BAI vs. GOOX

Last updated Aug 1, 2026

BAI (iShares A.I. Innovation and Tech Active ETF) and GOOX (T-Rex 2X Long Alphabet Daily Target ETF) are both exchange-traded funds - BAI is a Technology Equities fund actively managed by iShares, while GOOX is a Leveraged Equities fund actively managed by T-Rex. Both are actively managed. Over the past year, BAI returned 38.36% vs 189.26% for GOOX. Their 0.48 correlation means their historical movements had little consistent relationship. BAI charges 0.55%/yr vs 1.05%/yr for GOOX.

Performance

BAI vs. GOOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares A.I. Innovation and Tech Active ETF (BAI) and T-Rex 2X Long Alphabet Daily Target ETF (GOOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAI achieves a 24.14% return, which is significantly higher than GOOX's 14.32% return.

BAI

• 1D: 0.63%
• 1M: -12.04%
• 6M: 19.93%
• YTD: 24.14%
• 1Y: 38.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 34.60%

GOOX

• 1D: 14.09%
• 1M: -2.18%
• 6M: -0.73%
• YTD: 14.32%
• 1Y: 189.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 66.14%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BAI iShares A.I. Innovation and Tech Active ETF	$167.58M	$166.96M	$208.62M
GOOX T-Rex 2X Long Alphabet Daily Target ETF	$8.35M	$6.68M	$7.65M

BAI vs. GOOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BAI iShares A.I. Innovation and Tech Active ETF	24.14%	25.22%	8.89%
GOOX T-Rex 2X Long Alphabet Daily Target ETF	14.32%	121.41%	27.51%

Correlation

The correlation between BAI and GOOX is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024	0.48

Return for Risk

BAI vs. GOOX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BAI

BAI Risk / Return Rank: 35
BAI Sharpe Ratio Rank: 33
BAI Sortino Ratio Rank: 34
BAI Omega Ratio Rank: 35
BAI Calmar Ratio Rank: 34
BAI Martin Ratio Rank: 39

GOOX

GOOX Risk / Return Rank: 91
GOOX Sharpe Ratio Rank: 96
GOOX Sortino Ratio Rank: 92
GOOX Omega Ratio Rank: 89
GOOX Calmar Ratio Rank: 94
GOOX Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BAI vs. GOOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares A.I. Innovation and Tech Active ETF (BAI) and T-Rex 2X Long Alphabet Daily Target ETF (GOOX). 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.

	BAI	GOOX	Difference
Sharpe ratio: Return per unit of total volatility	0.82	2.84	-2.02
Sortino ratio: Return per unit of downside risk	1.30	3.39	-2.10
Omega ratio: Gain probability vs. loss probability	1.17	1.41	-0.25
Calmar ratio: Return relative to maximum drawdown	1.13	4.63	-3.50
Martin ratio: Return relative to average drawdown	4.19	11.97	-7.78

BAI vs. GOOX - Sharpe Ratio Comparison

The current BAI Sharpe Ratio is 0.82, which is lower than the GOOX Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of BAI and GOOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BAI vs. GOOX - Drawdown Comparison

The maximum BAI drawdown since its inception was -34.09%, smaller than the maximum GOOX drawdown of -52.46%. Use the drawdown chart below to compare losses from any high point for BAI and GOOX.

Drawdown Indicators

	BAI	GOOX	Difference
Max Drawdown Largest peak-to-trough decline	-34.09%	-52.46%	+18.37%
Max Drawdown (1Y) Largest decline over 1 year	-30.85%	-39.00%	+8.15%
Current Drawdown Current decline from peak	-23.77%	-24.02%	+0.25%
Average Drawdown Average peak-to-trough decline	-7.42%	-17.47%	+10.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.33%	15.07%	-6.74%

Volatility

BAI vs. GOOX - Volatility Comparison

The current volatility for iShares A.I. Innovation and Tech Active ETF (BAI) is 19.15%, while T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a volatility of 26.36%. This indicates that BAI experiences smaller price fluctuations and is considered to be less risky than GOOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAI	GOOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.15%	26.36%	-7.21%
Volatility (6M) Calculated over the trailing 6-month period	37.57%	48.89%	-11.32%
Volatility (1Y) Calculated over the trailing 1-year period	42.83%	63.83%	-21.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.75%	61.81%	-22.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.75%	61.81%	-22.06%

BAI vs. GOOX - Expense Ratio Comparison

BAI has a 0.55% expense ratio, which is lower than GOOX's 1.05% expense ratio.

Dividends

BAI vs. GOOX - Dividend Comparison

BAI's dividend yield for the trailing twelve months is around 1.44%, more than GOOX's 0.27% yield.

Position	TTM	2025	2024
BAI iShares A.I. Innovation and Tech Active ETF	1.44%	1.80%	0.00%
GOOX T-Rex 2X Long Alphabet Daily Target ETF	0.27%	0.30%	16.78%

Frequently Asked Questions

Can I hold both BAI and GOOX in my portfolio?

BAI and GOOX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAI or GOOX?

GOOX has higher volatility (26.36%) compared to BAI (19.15%). In terms of maximum drawdown, BAI dropped -34.09% vs GOOX's -52.46%.

Which ETF is better, BAI or GOOX?

On 1-year performance, GOOX leads with 189.26% vs 38.36% for BAI. On fees, BAI is cheaper at 0.55% per year. On volatility, BAI has been the lower-risk option at 19.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BAI or GOOX?

Over the 1-year period, GOOX has performed better with a 189.26% return vs 38.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BAI or GOOX?

BAI is cheaper with a 0.55% expense ratio, compared with 1.05% for GOOX.

Which ETF pays a higher dividend yield, BAI or GOOX?

BAI has the higher dividend yield at 1.44%, compared with 0.27% for GOOX.

What is the main difference between BAI and GOOX?

BAI is categorized as Technology Equities, while GOOX is Leveraged Equities. They also come from different issuers: iShares and T-Rex. Their fees differ too: 0.55% for BAI and 1.05% for GOOX.

Which has better risk-adjusted returns?

GOOX currently has the higher Sharpe Ratio (2.84 vs 0.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.