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

Over the window to Sep 30, 2026, GOOL finished 1.5 points from what its multiple implies and GOOX finished 4.7 points from its own, so GOOL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are GOOL and GOOX levered on the same thing?

Yes. Both are levered on Alphabet, GOOL at +2 times and GOOX at +2 times the daily move.

Which one decays faster, GOOL or GOOX?

Decay follows how much the underlying moves about. Over this window GOOL’s moved at 24% annualized and GOOX’s at 34%, so GOOX has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold GOOL or GOOX 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, GOOL or GOOX?

GOOL charges 0.99% a year and GOOX charges 1.05%, so GOOL is cheaper. Fees come from each fund's prospectus.

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GOOL vs GOOX: which held to its multiple?

Over the days both have traded, GOOL finished 1.5 points from its stated multiple and GOOX 1.4. Leverage Shares 2X Long GOOGL Daily ETF and T-REX 2X LONG ALPHABET DAILY TARGET ETF.

−16.2%

GOOL returned, since launch

−14.1%

GOOX returned, 3 months

−3.8 pts

GOOL from its stated multiple

−4.7 pts

GOOX from its stated multiple

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%

GOOX · 3 months to Sep 30, 20264.7 pts short of its stated multiple

GOOX returned −14.1% while 2 times GOOGL's move would have been −9.4%

Performance, window by window

	Total return		Multiple would give		Difference
Window	GOOL	GOOX	GOOL	GOOX	GOOL	GOOX
1 month	+1.5%	+1.5%	+2.9%	+2.9%	−1.5 pts	−1.4 pts
3 months	not published	−14.1%	not published	−9.4%	not published	−4.7 pts
6 months	not published	+19.0%	not published	+31.7%	not published	−12.7 pts
1 year	not published	+59.7%	not published	+83.8%	not published	−24.1 pts
Since launch GOOL Jul 2026 · GOOX Jan 2024	−16.2%	+227.6%	−12.4%	not meaningful	−3.8 pts	not meaningful

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

On the same fields

GOOL

Leverage Shares 2X Long GOOGL Daily ETF · Aims to return twice the daily move of Alphabet (GOOGL)

GOOX

T-REX 2X LONG ALPHABET DAILY TARGET ETF · Aims to return twice the daily move of Alphabet (GOOGL)

Issuer Leverage Shares T-REX

Sets out to return +2x +2x

Underlying asset GOOGL GOOGL

Segment company company

Fund returned, 3 months or since launch +1.5% −14.1%

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

What the stated multiple implies, over that window +2.9% −9.4%

Difference from stated, over that window −1.5 pts −4.7 pts

Fund returned, 1 year or since launch −16.2% +59.7%

Difference from stated, over that window −3.8 pts −24.1 pts

Underlying volatility 24% 34%

Difference over the days both have traded −1.5 pts −1.4 pts

Expense ratio 0.99% 1.05%

Launched Jul 7, 2026 Jan 11, 2024

Net assets $5m $63m

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

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 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 24% 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.

GOOX in plain words

Three months to Sep 30, 2026: GOOX returned −14.1% where its own daily promise gave −11.7%, 2.4 points short. Read the multiple against the whole window instead and 2 times GOOGL's −4.7% implies −9.4%, which makes GOOX look 4.7 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. GOOX aims to return +2 times GOOGL's move each day, then resets. GOOGL moved at 34% annualized over that window.

Questions people ask

Which came closer to its stated multiple, GOOL or GOOX?: Over the window to Sep 30, 2026, GOOL finished 1.5 points from what its multiple implies and GOOX finished 4.7 points from its own, so GOOL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are GOOL and GOOX levered on the same thing?: Yes. Both are levered on Alphabet, GOOL at +2 times and GOOX at +2 times the daily move.
Which one decays faster, GOOL or GOOX?: Decay follows how much the underlying moves about. Over this window GOOL’s moved at 24% annualized and GOOX’s at 34%, so GOOX has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold GOOL or GOOX 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, GOOL or GOOX?: GOOL charges 0.99% a year and GOOX charges 1.05%, so GOOL is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

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

Where these figures came from

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

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, GOOL against GOOX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/gool-vs-goox

Open data

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