GGLS vs TNXT

Comparison between DIREXION DAILY GOOGL BEAR 1X SHARES (GGLS, ETF) and T. ROWE PRICE INNOVATION LEADERS ETF (TNXT, ETF).

GGLS vs TNXT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GGLS(ETF)	TNXT(ETF)
Net Assets	$17M	$17M
Expense Ratio	1.02%	0.49%
Max Drawdown	83.50%	12.97%
Sharpe Ratio	-2.78	0.72
5Y Beta	-1.10	1.45
P/E Ratio	N/A	63.43
Forward P/E	N/A	23.11
5Y EPS CAGR	N/A	33.84%
P/S Ratio	N/A	3.32
P/B Ratio	N/A	7.83

Net Assets

GGLS

$17M

TNXT

$17M

Expense Ratio

GGLS

1.02%

Winner

TNXT

0.49%

Max Drawdown

GGLS

83.50%

Winner

TNXT

12.97%

Sharpe Ratio

GGLS

-2.78

Winner

TNXT

0.72

5Y Beta

Winner

GGLS

-1.10

TNXT

1.45

P/E Ratio

GGLS

N/A

TNXT

63.43

Forward P/E

GGLS

N/A

TNXT

23.11

5Y EPS CAGR

GGLS

N/A

TNXT

33.84%

P/S Ratio

GGLS

N/A

TNXT

3.32

P/B Ratio

GGLS

N/A

TNXT

7.83

GGLS vs TNXT - Historical Returns

Returns include dividend reinvestment.

Period	GGLS	TNXT
1 month	+5.25%	+1.90%
3 months	-19.85%	+11.56%
6 months	-14.48%	N/A
1 year	-56.06%	N/A
Max(CAGR)	-30.08%	+18.56%

Winner

GGLS

+5.25%

TNXT

+1.90%

GGLS

-19.85%

Winner

TNXT

+11.56%

GGLS

-14.48%

TNXT

N/A

GGLS

-56.06%

TNXT

N/A

Max(CAGR)

GGLS

-30.08%

Winner

TNXT

+18.56%

GGLS vs TNXT - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	GGLS	TNXT
2026	-16.04%	+6.10%
2025	-42.62%	N/A
2024	-27.17%	N/A
2023	-37.02%	N/A
2022	+19.63%	N/A

GGLS vs TNXT Drawdown Comparison

The maximum drawdown for GGLS was -81.22%, occurring on May 13, 2026. This drawdown has not yet recovered.

The maximum drawdown for TNXT was -12.97%, occurring on Mar 30, 2026. Recovery took 52 trading sessions.

The current GGLS drawdown is -79.50%. The current TNXT drawdown is -4.98%.

Rank	GGLS	TNXT
#1	-81.22% Nov 3, 2022 - May 13, 2026	-12.97% Jan 29, 2026 - Apr 15, 2026
#2	-8.73% Sep 30, 2022 - Oct 27, 2022	-4.98% Jun 1, 2026 - Jun 5, 2026
#3	-4.30% Oct 27, 2022 - Nov 1, 2022	-3.00% May 14, 2026 - May 26, 2026
#4	-2.67% Sep 27, 2022 - Sep 30, 2022	-1.31% Apr 24, 2026 - May 1, 2026
#5	-2.32% Sep 8, 2022 - Sep 13, 2022	-1.19% Apr 17, 2026 - Apr 24, 2026
#6	-0.55% Sep 21, 2022 - Sep 23, 2022	-0.65% May 11, 2026 - May 13, 2026
#7	-0.48% Sep 13, 2022 - Sep 15, 2022	-0.61% May 6, 2026 - May 8, 2026
#8	-0.13% Sep 16, 2022 - Sep 20, 2022	-0.29% May 28, 2026 - Jun 1, 2026

Correlation

Correlation between GGLS and TNXT is -0.90 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.90

-101