GOOL +2x Leverage Shares 2X Long GOOGL Daily ETF
BULL ETF standard · Issuer Leverage Shares · Tracks GOOGL · Listed 2026-07-06
Realized vs theoretical +2x GOOGL
Cumulative return of GOOL against a clean +2x of GOOGL's return over the same window; the red line (right axis) is the gap between them.
Other leveraged products on GOOGL
3| Symbol | Factor | Direction | Issuer | Name | Implied AUM | 30d volume | Options |
|---|---|---|---|---|---|---|---|
| GGLL | +2x | BULL | Direxion | Direxion Shares ETF Trust Direxion Daily GOOGL Bull 2X ETF | $977.9M | 1,270,276 | ✓ |
| GOOX | +2x | BULL | T-Rex | T-Rex 2X Long Alphabet Daily Target ETF | $61.4M | 114,956 | ✓ |
| GOU | +2x | BULL | GraniteShares | GraniteShares 2x Long GOOGL Daily ETF | — | 167,586 |
How GOOL works
GOOL targets +2x the daily return of GOOGL — not the return over longer windows. It rebalances every day, so over weeks and months its result drifts away from +2x × the index, usually downward when the market chops around.
The maths: the drag is roughly −½ × N × (N−1) × σ² per period (N = leverage, σ = the index's volatility). For a +2x fund on an index with 25% annual volatility that is several percent a year before fees — the red line above is that drag measured.
Short-term trades (a day or a few) are what these funds are built for. Premium sellers like their rich option IV — see the quote page. Multi-day directional bets work in strong trends and get eaten in chop.
Not investment advice.