QQQD vs. GGLS

Last updated Aug 2, 2026

QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and GGLS (Direxion Daily GOOGL Bear 1X Shares) are both Inverse Equities funds from Direxion - QQQD tracks the Indxx Magnificent 7 Index (-100%) while GGLS tracks the Alphabet Inc. Class A (--100%). Both are passively managed. Over the past year, QQQD returned -14.09% vs -49.74% for GGLS. Their 0.67 correlation means they have sometimes moved together and sometimes differently. QQQD charges 0.57%/yr vs 1.09%/yr for GGLS.

Performance

QQQD vs. GGLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Direxion Daily GOOGL Bear 1X Shares (GGLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQD achieves a 0.46% return, which is significantly higher than GGLS's -15.28% return.

QQQD

• 1D: -3.23%
• 1M: -1.45%
• 6M: 0.57%
• YTD: 0.46%
• 1Y: -14.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -20.41%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GGLS Direxion Daily GOOGL Bear 1X Shares	$8.63M	$30.47M	$64.01M
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	$1.12M	$1.26M	$1.70M

QQQD vs. GGLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	0.46%	-20.32%	-27.75%
GGLS Direxion Daily GOOGL Bear 1X Shares	-15.28%	-42.64%	-30.79%

Correlation

The correlation between QQQD and GGLS is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.65
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.67

The correlation between QQQD and GGLS has been stable across timeframes, ranging from 0.65 to 0.67 - a consistent structural relationship.

Return for Risk

QQQD vs. GGLS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QQQD

QQQD Risk / Return Rank: 5
QQQD Sharpe Ratio Rank: 5
QQQD Sortino Ratio Rank: 5
QQQD Omega Ratio Rank: 5
QQQD Calmar Ratio Rank: 5
QQQD Martin Ratio Rank: 5

GGLS

GGLS Risk / Return Rank: 1
GGLS Sharpe Ratio Rank: 0
GGLS Sortino Ratio Rank: 0
GGLS Omega Ratio Rank: 0
GGLS Calmar Ratio Rank: 1
GGLS Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQQD vs. GGLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Direxion Daily GOOGL Bear 1X Shares (GGLS). 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.

	QQQD	GGLS	Difference
Sharpe ratio: Return per unit of total volatility	-0.50	-1.53	+1.03
Sortino ratio: Return per unit of downside risk	-0.60	-2.35	+1.75
Omega ratio: Gain probability vs. loss probability	0.93	0.71	+0.23
Calmar ratio: Return relative to maximum drawdown	-0.51	-0.90	+0.39
Martin ratio: Return relative to average drawdown	-0.85	-1.24	+0.39

QQQD vs. GGLS - Sharpe Ratio Comparison

The current QQQD Sharpe Ratio is -0.50, which is higher than the GGLS Sharpe Ratio of -1.53. The chart below compares the historical Sharpe Ratios of QQQD and GGLS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQD vs. GGLS - Drawdown Comparison

The maximum QQQD drawdown since its inception was -49.47%, smaller than the maximum GGLS drawdown of -81.24%. Use the drawdown chart below to compare losses from any high point for QQQD and GGLS.

Drawdown Indicators

	QQQD	GGLS	Difference
Max Drawdown Largest peak-to-trough decline	-49.47%	-81.24%	+31.77%
Max Drawdown (1Y) Largest decline over 1 year	-21.94%	-54.69%	+32.75%
Max Drawdown (3Y) Largest decline over 3 years	—	-71.64%	—
Current Drawdown Current decline from peak	-45.68%	-79.19%	+33.51%
Average Drawdown Average peak-to-trough decline	-31.27%	-48.12%	+16.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.19%	39.40%	-26.21%

Volatility

QQQD vs. GGLS - Volatility Comparison

The current volatility for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) is 8.15%, while Direxion Daily GOOGL Bear 1X Shares (GGLS) has a volatility of 13.05%. This indicates that QQQD experiences smaller price fluctuations and is considered to be less risky than GGLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQD	GGLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.15%	13.05%	-4.90%
Volatility (6M) Calculated over the trailing 6-month period	17.57%	25.50%	-7.93%
Volatility (1Y) Calculated over the trailing 1-year period	22.50%	32.21%	-9.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.94%	31.69%	-4.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.94%	31.69%	-4.75%

QQQD vs. GGLS - Expense Ratio Comparison

QQQD has a 0.57% expense ratio, which is lower than GGLS's 1.09% expense ratio.

Dividends

QQQD vs. GGLS - Dividend Comparison

QQQD's dividend yield for the trailing twelve months is around 3.06%, more than GGLS's 3.01% yield.

Position	TTM	2025	2024	2023	2022
GGLS Direxion Daily GOOGL Bear 1X Shares	3.01%	4.87%	4.31%	5.80%	0.20%
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	3.06%	4.33%	5.17%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQD and GGLS in my portfolio?

QQQD and GGLS have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQD or GGLS?

GGLS has higher volatility (13.05%) compared to QQQD (8.15%). In terms of maximum drawdown, QQQD dropped -49.47% vs GGLS's -81.24%.

Which ETF is better, QQQD or GGLS?

On 1-year performance, QQQD leads with -14.09% vs -49.74% for GGLS. On fees, QQQD is cheaper at 0.57% per year. On volatility, QQQD has been the lower-risk option at 8.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQD or GGLS?

Over the 1-year period, QQQD has performed better with a -14.09% return vs -49.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQD or GGLS?

QQQD is cheaper with a 0.57% expense ratio, compared with 1.09% for GGLS.

Which ETF pays a higher dividend yield, QQQD or GGLS?

QQQD has the higher dividend yield at 3.06%, compared with 3.01% for GGLS.

What is the main difference between QQQD and GGLS?

QQQD tracks Indxx Magnificent 7 Index (-100%), while GGLS tracks Alphabet Inc. Class A (--100%). Their fees differ too: 0.57% for QQQD and 1.09% for GGLS.

Which has better risk-adjusted returns?

QQQD currently has the higher Sharpe Ratio (-0.50 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.