IGV vs. GOOX
IGV (iShares Expanded Tech-Software Sector ETF) and GOOX (T-Rex 2X Long Alphabet Daily Target ETF) are both exchange-traded funds - IGV is a Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while GOOX is a Leveraged Equities fund actively managed by T-Rex. IGV is passively managed, while GOOX is actively managed. Over the past year, IGV returned -10.30% vs 213.88% for GOOX. Their 0.42 correlation means their historical movements had little consistent relationship. IGV charges 0.39%/yr vs 1.05%/yr for GOOX.
Performance
IGV vs. GOOX - Performance Comparison
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Returns By Period
In the year-to-date period, IGV achieves a -7.81% return, which is significantly lower than GOOX's 24.05% return.
IGV
- 1D
- 3.00%
- 1M
- 4.11%
- 6M
- 8.85%
- YTD
- -7.81%
- 1Y
- -10.30%
- 3Y*
- 12.00%
- 5Y*
- 3.63%
- 10Y*
- 16.04%
- ALL TIME*
- 9.49%
GOOX
- 1D
- 8.51%
- 1M
- 6.14%
- 6M
- 3.76%
- YTD
- 24.05%
- 1Y
- 213.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 71.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.21M | $7.02M | $7.62M | |
| $1.47B | $1.27B | $1.69B |
IGV vs. GOOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | -7.81% | 5.56% | 23.85% |
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 24.05% | 121.41% | 44.31% |
Correlation
The correlation between IGV and GOOX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.42 |
The correlation between IGV and GOOX shifts across timeframes, from 0.30 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IGV vs. GOOX — Risk / Return Rank
IGV
GOOX
IGV vs. GOOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) and T-Rex 2X Long Alphabet Daily Target ETF (GOOX). 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.
| IGV | GOOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.72 | ||
| Sortino ratioReturn per unit of downside risk | -4.05 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.46 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 5.52 | -5.80 |
| Martin ratioReturn relative to average drawdown | -0.53 | 14.22 | -14.75 |
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Drawdowns
IGV vs. GOOX - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, which is greater than GOOX's maximum drawdown of -52.46%. Use the drawdown chart below to compare losses from any high point for IGV and GOOX.
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Drawdown Indicators
| IGV | GOOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -52.46% | -10.99% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -39.00% | +2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | — | — |
Current DrawdownCurrent decline from peak | -17.28% | -17.55% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -14.49% | -17.47% | +2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.38% | 15.11% | +4.27% |
Volatility
IGV vs. GOOX - Volatility Comparison
The current volatility for iShares Expanded Tech-Software Sector ETF (IGV) is 7.40%, while T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a volatility of 27.63%. This indicates that IGV experiences smaller price fluctuations and is considered to be less risky than GOOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGV | GOOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 27.63% | -20.23% |
Volatility (6M)Calculated over the trailing 6-month period | 25.09% | 49.57% | -24.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.25% | 64.16% | -34.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.21% | 61.98% | -33.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.47% | 61.98% | -35.51% |
IGV vs. GOOX - Expense Ratio Comparison
IGV has a 0.39% expense ratio, which is lower than GOOX's 1.05% expense ratio.
Dividends
IGV vs. GOOX - Dividend Comparison
IGV's dividend yield for the trailing twelve months is around 0.02%, less than GOOX's 0.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 0.25% | 0.30% | 16.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGV iShares Expanded Tech-Software Sector ETF | 0.02% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.35% | 0.02% | 0.16% | 0.09% | 0.82% | 0.22% |
Frequently Asked Questions
IGV and GOOX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOX has higher volatility (27.63%) compared to IGV (7.40%). In terms of maximum drawdown, IGV dropped -63.45% vs GOOX's -52.46%.
On 1-year performance, GOOX leads with 213.88% vs -10.30% for IGV. On fees, IGV is cheaper at 0.39% per year. On volatility, IGV has been the lower-risk option at 7.40%. 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 213.88% return vs -10.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGV is cheaper with a 0.39% expense ratio, compared with 1.05% for GOOX.
GOOX has the higher dividend yield at 0.25%, compared with 0.02% for IGV.
IGV is categorized as Technology Equities, while GOOX is Leveraged Equities. They also come from different issuers: iShares and T-Rex. Their fees differ too: 0.39% for IGV and 1.05% for GOOX.
GOOX currently has the higher Sharpe Ratio (3.36 vs -0.35), 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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