CSCL vs. HOOG

Last updated Jul 12, 2026

CSCL (Direxion Daily CSCO Bull 2X Shares) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds. Over the past year, CSCL returned 168.92% vs -32.07% for HOOG. At a 0.25 correlation, their price movements are largely independent. CSCL charges 1.07%/yr vs 0.75%/yr for HOOG.

Performance

CSCL vs. HOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily CSCO Bull 2X Shares (CSCL) 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, CSCL achieves a 122.84% return, which is significantly higher than HOOG's -32.04% return.

CSCL

• 1D: 5.31%
• 1M: -1.52%
• 6M: 140.54%
• YTD: 122.84%
• 1Y: 168.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOG

• 1D: -5.50%
• 1M: 38.68%
• 6M: -33.91%
• YTD: -32.04%
• 1Y: -32.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CSCL vs. HOOG - Yearly Performance Comparison

	2026 (YTD)	2025
CSCL Direxion Daily CSCO Bull 2X Shares	122.84%	20.73%
HOOG Leverage Shares 2X Long HOOD Daily ETF	-32.04%	39.52%

Correlation

The correlation between CSCL and HOOG is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.25

Return for Risk

CSCL vs. HOOG — Risk / Return Rank

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

CSCL

CSCL Risk / Return Rank: 87
CSCL Sharpe Ratio Rank: 92
CSCL Sortino Ratio Rank: 77
CSCL Omega Ratio Rank: 85
CSCL Calmar Ratio Rank: 95
CSCL Martin Ratio Rank: 84

HOOG

HOOG Risk / Return Rank: 10
HOOG Sharpe Ratio Rank: 7
HOOG Sortino Ratio Rank: 15
HOOG Omega Ratio Rank: 14
HOOG Calmar Ratio Rank: 6
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.

CSCL vs. HOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSCO Bull 2X Shares (CSCL) 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.

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.

	CSCL	HOOG	Difference
Sharpe ratio: Return per unit of total volatility	2.53	-0.24	+2.77
Sortino ratio: Return per unit of downside risk	2.74	0.60	+2.15
Omega ratio: Gain probability vs. loss probability	1.40	1.07	+0.33
Calmar ratio: Return relative to maximum drawdown	5.93	-0.38	+6.31
Martin ratio: Return relative to average drawdown	13.47	-0.56	+14.03

CSCL vs. HOOG - Sharpe Ratio Comparison

The current CSCL Sharpe Ratio is 2.53, which is higher than the HOOG Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of CSCL and HOOG, 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

CSCL vs. HOOG - Drawdown Comparison

The maximum CSCL drawdown since its inception was -27.41%, smaller than the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for CSCL and HOOG.

Drawdown Indicators

	CSCL	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	-27.41%	-86.94%	+59.53%
Max Drawdown (1Y) Largest decline over 1 year	-27.41%	-86.94%	+59.53%
Current Drawdown Current decline from peak	-14.47%	-68.30%	+53.83%
Average Drawdown Average peak-to-trough decline	-9.33%	-40.20%	+30.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.07%	58.05%	-45.98%

Volatility

CSCL vs. HOOG - Volatility Comparison

The current volatility for Direxion Daily CSCO Bull 2X Shares (CSCL) is 20.67%, while Leverage Shares 2X Long HOOD Daily ETF (HOOG) has a volatility of 37.80%. This indicates that CSCL experiences smaller price fluctuations and is considered to be less risky than HOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSCL	HOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.67%	37.80%	-17.13%
Volatility (6M) Calculated over the trailing 6-month period	57.74%	104.40%	-46.66%
Volatility (1Y) Calculated over the trailing 1-year period	64.27%	138.25%	-73.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.26%	144.40%	-81.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.26%	144.40%	-81.14%

CSCL vs. HOOG - Expense Ratio Comparison

CSCL has a 1.07% expense ratio, which is higher than HOOG's 0.75% expense ratio.

Dividends

CSCL vs. HOOG - Dividend Comparison

CSCL's dividend yield for the trailing twelve months is around 1.14%, less than HOOG's 18.10% yield.

Position	TTM	2025
CSCL Direxion Daily CSCO Bull 2X Shares	1.14%	1.31%
HOOG Leverage Shares 2X Long HOOD Daily ETF	18.10%	12.30%

Frequently Asked Questions

Can I hold both CSCL and HOOG in my portfolio?

CSCL and HOOG have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSCL or HOOG?

HOOG has higher volatility (37.80%) compared to CSCL (20.67%). In terms of maximum drawdown, CSCL dropped -27.41% vs HOOG's -86.94%.

Which ETF is better, CSCL or HOOG?

On 1-year performance, CSCL leads with 168.92% vs -32.07% for HOOG. On fees, HOOG is cheaper at 0.75% per year. On volatility, CSCL has been the lower-risk option at 20.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CSCL or HOOG?

Over the 1-year period, CSCL has performed better with a 168.92% return vs -32.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CSCL or HOOG?

HOOG is cheaper with a 0.75% expense ratio, compared with 1.07% for CSCL.

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

HOOG has the higher dividend yield at 18.10%, compared with 1.14% for CSCL.

What is the main difference between CSCL and HOOG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.07% for CSCL and 0.75% for HOOG.

Which has better risk-adjusted returns?

CSCL currently has the higher Sharpe Ratio (2.53 vs -0.24), 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.