GGLS ETF — Direxion Daily GOOGL Bear 1X Shares

Direxion Daily GOOGL Bear 1X Shares (GGLS)

Updated October 16, 2026.

GGLS is an ETF linked to Alphabet (GOOGL). its distribution rate is 2.55%, its trailing-12-month yield is 3.19%, its expense ratio is 1.02%. Total return is 2797842.9% over the past 4.1 years, 2797628.8 points ahead of GOOGL at 214.1%.

Direxion Daily GOOGL Bear 1X Shares is an ETF that seeks to deliver daily inverse (opposite) exposure to Alphabet stock through derivatives including swaps and options, making it move in the opposite direction of GOOGL on a daily basis. The fund has a modest current distribution rate and distributes quarterly, with an expense ratio of 1.02%. This ETF appeals to traders and investors seeking short-term bearish exposure to Alphabet or tactical hedging strategies, rather than buy-and-hold income investors.

GGLS performance versus GOOGL

Price and return data through 2026-10-16.

Total return is 2797842.9% over the past 4.1 years, 2797628.8 points ahead of GOOGL at 214.1%. Over the past year its total return — price change plus distributions reinvested — is -29.7%. Its deepest 1-year drawdown was 39.4%.

GGLS key facts

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

09/06/2022

Expense ratio

1.02%

Distribution rate

2.55%

Distribution frequency

Quarterly

Trailing yield

3.19%

Last close

$58.76 (as of 2026-10-16)

AUM

$12,952,161

Average volume

68718.0

Dividend

$0.375

Ex-dividend date

09/22/2026

Payment date

09/29/2026

Beta

-1.12

How Dividend Vision calculates yield and returns

Distribution rate (2.55%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.19%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Direxion; Index: Alphabet (GOOGL); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

GGLS risks and drawbacks

GGLS's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 39.4%.

Who may consider GGLS — and who may not

GGLS may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (GGLS pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on GGLS

• All tickers starting with G

Tagged: Short, Single.

Frequently asked questions

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