TEK vs. GOOX

Last updated Aug 2, 2026

TEK (iShares Technology Opportunities Active ETF) and GOOX (T-Rex 2X Long Alphabet Daily Target ETF) are both exchange-traded funds - TEK is a Technology Equities fund actively managed by iShares, while GOOX is a Leveraged Equities fund actively managed by T-Rex. Both are actively managed. Over the past year, TEK returned 30.40% vs 189.26% for GOOX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. TEK charges 0.75%/yr vs 1.05%/yr for GOOX.

Performance

TEK vs. GOOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Technology Opportunities Active ETF (TEK) 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, TEK achieves a 21.44% return, which is significantly higher than GOOX's 14.32% return.

TEK

• 1D: 1.29%
• 1M: -7.12%
• 6M: 19.04%
• YTD: 21.44%
• 1Y: 30.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.70%

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
TEK iShares Technology Opportunities Active ETF	$171.97K	$226.82K	$208.52K

TEK vs. GOOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TEK iShares Technology Opportunities Active ETF	21.44%	18.63%	2.63%
GOOX T-Rex 2X Long Alphabet Daily Target ETF	14.32%	121.41%	27.51%

Correlation

The correlation between TEK and GOOX is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024	0.53

The correlation between TEK and GOOX has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.

Return for Risk

TEK vs. GOOX — Risk / Return Rank

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

TEK

TEK Risk / Return Rank: 35
TEK Sharpe Ratio Rank: 34
TEK Sortino Ratio Rank: 35
TEK Omega Ratio Rank: 34
TEK Calmar Ratio Rank: 35
TEK Martin Ratio Rank: 36

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.

TEK vs. GOOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Technology Opportunities Active ETF (TEK) 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.

	TEK	GOOX	Difference
Sharpe ratio: Return per unit of total volatility	0.83	2.84	-2.01
Sortino ratio: Return per unit of downside risk	1.30	3.39	-2.09
Omega ratio: Gain probability vs. loss probability	1.16	1.41	-0.25
Calmar ratio: Return relative to maximum drawdown	1.23	4.63	-3.41
Martin ratio: Return relative to average drawdown	3.53	11.97	-8.44

TEK vs. GOOX - Sharpe Ratio Comparison

The current TEK Sharpe Ratio is 0.83, which is lower than the GOOX Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of TEK 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

TEK vs. GOOX - Drawdown Comparison

The maximum TEK drawdown since its inception was -28.24%, smaller than the maximum GOOX drawdown of -52.46%. Use the drawdown chart below to compare losses from any high point for TEK and GOOX.

Drawdown Indicators

	TEK	GOOX	Difference
Max Drawdown Largest peak-to-trough decline	-28.24%	-52.46%	+24.22%
Max Drawdown (1Y) Largest decline over 1 year	-22.55%	-39.00%	+16.45%
Current Drawdown Current decline from peak	-15.72%	-24.02%	+8.30%
Average Drawdown Average peak-to-trough decline	-6.17%	-17.47%	+11.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.82%	15.07%	-7.25%

Volatility

TEK vs. GOOX - Volatility Comparison

The current volatility for iShares Technology Opportunities Active ETF (TEK) is 14.74%, while T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a volatility of 26.36%. This indicates that TEK 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

	TEK	GOOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.74%	26.36%	-11.62%
Volatility (6M) Calculated over the trailing 6-month period	29.28%	48.89%	-19.61%
Volatility (1Y) Calculated over the trailing 1-year period	33.18%	63.83%	-30.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.24%	61.81%	-29.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.24%	61.81%	-29.57%

TEK vs. GOOX - Expense Ratio Comparison

TEK has a 0.75% expense ratio, which is lower than GOOX's 1.05% expense ratio.

Dividends

TEK vs. GOOX - Dividend Comparison

TEK's dividend yield for the trailing twelve months is around 1.31%, more than GOOX's 0.27% yield.

Position	TTM	2025	2024
GOOX T-Rex 2X Long Alphabet Daily Target ETF	0.27%	0.30%	16.78%
TEK iShares Technology Opportunities Active ETF	1.31%	1.62%	0.00%

Frequently Asked Questions

Can I hold both TEK and GOOX in my portfolio?

TEK and GOOX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEK or GOOX?

GOOX has higher volatility (26.36%) compared to TEK (14.74%). In terms of maximum drawdown, TEK dropped -28.24% vs GOOX's -52.46%.

Which ETF is better, TEK or GOOX?

On 1-year performance, GOOX leads with 189.26% vs 30.40% for TEK. On fees, TEK is cheaper at 0.75% per year. On volatility, TEK has been the lower-risk option at 14.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEK or GOOX?

Over the 1-year period, GOOX has performed better with a 189.26% return vs 30.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEK or GOOX?

TEK is cheaper with a 0.75% expense ratio, compared with 1.05% for GOOX.

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

TEK has the higher dividend yield at 1.31%, compared with 0.27% for GOOX.

What is the main difference between TEK and GOOX?

TEK is categorized as Technology Equities, while GOOX is Leveraged Equities. They also come from different issuers: iShares and T-Rex. Their fees differ too: 0.75% for TEK and 1.05% for GOOX.

Which has better risk-adjusted returns?

GOOX currently has the higher Sharpe Ratio (2.84 vs 0.83), 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.