HOOX vs. HOOW

Last updated Jun 24, 2026

HOOX (Defiance Daily Target 2X Long HOOD ETF) and HOOW (Roundhill HOOD WeeklyPay ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, HOOX returned -7.26% vs 28.92% for HOOW. With a 1.00 correlation, they move nearly in lockstep. HOOX charges 1.31%/yr vs 0.99%/yr for HOOW.

Performance

HOOX vs. HOOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long HOOD ETF (HOOX) and Roundhill HOOD WeeklyPay ETF (HOOW). 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 HOOW's -14.70% return.

HOOX

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

HOOW

• 1D: -2.94%
• 1M: 47.20%
• YTD: -14.70%
• 6M: -20.92%
• 1Y: 28.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOX vs. HOOW - Yearly Performance Comparison

	2026 (YTD)	2025
HOOX Defiance Daily Target 2X Long HOOD ETF	-41.20%	62.25%
HOOW Roundhill HOOD WeeklyPay ETF	-14.70%	52.60%

Correlation

The correlation between HOOX and HOOW 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 Jun 18, 2025	1.00

The correlation between HOOX and HOOW has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

HOOX vs. HOOW - Sectors Allocation Comparison

Sectors	HOOX	HOOW
Financial Services	100.0%	3.5%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

HOOX vs. HOOW — 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

HOOW

HOOW Risk / Return Rank: 16
HOOW Sharpe Ratio Rank: 14
HOOW Sortino Ratio Rank: 20
HOOW Omega Ratio Rank: 19
HOOW Calmar Ratio Rank: 14
HOOW Martin Ratio Rank: 12

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. HOOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long HOOD ETF (HOOX) and Roundhill HOOD WeeklyPay ETF (HOOW). 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	HOOW	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	0.34	-0.40
Sortino ratio: Return per unit of downside risk	0.97	1.10	-0.13
Omega ratio: Gain probability vs. loss probability	1.11	1.13	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.08	0.44	-0.53
Martin ratio: Return relative to average drawdown	-0.13	0.76	-0.89

HOOX vs. HOOW - Sharpe Ratio Comparison

The current HOOX Sharpe Ratio is -0.05, which is lower than the HOOW Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of HOOX and HOOW, 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. HOOW - Drawdown Comparison

The maximum HOOX drawdown since its inception was -87.11%, which is greater than HOOW's maximum drawdown of -65.74%. Use the drawdown chart below to compare losses from any high point for HOOX and HOOW.

Drawdown Indicators

	HOOX	HOOW	Difference
Max Drawdown Largest peak-to-trough decline	-87.11%	-65.74%	-21.37%
Max Drawdown (1Y) Largest decline over 1 year	-87.11%	-65.74%	-21.37%
Current Drawdown Current decline from peak	-72.78%	-42.07%	-30.71%
Average Drawdown Average peak-to-trough decline	-38.95%	-29.96%	-8.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.21%	38.05%	+18.16%

Volatility

HOOX vs. HOOW - Volatility Comparison

Defiance Daily Target 2X Long HOOD ETF (HOOX) has a higher volatility of 46.79% compared to Roundhill HOOD WeeklyPay ETF (HOOW) at 28.68%. This indicates that HOOX's price experiences larger fluctuations and is considered to be riskier than HOOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOX	HOOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	46.79%	28.68%	+18.11%
Volatility (6M) Calculated over the trailing 6-month period	102.33%	62.22%	+40.11%
Volatility (1Y) Calculated over the trailing 1-year period	139.87%	84.38%	+55.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.98%	84.14%	+59.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.98%	84.14%	+59.84%

HOOX vs. HOOW - Expense Ratio Comparison

HOOX has a 1.31% expense ratio, which is higher than HOOW's 0.99% expense ratio.

Dividends

HOOX vs. HOOW - Dividend Comparison

HOOX's dividend yield for the trailing twelve months is around 24.02%, less than HOOW's 136.33% yield.

Position	TTM	2025
HOOW Roundhill HOOD WeeklyPay ETF	136.33%	67.92%
HOOX Defiance Daily Target 2X Long HOOD ETF	24.02%	14.12%

Frequently Asked Questions

Can I hold both HOOX and HOOW in my portfolio?

With a correlation of 1.00, HOOX and HOOW 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.

Which is riskier, HOOX or HOOW?

HOOX has higher volatility (46.79%) compared to HOOW (28.68%). In terms of maximum drawdown, HOOX dropped -87.11% vs HOOW's -65.74%.

Which ETF is better, HOOX or HOOW?

On 1-year performance, HOOW leads with 28.92% vs -7.26% for HOOX. On fees, HOOW is cheaper at 0.99% per year. On volatility, HOOW has been the lower-risk option at 28.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOX or HOOW?

Over the 1-year period, HOOW has performed better with a 28.92% 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 HOOW?

HOOW is cheaper with a 0.99% expense ratio, compared with 1.31% for HOOX.

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

HOOW has the higher dividend yield at 136.33%, compared with 24.02% for HOOX.

What is the main difference between HOOX and HOOW?

They also come from different issuers: Defiance and Roundhill. Their fees differ too: 1.31% for HOOX and 0.99% for HOOW.

Which has better risk-adjusted returns?

HOOW currently has the higher Sharpe Ratio (0.34 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.