HOOG vs. HOOX

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 2X Long HOOD Daily ETF (HOOG) and Defiance Daily Target 2X Long HOOD ETF (HOOX).

HOOG and HOOX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HOOG is an actively managed fund by Leverage Shares. It was launched on Mar 20, 2025. HOOX is an actively managed fund by Defiance. It was launched on Mar 18, 2025.

Performance

HOOG vs. HOOX - Performance Comparison

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

HOOG vs. HOOX - Yearly Performance Comparison

	2026 (YTD)	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	-68.49%	291.44%
HOOX Defiance Daily Target 2X Long HOOD ETF	-68.67%	284.29%

Returns By Period

The year-to-date returns for both stocks are quite close, with HOOG having a -68.49% return and HOOX slightly lower at -68.67%.

HOOG

• 1D: 12.50%
• 1M: -20.36%
• YTD: -68.49%
• 6M: -83.51%
• 1Y: 42.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOX

• 1D: 12.56%
• 1M: -20.41%
• YTD: -68.67%
• 6M: -83.71%
• 1Y: 39.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOG vs. HOOX - Expense Ratio Comparison

HOOG has a 0.75% expense ratio, which is lower than HOOX's 1.31% expense ratio.

HOOX

Defiance Daily Target 2X Long HOOD ETF

HOOG

Leverage Shares 2X Long HOOD Daily ETF

Return for Risk

HOOG vs. HOOX — Risk / Return Rank

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

HOOG

HOOG Risk / Return Rank: 34
HOOG Sharpe Ratio Rank: 21
HOOG Sortino Ratio Rank: 59
HOOG Omega Ratio Rank: 48
HOOG Calmar Ratio Rank: 23
HOOG Martin Ratio Rank: 19

HOOX

HOOX Risk / Return Rank: 32
HOOX Sharpe Ratio Rank: 20
HOOX Sortino Ratio Rank: 57
HOOX Omega Ratio Rank: 46
HOOX Calmar Ratio Rank: 22
HOOX Martin Ratio Rank: 18

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.

HOOG vs. HOOX - Risk-Adjusted Trends Comparison

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

	HOOG	HOOX	Difference
Sharpe ratio Return per unit of total volatility	0.30	0.28	+0.02
Sortino ratio Return per unit of downside risk	1.49	1.46	+0.03
Omega ratio Gain probability vs. loss probability	1.18	1.17	0.00
Calmar ratio Return relative to maximum drawdown	0.47	0.43	+0.04
Martin ratio Return relative to average drawdown	1.00	0.91	+0.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HOOG vs. HOOX - Sharpe Ratio Comparison

The current HOOG Sharpe Ratio is 0.30, which is comparable to the HOOX Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of HOOG and HOOX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HOOG	HOOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.30	0.28	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.20	-0.04

Correlation

The correlation between HOOG and HOOX is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HOOG vs. HOOX - Dividend Comparison

HOOG's dividend yield for the trailing twelve months is around 39.05%, less than HOOX's 45.07% yield.

	TTM	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	39.05%	12.30%
HOOX Defiance Daily Target 2X Long HOOD ETF	45.07%	14.12%

Drawdowns

HOOG vs. HOOX - Drawdown Comparison

The maximum HOOG drawdown since its inception was -86.94%, roughly equal to the maximum HOOX drawdown of -87.11%. Use the drawdown chart below to compare losses from any high point for HOOG and HOOX.

Drawdown Indicators

	HOOG	HOOX	Difference
Max Drawdown Largest peak-to-trough decline	-86.94%	-87.11%	+0.17%
Max Drawdown (1Y) Largest decline over 1 year	-86.94%	-87.11%	+0.17%
Current Drawdown Current decline from peak	-85.30%	-85.50%	+0.20%
Average Drawdown Average peak-to-trough decline	-29.96%	-29.86%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.02%	41.19%	-0.17%

Volatility

HOOG vs. HOOX - Volatility Comparison

Leverage Shares 2X Long HOOD Daily ETF (HOOG) and Defiance Daily Target 2X Long HOOD ETF (HOOX) have volatilities of 35.72% and 36.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOG	HOOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.72%	36.22%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	101.26%	101.58%	-0.32%
Volatility (1Y) Calculated over the trailing 1-year period	143.11%	142.52%	+0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.89%	142.81%	+1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.89%	142.81%	+1.08%