Defiance Daily Target 2X Short HOOD ETF (HOOZ) Diversifiers

ETF · Currency in USD · Last updated Jun 27, 2026

Defiance Daily Target 2X Short HOOD ETF seeks daily investment results, before fees and expenses, equal to -200% of the daily performance of Robinhood Markets, Inc. (NASDAQ: HOOD) common stock. It is designed for short-term tactical trading and, due to daily compounding, may not track its -2x target over periods longer than one day.

Looking to diversify beyond HOOZ? The ETFs below have the lowest correlation with HOOZ — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from HOOZ.

Best Diversifiers for HOOZ

1 ETFs have low correlation with HOOZ (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.14 over 5 years.

Symbol	Name	Correlation 1Y	Correlation 3Y	Correlation 5Y	Risk / Return Rank	Category	Compare
NFXS	Direxion Daily NFLX Bear 1X Shares	0.14	0.14	0.14	62	Inverse Equities	HOOZ vs NFXS

Diversification Analysis

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