HOOW vs. MPLX

Last updated Jun 4, 2026

HOOW (Roundhill HOOD WeeklyPay ETF) is Leveraged Equities fund actively managed by Roundhill, while MPLX (MPLX LP) is a stock. At a correlation of -0.01, they often move in opposite directions.

Performance

HOOW vs. MPLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill HOOD WeeklyPay ETF (HOOW) and MPLX LP (MPLX). 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 lower than MPLX's 7.63% return.

HOOW

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

MPLX

• 1D: -0.75%
• 1M: -1.46%
• YTD: 7.63%
• 6M: 4.78%
• 1Y: 15.40%
• 3Y*: 27.99%
• 5Y*: 24.22%
• 10Y*: 14.99%

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

HOOW vs. MPLX - Yearly Performance Comparison

	2026 (YTD)	2025
HOOW Roundhill HOOD WeeklyPay ETF	-34.08%	46.56%
MPLX MPLX LP	7.63%	8.03%

Correlation

The correlation between HOOW and MPLX is -0.01, 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 (All Time) Calculated using the full available price history since Jun 20, 2025	-0.01

Return for Risk

HOOW vs. MPLX — Risk / Return Rank

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

MPLX

MPLX Risk / Return Rank: 69
MPLX Sharpe Ratio Rank: 71
MPLX Sortino Ratio Rank: 63
MPLX Omega Ratio Rank: 61
MPLX Calmar Ratio Rank: 74
MPLX Martin Ratio Rank: 74

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. 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HOOW	MPLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.99	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.26	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	0.39	-0.43

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.

Drawdown Indicators

	HOOW	MPLX	Difference
Max Drawdown Largest peak-to-trough decline	-65.74%	-85.72%	+19.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.71%	—
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 Drawdown Current decline from peak	-55.23%	-4.79%	-50.44%
Average Drawdown Average peak-to-trough decline	-29.13%	-30.01%	+0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.27%	—

Volatility

Volatility by Period

	HOOW	MPLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	83.86%	15.59%	+68.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.86%	19.40%	+64.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.86%	30.66%	+53.20%

Dividends

HOOW vs. MPLX - Dividend Comparison

HOOW's dividend yield for the trailing twelve months is around 163.90%, more than MPLX's 7.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HOOW Roundhill HOOD WeeklyPay ETF	163.90%	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	7.58%	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

Can I hold both HOOW and MPLX in my portfolio?

HOOW and MPLX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.