Which came closer to its stated multiple, GGLL or GOGL?

Over the window to Sep 30, 2026, GGLL finished 4.6 points from what its multiple implies and GOGL finished 5.1 points from its own, so GGLL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are GGLL and GOGL levered on the same thing?

Yes. Both are levered on Alphabet, GGLL at +2 times and GOGL at +2 times the daily move.

Which one decays faster, GGLL or GOGL?

Decay follows how much the underlying moves about. Over this window GGLL’s moved at 34% annualized and GOGL’s at 34%, so GGLL has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold GGLL or GOGL 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 GOGL?

GGLL charges 0.96% a year and GOGL charges 0.45%, so GOGL is cheaper. Fees come from each fund's prospectus.

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GGLL vs GOGL: which held to its multiple?

Over the days both have traded, GGLL finished 1.5 points from its stated multiple and GOGL 2.1. Direxion Daily GOOGL Bull 2X ETF and Corgi GOOGL 2x Daily ETF.

−14.0%

GGLL returned, 3 months

−14.4%

GOGL returned, 3 months

−4.6 pts

GGLL from its stated multiple

−5.1 pts

GOGL from its stated multiple

GGLL · 3 months to Sep 30, 20264.6 pts short of its stated multiple

GGLL returned −14.0% while 2 times GOOGL's move would have been −9.4%

GOGL · 3 months to Sep 30, 20265.1 pts short of its stated multiple

GOGL returned −14.4% while 2 times GOOGL's move would have been −9.4%

ETFIQ Decay Resistance Score · GGLL scores higherDid it keep up with its own daily multiple, compounded day by day?

GGLL 61.4

GOGL 47.4

0.1, the lowest in this set99.9, the highest

A percentile among the 470 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

	Total return		Multiple would give		Difference
Window	GGLL	GOGL	GGLL	GOGL	GGLL	GOGL
1 month	+1.4%	+0.8%	+2.9%	+2.9%	−1.5 pts	−2.1 pts
3 months	−14.0%	−14.4%	−9.4%	−9.4%	−4.6 pts	−5.1 pts
6 months	+20.5%	not published	+31.7%	not published	−11.2 pts	not published
1 year	+65.4%	not published	+83.8%	not published	−18.4 pts	not published
3 years	+274.5%	not published	not meaningful	not published	not meaningful	not published
Since launch GGLL Sep 2022 · GOGL Jun 2026	+337.4%	−12.5%	not meaningful	−7.3%	not meaningful	−5.2 pts

GGLL and GOGL over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

GGLL

Direxion Daily GOOGL Bull 2X ETF · Aims to return twice the daily move of Alphabet (GOOGL)

GOGL

Corgi GOOGL 2x Daily ETF · Aims to return twice the daily move of Alphabet (GOOGL)

Issuer Direxion Corgi

Sets out to return +2x +2x

Underlying asset GOOGL GOOGL

Segment company company

Fund returned, 3 months or since launch −14.0% −14.4%

Underlying returned, over that window −4.7% −4.7%

What the stated multiple implies, over that window −9.4% −9.4%

Difference from stated, over that window −4.6 pts −5.1 pts

Fund returned, 1 year or since launch +65.4% −12.5%

Difference from stated, over that window −18.4 pts −5.2 pts

Underlying volatility 34% 34%

Difference over the days both have traded −1.5 pts −2.1 pts

Expense ratio 0.96% 0.45%

Launched Sep 7, 2022 Jun 30, 2026

Net assets $1.1bn $2m

GGLL and GOGL on the same fields, as of Sep 30, 2026. Source: ETFIQ.

GGLL in plain words

Three months to Sep 30, 2026: GGLL returned −14.0% where its own daily promise gave −11.7%, 2.3 points short. Read the multiple against the whole window instead and 2 times GOOGL's −4.7% implies −9.4%, which makes GGLL look 4.6 points short. 2.4 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 34% 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.

GOGL in plain words

Three months to Sep 30, 2026: GOGL returned −14.4% where its own daily promise gave −11.7%, 2.7 points short. Read the multiple against the whole window instead and 2 times GOOGL's −4.7% implies −9.4%, which makes GOGL look 5.1 points short. GOGL aims to return +2 times GOOGL's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, GGLL or GOGL?: Over the window to Sep 30, 2026, GGLL finished 4.6 points from what its multiple implies and GOGL finished 5.1 points from its own, so GGLL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are GGLL and GOGL levered on the same thing?: Yes. Both are levered on Alphabet, GGLL at +2 times and GOGL at +2 times the daily move.
Which one decays faster, GGLL or GOGL?: Decay follows how much the underlying moves about. Over this window GGLL’s moved at 34% annualized and GOGL’s at 34%, so GGLL has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold GGLL or GOGL 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 GOGL?: GGLL charges 0.96% a year and GOGL charges 0.45%, so GOGL is cheaper. Fees come from each fund's prospectus.

Other comparisons

GGLL vs GGLS GGLL vs GOOL GGLL vs GOOX GGLL vs GOU GOGL vs GOOL GOGL vs GOOX GOGL vs GOU GOGL vs GGLS

GGLL on its own →GOGL on its own →How every figure is computed →Standards and sources →

Where these figures came from

GGLL filings on SEC EDGAR ↗GGLL prospectus with the expense ratio (SEC) ↗Direxion website ↗GOGL filings on SEC EDGAR ↗GOGL prospectus with the expense ratio (SEC) ↗Corgi website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, GGLL against GOGL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/ggll-vs-gogl

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.