HOOX vs. JEDI
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. Their 0.55 correlation means they have sometimes moved together and sometimes differently. HOOX charges 1.31%/yr vs 0.69%/yr for JEDI.
Performance
HOOX vs. JEDI - Performance Comparison
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Returns By Period
In the year-to-date period, HOOX achieves a -61.28% return, which is significantly lower than JEDI's -1.49% return.
HOOX
- 1D
- -1.59%
- 1M
- -43.66%
- 6M
- -48.06%
- YTD
- -61.28%
- 1Y
- -62.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 48.40%
JEDI
- 1D
- 1.06%
- 1M
- -16.81%
- 6M
- -13.40%
- YTD
- -1.49%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.57M | $2.40M | $2.98M | |
| $2.62M | $4.06M | $7.20M |
HOOX vs. JEDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOX Defiance Daily Target 2X Long HOOD ETF | -61.28% | -30.40% |
JEDI Defiance Drone and Modern Warfare ETF | -1.49% | -3.42% |
Correlation
The correlation between HOOX and JEDI is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025 | 0.55 |
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Return for Risk
HOOX vs. JEDI — Risk / Return Rank
HOOX
JEDI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.99 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | — | — |
| Martin ratioReturn relative to average drawdown | -1.06 | — | — |
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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 -48.21%. Use the drawdown chart below to compare losses from any high point for HOOX and JEDI.
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Drawdown Indicators
| HOOX | JEDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.11% | -48.21% | -38.90% |
Max Drawdown (1Y)Largest decline over 1 year | -87.11% | — | — |
Current DrawdownCurrent decline from peak | -82.07% | -43.64% | -38.43% |
Average DrawdownAverage peak-to-trough decline | -41.66% | -13.94% | -27.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 61.09% | — | — |
Volatility
HOOX vs. JEDI - Volatility Comparison
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Volatility by Period
| HOOX | JEDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.55% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 107.95% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 140.66% | 53.47% | +87.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 143.29% | 53.47% | +89.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 143.29% | 53.47% | +89.82% |
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 36.47%, while JEDI has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
HOOX Defiance Daily Target 2X Long HOOD ETF | 36.47% | 14.12% |
JEDI Defiance Drone and Modern Warfare ETF | 0.00% | 0.00% |
Frequently Asked Questions
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.
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.
JEDI is cheaper with a 0.69% expense ratio, compared with 1.31% for HOOX.
HOOX has the higher dividend yield at 36.47%, compared with 0.00% for 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.
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