GOOX vs. FNGU

Last updated Jun 24, 2026

GOOX (T-Rex 2X Long Alphabet Daily Target ETF) and FNGU (MicroSectors FANG+ 3X Leveraged ETNs) are both exchange-traded funds - GOOX is a Leveraged Bonds fund actively managed by T-Rex, while FNGU is a Leveraged Equities fund tracking the NYSE FANG+ Index (Gross Total Return) (300%). GOOX is actively managed, while FNGU is passively managed. Over the past year, GOOX returned 258.95% vs 17.53% for FNGU. A 0.60 correlation means they provide meaningful diversification when combined. GOOX charges 1.05%/yr vs 2.60%/yr for FNGU.

Performance

GOOX vs. FNGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long Alphabet Daily Target ETF (GOOX) and MicroSectors FANG+ 3X Leveraged ETNs (FNGU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOOX achieves a 10.68% return, which is significantly higher than FNGU's -0.99% return.

GOOX

• 1D: -1.61%
• 1M: -18.21%
• YTD: 10.68%
• 6M: 8.75%
• 1Y: 258.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FNGU

• 1D: -7.64%
• 1M: -12.95%
• YTD: -0.99%
• 6M: -5.84%
• 1Y: 17.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GOOX vs. FNGU - Yearly Performance Comparison

	2026 (YTD)	2025
GOOX T-Rex 2X Long Alphabet Daily Target ETF	10.68%	135.57%
FNGU MicroSectors FANG+ 3X Leveraged ETNs	-0.99%	3.02%

Correlation

The correlation between GOOX and FNGU is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.60

The correlation between GOOX and FNGU has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.

Return for Risk

GOOX vs. FNGU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GOOX

GOOX Risk / Return Rank: 93
GOOX Sharpe Ratio Rank: 97
GOOX Sortino Ratio Rank: 94
GOOX Omega Ratio Rank: 90
GOOX Calmar Ratio Rank: 94
GOOX Martin Ratio Rank: 92

FNGU

FNGU Risk / Return Rank: 13
FNGU Sharpe Ratio Rank: 12
FNGU Sortino Ratio Rank: 16
FNGU Omega Ratio Rank: 16
FNGU Calmar Ratio Rank: 12
FNGU Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GOOX vs. FNGU - 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 MicroSectors FANG+ 3X Leveraged ETNs (FNGU). 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.

	GOOX	FNGU	Difference
Sharpe ratio: Return per unit of total volatility	4.47	0.27	+4.19
Sortino ratio: Return per unit of downside risk	4.57	0.81	+3.75
Omega ratio: Gain probability vs. loss probability	1.55	1.10	+0.45
Calmar ratio: Return relative to maximum drawdown	6.69	0.30	+6.39
Martin ratio: Return relative to average drawdown	21.38	0.70	+20.68

GOOX vs. FNGU - Sharpe Ratio Comparison

The current GOOX Sharpe Ratio is 4.47, which is higher than the FNGU Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of GOOX and FNGU, 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

GOOX vs. FNGU - Drawdown Comparison

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

Drawdown Indicators

	GOOX	FNGU	Difference
Max Drawdown Largest peak-to-trough decline	-52.46%	-61.30%	+8.84%
Max Drawdown (1Y) Largest decline over 1 year	-38.98%	-59.55%	+20.57%
Current Drawdown Current decline from peak	-26.44%	-30.82%	+4.38%
Average Drawdown Average peak-to-trough decline	-17.07%	-22.27%	+5.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.17%	25.17%	-13.00%

Volatility

GOOX vs. FNGU - Volatility Comparison

The current volatility for T-Rex 2X Long Alphabet Daily Target ETF (GOOX) is 19.22%, while MicroSectors FANG+ 3X Leveraged ETNs (FNGU) has a volatility of 33.21%. This indicates that GOOX experiences smaller price fluctuations and is considered to be less risky than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOX	FNGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.22%	33.21%	-13.99%
Volatility (6M) Calculated over the trailing 6-month period	41.69%	52.56%	-10.87%
Volatility (1Y) Calculated over the trailing 1-year period	58.44%	64.46%	-6.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.58%	81.18%	-20.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.58%	81.18%	-20.60%

GOOX vs. FNGU - Expense Ratio Comparison

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

Dividends

GOOX vs. FNGU - Dividend Comparison

GOOX's dividend yield for the trailing twelve months is around 0.28%, while FNGU has not paid dividends to shareholders.

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	0.28%	0.30%	16.78%

Frequently Asked Questions

Can I hold both GOOX and FNGU in my portfolio?

GOOX and FNGU have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOOX or FNGU?

FNGU has higher volatility (33.21%) compared to GOOX (19.22%). In terms of maximum drawdown, GOOX dropped -52.46% vs FNGU's -61.30%.

Which ETF is better, GOOX or FNGU?

On 1-year performance, GOOX leads with 258.95% vs 17.53% for FNGU. On fees, GOOX is cheaper at 1.05% per year. On volatility, GOOX has been the lower-risk option at 19.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOX or FNGU?

Over the 1-year period, GOOX has performed better with a 258.95% return vs 17.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOX or FNGU?

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

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

GOOX has the higher dividend yield at 0.28%, compared with 0.00% for FNGU.

What is the main difference between GOOX and FNGU?

GOOX is categorized as Leveraged Bonds, while FNGU is Leveraged Equities. They also come from different issuers: T-Rex and Bank of Montreal. Their fees differ too: 1.05% for GOOX and 2.60% for FNGU.

Which has better risk-adjusted returns?

GOOX currently has the higher Sharpe Ratio (4.47 vs 0.27), 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.