AVS vs GGLS
Direxion Daily AVGO Bear 1X ETF vs Direxion Daily GOOGL Bear 1X ETF
Which is better, AVS or GGLS?
Each has led over a different period.
GGLS has a lower expense ratio. AVS led over 1Y, GGLS over the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AVS | GGLS |
|---|---|---|
| Expense Ratio | 1.03% | 1.02%Best |
| AUM | $14M | $11M |
| Dividend Yield | 3.26% | 3.23% |
| Holdings | 16 | 12 |
| YTD Return | -10.04%Best | -12.72% |
| 1Y Return | -14.28%Best | -32.70% |
| 3Y Return (annualized) | - | -28.65% |
| Volatility (annualized) | 45.5% | 33.5%Best |
| Max Drawdown | -76.6% | -66.0%Best |
| $10,000 over 2 years | $3,575 | $4,242Best |
| Fund Family | Direxion Shares ETF Trust | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Oct 10, 2024 | Sep 7, 2022 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 10, 2024 to Oct 14, 2026 (2 years).
AVS vs GGLS growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2 years both funds cover.
AVS vs GGLS Performance
Direxion Daily AVGO Bear 1X ETF (AVS) is an ETF from Direxion Shares ETF Trust and Direxion Daily GOOGL Bear 1X ETF (GGLS) is an ETF from Direxion Shares ETF Trust. Over the past year AVS returned -14.28% while GGLS returned -32.70%. Year to date, AVS is down 10.04% versus a loss of 12.72% for GGLS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVS has been the more volatile fund, with annualized monthly volatility of 45.5% compared with 33.5% for GGLS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -76.6% for AVS and -66.0% for GGLS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVS charges 1.03% per year while GGLS charges 1.02%. On a $10,000 position that is $103 vs $102 annually, a gap of $1 per year that compounds over a long holding period. On income, AVS currently yields 3.26% against 3.23% for GGLS.
Holdings Overlap
We hold position weights for 3 holdings in AVS and 3 in GGLS, totalling 116.4% and 101.6% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 3 positions appear in both.
3 positions in common, counted across the 3 positions we hold weights for in AVS and 3 in GGLS, against full books of 16 and 12.
You are not choosing between two funds in isolation.
Whichever of AVS and GGLS you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AVS or GGLS?
AVS has an expense ratio of 1.03% while GGLS charges 1.02%. GGLS is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, AVS or GGLS?
Over the past year AVS returned -14.28% vs -32.70% for GGLS, so AVS leads on 1-year performance. Over the longest common window we track (2 years), AVS annualized -40.21% vs -34.87% for GGLS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVS or GGLS?
AVS has been the more volatile fund at 45.5% annualized versus 33.5% for GGLS. Worst drawdown: AVS -76.6% vs GGLS -66.0%.
Should I hold both AVS and GGLS?
AVS and GGLS have a monthly-return correlation of 0.72, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, AVS or GGLS?
AVS yields 3.26% while GGLS yields 3.23%, so AVS currently pays the higher dividend yield.
Is GGLS better than AVS?
GGLS has a lower expense ratio. AVS led over 1Y, GGLS over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.