OPEG vs. GOU
OPEG (Leverage Shares 2X Long OPEN Daily ETF) and GOU (GraniteShares 2x Long GOOGL Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.28 correlation means their historical movements had little consistent relationship. OPEG charges 0.75%/yr vs 1.15%/yr for GOU.
Performance
OPEG vs. GOU - Performance Comparison
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Returns By Period
In the year-to-date period, OPEG achieves a -73.24% return, which is significantly lower than GOU's 13.50% return.
OPEG
- 1D
- -2.80%
- 1M
- -45.21%
- 6M
- -62.59%
- YTD
- -73.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
GOU
- 1D
- 13.42%
- 1M
- -4.86%
- 6M
- -1.53%
- YTD
- 13.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.72M | $2.58M | $2.18M | |
| $165.72K | $271.90K | $356.31K |
OPEG vs. GOU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OPEG Leverage Shares 2X Long OPEN Daily ETF | -73.24% | -33.35% |
GOU GraniteShares 2x Long GOOGL Daily ETF | 13.50% | -5.21% |
Correlation
The correlation between OPEG and GOU is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | 0.28 |
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Return for Risk
OPEG vs. GOU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OPEN Daily ETF (OPEG) and GraniteShares 2x Long GOOGL Daily ETF (GOU). 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.
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Drawdowns
OPEG vs. GOU - Drawdown Comparison
The maximum OPEG drawdown since its inception was -83.21%, which is greater than GOU's maximum drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for OPEG and GOU.
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Drawdown Indicators
| OPEG | GOU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.21% | -40.49% | -42.72% |
Current DrawdownCurrent decline from peak | -82.21% | -25.96% | -56.25% |
Average DrawdownAverage peak-to-trough decline | -56.50% | -14.59% | -41.91% |
Volatility
OPEG vs. GOU - Volatility Comparison
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Volatility by Period
| OPEG | GOU | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 147.22% | 64.73% | +82.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 147.22% | 64.73% | +82.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 147.22% | 64.73% | +82.49% |
OPEG vs. GOU - Expense Ratio Comparison
OPEG has a 0.75% expense ratio, which is lower than GOU's 1.15% expense ratio.
Dividends
OPEG vs. GOU - Dividend Comparison
Neither OPEG nor GOU has paid dividends to shareholders.
Frequently Asked Questions
OPEG and GOU have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OPEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OPEG is cheaper with a 0.75% expense ratio, compared with 1.15% for GOU.
OPEG and GOU have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for OPEG and 1.15% for GOU.
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