BMNZ vs. HOOZ
BMNZ (Defiance Daily Target 2X Short BMNR ETF) and HOOZ (Defiance Daily Target 2X Short HOOD ETF) are both Inverse Equities funds from Defiance - BMNZ tracks the BitMine Immersion Technologies, Inc. while HOOZ tracks the Robinhood Markets, Inc.. Both are passively managed. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 1.31% expense ratio.
Performance
BMNZ vs. HOOZ - Performance Comparison
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Returns By Period
In the year-to-date period, BMNZ achieves a 29.97% return, which is significantly higher than HOOZ's -35.96% return.
BMNZ
- 1D
- 9.79%
- 1M
- 76.32%
- YTD
- 29.97%
- 6M
- 50.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOZ
- 1D
- 7.67%
- 1M
- -49.19%
- YTD
- -35.96%
- 6M
- -27.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNZ vs. HOOZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BMNZ Defiance Daily Target 2X Short BMNR ETF | 29.97% | 15.30% |
HOOZ Defiance Daily Target 2X Short HOOD ETF | -35.96% | 2.80% |
Correlation
The correlation between BMNZ and HOOZ is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025 | 0.73 |
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Return for Risk
BMNZ vs. HOOZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short BMNR ETF (BMNZ) and Defiance Daily Target 2X Short HOOD ETF (HOOZ). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
BMNZ vs. HOOZ - Drawdown Comparison
The maximum BMNZ drawdown since its inception was -70.80%, smaller than the maximum HOOZ drawdown of -77.16%. Use the drawdown chart below to compare losses from any high point for BMNZ and HOOZ.
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Drawdown Indicators
| BMNZ | HOOZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.80% | -77.16% | +6.36% |
Current DrawdownCurrent decline from peak | -27.23% | -69.90% | +42.67% |
Average DrawdownAverage peak-to-trough decline | -50.65% | -32.60% | -18.05% |
Volatility
BMNZ vs. HOOZ - Volatility Comparison
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Volatility by Period
| BMNZ | HOOZ | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 187.04% | 145.07% | +41.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 187.04% | 145.07% | +41.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 187.04% | 145.07% | +41.97% |
BMNZ vs. HOOZ - Expense Ratio Comparison
Both BMNZ and HOOZ have an expense ratio of 1.31%.
Dividends
BMNZ vs. HOOZ - Dividend Comparison
Neither BMNZ nor HOOZ has paid dividends to shareholders.
Frequently Asked Questions
BMNZ and HOOZ have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.31% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BMNZ and HOOZ have the same expense ratio: 1.31% per year.
BMNZ and HOOZ have nearly identical dividend yields, around 0.00%.
BMNZ tracks BitMine Immersion Technologies, Inc., while HOOZ tracks Robinhood Markets, Inc..
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