GOU vs. PYPG
GOU (GraniteShares 2x Long GOOGL Daily ETF) and PYPG (Leverage Shares 2X Long PYPL Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. GOU charges 1.15%/yr vs 0.75%/yr for PYPG.
Performance
GOU vs. PYPG - Performance Comparison
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Returns By Period
In the year-to-date period, GOU achieves a 15.13% return, which is significantly higher than PYPG's -23.41% return.
GOU
- 1D
- -8.48%
- 1M
- -11.15%
- 6M
- 2.94%
- YTD
- 15.13%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYPG
- 1D
- 4.02%
- 1M
- 61.13%
- 6M
- -18.36%
- YTD
- -23.41%
- 1Y
- -56.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOU vs. PYPG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GOU GraniteShares 2x Long GOOGL Daily ETF | 15.13% | -4.00% |
PYPG Leverage Shares 2X Long PYPL Daily ETF | -23.41% | -13.94% |
Correlation
The correlation between GOU and PYPG is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 2, 2025 | 0.17 |
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Return for Risk
GOU vs. PYPG — Risk / Return Rank
GOU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PYPG
GOU vs. PYPG - 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 PYPL Daily ETF (PYPG). 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.
| GOU | PYPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.91 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.71 | — |
| Martin ratioReturn relative to average drawdown | — | -1.00 | — |
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Drawdowns
GOU vs. PYPG - Drawdown Comparison
The maximum GOU drawdown since its inception was -38.44%, smaller than the maximum PYPG drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for GOU and PYPG.
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Drawdown Indicators
| GOU | PYPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.44% | -79.52% | +41.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -79.52% | — |
Current DrawdownCurrent decline from peak | -24.89% | -61.72% | +36.83% |
Average DrawdownAverage peak-to-trough decline | -13.30% | -41.31% | +28.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 56.30% | — |
Volatility
GOU vs. PYPG - Volatility Comparison
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Volatility by Period
| GOU | PYPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 34.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 77.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 60.85% | 85.35% | -24.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.85% | 83.28% | -22.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.85% | 83.28% | -22.43% |
GOU vs. PYPG - Expense Ratio Comparison
GOU has a 1.15% expense ratio, which is higher than PYPG's 0.75% expense ratio.
Dividends
GOU vs. PYPG - Dividend Comparison
Neither GOU nor PYPG has paid dividends to shareholders.
Frequently Asked Questions
GOU and PYPG have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PYPG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PYPG is cheaper with a 0.75% expense ratio, compared with 1.15% for GOU.
GOU and PYPG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.15% for GOU and 0.75% for PYPG.
Find the right allocation for GOU and PYPG
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