GOOX vs. QQQ

Last updated Aug 2, 2026

GOOX (T-Rex 2X Long Alphabet Daily Target ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - GOOX is a Leveraged Equities fund actively managed by T-Rex, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. GOOX is actively managed, while QQQ is passively managed. Over the past year, GOOX returned 189.26% vs 24.81% for QQQ. Their 0.60 correlation means they have sometimes moved together and sometimes differently. GOOX charges 1.05%/yr vs 0.18%/yr for QQQ.

Performance

GOOX vs. QQQ - 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 Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOOX achieves a 14.32% return, which is significantly higher than QQQ's 12.26% return.

GOOX

• 1D: 14.09%
• 1M: -2.18%
• 6M: -0.73%
• YTD: 14.32%
• 1Y: 189.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 66.14%

QQQ

• 1D: 0.65%
• 1M: -3.45%
• 6M: 10.89%
• YTD: 12.26%
• 1Y: 24.81%
• 3Y*: 22.29%
• 5Y*: 14.23%
• 10Y*: 20.44%
• ALL TIME*: 10.64%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GOOX T-Rex 2X Long Alphabet Daily Target ETF	$8.35M	$6.68M	$7.65M
QQQ Invesco QQQ ETF	$30.32B	$28.40B	$31.45B

GOOX vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GOOX T-Rex 2X Long Alphabet Daily Target ETF	14.32%	121.41%	44.31%
QQQ Invesco QQQ ETF	12.26%	20.77%	25.89%

Correlation

The correlation between GOOX and QQQ is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.60

The correlation between GOOX and QQQ has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.

Return for Risk

GOOX vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GOOX

GOOX Risk / Return Rank: 91
GOOX Sharpe Ratio Rank: 96
GOOX Sortino Ratio Rank: 92
GOOX Omega Ratio Rank: 89
GOOX Calmar Ratio Rank: 94
GOOX Martin Ratio Rank: 85

QQQ

QQQ Risk / Return Rank: 49
QQQ Sharpe Ratio Rank: 47
QQQ Sortino Ratio Rank: 46
QQQ Omega Ratio Rank: 45
QQQ Calmar Ratio Rank: 53
QQQ Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GOOX vs. QQQ - 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 Invesco QQQ ETF (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.

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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.84	1.16	+1.68
Sortino ratio: Return per unit of downside risk	3.39	1.65	+1.74
Omega ratio: Gain probability vs. loss probability	1.41	1.21	+0.21
Calmar ratio: Return relative to maximum drawdown	4.63	1.88	+2.76
Martin ratio: Return relative to average drawdown	11.97	6.00	+5.97

GOOX vs. QQQ - Sharpe Ratio Comparison

The current GOOX Sharpe Ratio is 2.84, which is higher than the QQQ Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of GOOX and QQQ, 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. QQQ - Drawdown Comparison

The maximum GOOX drawdown since its inception was -52.46%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for GOOX and QQQ.

Drawdown Indicators

	GOOX	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-52.46%	-82.97%	+30.51%
Max Drawdown (1Y) Largest decline over 1 year	-39.00%	-11.96%	-27.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-24.02%	-7.69%	-16.33%
Average Drawdown Average peak-to-trough decline	-17.47%	-32.62%	+15.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.07%	3.74%	+11.33%

Volatility

GOOX vs. QQQ - Volatility Comparison

T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a higher volatility of 26.36% compared to Invesco QQQ ETF (QQQ) at 6.87%. 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.

Volatility by Period

	GOOX	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.36%	6.87%	+19.49%
Volatility (6M) Calculated over the trailing 6-month period	48.89%	16.08%	+32.81%
Volatility (1Y) Calculated over the trailing 1-year period	63.83%	19.38%	+44.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.81%	22.90%	+38.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.81%	22.50%	+39.31%

GOOX vs. QQQ - Expense Ratio Comparison

GOOX has a 1.05% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

GOOX vs. QQQ - Dividend Comparison

GOOX's dividend yield for the trailing twelve months is around 0.27%, less than QQQ's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOOX T-Rex 2X Long Alphabet Daily Target ETF	0.27%	0.30%	16.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.44%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both GOOX and QQQ in my portfolio?

GOOX and QQQ have a correlation of 0.54, 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 QQQ?

GOOX has higher volatility (26.36%) compared to QQQ (6.87%). In terms of maximum drawdown, GOOX dropped -52.46% vs QQQ's -82.97%.

Which ETF is better, GOOX or QQQ?

On 1-year performance, GOOX leads with 189.26% vs 24.81% for QQQ. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 6.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOX or QQQ?

Over the 1-year period, GOOX has performed better with a 189.26% return vs 24.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOX or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 1.05% for GOOX.

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

QQQ has the higher dividend yield at 0.44%, compared with 0.27% for GOOX.

What is the main difference between GOOX and QQQ?

GOOX is categorized as Leveraged Equities, while QQQ is Nasdaq-100. They also come from different issuers: T-Rex and Invesco. Their fees differ too: 1.05% for GOOX and 0.18% for QQQ.

Which has better risk-adjusted returns?

GOOX currently has the higher Sharpe Ratio (2.84 vs 1.16), 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.