FNGU vs. GOOX

Last updated Aug 5, 2026

FNGU (MicroSectors FANG+ 3X Leveraged ETNs) and GOOX (T-Rex 2X Long Alphabet Daily Target ETF) are both Leveraged Equities funds. FNGU is passively managed, while GOOX is actively managed. Over the past year, FNGU returned 31.91% vs 200.27% for GOOX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. FNGU charges 2.60%/yr vs 1.05%/yr for GOOX.

Performance

FNGU vs. GOOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+ 3X Leveraged ETNs (FNGU) 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, FNGU achieves a 29.30% return, which is significantly higher than GOOX's 26.02% return.

FNGU

• 1D: 13.28%
• 1M: 23.29%
• 6M: 51.91%
• YTD: 29.30%
• 1Y: 31.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.84%

GOOX

• 1D: 1.59%
• 1M: 7.84%
• 6M: 7.89%
• YTD: 26.02%
• 1Y: 200.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 72.21%

*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)
FNGU MicroSectors FANG+ 3X Leveraged ETNs	$124.87M	$122.34M	$155.63M
GOOX T-Rex 2X Long Alphabet Daily Target ETF	$9.51M	$7.09M	$7.60M

FNGU vs. GOOX - Yearly Performance Comparison

	2026 (YTD)	2025
FNGU MicroSectors FANG+ 3X Leveraged ETNs	29.30%	3.02%
GOOX T-Rex 2X Long Alphabet Daily Target ETF	26.02%	135.57%

Correlation

The correlation between FNGU and GOOX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.60

The correlation between FNGU and GOOX has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.

Return for Risk

FNGU vs. GOOX — Risk / Return Rank

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

FNGU

FNGU Risk / Return Rank: 22
FNGU Sharpe Ratio Rank: 20
FNGU Sortino Ratio Rank: 27
FNGU Omega Ratio Rank: 26
FNGU Calmar Ratio Rank: 19
FNGU Martin Ratio Rank: 18

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.

FNGU vs. GOOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ 3X Leveraged ETNs (FNGU) 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.

	FNGU	GOOX	Difference
Sharpe ratio: Return per unit of total volatility	0.48	3.16	-2.68
Sortino ratio: Return per unit of downside risk	1.09	3.61	-2.52
Omega ratio: Gain probability vs. loss probability	1.13	1.44	-0.31
Calmar ratio: Return relative to maximum drawdown	0.54	5.17	-4.63
Martin ratio: Return relative to average drawdown	1.20	13.28	-12.09

FNGU vs. GOOX - Sharpe Ratio Comparison

The current FNGU Sharpe Ratio is 0.48, which is lower than the GOOX Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of FNGU 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

FNGU vs. GOOX - Drawdown Comparison

The maximum FNGU drawdown since its inception was -61.30%, which is greater than GOOX's maximum drawdown of -52.46%. Use the drawdown chart below to compare losses from any high point for FNGU and GOOX.

Drawdown Indicators

	FNGU	GOOX	Difference
Max Drawdown Largest peak-to-trough decline	-61.30%	-52.46%	-8.84%
Max Drawdown (1Y) Largest decline over 1 year	-59.55%	-39.00%	-20.55%
Current Drawdown Current decline from peak	-9.65%	-16.24%	+6.59%
Average Drawdown Average peak-to-trough decline	-22.57%	-17.47%	-5.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.71%	15.14%	+11.57%

Volatility

FNGU vs. GOOX - Volatility Comparison

The current volatility for MicroSectors FANG+ 3X Leveraged ETNs (FNGU) is 22.79%, while T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a volatility of 27.30%. This indicates that FNGU 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

	FNGU	GOOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.79%	27.30%	-4.51%
Volatility (6M) Calculated over the trailing 6-month period	55.65%	49.45%	+6.20%
Volatility (1Y) Calculated over the trailing 1-year period	67.12%	64.04%	+3.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.47%	61.93%	+18.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.47%	61.93%	+18.54%

FNGU vs. GOOX - Expense Ratio Comparison

FNGU has a 2.60% expense ratio, which is higher than GOOX's 1.05% expense ratio.

Dividends

FNGU vs. GOOX - Dividend Comparison

FNGU has not paid dividends to shareholders, while GOOX's dividend yield for the trailing twelve months is around 0.24%.

Position	TTM	2025	2024
FNGU MicroSectors FANG+ 3X Leveraged ETNs	0.00%	0.00%	0.00%
GOOX T-Rex 2X Long Alphabet Daily Target ETF	0.24%	0.30%	16.78%

Frequently Asked Questions

Can I hold both FNGU and GOOX in my portfolio?

FNGU and GOOX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNGU or GOOX?

GOOX has higher volatility (27.30%) compared to FNGU (22.79%). In terms of maximum drawdown, FNGU dropped -61.30% vs GOOX's -52.46%.

Which ETF is better, FNGU or GOOX?

On 1-year performance, GOOX leads with 200.27% vs 31.91% for FNGU. On fees, GOOX is cheaper at 1.05% per year. On volatility, FNGU has been the lower-risk option at 22.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FNGU or GOOX?

Over the 1-year period, GOOX has performed better with a 200.27% return vs 31.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNGU or GOOX?

GOOX is cheaper with a 1.05% expense ratio, compared with 2.60% for FNGU.

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

GOOX has the higher dividend yield at 0.24%, compared with 0.00% for FNGU.

What is the main difference between FNGU and GOOX?

They also come from different issuers: BMO and T-Rex. Their fees differ too: 2.60% for FNGU and 1.05% for GOOX.

Which has better risk-adjusted returns?

GOOX currently has the higher Sharpe Ratio (3.16 vs 0.48), 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.