TNXT vs GGLS

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

TNXT vs GGLS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

TNXT

$17M

GGLS

$17M

Expense Ratio

Winner

TNXT

0.49%

GGLS

1.02%

Max Drawdown

Winner

TNXT

12.97%

GGLS

83.50%

Sharpe Ratio

Winner

TNXT

0.72

GGLS

-2.78

5Y Beta

TNXT

1.45

Winner

GGLS

-1.10

P/E Ratio

TNXT

63.43

GGLS

N/A

Forward P/E

TNXT

23.11

GGLS

N/A

5Y EPS CAGR

TNXT

33.84%

GGLS

N/A

P/S Ratio

TNXT

3.32

GGLS

N/A

P/B Ratio

TNXT

7.83

GGLS

N/A

TNXT vs GGLS - Historical Returns

Returns include dividend reinvestment.

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

TNXT

+1.90%

Winner

GGLS

+5.25%

Winner

TNXT

+11.56%

GGLS

-19.85%

TNXT

N/A

GGLS

-14.48%

TNXT

N/A

GGLS

-56.06%

Max(CAGR)

Winner

TNXT

+18.56%

GGLS

-30.08%

TNXT vs GGLS - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

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

TNXT vs GGLS Drawdown Comparison

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

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

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

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

Correlation

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

-0.90

-101