Data as of .
GGLS vs GOOL: which held to its multiple?
Over a month against its own daily promise, GGLS finished 0.4 points over and GOOL 1.0 points short.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| GGLS | GOOL | GGLS | GOOL | GGLS | GOOL | |
| 1 month | +1.6% | −4.1% | +1.4% | −2.8% | +0.1 pts | −1.3 pts |
| 3 months | +4.3% | not published | +5.8% | not published | −1.6 pts | not published |
| 6 months | −14.0% | not published | −12.1% | not published | −1.9 pts | not published |
| 1 year | −32.4% | not published | −41.2% | not published | +8.8 pts | not published |
| 3 years | −63.5% | not published | not meaningful | not published | not meaningful | not published |
| Since launch | −72.0% | −18.1% | not meaningful | −15.4% | not meaningful | −2.7 pts |
| GGLS Direxion Daily GOOGL Bear 1X ETF Aims to return 1 times the opposite of the daily move of Alphabet (GOOGL) | GOOL Leverage Shares 2X Long GOOGL Daily ETF Aims to return twice the daily move of Alphabet (GOOGL) | |
|---|---|---|
| Issuer | Direxion | Leverage Shares |
| Sets out to return | -1x | +2x |
| On | GOOGL | GOOGL |
| Segment | company | company |
| Fund returned, 3 months | +4.3% | −4.1% |
| Underlying returned, 3 months | −5.8% | −1.4% |
| What the stated multiple implies, 3 months | +5.8% | −2.8% |
| Difference from stated, 3 months | −1.6 pts | −1.3 pts |
| Fund returned, 1 year or since launch | −32.4% | −18.1% |
| Difference from stated, over that window | +8.8 pts | −2.7 pts |
| Underlying volatility | 36% | 19% |
| Difference over the days both have traded | no shared window | −1.3 pts |
| Expense ratio | not published | 0.99% |
| Launched | Sep 7, 2022 | Jul 7, 2026 |
GGLS in plain words
Three months to Sep 11, 2026: GGLS returned +4.3% where its own daily promise gave +2.8%, 1.4 points over. Read the multiple against the whole window instead and −1 times GOOGL's −5.8% implies +5.8%, which makes GGLS look 1.6 points short. 3.0 of that is daily compounding, which happens to any −1 times fund over the same path, and the rest is the fund. GGLS aims to return -1 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 -1 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.
GOOL in plain words
One month to Sep 11, 2026: GOOL returned −4.1% where its own daily promise gave −3.1%, 1.0 points short. Read the multiple against the whole window instead and +2 times GOOGL's −1.4% implies −2.8%, which makes GOOL look 1.3 points short. 0.3 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. GOOL aims to return +2 times GOOGL's move each day, then resets. 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 19% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, GGLS or GOOL?
- Over the window to Sep 11, 2026, GGLS finished 1.6 points from what its multiple implies and GOOL finished 1.3 points from its own, so GOOL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are GGLS and GOOL levered on the same thing?
- Yes. Both are levered on Alphabet, GGLS at -1 times and GOOL at +2 times the daily move.
- Which one decays faster, GGLS or GOOL?
- Decay follows how much the underlying moves about. Over this window GGLS’s moved at 36% annualized and GOOL’s at 19%, so GGLS has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold GGLS or GOOL 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.
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, GGLS against GOOL, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/GGLS-GOOL Free to use with attribution; the underlying files are at Open data.