AVXX vs. HOOG

Last updated Jun 5, 2026

AVXX (Defiance Daily Target 2X Long AVAV ETF) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. AVXX charges 1.31%/yr vs 0.75%/yr for HOOG.

Performance

AVXX vs. HOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long AVAV ETF (AVXX) and Leverage Shares 2X Long HOOD Daily ETF (HOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVXX achieves a -52.20% return, which is significantly higher than HOOG's -55.34% return.

AVXX

• 1D: 12.75%
• 1M: 39.15%
• YTD: -52.20%
• 6M: -67.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOG

• 1D: 12.78%
• 1M: 23.20%
• YTD: -55.34%
• 6M: -70.69%
• 1Y: -21.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVXX vs. HOOG - Yearly Performance Comparison

	2026 (YTD)	2025
AVXX Defiance Daily Target 2X Long AVAV ETF	-52.20%	-63.02%
HOOG Leverage Shares 2X Long HOOD Daily ETF	-55.34%	-42.91%

Correlation

The correlation between AVXX and HOOG is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	0.43

Return for Risk

AVXX vs. HOOG — Risk / Return Rank

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

HOOG

HOOG Risk / Return Rank: 11
HOOG Sharpe Ratio Rank: 7
HOOG Sortino Ratio Rank: 16
HOOG Omega Ratio Rank: 16
HOOG Calmar Ratio Rank: 7
HOOG Martin Ratio Rank: 7

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.

AVXX vs. HOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AVAV ETF (AVXX) and Leverage Shares 2X Long HOOD Daily ETF (HOOG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AVXX	HOOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.62	0.41	-1.03

Drawdowns

AVXX vs. HOOG - Drawdown Comparison

The maximum AVXX drawdown since its inception was -88.97%, roughly equal to the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for AVXX and HOOG.

Drawdown Indicators

	AVXX	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	-88.97%	-86.94%	-2.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-86.94%	—
Current Drawdown Current decline from peak	-82.47%	-79.17%	-3.30%
Average Drawdown Average peak-to-trough decline	-61.94%	-37.70%	-24.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	53.46%	—

Volatility

Volatility by Period

	AVXX	HOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	43.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	101.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	153.76%	137.25%	+16.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	153.76%	145.07%	+8.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	153.76%	145.07%	+8.69%

AVXX vs. HOOG - Expense Ratio Comparison

AVXX has a 1.31% expense ratio, which is higher than HOOG's 0.75% expense ratio.

Dividends

AVXX vs. HOOG - Dividend Comparison

AVXX's dividend yield for the trailing twelve months is around 0.75%, less than HOOG's 27.55% yield.

Position	TTM	2025
AVXX Defiance Daily Target 2X Long AVAV ETF	0.75%	0.36%
HOOG Leverage Shares 2X Long HOOD Daily ETF	27.55%	12.30%

Frequently Asked Questions

Can I hold both AVXX and HOOG in my portfolio?

AVXX and HOOG have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVXX or HOOG?

On fees, HOOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVXX or HOOG?

HOOG is cheaper with a 0.75% expense ratio, compared with 1.31% for AVXX.

Which ETF pays a higher dividend yield, AVXX or HOOG?

HOOG has the higher dividend yield at 27.55%, compared with 0.75% for AVXX.

What is the main difference between AVXX and HOOG?

They also come from different issuers: Defiance ETFs and Leverage Shares. Their fees differ too: 1.31% for AVXX and 0.75% for HOOG.