Which came closer to its stated multiple, GLGG or GLXU?

Over the window to Sep 30, 2026, GLGG finished 15.9 points from what its multiple implies and GLXU finished 15.7 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 Galaxy Digital, 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 91% annualized and GLXU’s at 91%, 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.

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GLGG vs GLXU: which held to its multiple?

Over the days both have traded, GLGG finished 15.9 points from its stated multiple and GLXU 15.7. Leverage Shares 2X Long GLXY Daily ETF and T-REX 2X LONG GLXY DAILY TARGET ETF.

−40.0%

GLGG returned, 3 months

−39.8%

GLXU returned, 3 months

−15.9 pts

GLGG from its stated multiple

−15.7 pts

GLXU from its stated multiple

GLGG · 3 months to Sep 30, 202615.9 pts short of its stated multiple

GLGG returned −40.0% while 2 times GLXY's move would have been −24.1%

GLXU · 3 months to Sep 30, 202615.7 pts short of its stated multiple

GLXU returned −39.8% while 2 times GLXY's move would have been −24.1%

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

GLGG 47.1

GLXU 52.6

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	GLGG	GLXU	GLGG	GLXU	GLGG	GLXU
1 month	−19.6%	−19.3%	−15.1%	−15.1%	−4.5 pts	−4.1 pts
3 months	−40.0%	−39.8%	−24.1%	−24.1%	−15.9 pts	−15.7 pts
6 months	+6.8%	+6.9%	+61.8%	+61.8%	−55.0 pts	−55.0 pts
1 year	−84.5%	−84.2%	−65.5%	−65.5%	−19.0 pts	−18.7 pts
Since launch GLGG Aug 2025 · GLXU Aug 2025	−71.3%	−79.2%	−9.6%	−36.3%	−61.6 pts	−42.9 pts

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

On the same fields

GLGG

Leverage Shares 2X Long GLXY Daily ETF · Aims to return twice the daily move of Galaxy Digital (GLXY)

GLXU

T-REX 2X LONG GLXY DAILY TARGET ETF · Aims to return twice the daily move of Galaxy Digital (GLXY)

Issuer Leverage Shares T-REX

Sets out to return +2x +2x

Underlying asset GLXY GLXY

Segment company company

Fund returned, 3 months or since launch −40.0% −39.8%

Underlying returned, over that window −12.1% −12.1%

What the stated multiple implies, over that window −24.1% −24.1%

Difference from stated, over that window −15.9 pts −15.7 pts

Fund returned, 1 year or since launch −84.5% −84.2%

Difference from stated, over that window −19.0 pts −18.7 pts

Underlying volatility 91% 91%

Difference over the days both have traded −15.9 pts −15.7 pts

Expense ratio 0.76% 1.50%

Launched Aug 21, 2025 Aug 8, 2025

Net assets $2m $14m

GLGG and GLXU on the same fields, as of Sep 30, 2026. Source: ETFIQ.

GLGG in plain words

Three months to Sep 30, 2026: GLGG returned −40.0% where its own daily promise gave −37.3%, 2.7 points short. Read the multiple against the whole window instead and 2 times GLXY's −12.1% implies −24.1%, which makes GLGG look 15.9 points short. 13.2 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 91% 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 30, 2026: GLXU returned −39.8% where its own daily promise gave −37.3%, 2.5 points short. Read the multiple against the whole window instead and 2 times GLXY's −12.1% implies −24.1%, which makes GLXU look 15.7 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 30, 2026, GLGG finished 15.9 points from what its multiple implies and GLXU finished 15.7 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 Galaxy Digital, 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 91% annualized and GLXU’s at 91%, 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

GLGG vs GLX GLXU vs GLX

GLGG on its own →GLXU on its own →How every figure is computed →Standards and sources →

Where these figures came from

GLGG filings on SEC EDGAR ↗GLGG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗GLXU filings on SEC EDGAR ↗GLXU prospectus with the expense ratio (SEC) ↗T-REX page for GLXU ↗

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, GLGG against GLXU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/glgg-vs-glxu

Open data

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