GGLS vs. PLTZ
GGLS (Direxion Daily GOOGL Bear 1X Shares) and PLTZ (Defiance Daily Target 2X Short PLTR ETF) are both Inverse Equities funds. GGLS is passively managed, while PLTZ is actively managed. At a 0.21 correlation, their price movements are largely independent. GGLS charges 1.09%/yr vs 1.29%/yr for PLTZ.
Performance
GGLS vs. PLTZ - 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 PLTZ's 4.28% return.
GGLS
- 1D
- 0.70%
- 1M
- 6.67%
- YTD
- -14.40%
- 6M
- -12.57%
- 1Y
- -55.43%
- 3Y*
- -31.29%
- 5Y*
- —
- 10Y*
- —
PLTZ
- 1D
- 13.03%
- 1M
- -4.65%
- YTD
- 4.28%
- 6M
- -1.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GGLS vs. PLTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GGLS Direxion Daily GOOGL Bear 1X Shares | -14.40% | -45.56% |
PLTZ Defiance Daily Target 2X Short PLTR ETF | 4.28% | -64.39% |
Correlation
The correlation between GGLS and PLTZ is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025 | 0.21 |
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Return for Risk
GGLS vs. PLTZ — Risk / Return Rank
GGLS
PLTZ
GGLS vs. PLTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bear 1X Shares (GGLS) and Defiance Daily Target 2X Short PLTR ETF (PLTZ). 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 | PLTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.63 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | — | — |
| Martin ratioReturn relative to average drawdown | -1.35 | — | — |
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 | PLTZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.91 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.95 | -0.62 | -0.33 |
Drawdowns
GGLS vs. PLTZ - Drawdown Comparison
The maximum GGLS drawdown since its inception was -81.24%, which is greater than PLTZ's maximum drawdown of -70.28%. Use the drawdown chart below to compare losses from any high point for GGLS and PLTZ.
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Drawdown Indicators
| GGLS | PLTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.24% | -70.28% | -10.96% |
Max Drawdown (1Y)Largest decline over 1 year | -60.43% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -73.06% | — | — |
Current DrawdownCurrent decline from peak | -78.97% | -62.87% | -16.10% |
Average DrawdownAverage peak-to-trough decline | -46.86% | -52.02% | +5.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.18% | — | — |
Volatility
GGLS vs. PLTZ - Volatility Comparison
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Volatility by Period
| GGLS | PLTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.19% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 21.23% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.17% | 101.99% | -72.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.27% | 101.99% | -70.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.27% | 101.99% | -70.72% |
GGLS vs. PLTZ - Expense Ratio Comparison
GGLS has a 1.09% expense ratio, which is lower than PLTZ's 1.29% expense ratio.
Dividends
GGLS vs. PLTZ - Dividend Comparison
GGLS's dividend yield for the trailing twelve months is around 4.93%, while PLTZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GGLS Direxion Daily GOOGL Bear 1X Shares | 4.93% | 4.87% | 4.31% | 5.80% | 0.20% |
PLTZ Defiance Daily Target 2X Short PLTR ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GGLS and PLTZ have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GGLS is cheaper at 1.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GGLS is cheaper with a 1.09% expense ratio, compared with 1.29% for PLTZ.
GGLS has the higher dividend yield at 4.93%, compared with 0.00% for PLTZ.
They also come from different issuers: Direxion and Defiance. Their fees differ too: 1.09% for GGLS and 1.29% for PLTZ.
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