GOOX vs. UVXY

Last updated Jun 4, 2026

GOOX (T-Rex 2X Long Alphabet Daily Target ETF) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - GOOX is a Leveraged Bonds fund actively managed by T-Rex, while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). GOOX is actively managed, while UVXY is passively managed. Over the past year, GOOX returned 274.80% vs -72.91% for UVXY. At a correlation of -0.43, they often move in opposite directions. GOOX charges 1.05%/yr vs 0.95%/yr for UVXY.

Performance

GOOX vs. UVXY - 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 ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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 higher than UVXY's -19.06% return.

GOOX

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

UVXY

• 1D: -0.24%
• 1M: -22.10%
• YTD: -19.06%
• 6M: -37.37%
• 1Y: -72.91%
• 3Y*: -64.55%
• 5Y*: -67.90%
• 10Y*: -72.67%

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

GOOX vs. UVXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GOOX T-Rex 2X Long Alphabet Daily Target ETF	18.83%	121.41%	46.80%
UVXY ProShares Ultra VIX Short-Term Futures ETF	-19.06%	-65.32%	-45.83%

Correlation

The correlation between GOOX and UVXY is -0.41, 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	-0.41
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024	-0.43

Return for Risk

GOOX vs. UVXY — 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

UVXY

UVXY Risk / Return Rank: 1
UVXY Sharpe Ratio Rank: 2
UVXY Sortino Ratio Rank: 1
UVXY Omega Ratio Rank: 1
UVXY Calmar Ratio Rank: 1
UVXY Martin Ratio Rank: 2

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. UVXY - 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 Ultra VIX Short-Term Futures ETF (UVXY). 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	UVXY	Difference
Sharpe ratio: Return per unit of total volatility	4.83	-0.87	+5.69
Sortino ratio: Return per unit of downside risk	4.89	-1.60	+6.49
Omega ratio: Gain probability vs. loss probability	1.58	0.82	+0.77
Calmar ratio: Return relative to maximum drawdown	7.10	-0.97	+8.07
Martin ratio: Return relative to average drawdown	24.06	-1.31	+25.38
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. UVXY - Sharpe Ratio Comparison

The current GOOX Sharpe Ratio is 4.83, which is higher than the UVXY Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of GOOX and UVXY, 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	UVXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.83	-0.87	+5.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.27	-0.68	+1.95

Drawdowns

GOOX vs. UVXY - Drawdown Comparison

The maximum GOOX drawdown since its inception was -52.46%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for GOOX and UVXY.

Drawdown Indicators

	GOOX	UVXY	Difference
Max Drawdown Largest peak-to-trough decline	-52.46%	-100.00%	+47.54%
Max Drawdown (1Y) Largest decline over 1 year	-38.98%	-75.22%	+36.24%
Max Drawdown (3Y) Largest decline over 3 years	—	-95.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-100.00%	—
Current Drawdown Current decline from peak	-21.02%	-100.00%	+78.98%
Average Drawdown Average peak-to-trough decline	-17.04%	-98.55%	+81.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.48%	55.63%	-44.15%

Volatility

GOOX vs. UVXY - Volatility Comparison

T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a higher volatility of 16.21% compared to ProShares Ultra VIX Short-Term Futures ETF (UVXY) at 11.77%. This indicates that GOOX's price experiences larger fluctuations and is considered to be riskier than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOX	UVXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.21%	11.77%	+4.44%
Volatility (6M) Calculated over the trailing 6-month period	40.03%	62.64%	-22.61%
Volatility (1Y) Calculated over the trailing 1-year period	57.42%	84.42%	-27.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.37%	103.85%	-43.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.37%	113.82%	-53.45%

GOOX vs. UVXY - Expense Ratio Comparison

GOOX has a 1.05% expense ratio, which is higher than UVXY's 0.95% expense ratio.

Dividends

GOOX vs. UVXY - Dividend Comparison

GOOX's dividend yield for the trailing twelve months is around 0.26%, while UVXY has not paid dividends to shareholders.

Position	TTM	2025	2024
GOOX T-Rex 2X Long Alphabet Daily Target ETF	0.26%	0.30%	16.78%
UVXY ProShares Ultra VIX Short-Term Futures ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GOOX and UVXY in my portfolio?

GOOX and UVXY have a correlation of -0.41, 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 UVXY?

GOOX has higher volatility (16.21%) compared to UVXY (11.77%). In terms of maximum drawdown, GOOX dropped -52.46% vs UVXY's -100.00%.

Which ETF is better, GOOX or UVXY?

On 1-year performance, GOOX leads with 274.80% vs -72.91% for UVXY. On fees, UVXY is cheaper at 0.95% per year. On volatility, UVXY has been the lower-risk option at 11.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOX or UVXY?

Over the 1-year period, GOOX has performed better with a 274.80% return vs -72.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOX or UVXY?

UVXY is cheaper with a 0.95% expense ratio, compared with 1.05% for GOOX.

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

GOOX has the higher dividend yield at 0.26%, compared with 0.00% for UVXY.

What is the main difference between GOOX and UVXY?

GOOX is categorized as Leveraged Bonds, while UVXY is Volatility. They also come from different issuers: T-Rex and ProShares. Their fees differ too: 1.05% for GOOX and 0.95% for UVXY.

Which has better risk-adjusted returns?

GOOX currently has the higher Sharpe Ratio (4.83 vs -0.87), 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.