GOGL vs GOOL: which held to its multiple?

Over the days both have traded, GOGL finished 2.1 points from its stated multiple and GOOL 1.5. Corgi GOOGL 2x Daily ETF and Leverage Shares 2X Long GOOGL Daily ETF.

−14.4%
GOGL returned, 3 months
−16.2%
GOOL returned, since launch
−5.1 pts
GOGL from its stated multiple
−3.8 pts
GOOL from its stated multiple
GOGL · 3 months to Sep 30, 20265.1 pts short of its stated multiple
5.1 pts short of its stated multipleGOGL returned −14.4% while 2 times GOOGL's move would have been −9.4%GOOGL −4.7% ×2 implies−9.4%GOGL returned−14.4%5.1 pts short of its stated multipleGOGL returned −14.4% while 2 times GOOGL's move would have been −9.4%GOOGL −4.7% ×2 implies−9.4%GOGL returned−14.4%

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

GOOL · 1 month to Sep 30, 20261.5 pts short of its stated multiple
1.5 pts short of its stated multipleGOOL returned +1.5% while 2 times GOOGL's move would have been +2.9%GOOGL +1.5% ×2 implies+2.9%GOOL returned+1.5%1.5 pts short of its stated multipleGOOL returned +1.5% while 2 times GOOGL's move would have been +2.9%GOOGL +1.5% ×2 implies+2.9%GOOL returned+1.5%

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

Performance, window by window

Total returnMultiple would giveDifference
WindowGOGLGOOLGOGLGOOLGOGLGOOL
1 month+0.8%+1.5%+2.9%+2.9%−2.1 pts−1.5 pts
3 months−14.4%not published−9.4%not published−5.1 ptsnot published
Since launch
GOGL Jun 2026 · GOOL Jul 2026
−12.5%−16.2%−7.3%−12.4%−5.2 pts−3.8 pts

GOGL 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

GOGL
Corgi GOOGL 2x Daily ETF · Aims to return twice 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 Corgi Leverage Shares
Sets out to return +2x +2x
Underlying asset GOOGL GOOGL
Segment company company
Fund returned, 3 months or since launch −14.4% +1.5%
Underlying returned, over that window −4.7% +1.5%
What the stated multiple implies, over that window −9.4% +2.9%
Difference from stated, over that window −5.1 pts −1.5 pts
Fund returned, 1 year or since launch −12.5% −16.2%
Difference from stated, over that window −5.2 pts −3.8 pts
Underlying volatility 34% 24%
Difference over the days both have traded −2.1 pts −1.5 pts
Expense ratio 0.45% 0.99%
Launched Jun 30, 2026 Jul 7, 2026
Net assets $2m $5m

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

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. 2.4 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. GOGL 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.

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. GOOGL moved at 24% annualized over that window.

Questions people ask

Which came closer to its stated multiple, GOGL or GOOL?
Over the window to Sep 30, 2026, GOGL finished 5.1 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 GOGL and GOOL levered on the same thing?
Yes. Both are levered on Alphabet, GOGL at +2 times and GOOL at +2 times the daily move.
Which one decays faster, GOGL or GOOL?
Decay follows how much the underlying moves about. Over this window GOGL’s moved at 34% annualized and GOOL’s at 24%, so GOGL has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold GOGL 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, GOGL or GOOL?
GOGL charges 0.45% a year and GOOL charges 0.99%, so GOGL is cheaper. Fees come from each fund's prospectus.
Cite this page

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