HOOX vs. HOOD
HOOX (Defiance Daily Target 2X Long HOOD ETF) is Leveraged Equities fund actively managed by Defiance, while HOOD (Robinhood Markets, Inc.) is a stock. Over the past year, HOOX returned -7.26% vs 35.23% for HOOD. With a 1.00 correlation, they move nearly in lockstep.
Performance
HOOX vs. HOOD - Performance Comparison
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Returns By Period
In the year-to-date period, HOOX achieves a -41.20% return, which is significantly lower than HOOD's -8.71% return.
HOOX
- 1D
- -4.60%
- 1M
- 83.42%
- YTD
- -41.20%
- 6M
- -48.54%
- 1Y
- -7.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOD
- 1D
- -2.33%
- 1M
- 40.21%
- YTD
- -8.71%
- 6M
- -14.13%
- 1Y
- 35.23%
- 3Y*
- 121.59%
- 5Y*
- —
- 10Y*
- —
HOOX vs. HOOD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOX Defiance Daily Target 2X Long HOOD ETF | -41.20% | 342.84% |
HOOD Robinhood Markets, Inc. | -8.71% | 182.04% |
Correlation
The correlation between HOOX and HOOD is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2025 | 1.00 |
The correlation between HOOX and HOOD has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
HOOX vs. HOOD — Risk / Return Rank
HOOX
HOOD
HOOX vs. HOOD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long HOOD ETF (HOOX) and Robinhood Markets, Inc. (HOOD). 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 | HOOD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.14 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 0.62 | -0.70 |
| Martin ratioReturn relative to average drawdown | -0.13 | 1.10 | -1.23 |
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Drawdowns
HOOX vs. HOOD - Drawdown Comparison
The maximum HOOX drawdown since its inception was -87.11%, roughly equal to the maximum HOOD drawdown of -90.21%. Use the drawdown chart below to compare losses from any high point for HOOX and HOOD.
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Drawdown Indicators
| HOOX | HOOD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.11% | -90.21% | +3.10% |
Max Drawdown (1Y)Largest decline over 1 year | -87.11% | -57.26% | -29.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.26% | — |
Current DrawdownCurrent decline from peak | -72.78% | -32.28% | -40.50% |
Average DrawdownAverage peak-to-trough decline | -38.95% | -60.71% | +21.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.21% | 32.08% | +24.13% |
Volatility
HOOX vs. HOOD - Volatility Comparison
Defiance Daily Target 2X Long HOOD ETF (HOOX) has a higher volatility of 46.79% compared to Robinhood Markets, Inc. (HOOD) at 23.64%. This indicates that HOOX's price experiences larger fluctuations and is considered to be riskier than HOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOOX | HOOD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 46.79% | 23.64% | +23.15% |
Volatility (6M)Calculated over the trailing 6-month period | 102.33% | 50.77% | +51.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 139.87% | 69.76% | +70.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 143.98% | 74.05% | +69.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 143.98% | 74.05% | +69.93% |
Dividends
HOOX vs. HOOD - Dividend Comparison
HOOX's dividend yield for the trailing twelve months is around 24.02%, while HOOD has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
HOOD Robinhood Markets, Inc. | 0.00% | 0.00% |
HOOX Defiance Daily Target 2X Long HOOD ETF | 24.02% | 14.12% |
Frequently Asked Questions
With a correlation of 1.00, HOOX and HOOD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
HOOX has higher volatility (46.79%) compared to HOOD (23.64%). In terms of maximum drawdown, HOOX dropped -87.11% vs HOOD's -90.21%.
HOOD currently has the higher Sharpe Ratio (0.51 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.
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