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 -6.96% vs 22.54% for MPLX. At a correlation of -0.03, 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 -12.18% return, which is significantly lower than MPLX's 11.35% return.
HOOW
- 1D
- -9.53%
- 1M
- 10.78%
- 6M
- -9.72%
- YTD
- -12.18%
- 1Y
- -6.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MPLX
- 1D
- 1.35%
- 1M
- 1.94%
- 6M
- 6.18%
- YTD
- 11.35%
- 1Y
- 22.54%
- 3Y*
- 28.58%
- 5Y*
- 26.58%
- 10Y*
- 15.49%
HOOW vs. MPLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOW Roundhill HOOD WeeklyPay ETF | -12.18% | 52.60% |
MPLX MPLX LP | 11.35% | 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 | -0.03 |
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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 | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.24 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 2.94 | -3.04 |
| Martin ratioReturn relative to average drawdown | -0.18 | 6.81 | -6.99 |
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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 | -40.36% | -1.50% | -38.86% |
Average DrawdownAverage peak-to-trough decline | -30.49% | -29.77% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.31% | 3.32% | +35.99% |
Volatility
HOOW vs. MPLX - Volatility Comparison
Roundhill HOOD WeeklyPay ETF (HOOW) has a higher volatility of 24.01% compared to MPLX LP (MPLX) at 4.88%. 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 | 24.01% | 4.88% | +19.13% |
Volatility (6M)Calculated over the trailing 6-month period | 64.40% | 11.48% | +52.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 84.21% | 16.10% | +68.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.98% | 19.20% | +64.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.98% | 30.42% | +53.56% |
Dividends
HOOW vs. MPLX - Dividend Comparison
HOOW's dividend yield for the trailing twelve months is around 133.11%, more than MPLX's 7.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOOW Roundhill HOOD WeeklyPay ETF | 133.11% | 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 | 7.32% | 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 (24.01%) compared to MPLX (4.88%). In terms of maximum drawdown, HOOW dropped -65.74% vs MPLX's -85.72%.
MPLX currently has the higher Sharpe Ratio (1.41 vs -0.08), 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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