FDGR vs. GOOX
Compare and contrast key facts about Foundations Dynamic Growth ETF (FDGR) and T-Rex 2X Long Alphabet Daily Target ETF (GOOX).
FDGR and GOOX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDGR is an actively managed fund by Foundations. It was launched on Oct 2, 2023. GOOX is an actively managed fund by T-Rex. It was launched on Jan 10, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDGR or GOOX.
Correlation
The correlation between FDGR and GOOX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FDGR vs. GOOX - Performance Comparison
Key characteristics
FDGR:
0.26
GOOX:
-0.32
FDGR:
0.51
GOOX:
-0.07
FDGR:
1.07
GOOX:
0.99
FDGR:
0.28
GOOX:
-0.39
FDGR:
1.05
GOOX:
-0.85
FDGR:
5.45%
GOOX:
24.13%
FDGR:
22.10%
GOOX:
63.20%
FDGR:
-20.24%
GOOX:
-52.46%
FDGR:
-15.24%
GOOX:
-48.72%
Returns By Period
In the year-to-date period, FDGR achieves a -11.63% return, which is significantly higher than GOOX's -39.70% return.
FDGR
-11.63%
-5.86%
-7.72%
9.02%
N/A
N/A
GOOX
-39.70%
-16.48%
-22.67%
-20.08%
N/A
N/A
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FDGR vs. GOOX - Expense Ratio Comparison
FDGR has a 0.79% expense ratio, which is lower than GOOX's 1.05% expense ratio.
Risk-Adjusted Performance
FDGR vs. GOOX — Risk-Adjusted Performance Rank
FDGR
GOOX
FDGR vs. GOOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Foundations Dynamic Growth ETF (FDGR) 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.
Dividends
FDGR vs. GOOX - Dividend Comparison
FDGR has not paid dividends to shareholders, while GOOX's dividend yield for the trailing twelve months is around 27.83%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
FDGR Foundations Dynamic Growth ETF | 0.00% | 0.00% | 0.11% |
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 27.83% | 16.78% | 0.00% |
Drawdowns
FDGR vs. GOOX - Drawdown Comparison
The maximum FDGR drawdown since its inception was -20.24%, smaller than the maximum GOOX drawdown of -52.46%. Use the drawdown chart below to compare losses from any high point for FDGR and GOOX. For additional features, visit the drawdowns tool.
Volatility
FDGR vs. GOOX - Volatility Comparison
The current volatility for Foundations Dynamic Growth ETF (FDGR) is 14.14%, while T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a volatility of 30.07%. This indicates that FDGR 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.