GGLS vs. EGUS
GGLS (Direxion Daily GOOGL Bear 1X Shares) and EGUS (Ishares ESG Aware MSCI USA Growth ETF) are both exchange-traded funds - GGLS is a Inverse Equities fund tracking the Alphabet Inc. Class A (--100%), while EGUS is a Large Cap Growth Equities fund tracking the MSCI USA Growth Extended ESG Focus Index. Both are passively managed. Over the past 3 years, GGLS returned -31.29%/yr vs 26.92%/yr for EGUS. At a correlation of -0.64, they often move in opposite directions. GGLS charges 1.09%/yr vs 0.18%/yr for EGUS.
Performance
GGLS vs. EGUS - Performance Comparison
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Returns By Period
In the year-to-date period, GGLS achieves a -14.40% return, which is significantly lower than EGUS's 12.08% return.
GGLS
- 1D
- 0.70%
- 1M
- 6.67%
- YTD
- -14.40%
- 6M
- -12.57%
- 1Y
- -55.43%
- 3Y*
- -31.29%
- 5Y*
- —
- 10Y*
- —
EGUS
- 1D
- -1.06%
- 1M
- 8.21%
- YTD
- 12.08%
- 6M
- 11.25%
- 1Y
- 32.26%
- 3Y*
- 26.92%
- 5Y*
- —
- 10Y*
- —
GGLS vs. EGUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GGLS Direxion Daily GOOGL Bear 1X Shares | -14.40% | -42.64% | -26.50% | -23.17% |
EGUS Ishares ESG Aware MSCI USA Growth ETF | 12.08% | 19.02% | 32.85% | 27.00% |
Correlation
The correlation between GGLS and EGUS is -0.54, 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 | -0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023 | -0.64 |
The correlation between GGLS and EGUS has been stable across timeframes, ranging from -0.64 to -0.54 - a consistent structural relationship.
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Return for Risk
GGLS vs. EGUS — Risk / Return Rank
GGLS
EGUS
GGLS vs. EGUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bear 1X Shares (GGLS) and Ishares ESG Aware MSCI USA Growth ETF (EGUS). 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 | EGUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.90 | ||
| Sortino ratioReturn per unit of downside risk | -5.71 | ||
| Omega ratioGain probability vs. loss probability | 0.63 | 1.34 | -0.71 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 2.07 | -2.99 |
| Martin ratioReturn relative to average drawdown | -1.35 | 7.03 | -8.37 |
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 | EGUS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.91 | 1.99 | -3.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.95 | 1.45 | -2.40 |
Drawdowns
GGLS vs. EGUS - Drawdown Comparison
The maximum GGLS drawdown since its inception was -81.24%, which is greater than EGUS's maximum drawdown of -24.87%. Use the drawdown chart below to compare losses from any high point for GGLS and EGUS.
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Drawdown Indicators
| GGLS | EGUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.24% | -24.87% | -56.37% |
Max Drawdown (1Y)Largest decline over 1 year | -60.43% | -15.66% | -44.77% |
Max Drawdown (3Y)Largest decline over 3 years | -73.06% | -24.87% | -48.19% |
Current DrawdownCurrent decline from peak | -78.97% | -1.06% | -77.91% |
Average DrawdownAverage peak-to-trough decline | -46.86% | -3.37% | -43.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.18% | 4.60% | +36.58% |
Volatility
GGLS vs. EGUS - Volatility Comparison
Direxion Daily GOOGL Bear 1X Shares (GGLS) has a higher volatility of 8.19% compared to Ishares ESG Aware MSCI USA Growth ETF (EGUS) at 3.98%. This indicates that GGLS's price experiences larger fluctuations and is considered to be riskier than EGUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGLS | EGUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.19% | 3.98% | +4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 21.23% | 12.67% | +8.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.17% | 16.34% | +12.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.27% | 19.15% | +12.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.27% | 19.15% | +12.12% |
GGLS vs. EGUS - Expense Ratio Comparison
GGLS has a 1.09% expense ratio, which is higher than EGUS's 0.18% expense ratio.
Dividends
GGLS vs. EGUS - Dividend Comparison
GGLS's dividend yield for the trailing twelve months is around 4.93%, more than EGUS's 0.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EGUS Ishares ESG Aware MSCI USA Growth ETF | 0.19% | 0.22% | 0.25% | 0.36% | 0.00% |
GGLS Direxion Daily GOOGL Bear 1X Shares | 4.93% | 4.87% | 4.31% | 5.80% | 0.20% |
Frequently Asked Questions
GGLS and EGUS have a correlation of -0.54, 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 EGUS (3.98%). In terms of maximum drawdown, GGLS dropped -81.24% vs EGUS's -24.87%.
On 3-year performance, EGUS leads with 26.92% vs -31.29% for GGLS. On fees, EGUS is cheaper at 0.18% per year. On volatility, EGUS has been the lower-risk option at 3.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EGUS has performed better with a 26.92% return vs -31.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EGUS is cheaper with a 0.18% expense ratio, compared with 1.09% for GGLS.
GGLS has the higher dividend yield at 4.93%, compared with 0.19% for EGUS.
GGLS is categorized as Inverse Equities, while EGUS is Large Cap Growth Equities. GGLS tracks Alphabet Inc. Class A (--100%), while EGUS tracks MSCI USA Growth Extended ESG Focus Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.09% for GGLS and 0.18% for EGUS.
EGUS currently has the higher Sharpe Ratio (1.99 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.
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