HOOX vs. AIPO

Last updated Jun 4, 2026

HOOX (Defiance Daily Target 2X Long HOOD ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - HOOX is a Leveraged Equities fund actively managed by Defiance, while AIPO is a Technology Equities fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. HOOX is actively managed, while AIPO is passively managed. A 0.54 correlation means they provide meaningful diversification when combined. HOOX charges 1.31%/yr vs 0.69%/yr for AIPO.

Performance

HOOX vs. AIPO - Performance Comparison

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

Returns By Period

In the year-to-date period, HOOX achieves a -60.76% return, which is significantly lower than AIPO's 52.03% return.

HOOX

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

AIPO

• 1D: -1.12%
• 1M: 6.63%
• YTD: 52.03%
• 6M: 45.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOX vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
HOOX Defiance Daily Target 2X Long HOOD ETF	-60.76%	-12.13%
AIPO Defiance AI & Power Infrastructure ETF	52.03%	8.68%

Correlation

The correlation between HOOX and AIPO is 0.54, 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 Jul 28, 2025	0.54

HOOX vs. AIPO - Sectors Allocation Comparison

Sectors	HOOX	AIPO
Financial Services	100.0%	3.6%
Basic Materials	-	-
Communication Services	-	0.5%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	6.9%
Healthcare	-	-
Industrials	-	57.1%
Real Estate	-	1.0%
Technology	-	16.5%
Utilities	-	14.4%

Return for Risk

HOOX vs. AIPO — 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.

HOOX vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long HOOD ETF (HOOX) and Defiance AI & Power Infrastructure ETF (AIPO). 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.

	HOOX	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	-0.23	—	—
Sortino ratio: Return per unit of downside risk	0.60	—	—
Omega ratio: Gain probability vs. loss probability	1.07	—	—
Calmar ratio: Return relative to maximum drawdown	-0.37	—	—
Martin ratio: Return relative to average drawdown	-0.60	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HOOX	AIPO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	2.36	-2.01

Drawdowns

HOOX vs. AIPO - Drawdown Comparison

The maximum HOOX drawdown since its inception was -87.11%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for HOOX and AIPO.

Drawdown Indicators

	HOOX	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-87.11%	-17.31%	-69.80%
Max Drawdown (1Y) Largest decline over 1 year	-87.11%	—	—
Current Drawdown Current decline from peak	-81.84%	-1.12%	-80.72%
Average Drawdown Average peak-to-trough decline	-37.46%	-4.38%	-33.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.44%	—	—

Volatility

Volatility by Period

	HOOX	AIPO	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	137.62%	34.09%	+103.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	144.08%	34.09%	+109.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.08%	34.09%	+109.99%

HOOX vs. AIPO - Expense Ratio Comparison

HOOX has a 1.31% expense ratio, which is higher than AIPO's 0.69% expense ratio.

Dividends

HOOX vs. AIPO - Dividend Comparison

HOOX's dividend yield for the trailing twelve months is around 35.99%, more than AIPO's 0.01% yield.

Position	TTM	2025
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%
HOOX Defiance Daily Target 2X Long HOOD ETF	35.99%	14.12%

Frequently Asked Questions

Can I hold both HOOX and AIPO in my portfolio?

HOOX and AIPO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOOX or AIPO?

On fees, AIPO is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOOX or AIPO?

AIPO is cheaper with a 0.69% expense ratio, compared with 1.31% for HOOX.

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

HOOX has the higher dividend yield at 35.99%, compared with 0.01% for AIPO.

What is the main difference between HOOX and AIPO?

HOOX is categorized as Leveraged Equities, while AIPO is Technology Equities. Their fees differ too: 1.31% for HOOX and 0.69% for AIPO.