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 -36.63% vs 11.71% 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 -35.42% return, which is significantly lower than HOOD's -2.86% return.
HOOX
- 1D
- -3.78%
- 1M
- 32.61%
- 6M
- -39.46%
- YTD
- -35.42%
- 1Y
- -36.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOD
- 1D
- -1.88%
- 1M
- 17.89%
- 6M
- -6.52%
- YTD
- -2.86%
- 1Y
- 11.71%
- 3Y*
- 107.03%
- 5Y*
- —
- 10Y*
- —
HOOX vs. HOOD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOX Defiance Daily Target 2X Long HOOD ETF | -35.42% | 342.84% |
HOOD Robinhood Markets, Inc. | -2.86% | 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 | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.09 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 0.21 | -0.63 |
| Martin ratioReturn relative to average drawdown | -0.63 | 0.36 | -0.99 |
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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 | -70.10% | -27.94% | -42.16% |
Average DrawdownAverage peak-to-trough decline | -40.22% | -60.39% | +20.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 58.47% | 32.80% | +25.67% |
Volatility
HOOX vs. HOOD - Volatility Comparison
Defiance Daily Target 2X Long HOOD ETF (HOOX) has a higher volatility of 38.19% compared to Robinhood Markets, Inc. (HOOD) at 19.26%. 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 | 38.19% | 19.26% | +18.93% |
Volatility (6M)Calculated over the trailing 6-month period | 104.74% | 51.99% | +52.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 138.67% | 69.20% | +69.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 143.48% | 73.97% | +69.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 143.48% | 73.97% | +69.51% |
Dividends
HOOX vs. HOOD - Dividend Comparison
HOOX's dividend yield for the trailing twelve months is around 21.87%, 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 | 21.87% | 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 (38.19%) compared to HOOD (19.26%). In terms of maximum drawdown, HOOX dropped -87.11% vs HOOD's -90.21%.
HOOD currently has the higher Sharpe Ratio (0.17 vs -0.27), 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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