GGLS vs. AQLT
GGLS (Direxion Daily GOOGL Bear 1X Shares) and AQLT (iShares MSCI Global Quality Factor ETF) are both exchange-traded funds - GGLS is a Inverse Equities fund tracking the Alphabet Inc. Class A (--100%), while AQLT is a Quality Factor fund tracking the MSCI ACWI Quality Index (Net). Both are passively managed. Over the past year, GGLS returned -52.10% vs 25.78% for AQLT. Their -0.61 correlation means they have often moved in opposite directions in the past. GGLS charges 1.09%/yr vs 0.20%/yr for AQLT.
Performance
GGLS vs. AQLT - Performance Comparison
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Returns By Period
In the year-to-date period, GGLS achieves a -19.25% return, which is significantly lower than AQLT's 12.30% return.
GGLS
- 1D
- -4.69%
- 1M
- -4.87%
- 6M
- -11.56%
- YTD
- -19.25%
- 1Y
- -52.10%
- 3Y*
- -31.99%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -29.63%
AQLT
- 1D
- 1.08%
- 1M
- 0.00%
- 6M
- 6.93%
- YTD
- 12.30%
- 1Y
- 25.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $836.86K | $1.18M | $1.18M | |
| $9.37M | $27.43M | $62.55M |
GGLS vs. AQLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GGLS Direxion Daily GOOGL Bear 1X Shares | -19.25% | -42.64% | 3.11% |
AQLT iShares MSCI Global Quality Factor ETF | 12.30% | 17.65% | -3.38% |
Correlation
The correlation between GGLS and AQLT 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 GGLS and AQLT has been stable across timeframes, ranging from -0.61 to -0.58 - a consistent structural relationship.
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Return for Risk
GGLS vs. AQLT — Risk / Return Rank
GGLS
AQLT
GGLS vs. AQLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bear 1X Shares (GGLS) and iShares MSCI Global Quality Factor ETF (AQLT). 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.
| GGLS | AQLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.42 | ||
| Sortino ratioReturn per unit of downside risk | -5.09 | ||
| Omega ratioGain probability vs. loss probability | 0.68 | 1.32 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 2.42 | -3.40 |
| Martin ratioReturn relative to average drawdown | -1.38 | 10.59 | -11.96 |
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Drawdowns
GGLS vs. AQLT - Drawdown Comparison
The maximum GGLS drawdown since its inception was -81.24%, which is greater than AQLT's maximum drawdown of -16.84%. Use the drawdown chart below to compare losses from any high point for GGLS and AQLT.
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Drawdown Indicators
| GGLS | AQLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.24% | -16.84% | -64.40% |
Max Drawdown (1Y)Largest decline over 1 year | -53.32% | -10.68% | -42.64% |
Max Drawdown (3Y)Largest decline over 3 years | -71.64% | — | — |
Current DrawdownCurrent decline from peak | -80.16% | -0.70% | -79.46% |
Average DrawdownAverage peak-to-trough decline | -48.15% | -2.25% | -45.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.54% | 2.44% | +37.10% |
Volatility
GGLS vs. AQLT - Volatility Comparison
Direxion Daily GOOGL Bear 1X Shares (GGLS) has a higher volatility of 13.90% compared to iShares MSCI Global Quality Factor ETF (AQLT) at 3.62%. This indicates that GGLS's price experiences larger fluctuations and is considered to be riskier than AQLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGLS | AQLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.90% | 3.62% | +10.28% |
Volatility (6M)Calculated over the trailing 6-month period | 25.93% | 12.03% | +13.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.43% | 14.37% | +18.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.76% | 16.88% | +14.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.76% | 16.88% | +14.88% |
GGLS vs. AQLT - Expense Ratio Comparison
GGLS has a 1.09% expense ratio, which is higher than AQLT's 0.20% expense ratio.
Dividends
GGLS vs. AQLT - Dividend Comparison
GGLS's dividend yield for the trailing twelve months is around 3.16%, more than AQLT's 0.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AQLT iShares MSCI Global Quality Factor ETF | 0.99% | 1.05% | 0.02% | 0.00% | 0.00% |
GGLS Direxion Daily GOOGL Bear 1X Shares | 3.16% | 4.87% | 4.31% | 5.80% | 0.20% |
Frequently Asked Questions
GGLS and AQLT 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 (13.90%) compared to AQLT (3.62%). In terms of maximum drawdown, GGLS dropped -81.24% vs AQLT's -16.84%.
On 1-year performance, AQLT leads with 25.78% vs -52.10% for GGLS. On fees, AQLT is cheaper at 0.20% per year. On volatility, AQLT has been the lower-risk option at 3.62%. 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 25.78% return vs -52.10%. 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 3.16%, compared with 0.99% for AQLT.
GGLS is categorized as Inverse Equities, while AQLT is Quality Factor. GGLS tracks Alphabet Inc. Class A (--100%), while AQLT tracks MSCI ACWI Quality Index (Net). They also come from different issuers: Direxion and iShares. Their fees differ too: 1.09% for GGLS and 0.20% for AQLT.
AQLT currently has the higher Sharpe Ratio (1.80 vs -1.61), 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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