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:
-0.32
GOOG:
-0.04
GOOX:
-0.07
GOOG:
0.17
GOOX:
0.99
GOOG:
1.02
GOOX:
-0.39
GOOG:
-0.04
GOOX:
-0.85
GOOG:
-0.10
GOOX:
24.13%
GOOG:
12.09%
GOOX:
63.20%
GOOG:
31.19%
GOOX:
-52.46%
GOOG:
-44.60%
GOOX:
-48.72%
GOOG:
-26.08%
Returns By Period
In the year-to-date period, GOOX achieves a -39.70% return, which is significantly lower than GOOG's -19.38% return.
GOOX
-39.70%
-16.48%
-22.67%
-20.08%
N/A
N/A
GOOG
-19.38%
-7.08%
-6.87%
-1.05%
19.53%
19.13%
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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 27.83%, more than GOOG's 0.52% yield.
| TTM | 2024 | |
|---|---|---|
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 27.83% | 16.78% |
GOOG Alphabet Inc. | 0.52% | 0.32% |
Drawdowns
GOOX vs. GOOG - Drawdown Comparison
The maximum GOOX drawdown since its inception was -52.46%, which is greater than GOOG's maximum 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 30.07% compared to Alphabet Inc. (GOOG) at 14.41%. 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.