FTEC vs. GOOX
FTEC (Fidelity MSCI Information Technology Index ETF) and GOOX (T-Rex 2X Long Alphabet Daily Target ETF) are both exchange-traded funds - FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index, while GOOX is a Leveraged Equities fund actively managed by T-Rex. FTEC is passively managed, while GOOX is actively managed. Over the past year, FTEC returned 37.50% vs 213.88% for GOOX. Their 0.50 correlation means they have sometimes moved together and sometimes differently. FTEC charges 0.08%/yr vs 1.05%/yr for GOOX.
Performance
FTEC vs. GOOX - Performance Comparison
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Returns By Period
In the year-to-date period, FTEC achieves a 22.53% return, which is significantly lower than GOOX's 24.05% return.
FTEC
- 1D
- 1.71%
- 1M
- 0.31%
- 6M
- 22.49%
- YTD
- 22.53%
- 1Y
- 37.50%
- 3Y*
- 29.49%
- 5Y*
- 18.32%
- 10Y*
- 23.79%
- ALL TIME*
- 21.60%
GOOX
- 1D
- 8.51%
- 1M
- 6.14%
- 6M
- 3.76%
- YTD
- 24.05%
- 1Y
- 213.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 71.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $86.23M | $78.73M | $94.95M | |
| $9.21M | $7.02M | $7.62M |
FTEC vs. GOOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 22.53% | 22.11% | 30.81% |
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 24.05% | 121.41% | 44.31% |
Correlation
The correlation between FTEC and GOOX is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.50 |
The correlation between FTEC and GOOX has been stable across timeframes, ranging from 0.41 to 0.50 - a consistent structural relationship.
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Return for Risk
FTEC vs. GOOX — Risk / Return Rank
FTEC
GOOX
FTEC vs. GOOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) 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.
| FTEC | GOOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.46 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 5.52 | -3.20 |
| Martin ratioReturn relative to average drawdown | 6.23 | 14.22 | -7.99 |
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Drawdowns
FTEC vs. GOOX - Drawdown Comparison
The maximum FTEC drawdown since its inception was -34.95%, smaller than the maximum GOOX drawdown of -52.46%. Use the drawdown chart below to compare losses from any high point for FTEC and GOOX.
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Drawdown Indicators
| FTEC | GOOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.95% | -52.46% | +17.51% |
Max Drawdown (1Y)Largest decline over 1 year | -16.26% | -39.00% | +22.74% |
Max Drawdown (3Y)Largest decline over 3 years | -27.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.95% | — | — |
Current DrawdownCurrent decline from peak | -8.48% | -17.55% | +9.07% |
Average DrawdownAverage peak-to-trough decline | -5.59% | -17.47% | +11.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.04% | 15.11% | -9.07% |
Volatility
FTEC vs. GOOX - Volatility Comparison
The current volatility for Fidelity MSCI Information Technology Index ETF (FTEC) is 8.41%, while T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a volatility of 27.63%. This indicates that FTEC 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.
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Volatility by Period
| FTEC | GOOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 27.63% | -19.22% |
Volatility (6M)Calculated over the trailing 6-month period | 20.16% | 49.57% | -29.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.30% | 64.16% | -39.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.89% | 61.98% | -36.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.99% | 61.98% | -36.99% |
FTEC vs. GOOX - Expense Ratio Comparison
FTEC has a 0.08% expense ratio, which is lower than GOOX's 1.05% expense ratio.
Dividends
FTEC vs. GOOX - Dividend Comparison
FTEC's dividend yield for the trailing twelve months is around 0.36%, more than GOOX's 0.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 0.36% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 0.25% | 0.30% | 16.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTEC and GOOX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOX has higher volatility (27.63%) compared to FTEC (8.41%). In terms of maximum drawdown, FTEC dropped -34.95% vs GOOX's -52.46%.
On 1-year performance, GOOX leads with 213.88% vs 37.50% for FTEC. On fees, FTEC is cheaper at 0.08% per year. On volatility, FTEC has been the lower-risk option at 8.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GOOX has performed better with a 213.88% return vs 37.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTEC is cheaper with a 0.08% expense ratio, compared with 1.05% for GOOX.
FTEC has the higher dividend yield at 0.36%, compared with 0.25% for GOOX.
FTEC is categorized as Technology Equities, while GOOX is Leveraged Equities. They also come from different issuers: Fidelity and T-Rex. Their fees differ too: 0.08% for FTEC and 1.05% for GOOX.
GOOX currently has the higher Sharpe Ratio (3.36 vs 1.55), 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.
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