BKCH vs. HOOX

Last updated Jul 15, 2026

BKCH (Global X Blockchain ETF) and HOOX (Defiance Daily Target 2X Long HOOD ETF) are both exchange-traded funds - BKCH is a Blockchain fund tracking the Solactive Blockchain Index, while HOOX is a Leveraged Equities fund actively managed by Defiance. BKCH is passively managed, while HOOX is actively managed. Over the past year, BKCH returned 15.25% vs -34.54% for HOOX. A 0.65 correlation means they provide meaningful diversification when combined. BKCH charges 0.50%/yr vs 1.31%/yr for HOOX.

Performance

BKCH vs. HOOX - Performance Comparison

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

Returns By Period

In the year-to-date period, BKCH achieves a 5.51% return, which is significantly higher than HOOX's -31.18% return.

BKCH

• 1D: 0.99%
• 1M: -19.29%
• 6M: -15.90%
• YTD: 5.51%
• 1Y: 15.25%
• 3Y*: 22.62%
• 5Y*: -2.20%
• 10Y*: —

HOOX

• 1D: 6.56%
• 1M: 41.30%
• 6M: -38.10%
• YTD: -31.18%
• 1Y: -34.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BKCH vs. HOOX - Yearly Performance Comparison

	2026 (YTD)	2025
BKCH Global X Blockchain ETF	5.51%	81.43%
HOOX Defiance Daily Target 2X Long HOOD ETF	-31.18%	342.84%

Correlation

The correlation between BKCH and HOOX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (All Time) Calculated using the full available price history since Mar 19, 2025	0.65

The correlation between BKCH and HOOX has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.

Return for Risk

BKCH vs. HOOX — Risk / Return Rank

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

BKCH

BKCH Risk / Return Rank: 15
BKCH Sharpe Ratio Rank: 13
BKCH Sortino Ratio Rank: 18
BKCH Omega Ratio Rank: 17
BKCH Calmar Ratio Rank: 13
BKCH Martin Ratio Rank: 12

HOOX

HOOX Risk / Return Rank: 9
HOOX Sharpe Ratio Rank: 7
HOOX Sortino Ratio Rank: 14
HOOX Omega Ratio Rank: 14
HOOX Calmar Ratio Rank: 6
HOOX Martin Ratio Rank: 6

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.

BKCH vs. HOOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain ETF (BKCH) and Defiance Daily Target 2X Long HOOD ETF (HOOX). 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.

	BKCH	HOOX	Difference
Sharpe ratio: Return per unit of total volatility	0.22	-0.25	+0.47
Sortino ratio: Return per unit of downside risk	0.81	0.57	+0.24
Omega ratio: Gain probability vs. loss probability	1.09	1.07	+0.03
Calmar ratio: Return relative to maximum drawdown	0.27	-0.40	+0.67
Martin ratio: Return relative to average drawdown	0.47	-0.59	+1.06

BKCH vs. HOOX - Sharpe Ratio Comparison

The current BKCH Sharpe Ratio is 0.22, which is higher than the HOOX Sharpe Ratio of -0.25. The chart below compares the historical Sharpe Ratios of BKCH and HOOX, 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

BKCH vs. HOOX - Drawdown Comparison

The maximum BKCH drawdown since its inception was -91.80%, which is greater than HOOX's maximum drawdown of -87.11%. Use the drawdown chart below to compare losses from any high point for BKCH and HOOX.

Drawdown Indicators

	BKCH	HOOX	Difference
Max Drawdown Largest peak-to-trough decline	-91.80%	-87.11%	-4.69%
Max Drawdown (1Y) Largest decline over 1 year	-56.28%	-87.11%	+30.83%
Max Drawdown (3Y) Largest decline over 3 years	-57.99%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-91.80%	—	—
Current Drawdown Current decline from peak	-49.42%	-68.14%	+18.72%
Average Drawdown Average peak-to-trough decline	-61.67%	-40.30%	-21.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.29%	58.63%	-26.34%

Volatility

BKCH vs. HOOX - Volatility Comparison

The current volatility for Global X Blockchain ETF (BKCH) is 15.59%, while Defiance Daily Target 2X Long HOOD ETF (HOOX) has a volatility of 36.82%. This indicates that BKCH experiences smaller price fluctuations and is considered to be less risky than HOOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKCH	HOOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.59%	36.82%	-21.23%
Volatility (6M) Calculated over the trailing 6-month period	50.67%	104.96%	-54.29%
Volatility (1Y) Calculated over the trailing 1-year period	70.34%	138.54%	-68.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.26%	143.35%	-68.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.27%	143.35%	-68.08%

BKCH vs. HOOX - Expense Ratio Comparison

BKCH has a 0.50% expense ratio, which is lower than HOOX's 1.31% expense ratio.

Dividends

BKCH vs. HOOX - Dividend Comparison

BKCH's dividend yield for the trailing twelve months is around 1.81%, less than HOOX's 20.52% yield.

Position	TTM	2025	2024	2023	2022	2021
BKCH Global X Blockchain ETF	1.81%	2.00%	7.61%	2.33%	1.29%	4.28%
HOOX Defiance Daily Target 2X Long HOOD ETF	20.52%	14.12%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BKCH and HOOX in my portfolio?

BKCH and HOOX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKCH or HOOX?

HOOX has higher volatility (36.82%) compared to BKCH (15.59%). In terms of maximum drawdown, BKCH dropped -91.80% vs HOOX's -87.11%.

Which ETF is better, BKCH or HOOX?

On 1-year performance, BKCH leads with 15.25% vs -34.54% for HOOX. On fees, BKCH is cheaper at 0.50% per year. On volatility, BKCH has been the lower-risk option at 15.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKCH or HOOX?

Over the 1-year period, BKCH has performed better with a 15.25% return vs -34.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKCH or HOOX?

BKCH is cheaper with a 0.50% expense ratio, compared with 1.31% for HOOX.

Which ETF pays a higher dividend yield, BKCH or HOOX?

HOOX has the higher dividend yield at 20.52%, compared with 1.81% for BKCH.

What is the main difference between BKCH and HOOX?

BKCH is categorized as Blockchain, while HOOX is Leveraged Equities. They also come from different issuers: Global X and Defiance. Their fees differ too: 0.50% for BKCH and 1.31% for HOOX.

Which has better risk-adjusted returns?

BKCH currently has the higher Sharpe Ratio (0.22 vs -0.25), 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.