GOOX vs. IYE

Last updated Jul 18, 2026

GOOX (T-Rex 2X Long Alphabet Daily Target ETF) and IYE (iShares U.S. Energy ETF) are both exchange-traded funds - GOOX is a Leveraged Bonds fund actively managed by T-Rex, while IYE is a Energy Equities fund tracking the Dow Jones U.S. Oil & Gas Index. GOOX is actively managed, while IYE is passively managed. Over the past year, GOOX returned 190.72% vs 36.49% for IYE. At a 0.00 correlation, their price movements are largely independent. GOOX charges 1.05%/yr vs 0.42%/yr for IYE.

Performance

GOOX vs. IYE - 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 iShares U.S. Energy ETF (IYE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOOX achieves a 9.52% return, which is significantly lower than IYE's 30.18% return.

GOOX

• 1D: -4.25%
• 1M: -10.13%
• 6M: -0.83%
• YTD: 9.52%
• 1Y: 190.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IYE

• 1D: 1.19%
• 1M: 6.13%
• 6M: 22.40%
• YTD: 30.18%
• 1Y: 36.49%
• 3Y*: 15.02%
• 5Y*: 22.04%
• 10Y*: 8.42%

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

GOOX vs. IYE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GOOX T-Rex 2X Long Alphabet Daily Target ETF	9.52%	121.41%	44.31%
IYE iShares U.S. Energy ETF	30.18%	7.33%	9.23%

Correlation

The correlation between GOOX and IYE is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.19
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.00

The correlation between GOOX and IYE shifts across timeframes, from -0.19 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GOOX vs. IYE — Risk / Return Rank

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

GOOX

GOOX Risk / Return Rank: 91
GOOX Sharpe Ratio Rank: 96
GOOX Sortino Ratio Rank: 93
GOOX Omega Ratio Rank: 89
GOOX Calmar Ratio Rank: 93
GOOX Martin Ratio Rank: 86

IYE

IYE Risk / Return Rank: 62
IYE Sharpe Ratio Rank: 70
IYE Sortino Ratio Rank: 64
IYE Omega Ratio Rank: 61
IYE Calmar Ratio Rank: 64
IYE Martin Ratio Rank: 51

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. IYE - 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 iShares U.S. Energy ETF (IYE). 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	IYE	Difference
Sharpe ratio: Return per unit of total volatility	3.17	1.80	+1.38
Sortino ratio: Return per unit of downside risk	3.73	2.37	+1.36
Omega ratio: Gain probability vs. loss probability	1.44	1.29	+0.15
Calmar ratio: Return relative to maximum drawdown	4.92	2.52	+2.40
Martin ratio: Return relative to average drawdown	14.05	6.71	+7.34

GOOX vs. IYE - Sharpe Ratio Comparison

The current GOOX Sharpe Ratio is 3.17, which is higher than the IYE Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of GOOX and IYE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GOOX vs. IYE - Drawdown Comparison

The maximum GOOX drawdown since its inception was -52.46%, smaller than the maximum IYE drawdown of -73.74%. Use the drawdown chart below to compare losses from any high point for GOOX and IYE.

Drawdown Indicators

	GOOX	IYE	Difference
Max Drawdown Largest peak-to-trough decline	-52.46%	-73.74%	+21.28%
Max Drawdown (1Y) Largest decline over 1 year	-38.98%	-14.54%	-24.44%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.37%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-68.59%	—
Current Drawdown Current decline from peak	-27.21%	-7.01%	-20.20%
Average Drawdown Average peak-to-trough decline	-17.24%	-19.32%	+2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.64%	5.45%	+8.19%

Volatility

GOOX vs. IYE - Volatility Comparison

T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a higher volatility of 21.88% compared to iShares U.S. Energy ETF (IYE) at 5.90%. This indicates that GOOX's price experiences larger fluctuations and is considered to be riskier than IYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOX	IYE	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.88%	5.90%	+15.98%
Volatility (6M) Calculated over the trailing 6-month period	44.64%	16.14%	+28.50%
Volatility (1Y) Calculated over the trailing 1-year period	60.48%	20.41%	+40.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.83%	25.55%	+35.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.83%	29.50%	+31.33%

GOOX vs. IYE - Expense Ratio Comparison

GOOX has a 1.05% expense ratio, which is higher than IYE's 0.42% expense ratio.

Dividends

GOOX vs. IYE - Dividend Comparison

GOOX's dividend yield for the trailing twelve months is around 0.28%, less than IYE's 2.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOOX T-Rex 2X Long Alphabet Daily Target ETF	0.28%	0.30%	16.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IYE iShares U.S. Energy ETF	2.18%	2.85%	2.75%	2.99%	3.37%	2.98%	4.75%	6.60%	3.16%	2.66%	2.11%	3.39%

Frequently Asked Questions

Can I hold both GOOX and IYE in my portfolio?

GOOX and IYE have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOOX or IYE?

GOOX has higher volatility (21.88%) compared to IYE (5.90%). In terms of maximum drawdown, GOOX dropped -52.46% vs IYE's -73.74%.

Which ETF is better, GOOX or IYE?

On 1-year performance, GOOX leads with 190.72% vs 36.49% for IYE. On fees, IYE is cheaper at 0.42% per year. On volatility, IYE has been the lower-risk option at 5.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOX or IYE?

Over the 1-year period, GOOX has performed better with a 190.72% return vs 36.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOX or IYE?

IYE is cheaper with a 0.42% expense ratio, compared with 1.05% for GOOX.

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

IYE has the higher dividend yield at 2.18%, compared with 0.28% for GOOX.

What is the main difference between GOOX and IYE?

GOOX is categorized as Leveraged Bonds, while IYE is Energy Equities. They also come from different issuers: T-Rex and iShares. Their fees differ too: 1.05% for GOOX and 0.42% for IYE.

Which has better risk-adjusted returns?

GOOX currently has the higher Sharpe Ratio (3.17 vs 1.80), 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.