GOOX vs. GOOG
Compare and contrast key facts about T-Rex 2X Long Alphabet Daily Target ETF (GOOX) and Alphabet Inc. (GOOG).
GOOX is an actively managed fund by T-Rex. It was launched on Jan 10, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOOX or GOOG.
Correlation
The correlation between GOOX and GOOG is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GOOX vs. GOOG - Performance Comparison
Key characteristics
GOOX:
0.66
GOOG:
0.99
GOOX:
1.22
GOOG:
1.48
GOOX:
1.16
GOOG:
1.19
GOOX:
0.89
GOOG:
1.26
GOOX:
2.02
GOOG:
3.18
GOOX:
18.56%
GOOG:
8.87%
GOOX:
56.64%
GOOG:
28.41%
GOOX:
-41.86%
GOOG:
-44.60%
GOOX:
-23.89%
GOOG:
-12.58%
Returns By Period
In the year-to-date period, GOOX achieves a -10.50% return, which is significantly lower than GOOG's -4.65% return.
GOOX
-10.50%
-18.21%
8.93%
31.43%
N/A
N/A
GOOG
-4.65%
-9.22%
8.72%
25.40%
19.74%
21.23%
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Risk-Adjusted Performance
GOOX vs. GOOG — Risk-Adjusted Performance Rank
GOOX
GOOG
GOOX vs. GOOG - 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 Alphabet Inc. (GOOG). 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. GOOG - Dividend Comparison
GOOX's dividend yield for the trailing twelve months is around 18.75%, more than GOOG's 0.33% yield.
| TTM | 2024 | |
|---|---|---|
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 18.75% | 16.78% |
GOOG Alphabet Inc. | 0.33% | 0.32% |
Drawdowns
GOOX vs. GOOG - Drawdown Comparison
The maximum GOOX drawdown since its inception was -41.86%, smaller than the maximum GOOG drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for GOOX and GOOG. For additional features, visit the drawdowns tool.
Volatility
GOOX vs. GOOG - Volatility Comparison
T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a higher volatility of 21.85% compared to Alphabet Inc. (GOOG) at 10.68%. This indicates that GOOX's price experiences larger fluctuations and is considered to be riskier than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.