GOOL +2x Leverage Shares 2X Long GOOGL Daily ETF
GOOL
ETF +2x BULL standardLeverage Shares 2X Long GOOGL Daily ETF
Implied AUM
$137389
Last Close
$13.74
20260720
30d Avg Vol
9,796
Options
—
Realized return vs theoretical +2x GOOGL
Other leveraged products tracking GOOGL
| Symbol | Factor | Direction | Issuer | Name | Implied AUM | 30d Vol | Options |
|---|---|---|---|---|---|---|---|
| GGLL | +2x | BULL | Direxion | Direxion Shares ETF Trust Direxion Daily GOOGL Bull 2X ETF | $1.02B | 1,391,407 | |
| GOOX | +2x | BULL | T-Rex | T-Rex 2X Long Alphabet Daily Target ETF | $50.3M | 81,753 | |
| GOU | +2x | BULL | GraniteShares | GraniteShares 2x Long GOOGL Daily ETF | $9.1M | 61,069 |
How GOOL works
GOOL targets +2x the daily return of GOOGL — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.
Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.
- Short-term tactical: daily and intraday holds are where these products were designed to live.
- Premium selling: options on GOOL carry very rich IV — see the quote page for IV rank and straddle pricing.
- Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.