HOOW vs. ERX

Last updated Apr 5, 2026

Compare and contrast key facts about Roundhill HOOD WeeklyPay ETF (HOOW) and Direxion Daily Energy Bull 2X Shares (ERX).

HOOW and ERX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HOOW is an actively managed fund by Roundhill. It was launched on Jun 18, 2025. ERX is a passively managed fund by Direxion that tracks the performance of the Energy Select Sector Index (300%). It was launched on Apr 1, 2020.

Performance

HOOW vs. ERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill HOOD WeeklyPay ETF (HOOW) and Direxion Daily Energy Bull 2X Shares (ERX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOOW achieves a -45.73% return, which is significantly lower than ERX's 73.41% return.

HOOW

• 1D: -2.38%
• 1M: -17.65%
• YTD: -45.73%
• 6M: -62.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ERX

• 1D: 0.99%
• 1M: 10.65%
• YTD: 73.41%
• 6M: 74.41%
• 1Y: 114.40%
• 3Y*: 17.88%
• 5Y*: 34.73%
• 10Y*: -6.02%

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

HOOW vs. ERX - Yearly Performance Comparison

	2026 (YTD)	2025
HOOW Roundhill HOOD WeeklyPay ETF	-45.73%	46.56%
ERX Direxion Daily Energy Bull 2X Shares	73.41%	3.21%

Correlation

The correlation between HOOW and ERX is -0.01, meaning they tend to move in opposite directions. This is especially valuable for risk management — when one declines, the other has historically tended to hold steady or rise, cushioning overall portfolio drawdowns.

HOOW vs. ERX - Expense Ratio Comparison

HOOW has a 0.99% expense ratio, which is lower than ERX's 1.09% expense ratio.

ERX

Direxion Daily Energy Bull 2X Shares

HOOW

Roundhill HOOD WeeklyPay ETF

Return for Risk

HOOW vs. ERX — Risk / Return Rank

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

ERX

ERX Risk / Return Rank: 44
ERX Sharpe Ratio Rank: 52
ERX Sortino Ratio Rank: 50
ERX Omega Ratio Rank: 52
ERX Calmar Ratio Rank: 42
ERX Martin Ratio Rank: 26

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.

HOOW vs. ERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill HOOD WeeklyPay ETF (HOOW) and Direxion Daily Energy Bull 2X Shares (ERX). 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

	HOOW	ERX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.99	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	-0.09	-0.22

Drawdowns

HOOW vs. ERX - Drawdown Comparison

The maximum HOOW drawdown since its inception was -65.74%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for HOOW and ERX.

Drawdown Indicators

	HOOW	ERX	Difference
Max Drawdown Largest peak-to-trough decline	-65.74%	-99.54%	+33.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-98.59%	—
Current Drawdown Current decline from peak	-63.15%	-91.25%	+28.10%
Average Drawdown Average peak-to-trough decline	-23.26%	-66.78%	+43.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.28%	—

Volatility

Volatility by Period

	HOOW	ERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	82.14%	50.15%	+31.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.14%	52.16%	+29.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.14%	69.24%	+12.90%

Dividends

HOOW vs. ERX - Dividend Comparison

HOOW's dividend yield for the trailing twelve months is around 167.80%, more than ERX's 1.55% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HOOW Roundhill HOOD WeeklyPay ETF	167.80%	67.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ERX Direxion Daily Energy Bull 2X Shares	1.55%	2.54%	2.94%	3.17%	2.23%	2.16%	2.35%	1.56%	3.10%	0.85%