IYW vs. GOOX

Last updated Aug 2, 2026

IYW (iShares U.S. Technology ETF) and GOOX (T-Rex 2X Long Alphabet Daily Target ETF) are both exchange-traded funds - IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index, while GOOX is a Leveraged Equities fund actively managed by T-Rex. IYW is passively managed, while GOOX is actively managed. Over the past year, IYW returned 34.47% vs 189.26% for GOOX. Their 0.57 correlation means they have sometimes moved together and sometimes differently. IYW charges 0.38%/yr vs 1.05%/yr for GOOX.

Performance

IYW vs. GOOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Technology ETF (IYW) and T-Rex 2X Long Alphabet Daily Target ETF (GOOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IYW achieves a 19.29% return, which is significantly higher than GOOX's 14.32% return.

IYW

• 1D: 0.46%
• 1M: -2.23%
• 6M: 20.08%
• YTD: 19.29%
• 1Y: 34.47%
• 3Y*: 28.25%
• 5Y*: 18.55%
• 10Y*: 24.38%
• ALL TIME*: 9.16%

GOOX

• 1D: 14.09%
• 1M: -2.18%
• 6M: -0.73%
• YTD: 14.32%
• 1Y: 189.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 66.14%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GOOX T-Rex 2X Long Alphabet Daily Target ETF	$8.35M	$6.68M	$7.65M
IYW iShares U.S. Technology ETF	$125.49M	$126.55M	$189.91M

IYW vs. GOOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IYW iShares U.S. Technology ETF	19.29%	25.38%	30.75%
GOOX T-Rex 2X Long Alphabet Daily Target ETF	14.32%	121.41%	44.31%

Correlation

The correlation between IYW and GOOX is 0.50, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.50
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.57

The correlation between IYW and GOOX has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.

Return for Risk

IYW vs. GOOX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IYW

IYW Risk / Return Rank: 51
IYW Sharpe Ratio Rank: 56
IYW Sortino Ratio Rank: 53
IYW Omega Ratio Rank: 51
IYW Calmar Ratio Rank: 50
IYW Martin Ratio Rank: 46

GOOX

GOOX Risk / Return Rank: 91
GOOX Sharpe Ratio Rank: 96
GOOX Sortino Ratio Rank: 92
GOOX Omega Ratio Rank: 89
GOOX Calmar Ratio Rank: 94
GOOX Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IYW vs. GOOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) 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.

	IYW	GOOX	Difference
Sharpe ratio: Return per unit of total volatility	1.33	2.84	-1.51
Sortino ratio: Return per unit of downside risk	1.85	3.39	-1.55
Omega ratio: Gain probability vs. loss probability	1.23	1.41	-0.18
Calmar ratio: Return relative to maximum drawdown	1.77	4.63	-2.86
Martin ratio: Return relative to average drawdown	5.23	11.97	-6.74

IYW vs. GOOX - Sharpe Ratio Comparison

The current IYW Sharpe Ratio is 1.33, which is lower than the GOOX Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of IYW and GOOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IYW vs. GOOX - Drawdown Comparison

The maximum IYW drawdown since its inception was -81.90%, which is greater than GOOX's maximum drawdown of -52.46%. Use the drawdown chart below to compare losses from any high point for IYW and GOOX.

Drawdown Indicators

	IYW	GOOX	Difference
Max Drawdown Largest peak-to-trough decline	-81.90%	-52.46%	-29.44%
Max Drawdown (1Y) Largest decline over 1 year	-17.81%	-39.00%	+21.19%
Max Drawdown (3Y) Largest decline over 3 years	-26.47%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.44%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.44%	—	—
Current Drawdown Current decline from peak	-8.40%	-24.02%	+15.62%
Average Drawdown Average peak-to-trough decline	-34.48%	-17.47%	-17.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.03%	15.07%	-9.04%

Volatility

IYW vs. GOOX - Volatility Comparison

The current volatility for iShares U.S. Technology ETF (IYW) is 7.86%, while T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a volatility of 26.36%. This indicates that IYW 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.

Volatility by Period

	IYW	GOOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.86%	26.36%	-18.50%
Volatility (6M) Calculated over the trailing 6-month period	19.90%	48.89%	-28.99%
Volatility (1Y) Calculated over the trailing 1-year period	23.79%	63.83%	-40.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.47%	61.81%	-35.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.36%	61.81%	-36.45%

IYW vs. GOOX - Expense Ratio Comparison

IYW has a 0.38% expense ratio, which is lower than GOOX's 1.05% expense ratio.

Dividends

IYW vs. GOOX - Dividend Comparison

IYW's dividend yield for the trailing twelve months is around 0.11%, less than GOOX's 0.27% 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%
IYW iShares U.S. Technology ETF	0.11%	0.14%	0.21%	0.34%	0.50%	0.31%	0.56%	0.72%	0.92%	0.82%	1.14%	1.12%

Frequently Asked Questions

Can I hold both IYW and GOOX in my portfolio?

IYW and GOOX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IYW or GOOX?

GOOX has higher volatility (26.36%) compared to IYW (7.86%). In terms of maximum drawdown, IYW dropped -81.90% vs GOOX's -52.46%.

Which ETF is better, IYW or GOOX?

On 1-year performance, GOOX leads with 189.26% vs 34.47% for IYW. On fees, IYW is cheaper at 0.38% per year. On volatility, IYW has been the lower-risk option at 7.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYW or GOOX?

Over the 1-year period, GOOX has performed better with a 189.26% return vs 34.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYW or GOOX?

IYW is cheaper with a 0.38% expense ratio, compared with 1.05% for GOOX.

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

GOOX has the higher dividend yield at 0.27%, compared with 0.11% for IYW.

What is the main difference between IYW and GOOX?

IYW is categorized as Technology Equities, while GOOX is Leveraged Equities. They also come from different issuers: iShares and T-Rex. Their fees differ too: 0.38% for IYW and 1.05% for GOOX.

Which has better risk-adjusted returns?

GOOX currently has the higher Sharpe Ratio (2.84 vs 1.33), 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.