HOOX vs. IBIC

Last updated Jun 24, 2026

HOOX (Defiance Daily Target 2X Long HOOD ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - HOOX is a Leveraged Equities fund actively managed by Defiance, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. HOOX is actively managed, while IBIC is passively managed. Over the past year, HOOX returned -7.26% vs 4.42% for IBIC. At a correlation of -0.19, they often move in opposite directions. HOOX charges 1.31%/yr vs 0.10%/yr for IBIC.

Performance

HOOX vs. IBIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long HOOD ETF (HOOX) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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 IBIC's 2.43% return.

HOOX

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

IBIC

• 1D: 0.04%
• 1M: 0.12%
• YTD: 2.43%
• 6M: 2.57%
• 1Y: 4.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOX vs. IBIC - Yearly Performance Comparison

	2026 (YTD)	2025
HOOX Defiance Daily Target 2X Long HOOD ETF	-41.20%	342.84%
IBIC iShares iBonds Oct 2026 Term TIPS ETF	2.43%	3.22%

Correlation

The correlation between HOOX and IBIC is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.17
Correlation (All Time) Calculated using the full available price history since Mar 19, 2025	-0.19

Return for Risk

HOOX vs. IBIC — 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

IBIC

IBIC Risk / Return Rank: 98
IBIC Sharpe Ratio Rank: 98
IBIC Sortino Ratio Rank: 98
IBIC Omega Ratio Rank: 98
IBIC Calmar Ratio Rank: 98
IBIC Martin Ratio Rank: 98

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. IBIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long HOOD ETF (HOOX) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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	IBIC	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	4.99	-5.04
Sortino ratio: Return per unit of downside risk	0.97	8.97	-8.00
Omega ratio: Gain probability vs. loss probability	1.11	2.22	-1.11
Calmar ratio: Return relative to maximum drawdown	-0.08	16.56	-16.65
Martin ratio: Return relative to average drawdown	-0.13	58.67	-58.80

HOOX vs. IBIC - Sharpe Ratio Comparison

The current HOOX Sharpe Ratio is -0.05, which is lower than the IBIC Sharpe Ratio of 4.99. The chart below compares the historical Sharpe Ratios of HOOX and IBIC, 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. IBIC - Drawdown Comparison

The maximum HOOX drawdown since its inception was -87.11%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for HOOX and IBIC.

Drawdown Indicators

	HOOX	IBIC	Difference
Max Drawdown Largest peak-to-trough decline	-87.11%	-0.90%	-86.21%
Max Drawdown (1Y) Largest decline over 1 year	-87.11%	-0.27%	-86.84%
Current Drawdown Current decline from peak	-72.78%	-0.08%	-72.70%
Average Drawdown Average peak-to-trough decline	-38.95%	-0.10%	-38.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.21%	0.08%	+56.13%

Volatility

HOOX vs. IBIC - Volatility Comparison

Defiance Daily Target 2X Long HOOD ETF (HOOX) has a higher volatility of 46.79% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that HOOX's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOX	IBIC	Difference
Volatility (1M) Calculated over the trailing 1-month period	46.79%	0.17%	+46.62%
Volatility (6M) Calculated over the trailing 6-month period	102.33%	0.67%	+101.66%
Volatility (1Y) Calculated over the trailing 1-year period	139.87%	0.89%	+138.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.98%	1.56%	+142.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.98%	1.56%	+142.42%

HOOX vs. IBIC - Expense Ratio Comparison

HOOX has a 1.31% expense ratio, which is higher than IBIC's 0.10% expense ratio.

Dividends

HOOX vs. IBIC - Dividend Comparison

HOOX's dividend yield for the trailing twelve months is around 24.02%, more than IBIC's 3.58% yield.

Position	TTM	2025	2024	2023
HOOX Defiance Daily Target 2X Long HOOD ETF	24.02%	14.12%	0.00%	0.00%
IBIC iShares iBonds Oct 2026 Term TIPS ETF	3.58%	4.43%	4.65%	0.83%

Frequently Asked Questions

Can I hold both HOOX and IBIC in my portfolio?

HOOX and IBIC have a correlation of -0.17, 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 IBIC?

HOOX has higher volatility (46.79%) compared to IBIC (0.17%). In terms of maximum drawdown, HOOX dropped -87.11% vs IBIC's -0.90%.

Which ETF is better, HOOX or IBIC?

On 1-year performance, IBIC leads with 4.42% vs -7.26% for HOOX. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOX or IBIC?

Over the 1-year period, IBIC has performed better with a 4.42% 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 IBIC?

IBIC is cheaper with a 0.10% expense ratio, compared with 1.31% for HOOX.

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

HOOX has the higher dividend yield at 24.02%, compared with 3.58% for IBIC.

What is the main difference between HOOX and IBIC?

HOOX is categorized as Leveraged Equities, while IBIC is Inflation-Protected Bonds. They also come from different issuers: Defiance and iShares. Their fees differ too: 1.31% for HOOX and 0.10% for IBIC.

Which has better risk-adjusted returns?

IBIC currently has the higher Sharpe Ratio (4.99 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.