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 Quality Factor 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 24.44% vs -49.74% for GGLS. Their -0.61 correlation means they have often moved in opposite directions in the past. AQLT charges 0.20%/yr vs 1.09%/yr for GGLS.
Performance
AQLT vs. GGLS - Performance Comparison
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Returns By Period
In the year-to-date period, AQLT achieves a 11.10% return, which is significantly higher than GGLS's -15.28% return.
AQLT
- 1D
- 0.44%
- 1M
- -1.06%
- 6M
- 6.58%
- YTD
- 11.10%
- 1Y
- 24.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.38%
GGLS
- 1D
- -6.84%
- 1M
- -0.19%
- 6M
- -8.54%
- YTD
- -15.28%
- 1Y
- -49.74%
- 3Y*
- -30.29%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -28.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $848.28K | $1.29M | $1.17M | |
| $8.63M | $30.47M | $64.01M |
AQLT vs. GGLS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AQLT iShares MSCI Global Quality Factor ETF | 11.10% | 17.65% | -3.38% |
GGLS Direxion Daily GOOGL Bear 1X Shares | -15.28% | -42.64% | 3.11% |
Correlation
The correlation between AQLT and GGLS is -0.58, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.58 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024 | -0.61 |
The correlation between AQLT and GGLS has been stable across timeframes, ranging from -0.61 to -0.58 - a consistent structural relationship.
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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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AQLT | GGLS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.15 | ||
| Sortino ratioReturn per unit of downside risk | +4.67 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.71 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | -0.90 | +3.08 |
| Martin ratioReturn relative to average drawdown | 9.54 | -1.24 | +10.78 |
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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.
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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% | -54.69% | +44.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -71.64% | — |
Current DrawdownCurrent decline from peak | -1.75% | -79.19% | +77.44% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -48.12% | +45.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 39.40% | -36.96% |
Volatility
AQLT vs. GGLS - Volatility Comparison
The current volatility for iShares MSCI Global Quality Factor ETF (AQLT) is 3.44%, while Direxion Daily GOOGL Bear 1X Shares (GGLS) has a volatility of 13.05%. 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.
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Volatility by Period
| AQLT | GGLS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 13.05% | -9.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 25.50% | -13.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.36% | 32.21% | -17.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.88% | 31.69% | -14.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.88% | 31.69% | -14.81% |
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 1.00%, less than GGLS's 3.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AQLT iShares MSCI Global Quality Factor ETF | 1.00% | 1.05% | 0.02% | 0.00% | 0.00% |
GGLS Direxion Daily GOOGL Bear 1X Shares | 3.01% | 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 (13.05%) compared to AQLT (3.44%). In terms of maximum drawdown, AQLT dropped -16.84% vs GGLS's -81.24%.
On 1-year performance, AQLT leads with 24.44% vs -49.74% for GGLS. On fees, AQLT is cheaper at 0.20% per year. On volatility, AQLT has been the lower-risk option at 3.44%. 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 24.44% return vs -49.74%. 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 3.01%, compared with 1.00% for AQLT.
AQLT is categorized as Quality Factor, 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 (1.62 vs -1.53), 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.
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