HOOW vs. HOOX

Last updated Jun 4, 2026

HOOW (Roundhill HOOD WeeklyPay ETF) and HOOX (Defiance Daily Target 2X Long HOOD ETF) are both Leveraged Equities funds. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. HOOW charges 0.99%/yr vs 1.31%/yr for HOOX.

Performance

HOOW vs. HOOX - Performance Comparison

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

Returns By Period

In the year-to-date period, HOOW achieves a -34.08% return, which is significantly higher than HOOX's -60.76% return.

HOOW

• 1D: -7.51%
• 1M: 8.18%
• YTD: -34.08%
• 6M: -46.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOX

• 1D: -12.45%
• 1M: 10.42%
• YTD: -60.76%
• 6M: -72.98%
• 1Y: -31.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOW vs. HOOX - Yearly Performance Comparison

	2026 (YTD)	2025
HOOW Roundhill HOOD WeeklyPay ETF	-34.08%	46.56%
HOOX Defiance Daily Target 2X Long HOOD ETF	-60.76%	48.86%

Correlation

The correlation between HOOW and HOOX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	1.00

HOOW vs. HOOX - Sectors Allocation Comparison

Sectors	HOOW	HOOX
Financial Services	3.3%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

HOOW vs. HOOX — Risk / Return Rank

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

HOOX

HOOX Risk / Return Rank: 9
HOOX Sharpe Ratio Rank: 6
HOOX Sortino Ratio Rank: 13
HOOX Omega Ratio Rank: 13
HOOX Calmar Ratio Rank: 6
HOOX Martin Ratio Rank: 6

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. HOOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill HOOD WeeklyPay ETF (HOOW) and Defiance Daily Target 2X Long HOOD ETF (HOOX). 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	HOOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	0.34	-0.38

Drawdowns

HOOW vs. HOOX - Drawdown Comparison

The maximum HOOW drawdown since its inception was -65.74%, smaller than the maximum HOOX drawdown of -87.11%. Use the drawdown chart below to compare losses from any high point for HOOW and HOOX.

Drawdown Indicators

	HOOW	HOOX	Difference
Max Drawdown Largest peak-to-trough decline	-65.74%	-87.11%	+21.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-87.11%	—
Current Drawdown Current decline from peak	-55.23%	-81.84%	+26.61%
Average Drawdown Average peak-to-trough decline	-29.13%	-37.46%	+8.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	53.44%	—

Volatility

Volatility by Period

	HOOW	HOOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	41.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	101.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	83.86%	137.62%	-53.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.86%	144.08%	-60.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.86%	144.08%	-60.22%

HOOW vs. HOOX - Expense Ratio Comparison

HOOW has a 0.99% expense ratio, which is lower than HOOX's 1.31% expense ratio.

Dividends

HOOW vs. HOOX - Dividend Comparison

HOOW's dividend yield for the trailing twelve months is around 163.90%, more than HOOX's 35.99% yield.

Position	TTM	2025
HOOW Roundhill HOOD WeeklyPay ETF	163.90%	67.92%
HOOX Defiance Daily Target 2X Long HOOD ETF	35.99%	14.12%

Frequently Asked Questions

Can I hold both HOOW and HOOX in my portfolio?

With a correlation of 1.00, HOOW and HOOX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, HOOW or HOOX?

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.

Which ETF is cheaper, HOOW or HOOX?

HOOW is cheaper with a 0.99% expense ratio, compared with 1.31% for HOOX.

Which ETF pays a higher dividend yield, HOOW or HOOX?

HOOW has the higher dividend yield at 163.90%, compared with 35.99% for HOOX.

What is the main difference between HOOW and HOOX?

They also come from different issuers: Roundhill and Defiance. Their fees differ too: 0.99% for HOOW and 1.31% for HOOX.