GOOX vs. SGVT

Last updated Jun 23, 2026

GOOX (T-Rex 2X Long Alphabet Daily Target ETF) and SGVT (Schwab Government Money Market ETF) are both exchange-traded funds - GOOX is a Leveraged Bonds fund actively managed by T-Rex, while SGVT is a Money Market fund actively managed by Charles Schwab. Both are actively managed. Over the past year, GOOX returned 257.68% vs 3.73% for SGVT. At a correlation of -0.08, they often move in opposite directions. GOOX charges 1.05%/yr vs 0.28%/yr for SGVT.

Performance

GOOX vs. SGVT - 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 Schwab Government Money Market ETF (SGVT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOOX achieves a 12.48% return, which is significantly higher than SGVT's 1.58% return.

GOOX

• 1D: -10.17%
• 1M: -16.87%
• YTD: 12.48%
• 6M: 13.50%
• 1Y: 257.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SGVT

• 1D: -0.02%
• 1M: 0.23%
• YTD: 1.58%
• 6M: 1.67%
• 1Y: 3.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GOOX vs. SGVT - Yearly Performance Comparison

	2026 (YTD)	2025
GOOX T-Rex 2X Long Alphabet Daily Target ETF	12.48%	178.29%
SGVT Schwab Government Money Market ETF	1.58%	2.22%

Correlation

The correlation between GOOX and SGVT is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	-0.08

Return for Risk

GOOX vs. SGVT — Risk / Return Rank

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

GOOX

GOOX Risk / Return Rank: 93
GOOX Sharpe Ratio Rank: 97
GOOX Sortino Ratio Rank: 94
GOOX Omega Ratio Rank: 90
GOOX Calmar Ratio Rank: 94
GOOX Martin Ratio Rank: 92

SGVT

SGVT Risk / Return Rank: 100
SGVT Sharpe Ratio Rank: 100
SGVT Sortino Ratio Rank: 100
SGVT Omega Ratio Rank: 100
SGVT Calmar Ratio Rank: 100
SGVT Martin Ratio Rank: 100

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. SGVT - 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 Schwab Government Money Market ETF (SGVT). 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	SGVT	Difference
Sharpe ratio: Return per unit of total volatility	4.44	17.39	-12.94
Sortino ratio: Return per unit of downside risk	4.55	83.20	-78.65
Omega ratio: Gain probability vs. loss probability	1.55	29.30	-27.75
Calmar ratio: Return relative to maximum drawdown	6.66	138.57	-131.92
Martin ratio: Return relative to average drawdown	21.48	1,254.38	-1,232.90

GOOX vs. SGVT - Sharpe Ratio Comparison

The current GOOX Sharpe Ratio is 4.44, which is lower than the SGVT Sharpe Ratio of 17.39. The chart below compares the historical Sharpe Ratios of GOOX and SGVT, 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. SGVT - Drawdown Comparison

The maximum GOOX drawdown since its inception was -52.46%, which is greater than SGVT's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for GOOX and SGVT.

Drawdown Indicators

	GOOX	SGVT	Difference
Max Drawdown Largest peak-to-trough decline	-52.46%	-0.03%	-52.43%
Max Drawdown (1Y) Largest decline over 1 year	-38.98%	-0.03%	-38.95%
Current Drawdown Current decline from peak	-25.24%	-0.02%	-25.22%
Average Drawdown Average peak-to-trough decline	-17.05%	-0.00%	-17.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.06%	0.00%	+12.06%

Volatility

GOOX vs. SGVT - Volatility Comparison

T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a higher volatility of 19.22% compared to Schwab Government Money Market ETF (SGVT) at 0.10%. This indicates that GOOX's price experiences larger fluctuations and is considered to be riskier than SGVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOX	SGVT	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.22%	0.10%	+19.12%
Volatility (6M) Calculated over the trailing 6-month period	41.81%	0.15%	+41.66%
Volatility (1Y) Calculated over the trailing 1-year period	58.51%	0.22%	+58.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.61%	0.22%	+60.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.61%	0.22%	+60.39%

GOOX vs. SGVT - Expense Ratio Comparison

GOOX has a 1.05% expense ratio, which is higher than SGVT's 0.28% expense ratio.

Dividends

GOOX vs. SGVT - Dividend Comparison

GOOX's dividend yield for the trailing twelve months is around 0.27%, less than SGVT's 3.11% yield.

Position	TTM	2025	2024
GOOX T-Rex 2X Long Alphabet Daily Target ETF	0.27%	0.30%	16.78%
SGVT Schwab Government Money Market ETF	3.11%	1.73%	0.00%

Frequently Asked Questions

Can I hold both GOOX and SGVT in my portfolio?

GOOX and SGVT have a correlation of -0.06, 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 SGVT?

GOOX has higher volatility (19.22%) compared to SGVT (0.10%). In terms of maximum drawdown, GOOX dropped -52.46% vs SGVT's -0.03%.

Which ETF is better, GOOX or SGVT?

On 1-year performance, GOOX leads with 257.68% vs 3.73% for SGVT. On fees, SGVT is cheaper at 0.28% per year. On volatility, SGVT has been the lower-risk option at 0.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOX or SGVT?

Over the 1-year period, GOOX has performed better with a 257.68% return vs 3.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOX or SGVT?

SGVT is cheaper with a 0.28% expense ratio, compared with 1.05% for GOOX.

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

SGVT has the higher dividend yield at 3.11%, compared with 0.27% for GOOX.

What is the main difference between GOOX and SGVT?

GOOX is categorized as Leveraged Bonds, while SGVT is Money Market. They also come from different issuers: T-Rex and Charles Schwab. Their fees differ too: 1.05% for GOOX and 0.28% for SGVT.

Which has better risk-adjusted returns?

SGVT currently has the higher Sharpe Ratio (17.39 vs 4.44), 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.