GOOX vs. QQQ
Compare and contrast key facts about T-Rex 2X Long Alphabet Daily Target ETF (GOOX) and Invesco QQQ (QQQ).
GOOX and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOOX or QQQ.
Key characteristics
| GOOX | QQQ | |
|---|---|---|
| Daily Std Dev | 55.97% | 17.69% |
| Max Drawdown | -41.86% | -82.98% |
| Current Drawdown | -32.95% | -6.27% |
Correlation
The correlation between GOOX and QQQ is 0.58, 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. QQQ - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GOOX vs. QQQ - Expense Ratio Comparison
GOOX has a 1.05% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
GOOX vs. QQQ - 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 Invesco QQQ (QQQ). 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.
Not enough dataDividends
GOOX vs. QQQ - Dividend Comparison
GOOX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.50%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.50% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
GOOX vs. QQQ - Drawdown Comparison
The maximum GOOX drawdown since its inception was -41.86%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GOOX and QQQ. For additional features, visit the drawdowns tool.
Volatility
GOOX vs. QQQ - Volatility Comparison
T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a higher volatility of 14.99% compared to Invesco QQQ (QQQ) at 5.90%. This indicates that GOOX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.