GGME vs. GOOX
GGME (Invesco Next Gen Media and Gaming ETF) and GOOX (T-Rex 2X Long Alphabet Daily Target ETF) are both exchange-traded funds - GGME is a Technology Equities fund tracking the STOXX World AC NexGen Media Index - Benchmark TR Gross, while GOOX is a Leveraged Equities fund actively managed by T-Rex. GGME is passively managed, while GOOX is actively managed. Over the past year, GGME returned 1.20% vs 213.88% for GOOX. Their 0.50 correlation means they have sometimes moved together and sometimes differently. GGME charges 0.60%/yr vs 1.05%/yr for GOOX.
Performance
GGME vs. GOOX - Performance Comparison
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Returns By Period
In the year-to-date period, GGME achieves a 2.98% return, which is significantly lower than GOOX's 24.05% return.
GGME
- 1D
- 1.63%
- 1M
- 0.97%
- 6M
- 8.87%
- YTD
- 2.98%
- 1Y
- 1.20%
- 3Y*
- 20.36%
- 5Y*
- 3.78%
- 10Y*
- 9.90%
- ALL TIME*
- 7.56%
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) |
|---|---|---|---|
| $154.10K | $130.09K | $148.95K | |
| $9.21M | $7.02M | $7.62M |
GGME vs. GOOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GGME Invesco Next Gen Media and Gaming ETF | 2.98% | 16.39% | 34.01% |
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 24.05% | 121.41% | 44.31% |
Correlation
The correlation between GGME and GOOX is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.50 |
The correlation between GGME and GOOX has been stable across timeframes, ranging from 0.44 to 0.50 - a consistent structural relationship.
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Return for Risk
GGME vs. GOOX — Risk / Return Rank
GGME
GOOX
GGME vs. GOOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Media and Gaming ETF (GGME) 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.
| GGME | GOOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.52 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.46 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 5.52 | -5.47 |
| Martin ratioReturn relative to average drawdown | 0.10 | 14.22 | -14.12 |
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Drawdowns
GGME vs. GOOX - Drawdown Comparison
The maximum GGME drawdown since its inception was -69.13%, which is greater than GOOX's maximum drawdown of -52.46%. Use the drawdown chart below to compare losses from any high point for GGME and GOOX.
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Drawdown Indicators
| GGME | GOOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.13% | -52.46% | -16.67% |
Max Drawdown (1Y)Largest decline over 1 year | -25.23% | -39.00% | +13.77% |
Max Drawdown (3Y)Largest decline over 3 years | -25.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.35% | — | — |
Current DrawdownCurrent decline from peak | -6.94% | -17.55% | +10.61% |
Average DrawdownAverage peak-to-trough decline | -14.49% | -17.47% | +2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.67% | 15.11% | -3.44% |
Volatility
GGME vs. GOOX - Volatility Comparison
The current volatility for Invesco Next Gen Media and Gaming ETF (GGME) is 4.77%, while T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a volatility of 27.63%. This indicates that GGME 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
| GGME | GOOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 27.63% | -22.86% |
Volatility (6M)Calculated over the trailing 6-month period | 16.28% | 49.57% | -33.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.99% | 64.16% | -44.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.34% | 61.98% | -37.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.22% | 61.98% | -38.76% |
GGME vs. GOOX - Expense Ratio Comparison
GGME has a 0.60% expense ratio, which is lower than GOOX's 1.05% expense ratio.
Dividends
GGME vs. GOOX - Dividend Comparison
GGME's dividend yield for the trailing twelve months is around 0.02%, less than GOOX's 0.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGME Invesco Next Gen Media and Gaming ETF | 0.02% | 0.17% | 0.08% | 2.31% | 0.76% | 0.39% | 0.38% | 0.50% | 0.93% | 0.33% | 0.16% | 1.11% |
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
GGME and GOOX have a correlation of 0.44, 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 GGME (4.77%). In terms of maximum drawdown, GGME dropped -69.13% vs GOOX's -52.46%.
On 1-year performance, GOOX leads with 213.88% vs 1.20% for GGME. On fees, GGME is cheaper at 0.60% per year. On volatility, GGME has been the lower-risk option at 4.77%. 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 1.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GGME is cheaper with a 0.60% expense ratio, compared with 1.05% for GOOX.
GOOX has the higher dividend yield at 0.25%, compared with 0.02% for GGME.
GGME is categorized as Technology Equities, while GOOX is Leveraged Equities. They also come from different issuers: Invesco and T-Rex. Their fees differ too: 0.60% for GGME and 1.05% for GOOX.
GOOX currently has the higher Sharpe Ratio (3.36 vs 0.06), 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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