GOOX vs. FNGU
Compare and contrast key facts about T-Rex 2X Long Alphabet Daily Target ETF (GOOX) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
GOOX and FNGU 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. FNGU is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG (TR) (300%). It was launched on Jan 22, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOOX or FNGU.
Correlation
The correlation between GOOX and FNGU is 0.58, 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.
Performance
GOOX vs. FNGU - Performance Comparison
Key characteristics
GOOX:
0.63
FNGU:
1.67
GOOX:
1.18
FNGU:
2.09
GOOX:
1.15
FNGU:
1.28
GOOX:
0.85
FNGU:
2.62
GOOX:
1.92
FNGU:
6.93
GOOX:
18.47%
FNGU:
17.81%
GOOX:
56.74%
FNGU:
74.03%
GOOX:
-41.86%
FNGU:
-92.34%
GOOX:
-20.12%
FNGU:
-1.26%
Returns By Period
In the year-to-date period, GOOX achieves a -6.07% return, which is significantly lower than FNGU's 17.59% return.
GOOX
-6.07%
-11.95%
12.98%
44.37%
N/A
N/A
FNGU
17.59%
14.94%
60.23%
116.54%
43.37%
N/A
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GOOX vs. FNGU - Expense Ratio Comparison
GOOX has a 1.05% expense ratio, which is higher than FNGU's 0.95% expense ratio.
Risk-Adjusted Performance
GOOX vs. FNGU — Risk-Adjusted Performance Rank
GOOX
FNGU
GOOX vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Alphabet Daily Target ETF (GOOX) and MicroSectors FANG+™ Index 3X Leveraged ETN (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.
Dividends
GOOX vs. FNGU - Dividend Comparison
GOOX's dividend yield for the trailing twelve months is around 17.86%, while FNGU has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 17.86% | 16.78% |
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% |
Drawdowns
GOOX vs. FNGU - Drawdown Comparison
The maximum GOOX drawdown since its inception was -41.86%, smaller than the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for GOOX and FNGU. For additional features, visit the drawdowns tool.
Volatility
GOOX vs. FNGU - Volatility Comparison
T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a higher volatility of 22.03% compared to MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) at 20.98%. This indicates that GOOX's price experiences larger fluctuations and is considered to be riskier than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.