HOOI vs. MSTX
HOOI (Defiance Leveraged Long + Income HOOD ETF) and MSTX (Defiance Daily Target 2X Long MSTR ETF) are both Leveraged Equities funds from Defiance. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. HOOI charges 1.51%/yr vs 1.29%/yr for MSTX.
Performance
HOOI vs. MSTX - Performance Comparison
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Returns By Period
In the year-to-date period, HOOI achieves a -10.33% return, which is significantly higher than MSTX's -54.94% return.
HOOI
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -10.33%
- 6M
- -33.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTX
- 1D
- -14.41%
- 1M
- -56.02%
- YTD
- -54.94%
- 6M
- -72.02%
- 1Y
- -95.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOI vs. MSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOI Defiance Leveraged Long + Income HOOD ETF | -10.33% | -14.45% |
MSTX Defiance Daily Target 2X Long MSTR ETF | -54.94% | -84.65% |
Correlation
The correlation between HOOI and MSTX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025 | 0.31 |
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Return for Risk
HOOI vs. MSTX — Risk / Return Rank
HOOI
MSTX
HOOI vs. MSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long + Income HOOD ETF (HOOI) and Defiance Daily Target 2X Long MSTR ETF (MSTX). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| HOOI | MSTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.34 | -0.42 | +0.08 |
Drawdowns
HOOI vs. MSTX - Drawdown Comparison
The maximum HOOI drawdown since its inception was -58.34%, smaller than the maximum MSTX drawdown of -98.66%. Use the drawdown chart below to compare losses from any high point for HOOI and MSTX.
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Drawdown Indicators
| HOOI | MSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.34% | -98.66% | +40.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -96.62% | — |
Current DrawdownCurrent decline from peak | -57.31% | -98.61% | +41.30% |
Average DrawdownAverage peak-to-trough decline | -39.57% | -69.94% | +30.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 75.26% | — |
Volatility
HOOI vs. MSTX - Volatility Comparison
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Volatility by Period
| HOOI | MSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 39.64% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 112.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 88.80% | 140.09% | -51.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.80% | 167.46% | -78.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.80% | 167.46% | -78.66% |
HOOI vs. MSTX - Expense Ratio Comparison
HOOI has a 1.51% expense ratio, which is higher than MSTX's 1.29% expense ratio.
Dividends
HOOI vs. MSTX - Dividend Comparison
HOOI's dividend yield for the trailing twelve months is around 52.10%, while MSTX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HOOI Defiance Leveraged Long + Income HOOD ETF | 52.10% | 41.26% | 0.00% |
MSTX Defiance Daily Target 2X Long MSTR ETF | 0.00% | 0.00% | 41.01% |
Frequently Asked Questions
HOOI and MSTX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSTX is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSTX is cheaper with a 1.29% expense ratio, compared with 1.51% for HOOI.
HOOI has the higher dividend yield at 52.10%, compared with 0.00% for MSTX.
Their fees differ too: 1.51% for HOOI and 1.29% for MSTX.
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