GOU vs. BEX

Last updated Jun 4, 2026

GOU (GraniteShares 2x Long GOOGL Daily ETF) and BEX (Tradr 2X Long BE Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.26, they often move in opposite directions. GOU charges 1.15%/yr vs 1.30%/yr for BEX.

Performance

GOU vs. BEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long GOOGL Daily ETF (GOU) and Tradr 2X Long BE Daily ETF (BEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GOU

• 1D: -1.53%
• 1M: -12.95%
• YTD: 21.48%
• 6M: 15.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BEX

• 1D: -10.37%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GOU vs. BEX - Yearly Performance Comparison

	2026 (YTD)
GOU GraniteShares 2x Long GOOGL Daily ETF	-14.27%
BEX Tradr 2X Long BE Daily ETF	-11.47%

Correlation

The correlation between GOU and BEX is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	-0.26

Return for Risk

GOU vs. BEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long GOOGL Daily ETF (GOU) and Tradr 2X Long BE Daily ETF (BEX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GOU	BEX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	-0.59	+1.26

Drawdowns

GOU vs. BEX - Drawdown Comparison

The maximum GOU drawdown since its inception was -38.44%, which is greater than BEX's maximum drawdown of -18.65%. Use the drawdown chart below to compare losses from any high point for GOU and BEX.

Drawdown Indicators

	GOU	BEX	Difference
Max Drawdown Largest peak-to-trough decline	-38.44%	-18.65%	-19.79%
Current Drawdown Current decline from peak	-20.75%	-11.47%	-9.28%
Average Drawdown Average peak-to-trough decline	-11.33%	-9.41%	-1.92%

Volatility

Volatility by Period

	GOU	BEX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	59.23%	184.67%	-125.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.23%	184.67%	-125.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.23%	184.67%	-125.44%

GOU vs. BEX - Expense Ratio Comparison

GOU has a 1.15% expense ratio, which is lower than BEX's 1.30% expense ratio.

Dividends

GOU vs. BEX - Dividend Comparison

Neither GOU nor BEX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GOU and BEX in my portfolio?

GOU and BEX have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GOU or BEX?

On fees, GOU is cheaper at 1.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GOU or BEX?

GOU is cheaper with a 1.15% expense ratio, compared with 1.30% for BEX.

Which ETF pays a higher dividend yield, GOU or BEX?

GOU and BEX have nearly identical dividend yields, around 0.00%.

What is the main difference between GOU and BEX?

They also come from different issuers: GraniteShares and Tradr. Their fees differ too: 1.15% for GOU and 1.30% for BEX.