GOOX vs. GOOW

Last updated Jun 4, 2026

GOOX (T-Rex 2X Long Alphabet Daily Target ETF) and GOOW (Roundhill GOOGL WeeklyPay™ ETF) are both exchange-traded funds - GOOX is a Leveraged Bonds fund actively managed by T-Rex, while GOOW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. With a 0.99 correlation, they move nearly in lockstep. GOOX charges 1.05%/yr vs 0.99%/yr for GOOW.

Performance

GOOX vs. GOOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long Alphabet Daily Target ETF (GOOX) and Roundhill GOOGL WeeklyPay™ ETF (GOOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOOX achieves a 18.83% return, which is significantly higher than GOOW's 15.42% return.

GOOX

• 1D: -1.31%
• 1M: -13.31%
• YTD: 18.83%
• 6M: 12.03%
• 1Y: 274.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOOW

• 1D: -0.89%
• 1M: -7.95%
• YTD: 15.42%
• 6M: 11.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GOOX vs. GOOW - Yearly Performance Comparison

	2026 (YTD)	2025
GOOX T-Rex 2X Long Alphabet Daily Target ETF	18.83%	142.76%
GOOW Roundhill GOOGL WeeklyPay™ ETF	15.42%	75.51%

Correlation

The correlation between GOOX and GOOW 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 (All Time) Calculated using the full available price history since Jul 25, 2025	0.99

Return for Risk

GOOX vs. GOOW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GOOX

GOOX Risk / Return Rank: 93
GOOX Sharpe Ratio Rank: 97
GOOX Sortino Ratio Rank: 94
GOOX Omega Ratio Rank: 90
GOOX Calmar Ratio Rank: 94
GOOX Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GOOX vs. GOOW - 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 Roundhill GOOGL WeeklyPay™ ETF (GOOW). 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.

	GOOX	GOOW	Difference
Sharpe ratio: Return per unit of total volatility	4.83	—	—
Sortino ratio: Return per unit of downside risk	4.89	—	—
Omega ratio: Gain probability vs. loss probability	1.58	—	—
Calmar ratio: Return relative to maximum drawdown	7.10	—	—
Martin ratio: Return relative to average drawdown	24.06	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GOOX	GOOW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.27	3.43	-2.16

Drawdowns

GOOX vs. GOOW - Drawdown Comparison

The maximum GOOX drawdown since its inception was -52.46%, which is greater than GOOW's maximum drawdown of -24.88%. Use the drawdown chart below to compare losses from any high point for GOOX and GOOW.

Drawdown Indicators

	GOOX	GOOW	Difference
Max Drawdown Largest peak-to-trough decline	-52.46%	-24.88%	-27.58%
Max Drawdown (1Y) Largest decline over 1 year	-38.98%	—	—
Current Drawdown Current decline from peak	-21.02%	-13.20%	-7.82%
Average Drawdown Average peak-to-trough decline	-17.04%	-4.80%	-12.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.48%	—	—

Volatility

Volatility by Period

	GOOX	GOOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	40.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	57.42%	37.38%	+20.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.37%	37.38%	+22.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.37%	37.38%	+22.99%

GOOX vs. GOOW - Expense Ratio Comparison

GOOX has a 1.05% expense ratio, which is higher than GOOW's 0.99% expense ratio.

Dividends

GOOX vs. GOOW - Dividend Comparison

GOOX's dividend yield for the trailing twelve months is around 0.26%, less than GOOW's 35.21% yield.

Position	TTM	2025	2024
GOOW Roundhill GOOGL WeeklyPay™ ETF	35.21%	19.77%	0.00%
GOOX T-Rex 2X Long Alphabet Daily Target ETF	0.26%	0.30%	16.78%

Frequently Asked Questions

Can I hold both GOOX and GOOW in my portfolio?

With a correlation of 0.99, GOOX and GOOW 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.

Which ETF is better, GOOX or GOOW?

On fees, GOOW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GOOX or GOOW?

GOOW is cheaper with a 0.99% expense ratio, compared with 1.05% for GOOX.

Which ETF pays a higher dividend yield, GOOX or GOOW?

GOOW has the higher dividend yield at 35.21%, compared with 0.26% for GOOX.

What is the main difference between GOOX and GOOW?

GOOX is categorized as Leveraged Bonds, while GOOW is Derivative Income. They also come from different issuers: T-Rex and Roundhill. Their fees differ too: 1.05% for GOOX and 0.99% for GOOW.