At a glance
GOOX charges 1.05% a year. It has $53.0M in assets; it paid 0.35% of its price in distributions over the past 12 months, annual. Over the past year it returned +12.7% with distributions reinvested (S&P 500: +11.5%).
The short version
T-Rex 2X Long Alphabet Daily Target ETF (GOOX), from Tuttle Capital Management, aims to deliver twice the daily return of Alphabet stock (GOOG), mainly through swap contracts with banks. Its leverage resets every day, so returns over weeks or months can drift far from twice Alphabet's move. It charges 1.05% a year. Its annualized volatility (a measure of how much the price swings) was 62.4% over the year to October 27, 2026, so it is built for short-term trading.
Price history
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GOOX +12.7% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| GOOX official prospectus, to Dec 31, 2025 | — | +121.50% | — | — | — | +81.42% |
| GOOX price data to Oct 27, 2026 | -13.5% | +12.7% | — | — | — | +44.7% |
- Over the year to Oct 27, 2026, GOOX returned +12.7%.
- Its worst full calendar year was 2025 (+121.4%); its best was 2025 (+121.4%).
- The deepest fall in its price history was 52.5% (Feb 4, 2025 to Apr 8, 2025), recovered by Sep 3, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -13.5% | — |
| 2025 | +121.4% | +121.50% |
| 2024 | +46.4% | +81.42% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $0.2100 | -96.0% |
| 2024 | $5.3000 |
What's inside
As of Jun 30, 2026, most of the fund sat in cash, Treasury bills and money-market holdings (0% of net assets), with its exposure coming from 2 swap and futures positions rather than from owning the stocks outright.
| Holding | Weight |
|---|
By country
By asset type
What changed recently
- Over the three months to Jun 30, 2026, investors withdrew a net $11.0M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +72.82%, -4.20%, -13.58%.
How it works
GOOX does not follow an index. Before fees, it aims for 200% of the daily return of one stock: Alphabet (ticker GOOG). Its main tool is a total return swap. This is a contract in which a bank agrees to pay the fund Alphabet's daily return on an amount equal to twice the fund's net assets. The adviser, Tuttle Capital Management, may also buy exchange-traded call options, including customizable FLEX options cleared by the OCC. It can also hold Alphabet shares directly, though shares alone add no leverage. As of June 30, 2026, the fund's filing listed two swaps on Alphabet.
The fund resets its exposure at each market close. If Alphabet rose that day, the fund adds exposure. If it fell, the fund cuts back. Because of this daily reset, returns over longer periods compound day by day. They can differ sharply from twice Alphabet's move, usually for the worse when the stock swings up and down. Shares bought during the trading day carry exposure that is not exactly 2×.
The prospectus says the fund expects to keep its cash in money market funds, short-term Treasury securities, repurchase agreements or The Laddered T-Bill ETF. The fund is non-diversified, meaning it can concentrate in very few holdings. It depends on its swap counterparties, the banks on the other side, making their payments. If Alphabet fell more than 50% in a single day, investors would lose everything.
What it really costs
- GOOX charges 1.05% a year.
- Using the prospectus's standard example, $10,000 invested would cost about $107 in the first year and $1,283 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| GOOX | $107 | $334 | $579 | $1,283 |
Structure and tax notes
- Resets its exposure every day. Over periods longer than a day, compounding means returns can differ sharply from 2× the index — usually worse in choppy markets. Built for short-term trading, not buy-and-hold.
In a retirement portfolio
It resets 2× leverage on a single stock every day, it is designed for one-day results, and its prospectus warns that investors could lose all of their money.
GOOX launched in January 2024, so it has no record through the 2008 financial crisis, the 2020 COVID crash or the 2022 bear market. Both of its calendar years on record were gains, including 121.5% in 2025 according to its prospectus. Those totals hide a rough ride. The fund fell 52.5% between February 4 and April 8, 2025, and took about 4.9 months to recover, which it did by September 3, 2025. For 2026 through October 27, it was down 13.5%. Someone who had to sell during a drop like that would lock in deep losses. Income is minimal: the yield was 0.35% as of October 27, 2026, paid once a year. Costs are high at 1.05%, or $1,283 over 10 years on $10,000 under the SEC's standard example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Active traders who want twice Alphabet's daily move for a day or a few days and who check their positions closely.
- Traders with a strong short-term view on Alphabet who can live with 62.4% annualized volatility and a past 52.5% peak-to-trough drop.
- Traders who want leveraged Alphabet exposure without a margin account and who understand swaps and the 1.05% annual expense ratio.
Look elsewhere if
- Retirees or savers who may need to sell. A 52.5% drop in early 2025 took about five months to recover.
- Anyone looking for income. The yield was 0.35% as of October 27, 2026, paid once a year.
- Buy-and-hold investors who want diversification. It bets on one stock, and the daily reset makes long-run returns drift from twice Alphabet's.
Close alternatives
Matched by leveraged/inverse funds on the same index (the index could not be identified from the name).
No close alternatives found.
Questions investors ask
Is GOOX good for long-term investing?
It isn't designed for it. The prospectus says the fund seeks twice Alphabet's return for a single trading day, not over longer periods. Because the leverage resets daily, returns over months can differ sharply from twice Alphabet's move, usually for the worse in choppy markets. The fund gained 121.5% in 2025, according to its prospectus. It also fell 52.5% from peak to trough in early 2025 and was down 13.5% for 2026 through October 27.
Does GOOX pay a dividend?
Only a small one, once a year. Its trailing 12-month yield was 0.35% as of October 27, 2026, or about $0.21 per share. Income isn't the point of this fund. Its return depends almost entirely on Alphabet's daily price moves, doubled. Its 1.05% expense ratio is about three times its yield, so the payout does not come close to covering the fund's cost.
Can you lose all your money in GOOX?
Yes. The prospectus says that if Alphabet's stock fell more than 50% in a single trading day, investors would lose all of their money. Large losses can also build up without a one-day collapse. The fund fell 52.5% between February 4 and April 8, 2025. It also relies on swap counterparties, the banks on the other side of its contracts. If one of them failed to pay, the fund could lose value.
What does GOOX actually hold?
Mostly contracts, not Alphabet shares. As of June 30, 2026, the fund's filing listed two total return swaps on Alphabet, and its net assets were about $53 million. The swaps are designed to pay the fund twice Alphabet's daily return. The prospectus says the fund also keeps cash in money market funds, short-term Treasury securities or repurchase agreements. The adviser may also buy call options, including FLEX options, or hold Alphabet stock directly.
What's the difference between GOOX and buying Alphabet stock?
The main difference is leverage. GOOX aims for twice Alphabet's daily move, so each day's gains and losses are roughly doubled. Over longer periods, the daily reset can pull its results away from twice Alphabet's. Owning Alphabet shares directly carries no leverage, no annual fund fee and no swap counterparty risk. GOOX charges 1.05% a year. Under the SEC's standard example, that is $107 on a $10,000 investment in the first year.