GGLS vs. ZIVB
GGLS (Direxion Daily GOOGL Bear 1X Shares) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. GGLS is passively managed, while ZIVB is actively managed. GGLS charges 1.09%/yr vs 1.35%/yr for ZIVB.
Performance
GGLS vs. ZIVB - Performance Comparison
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Returns By Period
GGLS
- 1D
- 0.70%
- 1M
- 6.67%
- YTD
- -14.40%
- 6M
- -12.57%
- 1Y
- -55.43%
- 3Y*
- -31.29%
- 5Y*
- —
- 10Y*
- —
ZIVB
- 1D
- 0.00%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GGLS vs. ZIVB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GGLS Direxion Daily GOOGL Bear 1X Shares | 8.54% |
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 0.00% |
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Return for Risk
GGLS vs. ZIVB — Risk / Return Rank
GGLS
ZIVB
GGLS vs. ZIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bear 1X Shares (GGLS) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). 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 | ZIVB | 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 | ZIVB | 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 | — | — |
Drawdowns
GGLS vs. ZIVB - Drawdown Comparison
The maximum GGLS drawdown since its inception was -81.24%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for GGLS and ZIVB.
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Drawdown Indicators
| GGLS | ZIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.24% | 0.00% | -81.24% |
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% | 0.00% | -78.97% |
Average DrawdownAverage peak-to-trough decline | -46.86% | 0.00% | -46.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.18% | — | — |
Volatility
GGLS vs. ZIVB - Volatility Comparison
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Volatility by Period
| GGLS | ZIVB | 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% | 0.00% | +29.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.27% | 0.00% | +31.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.27% | 0.00% | +31.27% |
GGLS vs. ZIVB - Expense Ratio Comparison
GGLS has a 1.09% expense ratio, which is lower than ZIVB's 1.35% expense ratio.
Dividends
GGLS vs. ZIVB - Dividend Comparison
GGLS's dividend yield for the trailing twelve months is around 4.93%, while ZIVB 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% |
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
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 1.35% for ZIVB.
GGLS has the higher dividend yield at 4.93%, compared with 0.00% for ZIVB.
They also come from different issuers: Direxion and Volatility Shares. Their fees differ too: 1.09% for GGLS and 1.35% for ZIVB.
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