GGLS vs. SOXS
GGLS (Direxion Daily GOOGL Bear 1X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - GGLS is a Inverse Equities fund tracking the Alphabet Inc. Class A (--100%), while SOXS is a Leveraged Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 3 years, GGLS returned -31.29%/yr vs -86.64%/yr for SOXS. At a 0.49 correlation, their price movements are largely independent. GGLS charges 1.09%/yr vs 1.08%/yr for SOXS.
Performance
GGLS vs. SOXS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GGLS achieves a -14.40% return, which is significantly higher than SOXS's -92.10% return.
GGLS
- 1D
- 0.70%
- 1M
- 6.67%
- YTD
- -14.40%
- 6M
- -12.57%
- 1Y
- -55.43%
- 3Y*
- -31.29%
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- -5.03%
- 1M
- -62.97%
- YTD
- -92.10%
- 6M
- -91.70%
- 1Y
- -97.75%
- 3Y*
- -86.64%
- 5Y*
- -79.66%
- 10Y*
- -78.92%
GGLS vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GGLS Direxion Daily GOOGL Bear 1X Shares | -14.40% | -42.64% | -26.50% | -37.72% | 19.63% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -92.10% | -85.53% | -59.55% | -84.56% | -23.01% |
Correlation
The correlation between GGLS and SOXS is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.49 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GGLS vs. SOXS — Risk / Return Rank
GGLS
SOXS
GGLS vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bear 1X Shares (GGLS) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 0.63 | 0.58 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | -1.00 | +0.08 |
| Martin ratioReturn relative to average drawdown | -1.35 | -1.44 | +0.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GGLS | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.91 | -0.96 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.95 | -0.79 | -0.16 |
Drawdowns
GGLS vs. SOXS - Drawdown Comparison
The maximum GGLS drawdown since its inception was -81.24%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for GGLS and SOXS.
Loading charts...
Drawdown Indicators
| GGLS | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.24% | -100.00% | +18.76% |
Max Drawdown (1Y)Largest decline over 1 year | -60.43% | -97.68% | +37.25% |
Max Drawdown (3Y)Largest decline over 3 years | -73.06% | -99.80% | +26.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -78.97% | -100.00% | +21.03% |
Average DrawdownAverage peak-to-trough decline | -46.86% | -92.60% | +45.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.18% | 68.64% | -27.46% |
Volatility
GGLS vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily GOOGL Bear 1X Shares (GGLS) is 8.19%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.22%. This indicates that GGLS experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GGLS | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.19% | 44.22% | -36.03% |
Volatility (6M)Calculated over the trailing 6-month period | 21.23% | 83.94% | -62.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.17% | 102.18% | -73.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.27% | 108.21% | -76.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.27% | 100.48% | -69.21% |
GGLS vs. SOXS - Expense Ratio Comparison
GGLS has a 1.09% expense ratio, which is higher than SOXS's 1.08% expense ratio.
Dividends
GGLS vs. SOXS - Dividend Comparison
GGLS's dividend yield for the trailing twelve months is around 4.93%, less than SOXS's 68.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GGLS Direxion Daily GOOGL Bear 1X Shares | 4.93% | 4.87% | 4.31% | 5.80% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 68.34% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
GGLS and SOXS have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (44.22%) compared to GGLS (8.19%). In terms of maximum drawdown, GGLS dropped -81.24% vs SOXS's -100.00%.
On 3-year performance, GGLS leads with -31.29% vs -86.64% for SOXS. On fees, SOXS is cheaper at 1.08% per year. On volatility, GGLS has been the lower-risk option at 8.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GGLS has performed better with a -31.29% return vs -86.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXS is cheaper with a 1.08% expense ratio, compared with 1.09% for GGLS.
SOXS has the higher dividend yield at 68.34%, compared with 4.93% for GGLS.
GGLS is categorized as Inverse Equities, while SOXS is Leveraged Equities. GGLS tracks Alphabet Inc. Class A (--100%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 1.09% for GGLS and 1.08% for SOXS.
SOXS currently has the higher Sharpe Ratio (-0.96 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.
Find the right allocation for GGLS and SOXS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer