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 Global Equities fund tracking the MSCI ACWI Quality Index (Net). Both are passively managed. Over the past year, GGLS returned -54.25% vs 25.81% for AQLT. At a correlation of -0.62, they often move in opposite directions. 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 -11.68% return, which is significantly lower than AQLT's 9.98% return.
GGLS
- 1D
- 0.73%
- 1M
- 9.96%
- YTD
- -11.68%
- 6M
- -11.22%
- 1Y
- -54.25%
- 3Y*
- -31.05%
- 5Y*
- —
- 10Y*
- —
AQLT
- 1D
- -1.93%
- 1M
- -1.43%
- YTD
- 9.98%
- 6M
- 9.31%
- 1Y
- 25.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GGLS vs. AQLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GGLS Direxion Daily GOOGL Bear 1X Shares | -11.68% | -42.64% | 3.11% |
AQLT iShares MSCI Global Quality Factor ETF | 9.98% | 17.65% | -3.38% |
Correlation
The correlation between GGLS and AQLT is -0.57, 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 | -0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024 | -0.62 |
The correlation between GGLS and AQLT has been stable across timeframes, ranging from -0.62 to -0.57 - 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 | -3.68 | ||
| Sortino ratioReturn per unit of downside risk | -5.54 | ||
| Omega ratioGain probability vs. loss probability | 0.64 | 1.33 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 2.43 | -3.33 |
| Martin ratioReturn relative to average drawdown | -1.28 | 10.79 | -12.06 |
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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 | -60.00% | -10.68% | -49.32% |
Max Drawdown (3Y)Largest decline over 3 years | -73.06% | — | — |
Current DrawdownCurrent decline from peak | -78.30% | -2.57% | -75.73% |
Average DrawdownAverage peak-to-trough decline | -47.25% | -2.31% | -44.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.10% | 2.40% | +40.70% |
Volatility
GGLS vs. AQLT - Volatility Comparison
Direxion Daily GOOGL Bear 1X Shares (GGLS) has a higher volatility of 9.55% compared to iShares MSCI Global Quality Factor ETF (AQLT) at 5.33%. 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 | 9.55% | 5.33% | +4.22% |
Volatility (6M)Calculated over the trailing 6-month period | 21.99% | 11.78% | +10.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.65% | 14.09% | +15.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.32% | 17.18% | +14.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.32% | 17.18% | +14.14% |
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 5.36%, more than AQLT's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AQLT iShares MSCI Global Quality Factor ETF | 1.01% | 1.05% | 0.02% | 0.00% | 0.00% |
GGLS Direxion Daily GOOGL Bear 1X Shares | 2.89% | 4.87% | 4.31% | 5.80% | 0.20% |
Frequently Asked Questions
GGLS and AQLT have a correlation of -0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGLS has higher volatility (9.55%) compared to AQLT (5.33%). In terms of maximum drawdown, GGLS dropped -81.24% vs AQLT's -16.84%.
On 1-year performance, AQLT leads with 25.81% vs -54.25% for GGLS. On fees, AQLT is cheaper at 0.20% per year. On volatility, AQLT has been the lower-risk option at 5.33%. 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 25.81% return vs -54.25%. 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 5.36%, compared with 1.01% for AQLT.
GGLS is categorized as Inverse Equities, while AQLT is Global Equities. 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 (1.84 vs -1.84), 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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