Which came closer to its stated multiple, GGLS or GOOL?

Over the window to Sep 30, 2026, GGLS finished 1.5 points from what its multiple implies and GOOL finished 1.5 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 34% annualized and GOOL’s at 24%, 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.

Which is cheaper, GGLS or GOOL?

GGLS charges 1.02% a year and GOOL charges 0.99%, so GOOL is cheaper. Fees come from each fund's prospectus.

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GGLS vs GOOL: which held to its multiple?

Over a month against its own daily promise, GGLS finished 0.3 points over and GOOL 1.0 points short. Direxion Daily GOOGL Bear 1X ETF and Leverage Shares 2X Long GOOGL Daily ETF.

+3.2%

GGLS returned, 3 months

−16.2%

GOOL returned, since launch

−1.5 pts

GGLS from its stated multiple

−3.8 pts

GOOL from its stated multiple

GGLS · 3 months to Sep 30, 20261.5 pts short of its stated multiple

GGLS returned +3.2% while −1 times GOOGL's move would have been +4.7%

GOOL · 1 month to Sep 30, 20261.5 pts short of its stated multiple

GOOL returned +1.5% while 2 times GOOGL's move would have been +2.9%

Performance, window by window

	Total return		Multiple would give		Difference
Window	GGLS	GOOL	GGLS	GOOL	GGLS	GOOL
1 month	−1.6%	+1.5%	−1.5%	+2.9%	−0.1 pts	−1.5 pts
3 months	+3.2%	not published	+4.7%	not published	−1.5 pts	not published
6 months	−16.5%	not published	−15.8%	not published	−0.6 pts	not published
1 year	−32.9%	not published	−41.9%	not published	+9.0 pts	not published
3 years	−65.5%	not published	not meaningful	not published	not meaningful	not published
Since launch GGLS Sep 2022 · GOOL Jul 2026	−72.5%	−16.2%	not meaningful	−12.4%	not meaningful	−3.8 pts

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

On the same fields

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

Underlying asset GOOGL GOOGL

Segment company company

Fund returned, 3 months or since launch +3.2% +1.5%

Underlying returned, over that window −4.7% +1.5%

What the stated multiple implies, over that window +4.7% +2.9%

Difference from stated, over that window −1.5 pts −1.5 pts

Fund returned, 1 year or since launch −32.9% −16.2%

Difference from stated, over that window +9.0 pts −3.8 pts

Underlying volatility 34% 24%

Difference over the days both have traded no shared window −1.5 pts

Expense ratio 1.02% 0.99%

Launched Sep 7, 2022 Jul 7, 2026

Net assets $13m $5m

GGLS and GOOL on the same fields, as of Sep 30, 2026. Source: ETFIQ.

GGLS in plain words

Three months to Sep 30, 2026: GGLS returned +3.2% where its own daily promise gave +2.0%, 1.2 points over. Read the multiple against the whole window instead and −1 times GOOGL's −4.7% implies +4.7%, which makes GGLS look 1.5 points short. 2.7 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 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.

GOOL in plain words

One month to Sep 30, 2026: GOOL returned +1.5% where its own daily promise gave +2.4%, 1.0 points short. Read the multiple against the whole window instead and 2 times GOOGL's 1.5% implies +2.9%, which makes GOOL look 1.5 points short. 0.5 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 24% annualized over that window.

Questions people ask

Which came closer to its stated multiple, GGLS or GOOL?: Over the window to Sep 30, 2026, GGLS finished 1.5 points from what its multiple implies and GOOL finished 1.5 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 34% annualized and GOOL’s at 24%, 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.
Which is cheaper, GGLS or GOOL?: GGLS charges 1.02% a year and GOOL charges 0.99%, so GOOL is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

GGLS on its own →GOOL on its own →How every figure is computed →Standards and sources →

Where these figures came from

GGLS filings on SEC EDGAR ↗GGLS prospectus with the expense ratio (SEC) ↗Direxion website ↗GOOL filings on SEC EDGAR ↗GOOL prospectus with the expense ratio (SEC) ↗Leverage Shares 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, GGLS against GOOL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/ggls-vs-gool

Open data

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