GOOX vs. TPYP
GOOX (T-Rex 2X Long Alphabet Daily Target ETF) and TPYP (Tortoise North American Pipeline Fund) are both exchange-traded funds - GOOX is a Leveraged Bonds fund actively managed by T-Rex, while TPYP is a Energy Equities fund tracking the Tortoise North American Pipeline Index. GOOX is actively managed, while TPYP is passively managed. Over the past year, GOOX returned 257.68% vs 23.32% for TPYP. At a 0.04 correlation, their price movements are largely independent. GOOX charges 1.05%/yr vs 0.40%/yr for TPYP.
Performance
GOOX vs. TPYP - Performance Comparison
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Returns By Period
In the year-to-date period, GOOX achieves a 12.48% return, which is significantly lower than TPYP's 20.05% return.
GOOX
- 1D
- -10.17%
- 1M
- -16.87%
- YTD
- 12.48%
- 6M
- 13.50%
- 1Y
- 257.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TPYP
- 1D
- 1.24%
- 1M
- -4.81%
- YTD
- 20.05%
- 6M
- 21.48%
- 1Y
- 23.32%
- 3Y*
- 25.65%
- 5Y*
- 17.96%
- 10Y*
- 11.74%
GOOX vs. TPYP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 12.48% | 121.41% | 44.31% |
TPYP Tortoise North American Pipeline Fund | 20.05% | 7.59% | 36.27% |
Correlation
The correlation between GOOX and TPYP is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.04 |
The correlation between GOOX and TPYP shifts across timeframes, from -0.10 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GOOX vs. TPYP — Risk / Return Rank
GOOX
TPYP
GOOX vs. TPYP - 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 Tortoise North American Pipeline Fund (TPYP). 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 | TPYP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.30 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 6.66 | 3.42 | +3.23 |
| Martin ratioReturn relative to average drawdown | 21.48 | 8.48 | +13.00 |
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Drawdowns
GOOX vs. TPYP - Drawdown Comparison
The maximum GOOX drawdown since its inception was -52.46%, roughly equal to the maximum TPYP drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for GOOX and TPYP.
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Drawdown Indicators
| GOOX | TPYP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.46% | -51.91% | -0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -38.98% | -6.84% | -32.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.91% | — |
Current DrawdownCurrent decline from peak | -25.24% | -5.28% | -19.96% |
Average DrawdownAverage peak-to-trough decline | -17.05% | -7.88% | -9.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.06% | 2.76% | +9.30% |
Volatility
GOOX vs. TPYP - Volatility Comparison
T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a higher volatility of 19.22% compared to Tortoise North American Pipeline Fund (TPYP) at 5.08%. This indicates that GOOX's price experiences larger fluctuations and is considered to be riskier than TPYP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOOX | TPYP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.22% | 5.08% | +14.14% |
Volatility (6M)Calculated over the trailing 6-month period | 41.81% | 10.33% | +31.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.51% | 13.30% | +45.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.61% | 17.39% | +43.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.61% | 21.93% | +38.68% |
GOOX vs. TPYP - Expense Ratio Comparison
GOOX has a 1.05% expense ratio, which is higher than TPYP's 0.40% expense ratio.
Dividends
GOOX vs. TPYP - Dividend Comparison
GOOX's dividend yield for the trailing twelve months is around 0.27%, less than TPYP's 3.25% 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% |
TPYP Tortoise North American Pipeline Fund | 3.25% | 3.91% | 3.95% | 4.83% | 4.48% | 4.86% | 6.14% | 4.45% | 4.58% | 3.71% | 3.49% | 2.56% |
Frequently Asked Questions
GOOX and TPYP have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOX has higher volatility (19.22%) compared to TPYP (5.08%). In terms of maximum drawdown, GOOX dropped -52.46% vs TPYP's -51.91%.
On 1-year performance, GOOX leads with 257.68% vs 23.32% for TPYP. On fees, TPYP is cheaper at 0.40% per year. On volatility, TPYP has been the lower-risk option at 5.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GOOX has performed better with a 257.68% return vs 23.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TPYP is cheaper with a 0.40% expense ratio, compared with 1.05% for GOOX.
TPYP has the higher dividend yield at 3.25%, compared with 0.27% for GOOX.
GOOX is categorized as Leveraged Bonds, while TPYP is Energy Equities. They also come from different issuers: T-Rex and Tortoise. Their fees differ too: 1.05% for GOOX and 0.40% for TPYP.
GOOX currently has the higher Sharpe Ratio (4.44 vs 1.76), 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.
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