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.
GOGL returned −14.4% while 2 times GOOGL's move would have been −9.4%
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 | GOGL | GOOL | GOGL | GOOL | GOGL | GOOL |
| 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 pts | not 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 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.
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.
ETFIQ, GOGL against GOOL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/gogl-vs-gool
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, GOGL against GOOL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/gogl-vs-gool Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, GOGL against GOOL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/gogl-vs-gool
- APA
- ETFIQ. (Sep 30, 2026). GOGL against GOOL. Retrieved from https://etfiq.com/compare/leverage/gogl-vs-gool
- Markdown
- [GOGL against GOOL (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/gogl-vs-gool)