GOOX vs. CEFD
Compare and contrast key facts about T-Rex 2X Long Alphabet Daily Target ETF (GOOX) and ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD).
GOOX and CEFD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOOX is an actively managed fund by T-Rex. It was launched on Jan 10, 2024. CEFD is a passively managed fund by UBS that tracks the performance of the S-Network Composite Closed-End Fund Index (150%). It was launched on Jun 2, 2020.
Performance
GOOX vs. CEFD - Performance Comparison
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GOOX vs. CEFD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GOOX T-Rex 2X Long Alphabet Daily Target ETF | -15.09% | 121.41% | 46.80% |
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | -3.73% | 14.15% | 17.90% |
Returns By Period
In the year-to-date period, GOOX achieves a -15.09% return, which is significantly lower than CEFD's -3.73% return.
GOOX
- 1D
- 5.75%
- 1M
- -8.54%
- YTD
- -15.09%
- 6M
- 32.03%
- 1Y
- 184.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEFD
- 1D
- 1.63%
- 1M
- -6.56%
- YTD
- -3.73%
- 6M
- -3.27%
- 1Y
- 9.83%
- 3Y*
- 11.64%
- 5Y*
- 2.72%
- 10Y*
- —
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GOOX vs. CEFD - Expense Ratio Comparison
GOOX has a 1.05% expense ratio, which is higher than CEFD's 0.95% expense ratio.
Return for Risk
GOOX vs. CEFD — Risk / Return Rank
GOOX
CEFD
GOOX vs. CEFD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Alphabet Daily Target ETF (GOOX) and ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD). 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.
| GOOX | CEFD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.03 | 0.48 | +2.55 |
Sortino ratioReturn per unit of downside risk | 3.46 | 0.77 | +2.68 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.14 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 4.99 | 0.62 | +4.36 |
Martin ratioReturn relative to average drawdown | 18.01 | 2.80 | +15.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GOOX | CEFD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.03 | 0.48 | +2.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.42 | +0.56 |
Correlation
The correlation between GOOX and CEFD is 0.43, 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.
Dividends
GOOX vs. CEFD - Dividend Comparison
GOOX's dividend yield for the trailing twelve months is around 0.36%, less than CEFD's 15.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 0.36% | 0.30% | 16.78% | 0.00% | 0.00% | 0.00% | 0.00% |
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | 15.83% | 14.88% | 13.90% | 14.76% | 16.56% | 10.31% | 5.37% |
Drawdowns
GOOX vs. CEFD - Drawdown Comparison
The maximum GOOX drawdown since its inception was -52.46%, which is greater than CEFD's maximum drawdown of -36.95%. Use the drawdown chart below to compare losses from any high point for GOOX and CEFD.
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Drawdown Indicators
| GOOX | CEFD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.46% | -36.95% | -15.51% |
Max Drawdown (1Y)Largest decline over 1 year | -38.98% | -16.13% | -22.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.95% | — |
Current DrawdownCurrent decline from peak | -28.97% | -7.31% | -21.66% |
Average DrawdownAverage peak-to-trough decline | -17.66% | -12.01% | -5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.79% | 3.59% | +7.20% |
Volatility
GOOX vs. CEFD - Volatility Comparison
T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a higher volatility of 18.50% compared to ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) at 8.79%. This indicates that GOOX's price experiences larger fluctuations and is considered to be riskier than CEFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOOX | CEFD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.50% | 8.79% | +9.71% |
Volatility (6M)Calculated over the trailing 6-month period | 39.23% | 10.94% | +28.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.39% | 20.68% | +40.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.54% | 17.84% | +41.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.54% | 17.41% | +42.13% |