GOOX vs. GOOGL
GOOX (T-Rex 2X Long Alphabet Daily Target ETF) is Leveraged Bonds fund actively managed by T-Rex, while GOOGL (Alphabet Inc. Class A) is a stock. Over the past year, GOOX returned 257.68% vs 110.44% for GOOGL. With a 0.99 correlation, they move nearly in lockstep.
Performance
GOOX vs. GOOGL - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GOOX having a 12.48% return and GOOGL slightly lower at 11.86%.
GOOX
- 1D
- -10.17%
- 1M
- -16.87%
- YTD
- 12.48%
- 6M
- 13.50%
- 1Y
- 257.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOOGL
- 1D
- -4.99%
- 1M
- -8.64%
- YTD
- 11.86%
- 6M
- 13.03%
- 1Y
- 110.44%
- 3Y*
- 42.34%
- 5Y*
- 23.63%
- 10Y*
- 26.26%
GOOX vs. GOOGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 12.48% | 121.41% | 44.31% |
GOOGL Alphabet Inc. Class A | 11.86% | 65.99% | 33.53% |
Correlation
The correlation between GOOX and GOOGL is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.99 |
The correlation between GOOX and GOOGL has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
GOOX vs. GOOGL — Risk / Return Rank
GOOX
GOOGL
GOOX vs. GOOGL - 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 Alphabet Inc. Class A (GOOGL). 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 | GOOGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.61 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 6.66 | 5.45 | +1.20 |
| Martin ratioReturn relative to average drawdown | 21.48 | 19.01 | +2.46 |
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Drawdowns
GOOX vs. GOOGL - Drawdown Comparison
The maximum GOOX drawdown since its inception was -52.46%, smaller than the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for GOOX and GOOGL.
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Drawdown Indicators
| GOOX | GOOGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.46% | -65.29% | +12.83% |
Max Drawdown (1Y)Largest decline over 1 year | -38.98% | -20.37% | -18.61% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.32% | — |
Current DrawdownCurrent decline from peak | -25.24% | -13.10% | -12.14% |
Average DrawdownAverage peak-to-trough decline | -17.05% | -13.01% | -4.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.06% | 5.83% | +6.23% |
Volatility
GOOX vs. GOOGL - Volatility Comparison
T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a higher volatility of 19.22% compared to Alphabet Inc. Class A (GOOGL) at 9.49%. This indicates that GOOX's price experiences larger fluctuations and is considered to be riskier than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOOX | GOOGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.22% | 9.49% | +9.73% |
Volatility (6M)Calculated over the trailing 6-month period | 41.81% | 21.37% | +20.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.51% | 29.69% | +28.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.61% | 31.47% | +29.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.61% | 29.20% | +31.41% |
Dividends
GOOX vs. GOOGL - Dividend Comparison
GOOX's dividend yield for the trailing twelve months is around 0.27%, more than GOOGL's 0.24% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 0.32% |
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 0.27% | 0.30% | 16.78% |
Frequently Asked Questions
With a correlation of 0.99, GOOX and GOOGL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GOOX has higher volatility (19.22%) compared to GOOGL (9.49%). In terms of maximum drawdown, GOOX dropped -52.46% vs GOOGL's -65.29%.
GOOX currently has the higher Sharpe Ratio (4.44 vs 3.75), 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.
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