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.
Key characteristics
| GOOX | GOOGL | |
|---|---|---|
| Daily Std Dev | 53.87% | 26.45% |
| Max Drawdown | -41.86% | -65.29% |
| Current Drawdown | -15.89% | -5.33% |
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
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
Not enough dataDividends
GOOX vs. GOOGL - Dividend Comparison
GOOX has not paid dividends to shareholders, while GOOGL's dividend yield for the trailing twelve months is around 0.22%.
| TTM | |
|---|---|
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 0.00% |
GOOGL Alphabet Inc. | 0.22% |
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 13.11% compared to Alphabet Inc. (GOOGL) at 6.54%. 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.