HOOX vs. AMDG

Last updated Jun 24, 2026

HOOX (Defiance Daily Target 2X Long HOOD ETF) and AMDG (Leverage Shares 2X Long AMD Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, HOOX returned -7.26% vs 826.23% for AMDG. At a 0.45 correlation, their price movements are largely independent. HOOX charges 1.31%/yr vs 0.75%/yr for AMDG.

Performance

HOOX vs. AMDG - Performance Comparison

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

Returns By Period

In the year-to-date period, HOOX achieves a -41.20% return, which is significantly lower than AMDG's 329.09% return.

HOOX

• 1D: -4.60%
• 1M: 83.42%
• YTD: -41.20%
• 6M: -48.54%
• 1Y: -7.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDG

• 1D: -11.43%
• 1M: 15.85%
• YTD: 329.09%
• 6M: 325.72%
• 1Y: 826.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOX vs. AMDG - Yearly Performance Comparison

	2026 (YTD)	2025
HOOX Defiance Daily Target 2X Long HOOD ETF	-41.20%	342.84%
AMDG Leverage Shares 2X Long AMD Daily ETF	329.09%	191.28%

Correlation

The correlation between HOOX and AMDG is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Mar 19, 2025	0.45

Return for Risk

HOOX vs. AMDG — Risk / Return Rank

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

HOOX

HOOX Risk / Return Rank: 12
HOOX Sharpe Ratio Rank: 8
HOOX Sortino Ratio Rank: 18
HOOX Omega Ratio Rank: 18
HOOX Calmar Ratio Rank: 8
HOOX Martin Ratio Rank: 8

AMDG

AMDG Risk / Return Rank: 94
AMDG Sharpe Ratio Rank: 99
AMDG Sortino Ratio Rank: 91
AMDG Omega Ratio Rank: 89
AMDG Calmar Ratio Rank: 98
AMDG Martin Ratio Rank: 95

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. AMDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long HOOD ETF (HOOX) and Leverage Shares 2X Long AMD Daily ETF (AMDG). 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.

	HOOX	AMDG	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	6.20	-6.25
Sortino ratio: Return per unit of downside risk	0.97	4.04	-3.07
Omega ratio: Gain probability vs. loss probability	1.11	1.53	-0.42
Calmar ratio: Return relative to maximum drawdown	-0.08	14.77	-14.86
Martin ratio: Return relative to average drawdown	-0.13	28.66	-28.79

HOOX vs. AMDG - Sharpe Ratio Comparison

The current HOOX Sharpe Ratio is -0.05, which is lower than the AMDG Sharpe Ratio of 6.20. The chart below compares the historical Sharpe Ratios of HOOX and AMDG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HOOX vs. AMDG - Drawdown Comparison

The maximum HOOX drawdown since its inception was -87.11%, which is greater than AMDG's maximum drawdown of -63.32%. Use the drawdown chart below to compare losses from any high point for HOOX and AMDG.

Drawdown Indicators

	HOOX	AMDG	Difference
Max Drawdown Largest peak-to-trough decline	-87.11%	-63.32%	-23.79%
Max Drawdown (1Y) Largest decline over 1 year	-87.11%	-56.48%	-30.63%
Current Drawdown Current decline from peak	-72.78%	-12.62%	-60.16%
Average Drawdown Average peak-to-trough decline	-38.95%	-25.39%	-13.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.21%	29.06%	+27.15%

Volatility

HOOX vs. AMDG - Volatility Comparison

Defiance Daily Target 2X Long HOOD ETF (HOOX) and Leverage Shares 2X Long AMD Daily ETF (AMDG) have volatilities of 46.79% and 48.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOX	AMDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	46.79%	48.45%	-1.66%
Volatility (6M) Calculated over the trailing 6-month period	102.33%	102.73%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	139.87%	134.55%	+5.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.98%	132.44%	+11.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.98%	132.44%	+11.54%

HOOX vs. AMDG - Expense Ratio Comparison

HOOX has a 1.31% expense ratio, which is higher than AMDG's 0.75% expense ratio.

Dividends

HOOX vs. AMDG - Dividend Comparison

HOOX's dividend yield for the trailing twelve months is around 24.02%, more than AMDG's 2.61% yield.

Position	TTM	2025
AMDG Leverage Shares 2X Long AMD Daily ETF	2.61%	11.21%
HOOX Defiance Daily Target 2X Long HOOD ETF	24.02%	14.12%

Frequently Asked Questions

Can I hold both HOOX and AMDG in my portfolio?

HOOX and AMDG have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOOX or AMDG?

AMDG has higher volatility (48.45%) compared to HOOX (46.79%). In terms of maximum drawdown, HOOX dropped -87.11% vs AMDG's -63.32%.

Which ETF is better, HOOX or AMDG?

On 1-year performance, AMDG leads with 826.23% vs -7.26% for HOOX. On fees, AMDG is cheaper at 0.75% per year. On volatility, HOOX has been the lower-risk option at 46.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOX or AMDG?

Over the 1-year period, AMDG has performed better with a 826.23% return vs -7.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOX or AMDG?

AMDG is cheaper with a 0.75% expense ratio, compared with 1.31% for HOOX.

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

HOOX has the higher dividend yield at 24.02%, compared with 2.61% for AMDG.

What is the main difference between HOOX and AMDG?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for HOOX and 0.75% for AMDG.

Which has better risk-adjusted returns?

AMDG currently has the higher Sharpe Ratio (6.20 vs -0.05), 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.