GOOX vs. NVDX
Compare and contrast key facts about T-Rex 2X Long Alphabet Daily Target ETF (GOOX) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX).
GOOX and NVDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOOX is an actively managed fund by T-Rex. It was launched on Jan 10, 2024. NVDX is an actively managed fund by REX Shares. It was launched on Oct 19, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOOX or NVDX.
Correlation
The correlation between GOOX and NVDX is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GOOX vs. NVDX - Performance Comparison
Key characteristics
GOOX:
0.78
NVDX:
1.14
GOOX:
1.35
NVDX:
1.96
GOOX:
1.18
NVDX:
1.25
GOOX:
1.05
NVDX:
2.53
GOOX:
2.38
NVDX:
5.72
GOOX:
18.50%
NVDX:
22.64%
GOOX:
56.49%
NVDX:
113.29%
GOOX:
-41.86%
NVDX:
-51.26%
GOOX:
-20.34%
NVDX:
-23.73%
Returns By Period
In the year-to-date period, GOOX achieves a -6.33% return, which is significantly lower than NVDX's -1.36% return.
GOOX
-6.33%
-14.25%
16.49%
40.32%
N/A
N/A
NVDX
-1.36%
-8.54%
2.11%
166.57%
N/A
N/A
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GOOX vs. NVDX - Expense Ratio Comparison
Both GOOX and NVDX have an expense ratio of 1.05%.
Risk-Adjusted Performance
GOOX vs. NVDX — Risk-Adjusted Performance Rank
GOOX
NVDX
GOOX vs. NVDX - 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 T-REX 2X Long NVIDIA Daily Target ETF (NVDX). 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. NVDX - Dividend Comparison
GOOX's dividend yield for the trailing twelve months is around 17.91%, more than NVDX's 15.70% yield.
| TTM | 2024 | |
|---|---|---|
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 17.91% | 16.78% |
NVDX T-REX 2X Long NVIDIA Daily Target ETF | 15.70% | 15.49% |
Drawdowns
GOOX vs. NVDX - Drawdown Comparison
The maximum GOOX drawdown since its inception was -41.86%, smaller than the maximum NVDX drawdown of -51.26%. Use the drawdown chart below to compare losses from any high point for GOOX and NVDX. For additional features, visit the drawdowns tool.
Volatility
GOOX vs. NVDX - Volatility Comparison
The current volatility for T-Rex 2X Long Alphabet Daily Target ETF (GOOX) is 21.54%, while T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a volatility of 51.10%. This indicates that GOOX experiences smaller price fluctuations and is considered to be less risky than NVDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.