RSBA vs. GOOX

Last updated Jun 4, 2026

RSBA (Return Stacked Bonds & Merger Arbitrage ETF) and GOOX (T-Rex 2X Long Alphabet Daily Target ETF) are both Leveraged Bonds funds. Both are actively managed. Over the past year, RSBA returned 4.65% vs 274.80% for GOOX. At a 0.09 correlation, their price movements are largely independent. RSBA charges 0.96%/yr vs 1.05%/yr for GOOX.

Performance

RSBA vs. GOOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Return Stacked Bonds & Merger Arbitrage ETF (RSBA) 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, RSBA achieves a -0.30% return, which is significantly lower than GOOX's 18.83% return.

RSBA

• 1D: -0.24%
• 1M: 0.15%
• YTD: -0.30%
• 6M: -0.66%
• 1Y: 4.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOOX

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

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

RSBA vs. GOOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RSBA Return Stacked Bonds & Merger Arbitrage ETF	-0.30%	7.73%	-0.04%
GOOX T-Rex 2X Long Alphabet Daily Target ETF	18.83%	121.41%	-0.24%

Correlation

The correlation between RSBA and GOOX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024	0.09

The correlation between RSBA and GOOX shifts across timeframes, from 0.09 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RSBA vs. GOOX — Risk / Return Rank

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

RSBA

RSBA Risk / Return Rank: 30
RSBA Sharpe Ratio Rank: 28
RSBA Sortino Ratio Rank: 28
RSBA Omega Ratio Rank: 26
RSBA Calmar Ratio Rank: 35
RSBA Martin Ratio Rank: 32

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

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.

RSBA vs. GOOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Return Stacked Bonds & Merger Arbitrage ETF (RSBA) 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.

	RSBA	GOOX	Difference
Sharpe ratio: Return per unit of total volatility	1.02	4.83	-3.81
Sortino ratio: Return per unit of downside risk	1.52	4.89	-3.37
Omega ratio: Gain probability vs. loss probability	1.18	1.58	-0.41
Calmar ratio: Return relative to maximum drawdown	1.70	7.10	-5.40
Martin ratio: Return relative to average drawdown	4.70	24.06	-19.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSBA vs. GOOX - Sharpe Ratio Comparison

The current RSBA Sharpe Ratio is 1.02, which is lower than the GOOX Sharpe Ratio of 4.83. The chart below compares the historical Sharpe Ratios of RSBA 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.

Sharpe Ratios by Period

	RSBA	GOOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	4.83	-3.81
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	1.27	-0.27

Drawdowns

RSBA vs. GOOX - Drawdown Comparison

The maximum RSBA drawdown since its inception was -2.83%, smaller than the maximum GOOX drawdown of -52.46%. Use the drawdown chart below to compare losses from any high point for RSBA and GOOX.

Drawdown Indicators

	RSBA	GOOX	Difference
Max Drawdown Largest peak-to-trough decline	-2.83%	-52.46%	+49.63%
Max Drawdown (1Y) Largest decline over 1 year	-2.74%	-38.98%	+36.24%
Current Drawdown Current decline from peak	-1.62%	-21.02%	+19.40%
Average Drawdown Average peak-to-trough decline	-0.81%	-17.04%	+16.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	11.48%	-10.49%

Volatility

RSBA vs. GOOX - Volatility Comparison

The current volatility for Return Stacked Bonds & Merger Arbitrage ETF (RSBA) is 1.37%, while T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a volatility of 16.21%. This indicates that RSBA 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

	RSBA	GOOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.37%	16.21%	-14.84%
Volatility (6M) Calculated over the trailing 6-month period	3.27%	40.03%	-36.76%
Volatility (1Y) Calculated over the trailing 1-year period	4.59%	57.42%	-52.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.08%	60.37%	-55.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.08%	60.37%	-55.29%

RSBA vs. GOOX - Expense Ratio Comparison

RSBA has a 0.96% expense ratio, which is lower than GOOX's 1.05% expense ratio.

Dividends

RSBA vs. GOOX - Dividend Comparison

RSBA's dividend yield for the trailing twelve months is around 3.38%, more than GOOX's 0.26% yield.

Position	TTM	2025	2024
GOOX T-Rex 2X Long Alphabet Daily Target ETF	0.26%	0.30%	16.78%
RSBA Return Stacked Bonds & Merger Arbitrage ETF	3.38%	3.37%	0.01%

Frequently Asked Questions

Can I hold both RSBA and GOOX in my portfolio?

RSBA and GOOX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSBA or GOOX?

GOOX has higher volatility (16.21%) compared to RSBA (1.37%). In terms of maximum drawdown, RSBA dropped -2.83% vs GOOX's -52.46%.

Which ETF is better, RSBA or GOOX?

On 1-year performance, GOOX leads with 274.80% vs 4.65% for RSBA. On fees, RSBA is cheaper at 0.96% per year. On volatility, RSBA has been the lower-risk option at 1.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSBA or GOOX?

Over the 1-year period, GOOX has performed better with a 274.80% return vs 4.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSBA or GOOX?

RSBA is cheaper with a 0.96% expense ratio, compared with 1.05% for GOOX.

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

RSBA has the higher dividend yield at 3.38%, compared with 0.26% for GOOX.

What is the main difference between RSBA and GOOX?

They also come from different issuers: Return Stacked and T-Rex. Their fees differ too: 0.96% for RSBA and 1.05% for GOOX.

Which has better risk-adjusted returns?

GOOX currently has the higher Sharpe Ratio (4.83 vs 1.02), 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.