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. At a 0.27 correlation, their price movements are largely independent. 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 -63.53% return, which is significantly lower than GOU's 11.00% return.
OPEG
- 1D
- -3.36%
- 1M
- -19.47%
- YTD
- -63.53%
- 6M
- -68.52%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOU
- 1D
- -1.95%
- 1M
- -19.65%
- YTD
- 11.00%
- 6M
- 9.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OPEG vs. GOU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OPEG Leverage Shares 2X Long OPEN Daily ETF | -63.53% | -33.35% |
GOU GraniteShares 2x Long GOOGL Daily ETF | 11.00% | -5.21% |
Correlation
The correlation between OPEG and GOU is 0.27, 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 11, 2025 | 0.27 |
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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 -75.76%, which is greater than GOU's maximum drawdown of -38.44%. 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 | -75.76% | -38.44% | -37.32% |
Current DrawdownCurrent decline from peak | -75.76% | -27.59% | -48.17% |
Average DrawdownAverage peak-to-trough decline | -52.92% | -12.10% | -40.82% |
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 | 146.24% | 59.94% | +86.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 146.24% | 59.94% | +86.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 146.24% | 59.94% | +86.30% |
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 0.27, 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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