HOOG vs. XOMX

Last updated Aug 6, 2026

HOOG (Leverage Shares 2X Long HOOD Daily ETF) and XOMX (Direxion Daily XOM Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. Over the past year, HOOG returned -60.07% vs 81.54% for XOMX. Their -0.19 correlation means they have often moved in opposite directions in the past. HOOG charges 0.75%/yr vs 1.07%/yr for XOMX.

Performance

HOOG vs. XOMX - Performance Comparison

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

Returns By Period

In the year-to-date period, HOOG achieves a -55.19% return, which is significantly lower than XOMX's 46.54% return.

HOOG

• 1D: -1.14%
• 1M: -40.41%
• 6M: -6.67%
• YTD: -55.19%
• 1Y: -60.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 58.47%

XOMX

• 1D: -3.24%
• 1M: 21.85%
• 6M: -0.92%
• YTD: 46.54%
• 1Y: 81.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 52.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HOOG Leverage Shares 2X Long HOOD Daily ETF	$10.55M	$12.03M	$16.56M
XOMX Direxion Daily XOM Bull 2X Shares	$1.33M	$1.20M	$1.10M

HOOG vs. XOMX - Yearly Performance Comparison

	2026 (YTD)	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	-55.19%	387.84%
XOMX Direxion Daily XOM Bull 2X Shares	46.54%	17.15%

Correlation

The correlation between HOOG and XOMX is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.21
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	-0.19

Return for Risk

HOOG vs. XOMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HOOG

HOOG Risk / Return Rank: 6
HOOG Sharpe Ratio Rank: 5
HOOG Sortino Ratio Rank: 9
HOOG Omega Ratio Rank: 9
HOOG Calmar Ratio Rank: 4
HOOG Martin Ratio Rank: 4

XOMX

XOMX Risk / Return Rank: 51
XOMX Sharpe Ratio Rank: 60
XOMX Sortino Ratio Rank: 52
XOMX Omega Ratio Rank: 51
XOMX Calmar Ratio Rank: 50
XOMX Martin Ratio Rank: 40

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HOOG vs. XOMX - Risk-Adjusted Trends Comparison

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

	HOOG	XOMX	Difference
Sharpe ratio: Return per unit of total volatility	-0.43	1.64	-2.07
Sortino ratio: Return per unit of downside risk	0.06	2.11	-2.05
Omega ratio: Gain probability vs. loss probability	1.01	1.27	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.69	2.07	-2.76
Martin ratio: Return relative to average drawdown	-0.98	4.93	-5.91

HOOG vs. XOMX - Sharpe Ratio Comparison

The current HOOG Sharpe Ratio is -0.43, which is lower than the XOMX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of HOOG and XOMX, 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

HOOG vs. XOMX - Drawdown Comparison

The maximum HOOG drawdown since its inception was -86.94%, which is greater than XOMX's maximum drawdown of -39.64%. Use the drawdown chart below to compare losses from any high point for HOOG and XOMX.

Drawdown Indicators

	HOOG	XOMX	Difference
Max Drawdown Largest peak-to-trough decline	-86.94%	-39.64%	-47.30%
Max Drawdown (1Y) Largest decline over 1 year	-86.94%	-39.64%	-47.30%
Current Drawdown Current decline from peak	-79.10%	-26.16%	-52.94%
Average Drawdown Average peak-to-trough decline	-42.06%	-10.91%	-31.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	61.44%	16.60%	+44.84%

Volatility

HOOG vs. XOMX - Volatility Comparison

Leverage Shares 2X Long HOOD Daily ETF (HOOG) has a higher volatility of 35.24% compared to Direxion Daily XOM Bull 2X Shares (XOMX) at 14.02%. This indicates that HOOG's price experiences larger fluctuations and is considered to be riskier than XOMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOG	XOMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.24%	14.02%	+21.22%
Volatility (6M) Calculated over the trailing 6-month period	106.06%	41.39%	+64.67%
Volatility (1Y) Calculated over the trailing 1-year period	139.95%	49.99%	+89.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.69%	48.40%	+95.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.69%	48.40%	+95.29%

HOOG vs. XOMX - Expense Ratio Comparison

HOOG has a 0.75% expense ratio, which is lower than XOMX's 1.07% expense ratio.

Dividends

HOOG vs. XOMX - Dividend Comparison

HOOG's dividend yield for the trailing twelve months is around 27.46%, more than XOMX's 1.79% yield.

Position	TTM	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	27.46%	12.30%
XOMX Direxion Daily XOM Bull 2X Shares	1.79%	1.73%

Frequently Asked Questions

Can I hold both HOOG and XOMX in my portfolio?

HOOG and XOMX have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOOG or XOMX?

HOOG has higher volatility (35.24%) compared to XOMX (14.02%). In terms of maximum drawdown, HOOG dropped -86.94% vs XOMX's -39.64%.

Which ETF is better, HOOG or XOMX?

On 1-year performance, XOMX leads with 81.54% vs -60.07% for HOOG. On fees, HOOG is cheaper at 0.75% per year. On volatility, XOMX has been the lower-risk option at 14.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOG or XOMX?

Over the 1-year period, XOMX has performed better with a 81.54% return vs -60.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOG or XOMX?

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

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

HOOG has the higher dividend yield at 27.46%, compared with 1.79% for XOMX.

What is the main difference between HOOG and XOMX?

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

Which has better risk-adjusted returns?

XOMX currently has the higher Sharpe Ratio (1.64 vs -0.43), 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.