Data as of .
GGLL vs GOU: which held to its multiple?
Over the days both have traded, GGLL finished 1.2 points from its stated multiple and GOU 0.7.
ETFIQ Decay Resistance Score: GOU scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| GGLL | GOU | GGLL | GOU | GGLL | GOU | |
| 1 month | −4.0% | −3.5% | −2.8% | −2.8% | −1.2 pts | −0.7 pts |
| 3 months | −16.4% | −16.3% | −11.7% | −11.7% | −4.7 pts | −4.7 pts |
| 6 months | +12.4% | +11.8% | +24.2% | +24.2% | −11.9 pts | −12.4 pts |
| 1 year | +64.0% | not published | +82.4% | not published | −18.4 pts | not published |
| 3 years | +245.9% | not published | not meaningful | not published | not meaningful | not published |
| Since launch | +327.0% | −2.1% | not meaningful | +14.9% | not meaningful | −17.0 pts |
| GGLL Direxion Daily GOOGL Bull 2X ETF Aims to return twice the daily move of Alphabet (GOOGL) | GOU GraniteShares 2x Long GOOGL Daily ETF Aims to return twice the daily move of Alphabet (GOOGL) | |
|---|---|---|
| Issuer | Direxion | GraniteShares |
| Sets out to return | +2x | +2x |
| On | GOOGL | GOOGL |
| Segment | company | company |
| Fund returned, 3 months | −16.4% | −16.3% |
| Underlying returned, 3 months | −5.8% | −5.8% |
| What the stated multiple implies, 3 months | −11.7% | −11.7% |
| Difference from stated, 3 months | −4.7 pts | −4.7 pts |
| Fund returned, 1 year or since launch | +64.0% | −2.1% |
| Difference from stated, over that window | −18.4 pts | −17.0 pts |
| Underlying volatility | 36% | 36% |
| Difference over the days both have traded | −1.2 pts | −0.7 pts |
| Expense ratio | 0.96% | 1.15% |
| Launched | Sep 7, 2022 | Dec 2, 2025 |
GGLL in plain words
Three months to Sep 11, 2026: GGLL returned −16.4% where its own daily promise gave −14.2%, 2.2 points short. Read the multiple against the whole window instead and +2 times GOOGL's −5.8% implies −11.7%, which makes GGLL look 4.7 points short. 2.5 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. GGLL aims to return +2 times GOOGL's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. GOOGL moved at 36% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
GOU in plain words
Three months to Sep 11, 2026: GOU returned −16.3% where its own daily promise gave −14.2%, 2.2 points short. Read the multiple against the whole window instead and +2 times GOOGL's −5.8% implies −11.7%, which makes GOU look 4.7 points short. GOU aims to return +2 times GOOGL's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, GGLL or GOU?
- Over the window to Sep 11, 2026, GGLL finished 4.7 points from what its multiple implies and GOU finished 4.7 points from its own, so GOU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are GGLL and GOU levered on the same thing?
- Yes. Both are levered on Alphabet, GGLL at +2 times and GOU at +2 times the daily move.
- Which one decays faster, GGLL or GOU?
- Decay follows how much the underlying moves about. Over this window GGLL’s moved at 36% annualized and GOU’s at 36%, so GGLL has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold GGLL or GOU for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, GGLL or GOU?
- GGLL charges 0.96% a year and GOU charges 1.15%, so GGLL is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, GGLL against GOU, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/GGLL-GOU Free to use with attribution; the underlying files are at Open data.