LOUP vs. GOOX

Last updated Aug 2, 2026

LOUP (Innovator Deepwater Frontier Tech ETF) and GOOX (T-Rex 2X Long Alphabet Daily Target ETF) are both exchange-traded funds - LOUP is a Technology Equities fund tracking the Deepwater Frontier Tech Index, while GOOX is a Leveraged Equities fund actively managed by T-Rex. LOUP is passively managed, while GOOX is actively managed. Over the past year, LOUP returned 37.12% vs 189.26% for GOOX. Their 0.47 correlation means their historical movements had little consistent relationship. LOUP charges 0.70%/yr vs 1.05%/yr for GOOX.

Performance

LOUP vs. GOOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Deepwater Frontier Tech ETF (LOUP) 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, LOUP achieves a 11.39% return, which is significantly lower than GOOX's 14.32% return.

LOUP

• 1D: -1.29%
• 1M: -11.40%
• 6M: 9.89%
• YTD: 11.39%
• 1Y: 37.12%
• 3Y*: 27.47%
• 5Y*: 10.70%
• 10Y*: —
• ALL TIME*: 16.49%

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
LOUP Innovator Deepwater Frontier Tech ETF	$926.73K	$920.97K	$1.38M

LOUP vs. GOOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LOUP Innovator Deepwater Frontier Tech ETF	11.39%	43.24%	25.78%
GOOX T-Rex 2X Long Alphabet Daily Target ETF	14.32%	121.41%	44.31%

Correlation

The correlation between LOUP and GOOX is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.43
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.47

Return for Risk

LOUP vs. GOOX — Risk / Return Rank

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

LOUP

LOUP Risk / Return Rank: 42
LOUP Sharpe Ratio Rank: 42
LOUP Sortino Ratio Rank: 41
LOUP Omega Ratio Rank: 38
LOUP Calmar Ratio Rank: 44
LOUP Martin Ratio Rank: 42

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.

LOUP vs. GOOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Deepwater Frontier Tech ETF (LOUP) 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.

	LOUP	GOOX	Difference
Sharpe ratio: Return per unit of total volatility	1.05	2.84	-1.79
Sortino ratio: Return per unit of downside risk	1.54	3.39	-1.86
Omega ratio: Gain probability vs. loss probability	1.18	1.41	-0.23
Calmar ratio: Return relative to maximum drawdown	1.55	4.63	-3.08
Martin ratio: Return relative to average drawdown	4.59	11.97	-7.38

LOUP vs. GOOX - Sharpe Ratio Comparison

The current LOUP Sharpe Ratio is 1.05, which is lower than the GOOX Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of LOUP 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

LOUP vs. GOOX - Drawdown Comparison

The maximum LOUP drawdown since its inception was -58.68%, which is greater than GOOX's maximum drawdown of -52.46%. Use the drawdown chart below to compare losses from any high point for LOUP and GOOX.

Drawdown Indicators

	LOUP	GOOX	Difference
Max Drawdown Largest peak-to-trough decline	-58.68%	-52.46%	-6.22%
Max Drawdown (1Y) Largest decline over 1 year	-21.00%	-39.00%	+18.00%
Max Drawdown (3Y) Largest decline over 3 years	-35.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-55.63%	—	—
Current Drawdown Current decline from peak	-14.75%	-24.02%	+9.27%
Average Drawdown Average peak-to-trough decline	-19.79%	-17.47%	-2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.09%	15.07%	-7.98%

Volatility

LOUP vs. GOOX - Volatility Comparison

The current volatility for Innovator Deepwater Frontier Tech ETF (LOUP) is 9.47%, while T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a volatility of 26.36%. This indicates that LOUP 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

	LOUP	GOOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.47%	26.36%	-16.89%
Volatility (6M) Calculated over the trailing 6-month period	25.04%	48.89%	-23.85%
Volatility (1Y) Calculated over the trailing 1-year period	31.22%	63.83%	-32.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.84%	61.81%	-28.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.07%	61.81%	-29.74%

LOUP vs. GOOX - Expense Ratio Comparison

LOUP has a 0.70% expense ratio, which is lower than GOOX's 1.05% expense ratio.

Dividends

LOUP vs. GOOX - Dividend Comparison

LOUP has not paid dividends to shareholders, while GOOX's dividend yield for the trailing twelve months is around 0.27%.

Position	TTM	2025	2024
GOOX T-Rex 2X Long Alphabet Daily Target ETF	0.27%	0.30%	16.78%
LOUP Innovator Deepwater Frontier Tech ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LOUP and GOOX in my portfolio?

LOUP and GOOX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LOUP or GOOX?

GOOX has higher volatility (26.36%) compared to LOUP (9.47%). In terms of maximum drawdown, LOUP dropped -58.68% vs GOOX's -52.46%.

Which ETF is better, LOUP or GOOX?

On 1-year performance, GOOX leads with 189.26% vs 37.12% for LOUP. On fees, LOUP is cheaper at 0.70% per year. On volatility, LOUP has been the lower-risk option at 9.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LOUP or GOOX?

Over the 1-year period, GOOX has performed better with a 189.26% return vs 37.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LOUP or GOOX?

LOUP is cheaper with a 0.70% expense ratio, compared with 1.05% for GOOX.

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

GOOX has the higher dividend yield at 0.27%, compared with 0.00% for LOUP.

What is the main difference between LOUP and GOOX?

LOUP is categorized as Technology Equities, while GOOX is Leveraged Equities. They also come from different issuers: Innovator and T-Rex. Their fees differ too: 0.70% for LOUP and 1.05% for GOOX.

Which has better risk-adjusted returns?

GOOX currently has the higher Sharpe Ratio (2.84 vs 1.05), 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.