FCLD vs. GOOX

Last updated Aug 2, 2026

FCLD (Fidelity Cloud Computing ETF) and GOOX (T-Rex 2X Long Alphabet Daily Target ETF) are both exchange-traded funds - FCLD is a Technology Equities fund tracking the Fidelity Cloud Computing Index - Benchmark TR Gross, while GOOX is a Leveraged Equities fund actively managed by T-Rex. FCLD is passively managed, while GOOX is actively managed. Over the past year, FCLD returned 45.67% vs 189.26% for GOOX. Their 0.43 correlation means their historical movements had little consistent relationship. FCLD charges 0.39%/yr vs 1.05%/yr for GOOX.

Performance

FCLD vs. GOOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Cloud Computing ETF (FCLD) 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, FCLD achieves a 33.66% return, which is significantly higher than GOOX's 14.32% return.

FCLD

• 1D: 1.33%
• 1M: 4.17%
• 6M: 35.89%
• YTD: 33.66%
• 1Y: 45.67%
• 3Y*: 24.29%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.63%

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)
FCLD Fidelity Cloud Computing ETF	$599.13K	$567.95K	$795.73K
GOOX T-Rex 2X Long Alphabet Daily Target ETF	$8.35M	$6.68M	$7.65M

FCLD vs. GOOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FCLD Fidelity Cloud Computing ETF	33.66%	8.19%	23.34%
GOOX T-Rex 2X Long Alphabet Daily Target ETF	14.32%	121.41%	44.31%

Correlation

The correlation between FCLD and GOOX is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.38
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.43

Return for Risk

FCLD vs. GOOX — Risk / Return Rank

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

FCLD

FCLD Risk / Return Rank: 56
FCLD Sharpe Ratio Rank: 58
FCLD Sortino Ratio Rank: 57
FCLD Omega Ratio Rank: 52
FCLD Calmar Ratio Rank: 66
FCLD Martin Ratio Rank: 48

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.

FCLD vs. GOOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Cloud Computing ETF (FCLD) 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.

	FCLD	GOOX	Difference
Sharpe ratio: Return per unit of total volatility	1.38	2.84	-1.46
Sortino ratio: Return per unit of downside risk	1.95	3.39	-1.45
Omega ratio: Gain probability vs. loss probability	1.23	1.41	-0.18
Calmar ratio: Return relative to maximum drawdown	2.28	4.63	-2.36
Martin ratio: Return relative to average drawdown	5.48	11.97	-6.48

FCLD vs. GOOX - Sharpe Ratio Comparison

The current FCLD Sharpe Ratio is 1.38, which is lower than the GOOX Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of FCLD 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

FCLD vs. GOOX - Drawdown Comparison

The maximum FCLD drawdown since its inception was -50.85%, roughly equal to the maximum GOOX drawdown of -52.46%. Use the drawdown chart below to compare losses from any high point for FCLD and GOOX.

Drawdown Indicators

	FCLD	GOOX	Difference
Max Drawdown Largest peak-to-trough decline	-50.85%	-52.46%	+1.61%
Max Drawdown (1Y) Largest decline over 1 year	-17.48%	-39.00%	+21.52%
Max Drawdown (3Y) Largest decline over 3 years	-34.80%	—	—
Current Drawdown Current decline from peak	-4.65%	-24.02%	+19.37%
Average Drawdown Average peak-to-trough decline	-20.08%	-17.47%	-2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.31%	15.07%	-7.76%

Volatility

FCLD vs. GOOX - Volatility Comparison

The current volatility for Fidelity Cloud Computing ETF (FCLD) is 6.98%, while T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a volatility of 26.36%. This indicates that FCLD 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

	FCLD	GOOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.98%	26.36%	-19.38%
Volatility (6M) Calculated over the trailing 6-month period	22.27%	48.89%	-26.62%
Volatility (1Y) Calculated over the trailing 1-year period	28.80%	63.83%	-35.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.39%	61.81%	-31.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.39%	61.81%	-31.42%

FCLD vs. GOOX - Expense Ratio Comparison

FCLD has a 0.39% expense ratio, which is lower than GOOX's 1.05% expense ratio.

Dividends

FCLD vs. GOOX - Dividend Comparison

FCLD's dividend yield for the trailing twelve months is around 0.01%, less than GOOX's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021
FCLD Fidelity Cloud Computing ETF	0.01%	0.03%	0.13%	0.17%	0.26%	0.13%
GOOX T-Rex 2X Long Alphabet Daily Target ETF	0.27%	0.30%	16.78%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCLD and GOOX in my portfolio?

FCLD and GOOX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCLD or GOOX?

GOOX has higher volatility (26.36%) compared to FCLD (6.98%). In terms of maximum drawdown, FCLD dropped -50.85% vs GOOX's -52.46%.

Which ETF is better, FCLD or GOOX?

On 1-year performance, GOOX leads with 189.26% vs 45.67% for FCLD. On fees, FCLD is cheaper at 0.39% per year. On volatility, FCLD has been the lower-risk option at 6.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FCLD or GOOX?

Over the 1-year period, GOOX has performed better with a 189.26% return vs 45.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FCLD or GOOX?

FCLD is cheaper with a 0.39% expense ratio, compared with 1.05% for GOOX.

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

GOOX has the higher dividend yield at 0.27%, compared with 0.01% for FCLD.

What is the main difference between FCLD and GOOX?

FCLD is categorized as Technology Equities, while GOOX is Leveraged Equities. They also come from different issuers: Fidelity and T-Rex. Their fees differ too: 0.39% for FCLD and 1.05% for GOOX.

Which has better risk-adjusted returns?

GOOX currently has the higher Sharpe Ratio (2.84 vs 1.38), 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.