GOOX vs. QLD
Compare and contrast key facts about T-Rex 2X Long Alphabet Daily Target ETF (GOOX) and ProShares Ultra QQQ (QLD).
GOOX and QLD 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. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOOX or QLD.
Correlation
The correlation between GOOX and QLD is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GOOX vs. QLD - Performance Comparison
Key characteristics
GOOX:
-0.37
QLD:
0.21
GOOX:
-0.17
QLD:
0.64
GOOX:
0.98
QLD:
1.09
GOOX:
-0.42
QLD:
0.24
GOOX:
-0.87
QLD:
0.73
GOOX:
25.54%
QLD:
14.04%
GOOX:
60.17%
QLD:
49.93%
GOOX:
-52.46%
QLD:
-83.13%
GOOX:
-42.64%
QLD:
-24.47%
Returns By Period
In the year-to-date period, GOOX achieves a -32.55% return, which is significantly lower than QLD's -16.14% return.
GOOX
-32.55%
2.16%
-20.60%
-20.17%
N/A
N/A
QLD
-16.14%
0.53%
-7.59%
16.40%
27.34%
25.67%
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GOOX vs. QLD - Expense Ratio Comparison
GOOX has a 1.05% expense ratio, which is higher than QLD's 0.95% expense ratio.
Risk-Adjusted Performance
GOOX vs. QLD — Risk-Adjusted Performance Rank
GOOX
QLD
GOOX vs. QLD - 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 ProShares Ultra QQQ (QLD). 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. QLD - Dividend Comparison
GOOX's dividend yield for the trailing twelve months is around 24.88%, more than QLD's 0.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 24.88% | 16.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.27% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% |
Drawdowns
GOOX vs. QLD - Drawdown Comparison
The maximum GOOX drawdown since its inception was -52.46%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for GOOX and QLD. For additional features, visit the drawdowns tool.
Volatility
GOOX vs. QLD - Volatility Comparison
The current volatility for T-Rex 2X Long Alphabet Daily Target ETF (GOOX) is 28.36%, while ProShares Ultra QQQ (QLD) has a volatility of 32.34%. This indicates that GOOX experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.