GGLS vs. MSFY
GGLS (Direxion Daily GOOGL Bear 1X Shares) and MSFY (Kurv Yield Premium Strategy Microsoft ETF) are both exchange-traded funds - GGLS is a Inverse Equities fund tracking the Alphabet Inc. Class A (--100%), while MSFY is a Derivative Income fund actively managed by Kurv. GGLS is passively managed, while MSFY is actively managed. Over the past year, GGLS returned -49.74% vs -13.97% for MSFY. Their -0.41 correlation means they have often moved in opposite directions in the past. GGLS charges 1.09%/yr vs 1.00%/yr for MSFY.
Performance
GGLS vs. MSFY - Performance Comparison
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Returns By Period
In the year-to-date period, GGLS achieves a -15.28% return, which is significantly lower than MSFY's -10.88% return.
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%
MSFY
- 1D
- 1.87%
- 1M
- 15.01%
- 6M
- 1.96%
- YTD
- -10.88%
- 1Y
- -13.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.63M | $30.47M | $64.01M | |
| $248.37K | $216.41K | $271.72K |
GGLS vs. MSFY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GGLS Direxion Daily GOOGL Bear 1X Shares | -15.28% | -42.64% | -26.50% | -7.03% |
MSFY Kurv Yield Premium Strategy Microsoft ETF | -10.88% | 14.11% | 10.88% | 2.57% |
Correlation
The correlation between GGLS and MSFY is -0.20, 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. | -0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023 | -0.41 |
Over the past year, the inverse relationship between GGLS and MSFY has weakened: their correlation has moved from -0.41 to -0.20, meaning they move in opposite directions less often than they have historically.
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Return for Risk
GGLS vs. MSFY — Risk / Return Rank
GGLS
MSFY
GGLS vs. MSFY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bear 1X Shares (GGLS) and Kurv Yield Premium Strategy Microsoft ETF (MSFY). 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 | MSFY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 0.71 | 0.94 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | -0.42 | -0.48 |
| Martin ratioReturn relative to average drawdown | -1.24 | -0.77 | -0.47 |
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Drawdowns
GGLS vs. MSFY - Drawdown Comparison
The maximum GGLS drawdown since its inception was -81.24%, which is greater than MSFY's maximum drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for GGLS and MSFY.
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Drawdown Indicators
| GGLS | MSFY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.24% | -35.65% | -45.59% |
Max Drawdown (1Y)Largest decline over 1 year | -54.69% | -35.65% | -19.04% |
Max Drawdown (3Y)Largest decline over 3 years | -71.64% | — | — |
Current DrawdownCurrent decline from peak | -79.19% | -17.66% | -61.53% |
Average DrawdownAverage peak-to-trough decline | -48.12% | -8.42% | -39.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.40% | 19.11% | +20.29% |
Volatility
GGLS vs. MSFY - Volatility Comparison
The current volatility for Direxion Daily GOOGL Bear 1X Shares (GGLS) is 13.05%, while Kurv Yield Premium Strategy Microsoft ETF (MSFY) has a volatility of 14.33%. This indicates that GGLS experiences smaller price fluctuations and is considered to be less risky than MSFY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGLS | MSFY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.05% | 14.33% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 25.50% | 27.28% | -1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.21% | 32.55% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.69% | 24.55% | +7.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.69% | 24.55% | +7.14% |
GGLS vs. MSFY - Expense Ratio Comparison
GGLS has a 1.09% expense ratio, which is higher than MSFY's 1.00% expense ratio.
Dividends
GGLS vs. MSFY - Dividend Comparison
GGLS's dividend yield for the trailing twelve months is around 3.01%, less than MSFY's 23.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GGLS Direxion Daily GOOGL Bear 1X Shares | 3.01% | 4.87% | 4.31% | 5.80% | 0.20% |
MSFY Kurv Yield Premium Strategy Microsoft ETF | 23.50% | 18.56% | 14.35% | 1.94% | 0.00% |
Frequently Asked Questions
GGLS and MSFY have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFY has higher volatility (14.33%) compared to GGLS (13.05%). In terms of maximum drawdown, GGLS dropped -81.24% vs MSFY's -35.65%.
On 1-year performance, MSFY leads with -13.97% vs -49.74% for GGLS. On fees, MSFY is cheaper at 1.00% per year. On volatility, GGLS has been the lower-risk option at 13.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MSFY has performed better with a -13.97% return vs -49.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MSFY is cheaper with a 1.00% expense ratio, compared with 1.09% for GGLS.
MSFY has the higher dividend yield at 23.50%, compared with 3.01% for GGLS.
GGLS is categorized as Inverse Equities, while MSFY is Derivative Income. They also come from different issuers: Direxion and Kurv. Their fees differ too: 1.09% for GGLS and 1.00% for MSFY.
MSFY currently has the higher Sharpe Ratio (-0.46 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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