HOOI vs. PYPG
HOOI (Defiance Leveraged Long + Income HOOD ETF) and PYPG (Leverage Shares 2X Long PYPL Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. HOOI charges 1.51%/yr vs 0.75%/yr for PYPG.
Performance
HOOI vs. PYPG - 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 PYPG's -54.66% return.
HOOI
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -10.33%
- 6M
- -33.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYPG
- 1D
- -8.80%
- 1M
- -29.99%
- YTD
- -54.66%
- 6M
- -59.27%
- 1Y
- -73.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOI vs. PYPG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOI Defiance Leveraged Long + Income HOOD ETF | -10.33% | -14.45% |
PYPG Leverage Shares 2X Long PYPL Daily ETF | -54.66% | -34.14% |
Correlation
The correlation between HOOI and PYPG is 0.27, 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 | 0.27 |
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Return for Risk
HOOI vs. PYPG — Risk / Return Rank
HOOI
PYPG
HOOI vs. PYPG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long + Income HOOD ETF (HOOI) and Leverage Shares 2X Long PYPL Daily ETF (PYPG). 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 | PYPG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.95 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.34 | -0.73 | +0.38 |
Drawdowns
HOOI vs. PYPG - Drawdown Comparison
The maximum HOOI drawdown since its inception was -58.34%, smaller than the maximum PYPG drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for HOOI and PYPG.
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Drawdown Indicators
| HOOI | PYPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.34% | -79.52% | +21.18% |
Max Drawdown (1Y)Largest decline over 1 year | — | -79.52% | — |
Current DrawdownCurrent decline from peak | -57.31% | -77.34% | +20.03% |
Average DrawdownAverage peak-to-trough decline | -39.57% | -37.99% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 50.16% | — |
Volatility
HOOI vs. PYPG - Volatility Comparison
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Volatility by Period
| HOOI | PYPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 19.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 68.28% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 88.80% | 77.89% | +10.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.80% | 78.51% | +10.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.80% | 78.51% | +10.29% |
HOOI vs. PYPG - Expense Ratio Comparison
HOOI has a 1.51% expense ratio, which is higher than PYPG's 0.75% expense ratio.
Dividends
HOOI vs. PYPG - Dividend Comparison
HOOI's dividend yield for the trailing twelve months is around 52.10%, while PYPG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
HOOI Defiance Leveraged Long + Income HOOD ETF | 52.10% | 41.26% |
PYPG Leverage Shares 2X Long PYPL Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
HOOI and PYPG have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PYPG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PYPG is cheaper with a 0.75% expense ratio, compared with 1.51% for HOOI.
HOOI has the higher dividend yield at 52.10%, compared with 0.00% for PYPG.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.51% for HOOI and 0.75% for PYPG.
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