GOOX vs. QLD

Last updated Apr 1, 2026

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.

Performance

GOOX vs. QLD - 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 ProShares Ultra QQQ (QLD). The values are adjusted to include any dividend payments, if applicable.

GOOX vs. QLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GOOX T-Rex 2X Long Alphabet Daily Target ETF	-19.70%	121.41%	46.80%
QLD ProShares Ultra QQQ	-13.35%	30.36%	43.42%

Returns By Period

In the year-to-date period, GOOX achieves a -19.70% return, which is significantly lower than QLD's -13.35% return.

GOOX

• 1D: 10.08%
• 1M: -16.58%
• YTD: -19.70%
• 6M: 26.86%
• 1Y: 178.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QLD

• 1D: 6.72%
• 1M: -10.26%
• YTD: -13.35%
• 6M: -11.03%
• 1Y: 37.53%
• 3Y*: 35.41%
• 5Y*: 15.27%
• 10Y*: 29.40%

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

GOOX vs. QLD - Expense Ratio Comparison

GOOX has a 1.05% expense ratio, which is higher than QLD's 0.95% expense ratio.

GOOX

T-Rex 2X Long Alphabet Daily Target ETF

QLD

ProShares Ultra QQQ

Return for Risk

GOOX vs. QLD — Risk / Return Rank

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

GOOX

GOOX Risk / Return Rank: 96
GOOX Sharpe Ratio Rank: 97
GOOX Sortino Ratio Rank: 97
GOOX Omega Ratio Rank: 93
GOOX Calmar Ratio Rank: 96
GOOX Martin Ratio Rank: 96

QLD

QLD Risk / Return Rank: 57
QLD Sharpe Ratio Rank: 51
QLD Sortino Ratio Rank: 59
QLD Omega Ratio Rank: 58
QLD Calmar Ratio Rank: 63
QLD Martin Ratio Rank: 55

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. QLD - 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 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.

	GOOX	QLD	Difference
Sharpe ratio Return per unit of total volatility	2.93	0.84	+2.09
Sortino ratio Return per unit of downside risk	3.39	1.43	+1.96
Omega ratio Gain probability vs. loss probability	1.42	1.20	+0.21
Calmar ratio Return relative to maximum drawdown	4.59	1.49	+3.10
Martin ratio Return relative to average drawdown	16.82	4.88	+11.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOOX vs. QLD - Sharpe Ratio Comparison

The current GOOX Sharpe Ratio is 2.93, which is higher than the QLD Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of GOOX and QLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GOOX	QLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.93	0.84	+2.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.34	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.53	+0.39

Correlation

The correlation between GOOX and QLD is 0.63, 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.

Dividends

GOOX vs. QLD - Dividend Comparison

GOOX's dividend yield for the trailing twelve months is around 0.38%, more than QLD's 0.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOOX T-Rex 2X Long Alphabet Daily Target ETF	0.38%	0.30%	16.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QLD ProShares Ultra QQQ	0.19%	0.17%	0.25%	0.33%	0.31%	0.00%	0.00%	0.13%	0.06%	0.02%	0.21%	0.11%

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.

Drawdown Indicators

	GOOX	QLD	Difference
Max Drawdown Largest peak-to-trough decline	-52.46%	-83.13%	+30.67%
Max Drawdown (1Y) Largest decline over 1 year	-38.98%	-25.13%	-13.85%
Max Drawdown (5Y) Largest decline over 5 years	—	-63.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.68%	—
Current Drawdown Current decline from peak	-32.83%	-20.10%	-12.73%
Average Drawdown Average peak-to-trough decline	-17.64%	-18.30%	+0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.63%	7.67%	+2.96%

Volatility

GOOX vs. QLD - Volatility Comparison

T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a higher volatility of 17.46% compared to ProShares Ultra QQQ (QLD) at 12.96%. This indicates that GOOX's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOX	QLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.46%	12.96%	+4.50%
Volatility (6M) Calculated over the trailing 6-month period	38.87%	25.55%	+13.32%
Volatility (1Y) Calculated over the trailing 1-year period	61.17%	44.91%	+16.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.48%	44.77%	+14.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.48%	44.47%	+15.01%