GOOX vs. USOY

Last updated Jun 4, 2026

GOOX (T-Rex 2X Long Alphabet Daily Target ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - GOOX is a Leveraged Bonds fund actively managed by T-Rex, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. Over the past year, GOOX returned 274.80% vs 57.29% for USOY. At a correlation of -0.02, they often move in opposite directions. GOOX charges 1.05%/yr vs 1.22%/yr for USOY.

Performance

GOOX vs. USOY - 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 Defiance Oil Enhanced Options Income ETF (USOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOOX achieves a 18.83% return, which is significantly lower than USOY's 62.18% return.

GOOX

• 1D: -1.31%
• 1M: -13.31%
• YTD: 18.83%
• 6M: 12.03%
• 1Y: 274.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: 1.45%
• 1M: -3.43%
• YTD: 62.18%
• 6M: 59.35%
• 1Y: 57.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GOOX vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GOOX T-Rex 2X Long Alphabet Daily Target ETF	18.83%	121.41%	12.54%
USOY Defiance Oil Enhanced Options Income ETF	62.18%	-7.93%	7.27%

Correlation

The correlation between GOOX and USOY is -0.22, 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	-0.22
Correlation (All Time) Calculated using the full available price history since May 13, 2024	-0.02

Over the past year, the inverse relationship between GOOX and USOY has strengthened: their correlation has moved from -0.02 to -0.22, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

GOOX vs. USOY — 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: 93

USOY

USOY Risk / Return Rank: 56
USOY Sharpe Ratio Rank: 55
USOY Sortino Ratio Rank: 46
USOY Omega Ratio Rank: 55
USOY Calmar Ratio Rank: 78
USOY Martin Ratio Rank: 46

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. USOY - 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 Defiance Oil Enhanced Options Income ETF (USOY). 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	USOY	Difference
Sharpe ratio: Return per unit of total volatility	4.83	1.89	+2.94
Sortino ratio: Return per unit of downside risk	4.89	2.30	+2.59
Omega ratio: Gain probability vs. loss probability	1.58	1.35	+0.23
Calmar ratio: Return relative to maximum drawdown	7.10	4.03	+3.07
Martin ratio: Return relative to average drawdown	24.06	7.74	+16.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOOX vs. USOY - Sharpe Ratio Comparison

The current GOOX Sharpe Ratio is 4.83, which is higher than the USOY Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of GOOX and USOY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GOOX	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.83	1.89	+2.94
Sharpe Ratio (All Time) Calculated using the full available price history	1.27	0.99	+0.28

Drawdowns

GOOX vs. USOY - Drawdown Comparison

The maximum GOOX drawdown since its inception was -52.46%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for GOOX and USOY.

Drawdown Indicators

	GOOX	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-52.46%	-17.46%	-35.00%
Max Drawdown (1Y) Largest decline over 1 year	-38.98%	-14.29%	-24.69%
Current Drawdown Current decline from peak	-21.02%	-5.11%	-15.91%
Average Drawdown Average peak-to-trough decline	-17.04%	-6.47%	-10.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.48%	7.42%	+4.06%

Volatility

GOOX vs. USOY - Volatility Comparison

T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a higher volatility of 16.21% compared to Defiance Oil Enhanced Options Income ETF (USOY) at 11.62%. This indicates that GOOX's price experiences larger fluctuations and is considered to be riskier than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOX	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.21%	11.62%	+4.59%
Volatility (6M) Calculated over the trailing 6-month period	40.03%	27.18%	+12.85%
Volatility (1Y) Calculated over the trailing 1-year period	57.42%	30.44%	+26.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.37%	26.13%	+34.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.37%	26.13%	+34.24%

GOOX vs. USOY - Expense Ratio Comparison

GOOX has a 1.05% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

GOOX vs. USOY - Dividend Comparison

GOOX's dividend yield for the trailing twelve months is around 0.26%, less than USOY's 54.16% yield.

Position	TTM	2025	2024
GOOX T-Rex 2X Long Alphabet Daily Target ETF	0.26%	0.30%	16.78%
USOY Defiance Oil Enhanced Options Income ETF	54.16%	104.32%	48.60%

Frequently Asked Questions

Can I hold both GOOX and USOY in my portfolio?

GOOX and USOY have a correlation of -0.22, 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 USOY?

GOOX has higher volatility (16.21%) compared to USOY (11.62%). In terms of maximum drawdown, GOOX dropped -52.46% vs USOY's -17.46%.

Which ETF is better, GOOX or USOY?

On 1-year performance, GOOX leads with 274.80% vs 57.29% for USOY. On fees, GOOX is cheaper at 1.05% per year. On volatility, USOY has been the lower-risk option at 11.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOX or USOY?

Over the 1-year period, GOOX has performed better with a 274.80% return vs 57.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOX or USOY?

GOOX is cheaper with a 1.05% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 54.16%, compared with 0.26% for GOOX.

What is the main difference between GOOX and USOY?

GOOX is categorized as Leveraged Bonds, while USOY is Derivative Income. They also come from different issuers: T-Rex and Defiance. Their fees differ too: 1.05% for GOOX and 1.22% for USOY.

Which has better risk-adjusted returns?

GOOX currently has the higher Sharpe Ratio (4.83 vs 1.89), 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.