HOOI vs. SPYT

Last updated Jun 4, 2026

HOOI (Defiance Leveraged Long + Income HOOD ETF) and SPYT (Defiance S&P 500 Income Target ETF) are both exchange-traded funds - HOOI is a Leveraged Equities fund actively managed by Defiance, while SPYT is a Derivative Income fund actively managed by Defiance. Both are actively managed. At a 0.34 correlation, their price movements are largely independent. HOOI charges 1.51%/yr vs 0.87%/yr for SPYT.

Performance

HOOI vs. SPYT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Leveraged Long + Income HOOD ETF (HOOI) and Defiance S&P 500 Income Target ETF (SPYT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOOI achieves a -10.33% return, which is significantly lower than SPYT's 9.70% return.

HOOI

• 1D: 0.00%
• 1M: 0.00%
• YTD: -10.33%
• 6M: -33.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPYT

• 1D: -0.68%
• 1M: 3.81%
• YTD: 9.70%
• 6M: 9.51%
• 1Y: 23.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOI vs. SPYT - Yearly Performance Comparison

	2026 (YTD)	2025
HOOI Defiance Leveraged Long + Income HOOD ETF	-10.33%	-14.45%
SPYT Defiance S&P 500 Income Target ETF	9.70%	4.97%

Correlation

The correlation between HOOI and SPYT is 0.34, 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	0.34

Return for Risk

HOOI vs. SPYT — Risk / Return Rank

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

SPYT

SPYT Risk / Return Rank: 65
SPYT Sharpe Ratio Rank: 63
SPYT Sortino Ratio Rank: 63
SPYT Omega Ratio Rank: 70
SPYT Calmar Ratio Rank: 58
SPYT Martin Ratio Rank: 72

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.

HOOI vs. SPYT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long + Income HOOD ETF (HOOI) and Defiance S&P 500 Income Target ETF (SPYT). 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.

Sharpe Ratios by Period

	HOOI	SPYT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.34	1.08	-1.43

Drawdowns

HOOI vs. SPYT - Drawdown Comparison

The maximum HOOI drawdown since its inception was -58.34%, which is greater than SPYT's maximum drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for HOOI and SPYT.

Drawdown Indicators

	HOOI	SPYT	Difference
Max Drawdown Largest peak-to-trough decline	-58.34%	-18.25%	-40.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.00%	—
Current Drawdown Current decline from peak	-57.31%	-0.68%	-56.63%
Average Drawdown Average peak-to-trough decline	-39.57%	-2.00%	-37.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.72%	—

Volatility

Volatility by Period

	HOOI	SPYT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	88.80%	10.86%	+77.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.80%	14.80%	+74.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.80%	14.80%	+74.00%

HOOI vs. SPYT - Expense Ratio Comparison

HOOI has a 1.51% expense ratio, which is higher than SPYT's 0.87% expense ratio.

Dividends

HOOI vs. SPYT - Dividend Comparison

HOOI's dividend yield for the trailing twelve months is around 52.10%, more than SPYT's 20.73% yield.

Position	TTM	2025	2024
HOOI Defiance Leveraged Long + Income HOOD ETF	52.10%	41.26%	0.00%
SPYT Defiance S&P 500 Income Target ETF	20.73%	21.40%	17.37%

Frequently Asked Questions

Can I hold both HOOI and SPYT in my portfolio?

HOOI and SPYT have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOOI or SPYT?

On fees, SPYT is cheaper at 0.87% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOOI or SPYT?

SPYT is cheaper with a 0.87% expense ratio, compared with 1.51% for HOOI.

Which ETF pays a higher dividend yield, HOOI or SPYT?

HOOI has the higher dividend yield at 52.10%, compared with 20.73% for SPYT.

What is the main difference between HOOI and SPYT?

HOOI is categorized as Leveraged Equities, while SPYT is Derivative Income. Their fees differ too: 1.51% for HOOI and 0.87% for SPYT.