GOOX vs. GOOGL
Compare and contrast key facts about T-Rex 2X Long Alphabet Daily Target ETF (GOOX) and Alphabet Inc. (GOOGL).
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 GOOGL.
Correlation
The correlation between GOOX and GOOGL is 0.99, 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. GOOGL - Performance Comparison
Key characteristics
GOOX:
0.71
GOOGL:
1.05
GOOX:
1.27
GOOGL:
1.57
GOOX:
1.17
GOOGL:
1.20
GOOX:
0.96
GOOGL:
1.37
GOOX:
2.18
GOOGL:
3.40
GOOX:
18.45%
GOOGL:
8.89%
GOOX:
56.49%
GOOGL:
28.68%
GOOX:
-41.86%
GOOGL:
-65.29%
GOOX:
-20.07%
GOOGL:
-10.23%
Returns By Period
In the year-to-date period, GOOX achieves a -6.01% return, which is significantly lower than GOOGL's -2.13% return.
GOOX
-6.01%
-11.89%
14.02%
44.34%
N/A
N/A
GOOGL
-2.13%
-5.47%
11.99%
31.76%
20.27%
21.30%
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Risk-Adjusted Performance
GOOX vs. GOOGL — Risk-Adjusted Performance Rank
GOOX
GOOGL
GOOX vs. GOOGL - 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. (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.
Dividends
GOOX vs. GOOGL - Dividend Comparison
GOOX's dividend yield for the trailing twelve months is around 17.85%, more than GOOGL's 0.32% yield.
| TTM | 2024 | |
|---|---|---|
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 17.85% | 16.78% |
GOOGL Alphabet Inc. | 0.32% | 0.32% |
Drawdowns
GOOX vs. GOOGL - Drawdown Comparison
The maximum GOOX drawdown since its inception was -41.86%, 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. For additional features, visit the drawdowns tool.
Volatility
GOOX vs. GOOGL - Volatility Comparison
T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a higher volatility of 21.77% compared to Alphabet Inc. (GOOGL) at 10.95%. 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.