HOOW vs. HOOI
HOOW (Roundhill HOOD WeeklyPay ETF) and HOOI (Defiance Leveraged Long + Income HOOD ETF) are both Leveraged Equities funds. Both are actively managed. A 0.64 correlation means they provide meaningful diversification when combined. HOOW charges 0.99%/yr vs 1.51%/yr for HOOI.
Performance
HOOW vs. HOOI - Performance Comparison
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Returns By Period
In the year-to-date period, HOOW achieves a -34.08% return, which is significantly lower than HOOI's -10.33% return.
HOOW
- 1D
- -7.51%
- 1M
- 8.18%
- YTD
- -34.08%
- 6M
- -46.41%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOI
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -10.33%
- 6M
- -33.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOW vs. HOOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOW Roundhill HOOD WeeklyPay ETF | -34.08% | 1.71% |
HOOI Defiance Leveraged Long + Income HOOD ETF | -10.33% | -14.45% |
Correlation
The correlation between HOOW and HOOI is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025 | 0.64 |
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Return for Risk
HOOW vs. HOOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill HOOD WeeklyPay ETF (HOOW) and Defiance Leveraged Long + Income HOOD ETF (HOOI). 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
| HOOW | HOOI | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | -0.34 | +0.30 |
Drawdowns
HOOW vs. HOOI - Drawdown Comparison
The maximum HOOW drawdown since its inception was -65.74%, which is greater than HOOI's maximum drawdown of -58.34%. Use the drawdown chart below to compare losses from any high point for HOOW and HOOI.
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Drawdown Indicators
| HOOW | HOOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.74% | -58.34% | -7.40% |
Current DrawdownCurrent decline from peak | -55.23% | -57.31% | +2.08% |
Average DrawdownAverage peak-to-trough decline | -29.13% | -39.57% | +10.44% |
Volatility
HOOW vs. HOOI - Volatility Comparison
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Volatility by Period
| HOOW | HOOI | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 83.86% | 88.80% | -4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.86% | 88.80% | -4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.86% | 88.80% | -4.94% |
HOOW vs. HOOI - Expense Ratio Comparison
HOOW has a 0.99% expense ratio, which is lower than HOOI's 1.51% expense ratio.
Dividends
HOOW vs. HOOI - Dividend Comparison
HOOW's dividend yield for the trailing twelve months is around 163.90%, more than HOOI's 52.10% yield.
| Position | TTM | 2025 |
|---|---|---|
HOOI Defiance Leveraged Long + Income HOOD ETF | 52.10% | 41.26% |
HOOW Roundhill HOOD WeeklyPay ETF | 163.90% | 67.92% |
Frequently Asked Questions
HOOW and HOOI have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HOOW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HOOW is cheaper with a 0.99% expense ratio, compared with 1.51% for HOOI.
HOOW has the higher dividend yield at 163.90%, compared with 52.10% for HOOI.
They also come from different issuers: Roundhill and Defiance. Their fees differ too: 0.99% for HOOW and 1.51% for HOOI.
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