GOU vs SPAQ
Comparison between GRANITESHARES 2X LONG GOOGL DAILY ETF (GOU, ETF) and HORIZON KINETICS SPAC ACTIVE ETF (SPAQ, ETF).
GOU vs SPAQ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GOU
$9.90M
Winner
SPAQ
$10M
Expense Ratio
GOU
N/A
SPAQ
0.85%
Max Drawdown
GOU
38.44%
Winner
SPAQ
17.06%
Sharpe Ratio
Winner
GOU
0.73
SPAQ
0.14
5Y Beta
GOU
2.58
Winner
SPAQ
0.00
P/E Ratio
GOU
N/A
SPAQ
-16.72
Forward P/E
GOU
N/A
SPAQ
40.16
Debt to Equity
GOU
N/A
SPAQ
0.00%
P/S Ratio
GOU
N/A
SPAQ
3.13
P/B Ratio
GOU
N/A
SPAQ
2.08
GOU vs SPAQ - Historical Returns
Returns include dividend reinvestment.
1M
GOU
-15.29%
Winner
SPAQ
+1.97%
3M
Winner
GOU
+32.26%
SPAQ
+3.75%
6M
Winner
GOU
+22.85%
SPAQ
+2.32%
1Y
GOU
N/A
SPAQ
+4.72%
Max(CAGR)
Winner
GOU
+34.73%
SPAQ
+6.19%
GOU vs SPAQ - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | GOU | SPAQ |
|---|---|---|
| 2026 | +19.39% | +3.56% |
| 2025 | -2.90% | +7.39% |
| 2024 | N/A | +4.68% |
| 2023 | N/A | +5.52% |
GOU vs SPAQ Drawdown Comparison
The maximum drawdown for GOU was -38.44%, occurring on Mar 30, 2026. Recovery took 61 trading sessions.
The maximum drawdown for SPAQ was -5.30%, occurring on Sep 17, 2025. Recovery took 76 trading sessions.
The current GOU drawdown is -21.42%. The current SPAQ drawdown is -0.14%.
| Rank | GOU | SPAQ |
|---|---|---|
| #1 | -38.44% Feb 2, 2026 - Apr 30, 2026 | -5.30% Jun 20, 2025 - Oct 8, 2025 |
| #2 | -23.02% May 13, 2026 - Jun 10, 2026 | -4.05% Dec 13, 2023 - Mar 18, 2024 |
| #3 | -15.26% Dec 5, 2025 - Jan 8, 2026 | -3.95% Oct 15, 2025 - May 26, 2026 |
| #4 | -8.31% Jan 13, 2026 - Jan 29, 2026 | -3.55% Aug 22, 2024 - Oct 18, 2024 |
| #5 | -6.71% May 8, 2026 - May 13, 2026 | -0.96% Feb 12, 2025 - Feb 19, 2025 |
| #6 | -1.92% Dec 3, 2025 - Dec 5, 2025 | -0.84% Nov 5, 2024 - Dec 6, 2024 |
| #7 | -1.41% Apr 30, 2026 - May 5, 2026 | -0.79% Jul 27, 2023 - Aug 10, 2023 |
| #8 | -0.59% May 6, 2026 - May 8, 2026 | -0.75% May 27, 2025 - May 29, 2025 |
| #9 | N/A | -0.71% Mar 7, 2025 - Mar 18, 2025 |
| #10 | N/A | -0.71% Jun 9, 2025 - Jun 16, 2025 |
| #11 | N/A | -0.68% Mar 21, 2025 - Apr 25, 2025 |
| #12 | N/A | -0.60% Oct 28, 2024 - Nov 5, 2024 |
| #13 | N/A | -0.52% Mar 21, 2023 - Apr 12, 2023 |
| #14 | N/A | -0.50% Nov 29, 2023 - Dec 6, 2023 |
| #15 | N/A | -0.50% May 29, 2025 - Jun 6, 2025 |
Correlation
Correlation between GOU and SPAQ is 0.74 which considered as a strong positive correlation - the stocks tend to move together.
0.74
-101
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