GOU vs. ORLG

Last updated Jul 17, 2026

GOU (GraniteShares 2x Long GOOGL Daily ETF) and ORLG (Leverage Shares 2X Long ORLY Daily ETF) are both Leveraged Equities funds. GOU is actively managed, while ORLG is passively managed. At a 0.03 correlation, their price movements are largely independent. GOU charges 1.15%/yr vs 0.75%/yr for ORLG.

Performance

GOU vs. ORLG - Performance Comparison

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

Returns By Period

GOU

• 1D: -8.48%
• 1M: -11.15%
• 6M: 2.94%
• YTD: 15.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ORLG

• 1D: 8.37%
• 1M: -11.93%
• 6M: -23.86%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GOU vs. ORLG - Yearly Performance Comparison

	2026 (YTD)
GOU GraniteShares 2x Long GOOGL Daily ETF	0.93%
ORLG Leverage Shares 2X Long ORLY Daily ETF	-25.87%

Correlation

The correlation between GOU and ORLG is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 15, 2026	0.03

Return for Risk

GOU vs. ORLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long GOOGL Daily ETF (GOU) and Leverage Shares 2X Long ORLY Daily ETF (ORLG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

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

Drawdowns

GOU vs. ORLG - Drawdown Comparison

The maximum GOU drawdown since its inception was -38.44%, roughly equal to the maximum ORLG drawdown of -39.93%. Use the drawdown chart below to compare losses from any high point for GOU and ORLG.

Drawdown Indicators

	GOU	ORLG	Difference
Max Drawdown Largest peak-to-trough decline	-38.44%	-39.93%	+1.49%
Current Drawdown Current decline from peak	-24.89%	-34.91%	+10.02%
Average Drawdown Average peak-to-trough decline	-13.30%	-20.65%	+7.35%

Volatility

Volatility by Period

	GOU	ORLG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	60.85%	59.08%	+1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.85%	59.08%	+1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.85%	59.08%	+1.77%

GOU vs. ORLG - Expense Ratio Comparison

GOU has a 1.15% expense ratio, which is higher than ORLG's 0.75% expense ratio.

Dividends

GOU vs. ORLG - Dividend Comparison

Neither GOU nor ORLG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GOU and ORLG in my portfolio?

GOU and ORLG have a correlation of 0.03, 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 ORLG?

On fees, ORLG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GOU or ORLG?

ORLG is cheaper with a 0.75% expense ratio, compared with 1.15% for GOU.

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

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

What is the main difference between GOU and ORLG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.15% for GOU and 0.75% for ORLG.