GGLS vs. CARD
Compare and contrast key facts about Direxion Daily GOOGL Bear 1X Shares (GGLS) and Max Auto Industry -3X Inverse Leveraged ETN (CARD).
GGLS and CARD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GGLS is a passively managed fund by Direxion that tracks the performance of the Alphabet Inc. Class A (--100%). It was launched on Sep 6, 2022. CARD is a passively managed fund by Max that tracks the performance of the Prime Auto Industry Index - Benchmark TR Net (--300%). It was launched on Jun 27, 2023. Both GGLS and CARD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GGLS vs. CARD - Performance Comparison
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GGLS vs. CARD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GGLS Direxion Daily GOOGL Bear 1X Shares | 4.62% | -42.64% | -26.50% | -13.50% |
CARD Max Auto Industry -3X Inverse Leveraged ETN | 24.67% | -60.21% | -58.19% | -30.38% |
Returns By Period
In the year-to-date period, GGLS achieves a 4.62% return, which is significantly lower than CARD's 24.67% return.
GGLS
- 1D
- -3.43%
- 1M
- 2.50%
- YTD
- 4.62%
- 6M
- -18.92%
- 1Y
- -49.61%
- 3Y*
- -30.87%
- 5Y*
- —
- 10Y*
- —
CARD
- 1D
- -1.85%
- 1M
- 12.54%
- YTD
- 24.67%
- 6M
- 27.27%
- 1Y
- -53.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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GGLS vs. CARD - Expense Ratio Comparison
GGLS has a 1.09% expense ratio, which is higher than CARD's 0.95% expense ratio.
Return for Risk
GGLS vs. CARD — Risk / Return Rank
GGLS
CARD
GGLS vs. CARD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bear 1X Shares (GGLS) and Max Auto Industry -3X Inverse Leveraged ETN (CARD). 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.
| GGLS | CARD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.62 | -0.65 | -0.98 |
Sortino ratioReturn per unit of downside risk | -2.54 | -0.66 | -1.89 |
Omega ratioGain probability vs. loss probability | 0.70 | 0.92 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.71 | -0.13 |
Martin ratioReturn relative to average drawdown | -1.21 | -0.84 | -0.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GGLS | CARD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.62 | -0.65 | -0.98 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.87 | -0.63 | -0.24 |
Correlation
The correlation between GGLS and CARD is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GGLS vs. CARD - Dividend Comparison
GGLS's dividend yield for the trailing twelve months is around 4.03%, while CARD has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GGLS Direxion Daily GOOGL Bear 1X Shares | 4.03% | 4.87% | 4.31% | 5.80% | 0.20% |
CARD Max Auto Industry -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GGLS vs. CARD - Drawdown Comparison
The maximum GGLS drawdown since its inception was -77.57%, smaller than the maximum CARD drawdown of -93.51%. Use the drawdown chart below to compare losses from any high point for GGLS and CARD.
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Drawdown Indicators
| GGLS | CARD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.57% | -93.51% | +15.94% |
Max Drawdown (1Y)Largest decline over 1 year | -59.41% | -77.41% | +18.00% |
Current DrawdownCurrent decline from peak | -74.30% | -90.63% | +16.33% |
Average DrawdownAverage peak-to-trough decline | -45.32% | -66.65% | +21.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.63% | 65.69% | -24.06% |
Volatility
GGLS vs. CARD - Volatility Comparison
The current volatility for Direxion Daily GOOGL Bear 1X Shares (GGLS) is 10.01%, while Max Auto Industry -3X Inverse Leveraged ETN (CARD) has a volatility of 24.83%. This indicates that GGLS experiences smaller price fluctuations and is considered to be less risky than CARD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGLS | CARD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.01% | 24.83% | -14.82% |
Volatility (6M)Calculated over the trailing 6-month period | 20.33% | 52.66% | -32.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.66% | 82.45% | -51.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.04% | 80.91% | -49.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.04% | 80.91% | -49.87% |