Direxion Daily GOOGL Bear 1X Shares (GGLS) Performance
GGLS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −6.0% since Dec 31, 2025
- 1 year
- −24.8% total return
- 3 years
- −27.1% a year
- Since first price
- −26.8% a year since 2022
GGLS trailing returns vs SPY, QQQ, AGG
| Period | GGLS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +5.6% | +5.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.6% | −2.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.5% | +1.3% | +7.8% | +8.4% | −1.5% |
| YTD | −6.0% | −7.8% | +12.3% | +15.1% | −1.0% |
| 1 year | −24.8% | −26.9% | +14.4% | +15.9% | −1.1% |
| 3 years | −61.3%−27.1%/yr | −65.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionSep 16, 2022 | −72.1%−26.8%/yr | −75.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GGLS vs SPY
From Sep 16, 2022: GGLS grew to $2,787, SPY to $20,760.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GGLS returns by calendar year
0 of 3 full years positive. Best 2024 (−26.5%), worst 2025 (−42.6%). 2026 is year to date.
GGLS annual returns table
| Year | GGLS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −6.0% | −33.1% | +12.3% | +15.1% | −1.0% |
| 2025 | −42.6% | −57.0% | +17.7% | +20.8% | +7.2% |
| 2024 | −26.5% | −33.3% | +24.9% | +25.6% | +1.3% |
| 2023 | −37.7% | −39.9% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GGLS largest drawdowns
Now 76.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 3, 2022 | −81.2% | May 13, 2026 | not yet | 3.5 years | 4.0 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
GGLS risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | −29.8% | −29.9% |
| Volatility (annualized) | 29.1% | 29.1% |
| Sharpe ratio | -1.20 | -1.21 |
| Sortino ratio | -1.33 | -1.33 |
| Best month | +19.0% | +19.0% |
| Worst month | −26.2% | −26.2% |
| Best 12 months | +0.4% | +0.4% |
| Worst 12 months | −60.5% | −60.5% |
| Positive months | 36% | 35% |
| Beta vs S&P 500 | -1.11 | — |
| Correlation with S&P 500 | -0.48 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GGLS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 38 | −60.5% | −30.4% | +0.4% | 3% |
| 3-year (a year) | 14 | −36.1% | −32.3% | −28.4% | 0% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
GGLS performance overview
Direxion Daily GOOGL Bear 1X Shares (GGLS) returned −24.8% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned −26.8% a year, turning $10,000 into about $2,787. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −81.2%, from Nov 3, 2022 to May 13, 2026; the fund has not yet regained that high. GGLS finished 0 of its 3 full calendar years with a gain; the best year was 2024 (−26.5%) and the worst 2025 (−42.6%). Volatility has been 29.1% a year.
Related: GGLS chart, GGLS dividends. See the GGLS overview for the latest quote and fund facts.
GGLS performance FAQ
What is the GGLS return over the past year?
GGLS returned −24.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 26.9%.
How much would $10,000 invested in GGLS be worth?
$10,000 invested in GGLS at its first recorded close on September 16, 2022 would be worth about $2,787 on October 23, 2026 with distributions reinvested.
What was the worst year for GGLS?
The worst calendar year was 2025, with a total return of −42.6%. The best was 2024 at −26.5%.
What is the biggest drawdown of GGLS?
The largest peak-to-trough decline was −81.2% between November 3, 2022 and May 13, 2026. It has not yet recovered to that high; it is 76.9% below its peak.
How volatile is GGLS?
Over the past 3 years GGLS had an annualized volatility of 29.1% and a Sharpe ratio of -1.20 (excess return over 1–3 month T-bills per unit of risk).