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GOOL vs GOU: which held to its multiple?

Over the days both have traded, GOOL finished 1.5 points from its stated multiple and GOU 1.3. Leverage Shares 2X Long GOOGL Daily ETF and GraniteShares 2x Long GOOGL Daily ETF.

−16.2%
GOOL returned, since launch
−13.9%
GOU returned, 3 months
−3.8 pts
GOOL from its stated multiple
−4.6 pts
GOU from its stated multiple
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%

GOU · 3 months to Sep 30, 20264.6 pts short of its stated multiple
4.6 pts short of its stated multipleGOU returned −13.9% while 2 times GOOGL's move would have been −9.4%GOOGL −4.7% ×2 implies−9.4%GOU returned−13.9%4.6 pts short of its stated multipleGOU returned −13.9% while 2 times GOOGL's move would have been −9.4%GOOGL −4.7% ×2 implies−9.4%GOU returned−13.9%

GOU returned −13.9% while 2 times GOOGL's move would have been −9.4%

Performance, window by window

Total returnMultiple would giveDifference
WindowGOOLGOUGOOLGOUGOOLGOU
1 month+1.5%+1.6%+2.9%+2.9%−1.5 pts−1.3 pts
3 monthsnot published−13.9%not published−9.4%not published−4.6 pts
6 monthsnot published+19.6%not published+31.7%not published−12.1 pts
Since launch
GOOL Jul 2026 · GOU Dec 2025
−16.2%+0.1%−12.4%+18.5%−3.8 pts−18.4 pts

GOOL and GOU 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)
GOU
GraniteShares 2x Long GOOGL Daily ETF · Aims to return twice the daily move of Alphabet (GOOGL)
Issuer Leverage Shares GraniteShares
Sets out to return +2x +2x
Underlying asset GOOGL GOOGL
Segment company company
Fund returned, 3 months or since launch +1.5% −13.9%
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 −4.6 pts
Fund returned, 1 year or since launch −16.2% +0.1%
Difference from stated, over that window −3.8 pts −18.4 pts
Underlying volatility 24% 34%
Difference over the days both have traded −1.5 pts −1.3 pts
Expense ratio 0.99% 1.15%
Launched Jul 7, 2026 Dec 2, 2025
Net assets $5m $18m

GOOL and GOU 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.

GOU in plain words

Three months to Sep 30, 2026: GOU returned −13.9% where its own daily promise gave −11.7%, 2.2 points short. Read the multiple against the whole window instead and 2 times GOOGL's −4.7% implies −9.4%, which makes GOU look 4.6 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. GOU 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 GOU?
Over the window to Sep 30, 2026, GOOL finished 1.5 points from what its multiple implies and GOU finished 4.6 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 GOU levered on the same thing?
Yes. Both are levered on Alphabet, GOOL at +2 times and GOU at +2 times the daily move.
Which one decays faster, GOOL or GOU?
Decay follows how much the underlying moves about. Over this window GOOL’s moved at 24% annualized and GOU’s at 34%, so GOU has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold GOOL or GOU 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 GOU?
GOOL charges 0.99% a year and GOU charges 1.15%, so GOOL is cheaper. Fees come from each fund's prospectus.
Other comparisons
GOOL vs GOOXGOOL vs GGLLGOOL vs GGLSGOOL vs GOGLGOU vs GGLLGOU vs GGLSGOU vs GOGLGOU vs GOOX
GOOL on its own →GOU 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 ↗GOU filings on SEC EDGAR ↗GOU prospectus with the expense ratio (SEC) ↗GraniteShares page for GOU ↗

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 GOU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/gool-vs-gou

Open data

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