RDWU vs. OOQB

Last updated Jun 5, 2026

RDWU (T-REX 2X Long RDW Daily Target ETF) and OOQB (Volatility Shares One+One Nasdaq-100® and Bitcoin ETF) are both exchange-traded funds - RDWU is a Leveraged Equities fund tracking the Redwire Corporation (RDW), while OOQB is a Nasdaq-100 fund actively managed by Volatility Shares. RDWU is passively managed, while OOQB is actively managed. At a 0.38 correlation, their price movements are largely independent. RDWU charges 1.50%/yr vs 0.75%/yr for OOQB.

Performance

RDWU vs. OOQB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long RDW Daily Target ETF (RDWU) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RDWU

• 1D: 31.87%
• 1M: 376.22%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OOQB

• 1D: 0.00%
• 1M: 0.00%
• YTD: -18.43%
• 6M: -24.56%
• 1Y: -26.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RDWU vs. OOQB - Yearly Performance Comparison

	2026 (YTD)
RDWU T-REX 2X Long RDW Daily Target ETF	71.70%
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF	-15.22%

Correlation

The correlation between RDWU and OOQB is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 2, 2026	0.38

Return for Risk

RDWU vs. OOQB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OOQB

OOQB Risk / Return Rank: 5
OOQB Sharpe Ratio Rank: 5
OOQB Sortino Ratio Rank: 5
OOQB Omega Ratio Rank: 5
OOQB Calmar Ratio Rank: 5
OOQB Martin Ratio Rank: 5

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.

RDWU vs. OOQB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long RDW Daily Target ETF (RDWU) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	RDWU	OOQB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	-0.41	+1.93

Drawdowns

RDWU vs. OOQB - Drawdown Comparison

The maximum RDWU drawdown since its inception was -66.94%, which is greater than OOQB's maximum drawdown of -53.44%. Use the drawdown chart below to compare losses from any high point for RDWU and OOQB.

Drawdown Indicators

	RDWU	OOQB	Difference
Max Drawdown Largest peak-to-trough decline	-66.94%	-53.44%	-13.50%
Max Drawdown (1Y) Largest decline over 1 year	—	-53.44%	—
Current Drawdown Current decline from peak	-35.27%	-43.69%	+8.42%
Average Drawdown Average peak-to-trough decline	-43.07%	-23.32%	-19.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	30.24%	—

Volatility

Volatility by Period

	RDWU	OOQB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	38.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	255.53%	51.51%	+204.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	255.53%	58.03%	+197.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	255.53%	58.03%	+197.50%

RDWU vs. OOQB - Expense Ratio Comparison

RDWU has a 1.50% expense ratio, which is higher than OOQB's 0.75% expense ratio.

Dividends

RDWU vs. OOQB - Dividend Comparison

RDWU has not paid dividends to shareholders, while OOQB's dividend yield for the trailing twelve months is around 11.62%.

Position	TTM	2025
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF	11.62%	9.53%
RDWU T-REX 2X Long RDW Daily Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both RDWU and OOQB in my portfolio?

RDWU and OOQB have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RDWU or OOQB?

On fees, OOQB is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RDWU or OOQB?

OOQB is cheaper with a 0.75% expense ratio, compared with 1.50% for RDWU.

Which ETF pays a higher dividend yield, RDWU or OOQB?

OOQB has the higher dividend yield at 11.62%, compared with 0.00% for RDWU.

What is the main difference between RDWU and OOQB?

RDWU is categorized as Leveraged Equities, while OOQB is Nasdaq-100. They also come from different issuers: T-Rex and Volatility Shares. Their fees differ too: 1.50% for RDWU and 0.75% for OOQB.