GOOX vs. TBT
Compare and contrast key facts about T-Rex 2X Long Alphabet Daily Target ETF (GOOX) and ProShares UltraShort 20+ Year Treasury (TBT).
GOOX and TBT 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. TBT is a passively managed fund by ProShares that tracks the performance of the U.S. Treasury 20+ Year Index (-200%). It was launched on May 1, 2008.
Performance
GOOX vs. TBT - Performance Comparison
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GOOX vs. TBT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GOOX T-Rex 2X Long Alphabet Daily Target ETF | -15.09% | 121.41% | 46.80% |
TBT ProShares UltraShort 20+ Year Treasury | 1.08% | -1.45% | 21.28% |
Returns By Period
In the year-to-date period, GOOX achieves a -15.09% return, which is significantly lower than TBT's 1.08% return.
GOOX
- 1D
- 5.75%
- 1M
- -8.54%
- YTD
- -15.09%
- 6M
- 32.03%
- 1Y
- 184.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TBT
- 1D
- 0.03%
- 1M
- 7.25%
- YTD
- 1.08%
- 6M
- 5.73%
- 1Y
- 9.66%
- 3Y*
- 12.56%
- 5Y*
- 13.91%
- 10Y*
- 1.35%
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GOOX vs. TBT - Expense Ratio Comparison
GOOX has a 1.05% expense ratio, which is higher than TBT's 0.92% expense ratio.
Return for Risk
GOOX vs. TBT — Risk / Return Rank
GOOX
TBT
GOOX vs. TBT - 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 UltraShort 20+ Year Treasury (TBT). 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 | TBT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.03 | 0.43 | +2.61 |
Sortino ratioReturn per unit of downside risk | 3.46 | 0.79 | +2.67 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.09 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 4.99 | 0.44 | +4.55 |
Martin ratioReturn relative to average drawdown | 18.01 | 0.79 | +17.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GOOX | TBT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.03 | 0.43 | +2.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.44 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | -0.33 | +1.32 |
Correlation
The correlation between GOOX and TBT is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
GOOX vs. TBT - Dividend Comparison
GOOX's dividend yield for the trailing twelve months is around 0.36%, less than TBT's 2.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 0.36% | 0.30% | 16.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TBT ProShares UltraShort 20+ Year Treasury | 2.95% | 3.21% | 4.64% | 4.98% | 0.42% | 0.00% | 0.32% | 2.12% | 0.99% |
Drawdowns
GOOX vs. TBT - Drawdown Comparison
The maximum GOOX drawdown since its inception was -52.46%, smaller than the maximum TBT drawdown of -94.99%. Use the drawdown chart below to compare losses from any high point for GOOX and TBT.
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Drawdown Indicators
| GOOX | TBT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.46% | -94.99% | +42.53% |
Max Drawdown (1Y)Largest decline over 1 year | -38.98% | -17.29% | -21.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -65.09% | — |
Current DrawdownCurrent decline from peak | -28.97% | -85.92% | +56.95% |
Average DrawdownAverage peak-to-trough decline | -17.66% | -77.25% | +59.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.79% | 9.57% | +1.22% |
Volatility
GOOX vs. TBT - Volatility Comparison
T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a higher volatility of 18.50% compared to ProShares UltraShort 20+ Year Treasury (TBT) at 7.56%. This indicates that GOOX's price experiences larger fluctuations and is considered to be riskier than TBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOOX | TBT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.50% | 7.56% | +10.94% |
Volatility (6M)Calculated over the trailing 6-month period | 39.23% | 13.27% | +25.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.39% | 22.86% | +38.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.54% | 31.44% | +28.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.54% | 28.83% | +30.71% |