Data as of .
GLGG vs GLXU: which held to its multiple?
Over the days both have traded, GLGG finished 6.6 points from its stated multiple and GLXU 6.7.
ETFIQ Decay Resistance Score: GLXU 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 | |||
|---|---|---|---|---|---|---|
| GLGG | GLXU | GLGG | GLXU | GLGG | GLXU | |
| 1 month | +24.9% | +24.8% | +31.5% | +31.5% | −6.6 pts | −6.7 pts |
| 3 months | −58.4% | −58.3% | −53.7% | −53.7% | −4.7 pts | −4.6 pts |
| 6 months | −26.9% | −26.3% | +18.3% | +18.3% | −45.3 pts | −44.6 pts |
| 1 year | −75.5% | −75.2% | −31.0% | −31.0% | −44.5 pts | −44.3 pts |
| Since launch | −65.6% | −75.2% | +4.3% | −24.3% | −69.9 pts | −50.9 pts |
| GLGG Leverage Shares 2X Long GLXY Daily ETF Aims to return twice the daily move of GLXY | GLXU T-REX 2X LONG GLXY DAILY TARGET ETF Aims to return twice the daily move of GLXY | |
|---|---|---|
| Issuer | Leverage Shares | T-REX |
| Sets out to return | +2x | +2x |
| On | GLXY | GLXY |
| Segment | company | company |
| Fund returned, 3 months | −58.4% | −58.3% |
| Underlying returned, 3 months | −26.9% | −26.9% |
| What the stated multiple implies, 3 months | −53.7% | −53.7% |
| Difference from stated, 3 months | −4.7 pts | −4.6 pts |
| Fund returned, 1 year or since launch | −75.5% | −75.2% |
| Difference from stated, over that window | −44.5 pts | −44.3 pts |
| Underlying volatility | 89% | 89% |
| Difference over the days both have traded | −6.6 pts | −6.7 pts |
| Expense ratio | 0.76% | 1.50% |
| Launched | Aug 21, 2025 | Aug 8, 2025 |
GLGG in plain words
Three months to Sep 11, 2026: GLGG returned −58.4% where its own daily promise gave −56.4%, 2.0 points short. Read the multiple against the whole window instead and +2 times GLXY's −26.9% implies −53.7%, which makes GLGG look 4.7 points short. 2.6 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. GLGG aims to return +2 times GLXY'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. GLXY moved at 89% 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.
GLXU in plain words
Three months to Sep 11, 2026: GLXU returned −58.3% where its own daily promise gave −56.4%, 1.9 points short. Read the multiple against the whole window instead and +2 times GLXY's −26.9% implies −53.7%, which makes GLXU look 4.6 points short. GLXU aims to return +2 times GLXY's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, GLGG or GLXU?
- Over the window to Sep 11, 2026, GLGG finished 4.7 points from what its multiple implies and GLXU finished 4.6 points from its own, so GLXU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are GLGG and GLXU levered on the same thing?
- Yes. Both are levered on GLXY, GLGG at +2 times and GLXU at +2 times the daily move.
- Which one decays faster, GLGG or GLXU?
- Decay follows how much the underlying moves about. Over this window GLGG’s moved at 89% annualized and GLXU’s at 89%, so GLGG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold GLGG or GLXU 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, GLGG or GLXU?
- GLGG charges 0.76% a year and GLXU charges 1.50%, so GLGG 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, GLGG against GLXU, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/GLGG-GLXU Free to use with attribution; the underlying files are at Open data.