GOOX vs. MSTU

Last updated Jun 25, 2026

GOOX (T-Rex 2X Long Alphabet Daily Target ETF) and MSTU (T-Rex 2X Long MSTR Daily Target ETF) are both exchange-traded funds - GOOX is a Leveraged Bonds fund actively managed by T-Rex, while MSTU is a Leveraged Equities fund actively managed by T-Rex. Both are actively managed. Over the past year, GOOX returned 249.43% vs -97.41% for MSTU. At a 0.32 correlation, their price movements are largely independent. Both charge a 1.05% expense ratio.

Performance

GOOX vs. MSTU - 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 T-Rex 2X Long MSTR Daily Target ETF (MSTU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOOX achieves a 9.99% return, which is significantly higher than MSTU's -76.29% return.

GOOX

• 1D: -0.62%
• 1M: -18.71%
• YTD: 9.99%
• 6M: 8.48%
• 1Y: 249.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTU

• 1D: -18.60%
• 1M: -68.43%
• YTD: -76.29%
• 6M: -78.47%
• 1Y: -97.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GOOX vs. MSTU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GOOX T-Rex 2X Long Alphabet Daily Target ETF	9.99%	121.41%	34.40%
MSTU T-Rex 2X Long MSTR Daily Target ETF	-76.29%	-89.07%	205.47%

Correlation

The correlation between GOOX and MSTU is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	0.32

Return for Risk

GOOX vs. MSTU — Risk / Return Rank

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

GOOX

GOOX Risk / Return Rank: 94
GOOX Sharpe Ratio Rank: 97
GOOX Sortino Ratio Rank: 95
GOOX Omega Ratio Rank: 92
GOOX Calmar Ratio Rank: 94
GOOX Martin Ratio Rank: 92

MSTU

MSTU Risk / Return Rank: 1
MSTU Sharpe Ratio Rank: 4
MSTU Sortino Ratio Rank: 0
MSTU Omega Ratio Rank: 0
MSTU Calmar Ratio Rank: 0
MSTU Martin Ratio Rank: 3

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. MSTU - 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 T-Rex 2X Long MSTR Daily Target ETF (MSTU). 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	MSTU	Difference
Sharpe ratio: Return per unit of total volatility	4.30	-0.68	+4.98
Sortino ratio: Return per unit of downside risk	4.48	-2.48	+6.97
Omega ratio: Gain probability vs. loss probability	1.54	0.74	+0.80
Calmar ratio: Return relative to maximum drawdown	6.44	-0.99	+7.44
Martin ratio: Return relative to average drawdown	20.39	-1.24	+21.63

GOOX vs. MSTU - Sharpe Ratio Comparison

The current GOOX Sharpe Ratio is 4.30, which is higher than the MSTU Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of GOOX and MSTU, 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. MSTU - Drawdown Comparison

The maximum GOOX drawdown since its inception was -52.46%, smaller than the maximum MSTU drawdown of -99.23%. Use the drawdown chart below to compare losses from any high point for GOOX and MSTU.

Drawdown Indicators

	GOOX	MSTU	Difference
Max Drawdown Largest peak-to-trough decline	-52.46%	-99.23%	+46.77%
Max Drawdown (1Y) Largest decline over 1 year	-38.98%	-98.16%	+59.18%
Current Drawdown Current decline from peak	-26.90%	-99.23%	+72.33%
Average Drawdown Average peak-to-trough decline	-17.09%	-72.63%	+55.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.29%	78.54%	-66.25%

Volatility

GOOX vs. MSTU - Volatility Comparison

The current volatility for T-Rex 2X Long Alphabet Daily Target ETF (GOOX) is 19.15%, while T-Rex 2X Long MSTR Daily Target ETF (MSTU) has a volatility of 46.91%. This indicates that GOOX experiences smaller price fluctuations and is considered to be less risky than MSTU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOX	MSTU	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.15%	46.91%	-27.76%
Volatility (6M) Calculated over the trailing 6-month period	41.59%	115.36%	-73.77%
Volatility (1Y) Calculated over the trailing 1-year period	58.39%	143.10%	-84.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.53%	168.93%	-108.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.53%	168.93%	-108.40%

GOOX vs. MSTU - Expense Ratio Comparison

Both GOOX and MSTU have an expense ratio of 1.05%.

Dividends

GOOX vs. MSTU - Dividend Comparison

GOOX's dividend yield for the trailing twelve months is around 0.28%, while MSTU has not paid dividends to shareholders.

Position	TTM	2025	2024
GOOX T-Rex 2X Long Alphabet Daily Target ETF	0.28%	0.30%	16.78%
MSTU T-Rex 2X Long MSTR Daily Target ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GOOX and MSTU in my portfolio?

GOOX and MSTU have a correlation of 0.29, 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 MSTU?

MSTU has higher volatility (46.91%) compared to GOOX (19.15%). In terms of maximum drawdown, GOOX dropped -52.46% vs MSTU's -99.23%.

Which ETF is better, GOOX or MSTU?

On 1-year performance, GOOX leads with 249.43% vs -97.41% for MSTU. Both ETFs have the same 1.05% expense ratio. On volatility, GOOX has been the lower-risk option at 19.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOX or MSTU?

Over the 1-year period, GOOX has performed better with a 249.43% return vs -97.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOX or MSTU?

GOOX and MSTU have the same expense ratio: 1.05% per year.

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

GOOX has the higher dividend yield at 0.28%, compared with 0.00% for MSTU.

What is the main difference between GOOX and MSTU?

GOOX is categorized as Leveraged Bonds, while MSTU is Leveraged Equities.

Which has better risk-adjusted returns?

GOOX currently has the higher Sharpe Ratio (4.30 vs -0.68), 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.