relative to average drawdown | 12.25 | -1.35 | +13.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AQLT | GGLS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | -1.91 | +4.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | -0.95 | +2.04 |
Drawdowns
AQLT vs. GGLS - Drawdown Comparison
The maximum AQLT drawdown since its inception was -16.84%, smaller than the maximum GGLS drawdown of -81.24%. Use the drawdown chart below to compare losses from any high point for AQLT and GGLS.
Loading charts...
Drawdown Indicators
| AQLT | GGLS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.84% | -81.24% | +64.40% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -60.43% | +49.75% |
Max Drawdown (3Y)Largest decline over 3 years | — | -73.06% | — |
Current DrawdownCurrent decline from peak | -0.37% | -78.97% | +78.60% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -46.86% | +44.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 41.18% | -38.81% |
Volatility
AQLT vs. GGLS - Volatility Comparison
The current volatility for iShares MSCI Global Quality Factor ETF (AQLT) is 3.54%, while Direxion Daily GOOGL Bear 1X Shares (GGLS) has a volatility of 8.19%. This indicates that AQLT experiences smaller price fluctuations and is considered to be less risky than GGLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AQLT | GGLS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 8.19% | -4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 21.23% | -10.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 29.17% | -15.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 31.27% | -14.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 31.27% | -14.28% |
AQLT vs. GGLS - Expense Ratio Comparison
AQLT has a 0.20% expense ratio, which is lower than GGLS's 1.09% expense ratio.
Dividends
AQLT vs. GGLS - Dividend Comparison
AQLT's dividend yield for the trailing twelve months is around 0.93%, less than GGLS's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AQLT iShares MSCI Global Quality Factor ETF | 0.93% | 1.05% | 0.02% | 0.00% | 0.00% |
GGLS Direxion Daily GOOGL Bear 1X Shares | 4.93% | 4.87% | 4.31% | 5.80% | 0.20% |
Frequently Asked Questions
AQLT and GGLS have a correlation of -0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGLS has higher volatility (8.19%) compared to AQLT (3.54%). In terms of maximum drawdown, AQLT dropped -16.84% vs GGLS's -81.24%.
On 1-year performance, AQLT leads with 29.00% vs -55.43% for GGLS. On fees, AQLT is cheaper at 0.20% per year. On volatility, AQLT has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AQLT has performed better with a 29.00% return vs -55.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AQLT is cheaper with a 0.20% expense ratio, compared with 1.09% for GGLS.
GGLS has the higher dividend yield at 4.93%, compared with 0.93% for AQLT.
AQLT is categorized as Global Equities, while GGLS is Inverse Equities. AQLT tracks MSCI ACWI Quality Index (Net), while GGLS tracks Alphabet Inc. Class A (--100%). They also come from different issuers: iShares and Direxion. Their fees differ too: 0.20% for AQLT and 1.09% for GGLS.
AQLT currently has the higher Sharpe Ratio (2.18 vs -1.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AQLT and GGLS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer