HOOX vs. JEDI

Last updated Jul 14, 2026

HOOX (Defiance Daily Target 2X Long HOOD ETF) and JEDI (Defiance Drone and Modern Warfare ETF) are both exchange-traded funds - HOOX is a Leveraged Equities fund actively managed by Defiance, while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. HOOX is actively managed, while JEDI is passively managed. A 0.55 correlation means they provide meaningful diversification when combined. HOOX charges 1.31%/yr vs 0.69%/yr for JEDI.

Performance

HOOX vs. JEDI - Performance Comparison

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

Returns By Period

In the year-to-date period, HOOX achieves a -35.42% return, which is significantly lower than JEDI's 1.27% return.

HOOX

• 1D: -3.78%
• 1M: 32.61%
• 6M: -39.46%
• YTD: -35.42%
• 1Y: -36.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEDI

• 1D: -3.83%
• 1M: -22.66%
• 6M: -16.39%
• YTD: 1.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOX vs. JEDI - Yearly Performance Comparison

	2026 (YTD)	2025
HOOX Defiance Daily Target 2X Long HOOD ETF	-35.42%	-30.40%
JEDI Defiance Drone and Modern Warfare ETF	1.27%	-3.42%

Correlation

The correlation between HOOX and JEDI is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025	0.55

Return for Risk

HOOX vs. JEDI — Risk / Return Rank

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

HOOX

HOOX Risk / Return Rank: 9
HOOX Sharpe Ratio Rank: 7
HOOX Sortino Ratio Rank: 14
HOOX Omega Ratio Rank: 13
HOOX Calmar Ratio Rank: 6
HOOX Martin Ratio Rank: 6

JEDI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. JEDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long HOOD ETF (HOOX) and Defiance Drone and Modern Warfare ETF (JEDI). 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	JEDI	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	—	—
Sortino ratio: Return per unit of downside risk	0.53	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	-0.42	—	—
Martin ratio: Return relative to average drawdown	-0.63	—	—

Drawdowns

HOOX vs. JEDI - Drawdown Comparison

The maximum HOOX drawdown since its inception was -87.11%, which is greater than JEDI's maximum drawdown of -42.06%. Use the drawdown chart below to compare losses from any high point for HOOX and JEDI.

Drawdown Indicators

	HOOX	JEDI	Difference
Max Drawdown Largest peak-to-trough decline	-87.11%	-42.06%	-45.05%
Max Drawdown (1Y) Largest decline over 1 year	-87.11%	—	—
Current Drawdown Current decline from peak	-70.10%	-42.06%	-28.04%
Average Drawdown Average peak-to-trough decline	-40.22%	-11.87%	-28.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	58.47%	—	—

Volatility

Volatility by Period

	HOOX	JEDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	38.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	104.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	138.67%	52.15%	+86.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.48%	52.15%	+91.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.48%	52.15%	+91.33%

HOOX vs. JEDI - Expense Ratio Comparison

HOOX has a 1.31% expense ratio, which is higher than JEDI's 0.69% expense ratio.

Dividends

HOOX vs. JEDI - Dividend Comparison

HOOX's dividend yield for the trailing twelve months is around 21.87%, while JEDI has not paid dividends to shareholders.

Position	TTM	2025
HOOX Defiance Daily Target 2X Long HOOD ETF	21.87%	14.12%
JEDI Defiance Drone and Modern Warfare ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both HOOX and JEDI in my portfolio?

HOOX and JEDI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOOX or JEDI?

On fees, JEDI is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOOX or JEDI?

JEDI is cheaper with a 0.69% expense ratio, compared with 1.31% for HOOX.

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

HOOX has the higher dividend yield at 21.87%, compared with 0.00% for JEDI.

What is the main difference between HOOX and JEDI?

HOOX is categorized as Leveraged Equities, while JEDI is Aerospace & Defense. Their fees differ too: 1.31% for HOOX and 0.69% for JEDI.