Direxion Shares ETF Trust Direxion Daily GOOGL Bear 1X ETF (GGLS) — Stock Correlations & Overview
Over the past year, GGLS has moved most closely with QQQD, QQDN, SPDN. Explore the stocks most correlated and inversely correlated with GGLS below, along with its price, financials, and company profile.
Stocks correlated with GGLS
Correlation of daily returns. Higher positive values move with GGLS; negative values move opposite it. Informational only, not investment advice.
Most correlated with GGLS
| Symbol | Company | Correlation |
|---|---|---|
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | 0.64 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | 0.61 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | 0.56 |
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | 0.55 |
| SPXU | ProShares UltraPro Short S&P 500 | 0.55 |
Most inversely correlated with GGLS
| Symbol | Company | Correlation |
|---|---|---|
| GOOGL | Alphabet Inc. Class A Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | -1.00 |
| GOOG | Alphabet Inc. Class C Capital StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | -0.99 |
| GGLL | Direxion Shares ETF Trust Direxion Daily GOOGL Bull 2X ETF | -0.99 |
| GOOX | T-Rex 2X Long Alphabet Daily Target ETF | -0.99 |
| GOOW | Roundhill GOOGL WeeklyPay ETF | -0.98 |
Frequently asked questions about GGLS correlations
- Which stocks are most correlated with GGLS?
- Based on one year of daily returns, the stocks most correlated with Direxion Shares ETF Trust Direxion Daily GOOGL Bear 1X ETF (GGLS) are QQQD (0.64), QQDN (0.61) and SPDN (0.56). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with GGLS?
- Over the past year, the stocks most inversely correlated with Direxion Shares ETF Trust Direxion Daily GOOGL Bear 1X ETF (GGLS) are GOOGL (-1.00), GOOG (-0.99) and GGLL (-0.99). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these GGLS correlations calculated?
- We compute the correlation of daily returns between GGLS and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.