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

Over the window to Sep 30, 2026, GLX finished 15.6 points from what its multiple implies and GLXU finished 15.7 points from its own, so GLX 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 Galaxy Digital, 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 91% annualized and GLXU’s at 91%, so GLX 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.

Which is cheaper, GLX or GLXU?

GLX charges 0.45% a year and GLXU charges 1.50%, so GLX is cheaper. Fees come from each fund's prospectus.

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GLX vs GLXU: which held to its multiple?

Over the days both have traded, GLX finished 15.6 points from its stated multiple and GLXU 15.7. Corgi GLXY 2x Daily ETF and T-REX 2X LONG GLXY DAILY TARGET ETF.

−39.7%

GLX returned, 3 months

−39.8%

GLXU returned, 3 months

−15.6 pts

GLX from its stated multiple

−15.7 pts

GLXU from its stated multiple

GLX · 3 months to Sep 30, 202615.6 pts short of its stated multiple

GLX returned −39.7% 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 · GLX scores higherDid it keep up with its own daily multiple, compounded day by day?

GLX 57.6

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	GLX	GLXU	GLX	GLXU	GLX	GLXU
1 month	−19.4%	−19.3%	−15.1%	−15.1%	−4.3 pts	−4.1 pts
3 months	−39.7%	−39.8%	−24.1%	−24.1%	−15.6 pts	−15.7 pts
6 months	not published	+6.9%	not published	+61.8%	not published	−55.0 pts
1 year	not published	−84.2%	not published	−65.5%	not published	−18.7 pts
Since launch GLX Jun 2026 · GLXU Aug 2025	−45.9%	−79.2%	−33.7%	−36.3%	−12.3 pts	−42.9 pts

GLX 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

GLX

Corgi GLXY 2x 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 Corgi T-REX

Sets out to return +2x +2x

Underlying asset GLXY GLXY

Segment company company

Fund returned, 3 months or since launch −39.7% −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 −15.6 pts −15.7 pts

Fund returned, 1 year or since launch −45.9% −84.2%

Difference from stated, over that window −12.3 pts −18.7 pts

Underlying volatility 91% 91%

Difference over the days both have traded −15.6 pts −15.7 pts

Expense ratio 0.45% 1.50%

Launched Jun 30, 2026 Aug 8, 2025

Net assets $247,354 $14m

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

GLX in plain words

Three months to Sep 30, 2026: GLX returned −39.7% where its own daily promise gave −37.3%, 2.4 points short. Read the multiple against the whole window instead and 2 times GLXY's −12.1% implies −24.1%, which makes GLX look 15.6 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. 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 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, GLX or GLXU?: Over the window to Sep 30, 2026, GLX finished 15.6 points from what its multiple implies and GLXU finished 15.7 points from its own, so GLX 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 Galaxy Digital, 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 91% annualized and GLXU’s at 91%, so GLX 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.
Which is cheaper, GLX or GLXU?: GLX charges 0.45% a year and GLXU charges 1.50%, so GLX is cheaper. Fees come from each fund's prospectus.

Other comparisons

GLX vs GLGG GLXU vs GLGG

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

Where these figures came from

GLX filings on SEC EDGAR ↗GLX prospectus with the expense ratio (SEC) ↗Corgi 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, GLX against GLXU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/glx-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.