HOOW vs. MPLX
HOOW (Roundhill HOOD WeeklyPay ETF) is Leveraged Equities fund actively managed by Roundhill, while MPLX (MPLX LP) is a stock. Over the past year, HOOW returned 28.92% vs 22.03% for MPLX. At a correlation of -0.02, they often move in opposite directions.
Performance
HOOW vs. MPLX - Performance Comparison
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Returns By Period
In the year-to-date period, HOOW achieves a -14.70% return, which is significantly lower than MPLX's 12.34% return.
HOOW
- 1D
- -2.94%
- 1M
- 47.20%
- YTD
- -14.70%
- 6M
- -20.92%
- 1Y
- 28.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MPLX
- 1D
- 1.37%
- 1M
- 2.14%
- YTD
- 12.34%
- 6M
- 11.05%
- 1Y
- 22.03%
- 3Y*
- 30.46%
- 5Y*
- 25.13%
- 10Y*
- 15.78%
HOOW vs. MPLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOW Roundhill HOOD WeeklyPay ETF | -14.70% | 52.60% |
MPLX MPLX LP | 12.34% | 7.95% |
Correlation
The correlation between HOOW and MPLX is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025 | -0.02 |
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Return for Risk
HOOW vs. MPLX — Risk / Return Rank
HOOW
MPLX
HOOW vs. MPLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill HOOD WeeklyPay ETF (HOOW) and MPLX LP (MPLX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HOOW | MPLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.24 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 2.87 | -2.43 |
| Martin ratioReturn relative to average drawdown | 0.76 | 6.65 | -5.88 |
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Drawdowns
HOOW vs. MPLX - Drawdown Comparison
The maximum HOOW drawdown since its inception was -65.74%, smaller than the maximum MPLX drawdown of -85.72%. Use the drawdown chart below to compare losses from any high point for HOOW and MPLX.
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Drawdown Indicators
| HOOW | MPLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.74% | -85.72% | +19.98% |
Max Drawdown (1Y)Largest decline over 1 year | -65.74% | -7.71% | -58.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.21% | — |
Current DrawdownCurrent decline from peak | -42.07% | -0.62% | -41.45% |
Average DrawdownAverage peak-to-trough decline | -29.96% | -29.90% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.05% | 3.32% | +34.73% |
Volatility
HOOW vs. MPLX - Volatility Comparison
Roundhill HOOD WeeklyPay ETF (HOOW) has a higher volatility of 28.68% compared to MPLX LP (MPLX) at 4.86%. This indicates that HOOW's price experiences larger fluctuations and is considered to be riskier than MPLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOOW | MPLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.68% | 4.86% | +23.82% |
Volatility (6M)Calculated over the trailing 6-month period | 62.22% | 11.30% | +50.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 84.38% | 15.82% | +68.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.14% | 19.35% | +64.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.14% | 30.62% | +53.52% |
Dividends
HOOW vs. MPLX - Dividend Comparison
HOOW's dividend yield for the trailing twelve months is around 136.33%, more than MPLX's 7.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOOW Roundhill HOOD WeeklyPay ETF | 136.33% | 67.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MPLX MPLX LP | 7.26% | 7.39% | 7.33% | 8.65% | 8.80% | 11.30% | 12.70% | 10.41% | 8.22% | 6.23% | 5.86% | 4.33% |
Frequently Asked Questions
HOOW and MPLX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HOOW has higher volatility (28.68%) compared to MPLX (4.86%). In terms of maximum drawdown, HOOW dropped -65.74% vs MPLX's -85.72%.
MPLX currently has the higher Sharpe Ratio (1.40 vs 0.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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