Data as of .
GLX vs GLXU: which held to its multiple?
Over the days both have traded, GLX finished 6.7 points from its stated multiple and GLXU 6.7.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| GLX | GLXU | GLX | GLXU | GLX | GLXU | |
| 1 month | +24.8% | +24.8% | +31.5% | +31.5% | −6.7 pts | −6.7 pts |
| 3 months | not published | −58.3% | not published | −53.7% | not published | −4.6 pts |
| 6 months | not published | −26.3% | not published | +18.3% | not published | −44.6 pts |
| 1 year | not published | −75.2% | not published | −31.0% | not published | −44.3 pts |
| Since launch | −35.3% | −75.2% | −21.5% | −24.3% | −13.8 pts | −50.9 pts |
| GLX Corgi GLXY 2x 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 | Corgi | T-REX |
| Sets out to return | +2x | +2x |
| On | GLXY | GLXY |
| Segment | company | company |
| Fund returned, 3 months | +24.8% | −58.3% |
| Underlying returned, 3 months | +15.8% | −26.9% |
| What the stated multiple implies, 3 months | +31.5% | −53.7% |
| Difference from stated, 3 months | −6.7 pts | −4.6 pts |
| Fund returned, 1 year or since launch | −35.3% | −75.2% |
| Difference from stated, over that window | −13.8 pts | −44.3 pts |
| Underlying volatility | 81% | 89% |
| Difference over the days both have traded | −6.7 pts | −6.7 pts |
| Expense ratio | not published | 1.50% |
| Launched | Jun 30, 2026 | Aug 8, 2025 |
GLX in plain words
One month to Sep 11, 2026: GLX returned +24.8% where its own daily promise gave +26.9%, 2.0 points short. Read the multiple against the whole window instead and +2 times GLXY's 15.8% implies +31.5%, which makes GLX look 6.7 points short. 4.6 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. GLX 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 81% 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. 2.6 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. GLXU aims to return +2 times GLXY's move each day, then resets. GLXY moved at 89% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, GLX or GLXU?
- Over the window to Sep 11, 2026, GLX finished 6.7 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 GLX and GLXU levered on the same thing?
- Yes. Both are levered on GLXY, GLX at +2 times and GLXU at +2 times the daily move.
- Which one decays faster, GLX or GLXU?
- Decay follows how much the underlying moves about. Over this window GLX’s moved at 81% annualized and GLXU’s at 89%, so GLXU has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold GLX 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.
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, GLX against GLXU, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/GLX-GLXU Free to use with attribution; the underlying files are at Open data.