XSW vs. GOOX
XSW (SPDR S&P Software & Services ETF) and GOOX (T-Rex 2X Long Alphabet Daily Target ETF) are both exchange-traded funds - XSW is a Technology Equities fund tracking the S&P Software & Services Select Industry Index, while GOOX is a Leveraged Equities fund actively managed by T-Rex. XSW is passively managed, while GOOX is actively managed. Over the past year, XSW returned 0.97% vs 189.26% for GOOX. Their 0.41 correlation means their historical movements had little consistent relationship. XSW charges 0.35%/yr vs 1.05%/yr for GOOX.
Performance
XSW vs. GOOX - Performance Comparison
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Returns By Period
In the year-to-date period, XSW achieves a -2.35% return, which is significantly lower than GOOX's 14.32% return.
XSW
- 1D
- 0.60%
- 1M
- 3.56%
- 6M
- 9.30%
- YTD
- -2.35%
- 1Y
- 0.97%
- 3Y*
- 8.86%
- 5Y*
- 1.40%
- 10Y*
- 13.43%
- ALL TIME*
- 14.98%
GOOX
- 1D
- 14.09%
- 1M
- -2.18%
- 6M
- -0.73%
- YTD
- 14.32%
- 1Y
- 189.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 66.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.35M | $6.68M | $7.65M | |
| $8.95M | $8.27M | $10.07M |
XSW vs. GOOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XSW SPDR S&P Software & Services ETF | -2.35% | -0.90% | 28.54% |
GOOX T-Rex 2X Long Alphabet Daily Target ETF | 14.32% | 121.41% | 44.31% |
Correlation
The correlation between XSW and GOOX is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.41 |
The correlation between XSW and GOOX shifts across timeframes, from 0.29 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XSW vs. GOOX — Risk / Return Rank
XSW
GOOX
XSW vs. GOOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Software & Services ETF (XSW) 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.
| XSW | GOOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.91 | ||
| Sortino ratioReturn per unit of downside risk | -3.29 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.41 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 4.63 | -4.70 |
| Martin ratioReturn relative to average drawdown | -0.13 | 11.97 | -12.10 |
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Drawdowns
XSW vs. GOOX - Drawdown Comparison
The maximum XSW drawdown since its inception was -45.38%, smaller than the maximum GOOX drawdown of -52.46%. Use the drawdown chart below to compare losses from any high point for XSW and GOOX.
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Drawdown Indicators
| XSW | GOOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.38% | -52.46% | +7.08% |
Max Drawdown (1Y)Largest decline over 1 year | -33.75% | -39.00% | +5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -33.75% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -45.38% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.38% | — | — |
Current DrawdownCurrent decline from peak | -10.96% | -24.02% | +13.06% |
Average DrawdownAverage peak-to-trough decline | -9.90% | -17.47% | +7.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.92% | 15.07% | +1.85% |
Volatility
XSW vs. GOOX - Volatility Comparison
The current volatility for SPDR S&P Software & Services ETF (XSW) is 8.03%, while T-Rex 2X Long Alphabet Daily Target ETF (GOOX) has a volatility of 26.36%. This indicates that XSW 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.
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Volatility by Period
| XSW | GOOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.03% | 26.36% | -18.33% |
Volatility (6M)Calculated over the trailing 6-month period | 24.75% | 48.89% | -24.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.79% | 63.83% | -34.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.15% | 61.81% | -32.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.36% | 61.81% | -35.45% |
XSW vs. GOOX - Expense Ratio Comparison
XSW has a 0.35% expense ratio, which is lower than GOOX's 1.05% expense ratio.
Dividends
XSW vs. GOOX - Dividend Comparison
XSW has not paid dividends to shareholders, while GOOX's dividend yield for the trailing twelve months is around 0.27%.
| 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% |
XSW SPDR S&P Software & Services ETF | 0.00% | 0.06% | 0.07% | 0.20% | 0.09% | 0.13% | 0.26% | 0.12% | 0.31% | 0.46% | 0.87% | 0.54% |
Frequently Asked Questions
XSW and GOOX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOX has higher volatility (26.36%) compared to XSW (8.03%). In terms of maximum drawdown, XSW dropped -45.38% vs GOOX's -52.46%.
On 1-year performance, GOOX leads with 189.26% vs 0.97% for XSW. On fees, XSW is cheaper at 0.35% per year. On volatility, XSW has been the lower-risk option at 8.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GOOX has performed better with a 189.26% return vs 0.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XSW is cheaper with a 0.35% expense ratio, compared with 1.05% for GOOX.
GOOX has the higher dividend yield at 0.27%, compared with 0.00% for XSW.
XSW is categorized as Technology Equities, while GOOX is Leveraged Equities. They also come from different issuers: State Street and T-Rex. Their fees differ too: 0.35% for XSW and 1.05% for GOOX.
GOOX currently has the higher Sharpe Ratio (2.84 vs -0.08), 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.
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