ERX vs. HOOI

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily Energy Bull 2X Shares (ERX) and Defiance Leveraged Long + Income HOOD ETF (HOOI).

ERX and HOOI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ERX is a passively managed fund by Direxion that tracks the performance of the Energy Select Sector Index (300%). It was launched on Apr 1, 2020. HOOI is an actively managed fund by Defiance. It was launched on Aug 18, 2025.

Performance

ERX vs. HOOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Energy Bull 2X Shares (ERX) and Defiance Leveraged Long + Income HOOD ETF (HOOI). The values are adjusted to include any dividend payments, if applicable.

ERX vs. HOOI - Yearly Performance Comparison

	2026 (YTD)	2025
ERX Direxion Daily Energy Bull 2X Shares	71.72%	10.62%
HOOI Defiance Leveraged Long + Income HOOD ETF	-10.33%	-14.45%

Returns By Period

In the year-to-date period, ERX achieves a 71.72% return, which is significantly higher than HOOI's -10.33% return.

ERX

• 1D: -7.39%
• 1M: 7.35%
• YTD: 71.72%
• 6M: 71.12%
• 1Y: 48.19%
• 3Y*: 21.00%
• 5Y*: 34.47%
• 10Y*: -6.32%

HOOI

• 1D: 0.00%
• 1M: 0.00%
• YTD: -10.33%
• 6M: -51.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ERX vs. HOOI - Expense Ratio Comparison

ERX has a 1.09% expense ratio, which is lower than HOOI's 1.51% expense ratio.

HOOI

Defiance Leveraged Long + Income HOOD ETF

ERX

Direxion Daily Energy Bull 2X Shares

Return for Risk

ERX vs. HOOI — Risk / Return Rank

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

ERX

ERX Risk / Return Rank: 48
ERX Sharpe Ratio Rank: 52
ERX Sortino Ratio Rank: 51
ERX Omega Ratio Rank: 53
ERX Calmar Ratio Rank: 52
ERX Martin Ratio Rank: 32

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.

ERX vs. HOOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bull 2X Shares (ERX) and Defiance Leveraged Long + Income HOOD ETF (HOOI). 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.

	ERX	HOOI	Difference
Sharpe ratio Return per unit of total volatility	0.97	—	—
Sortino ratio Return per unit of downside risk	1.42	—	—
Omega ratio Gain probability vs. loss probability	1.21	—	—
Calmar ratio Return relative to maximum drawdown	1.41	—	—
Martin ratio Return relative to average drawdown	2.87	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ERX	HOOI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	-0.37	+0.28

Correlation

The correlation between ERX and HOOI is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ERX vs. HOOI - Dividend Comparison

ERX's dividend yield for the trailing twelve months is around 1.56%, less than HOOI's 52.10% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ERX Direxion Daily Energy Bull 2X Shares	1.56%	2.54%	2.94%	3.17%	2.23%	2.16%	2.35%	1.56%	3.10%	0.85%
HOOI Defiance Leveraged Long + Income HOOD ETF	52.10%	41.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ERX vs. HOOI - Drawdown Comparison

The maximum ERX drawdown since its inception was -99.54%, which is greater than HOOI's maximum drawdown of -58.34%. Use the drawdown chart below to compare losses from any high point for ERX and HOOI.

Drawdown Indicators

	ERX	HOOI	Difference
Max Drawdown Largest peak-to-trough decline	-99.54%	-58.34%	-41.20%
Max Drawdown (1Y) Largest decline over 1 year	-35.17%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-46.90%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-98.59%	—	—
Current Drawdown Current decline from peak	-91.33%	-57.31%	-34.02%
Average Drawdown Average peak-to-trough decline	-66.78%	-34.24%	-32.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.26%	—	—

Volatility

Volatility by Period

	ERX	HOOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	50.15%	101.36%	-51.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.18%	101.36%	-49.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.25%	101.36%	-32.11%