# GOU (GraniteShares 2x Long GOOGL Daily ETF)

GraniteShares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: GOU returned −13.9% where its own daily promise gave −11.7%, 2.2 points short.

## Key facts

- GOU, what GOOGL did: −4.7%, as of Sep 30, 2026.
- GOU, what 2 times a day gives: −11.7%, as of Sep 30, 2026.
- GOU, what the fund returned: −13.9%, as of Sep 30, 2026.
- GOU, the fund itself cost: −2.2 pts, as of Sep 30, 2026.
- GOU, net assets: $18m (issuer page, as of Sep 30, 2026).
- GOU, expense ratio: 1.15% (485BPOS XBRL, Oct 24, 2025).

## GOU over each window to Sep 30, 2026

| Window | Fund | GOOGL | +2x the move | Difference | GOOGL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +1.6% | +1.5% | +2.9% | −1.3 pts | 24% |
| 3 months | −13.9% | −4.7% | −9.4% | −4.6 pts | 34% |
| 6 months | +19.6% | +15.8% | +31.7% | −12.1 pts | 35% |
| Since launch | +0.1% | +9.2% | +18.5% | −18.4 pts | 31% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of GOOGL, reset daily | ETFIQ |
| Multiple a holder actually got over the window | GOOGL moved −4.7% over this window, too little to read a multiple from | ETFIQ |
| Underlying | GOOGL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $18m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 1.15% | 485BPOS XBRL, Oct 24, 2025 |
| Launched | Dec 2, 2025 | ETFIQ |
| Underlying volatility over the window | 34% annualized | ETFIQ |

## Questions

### Did GOU return +2 times GOOGL?

Over the window to Sep 30, 2026, GOOGL moved −4.7% and GOU returned −13.9%. 2 times that move is −9.4%, so the fund came out 4.6 points short of it.

### Why does GOU not return +2 times over a year?

Because it resets daily. GOU aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x GOOGL ETF tracked its stated multiple most closely?

5 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the figure itself.


## Cite this page

ETFIQ, GOU, data as of Sep 30, 2026. https://etfiq.com/funds/gou
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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