HOOX vs. RGTI
HOOX (Defiance Daily Target 2X Long HOOD ETF) is Leveraged Equities fund actively managed by Defiance, while RGTI (Rigetti Computing Inc) is a stock. Over the past year, HOOX returned -31.77% vs 100.12% for RGTI. At a 0.50 correlation, their price movements are largely independent.
Performance
HOOX vs. RGTI - Performance Comparison
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Returns By Period
In the year-to-date period, HOOX achieves a -60.76% return, which is significantly lower than RGTI's 8.78% return.
HOOX
- 1D
- -12.45%
- 1M
- 10.42%
- YTD
- -60.76%
- 6M
- -72.98%
- 1Y
- -31.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RGTI
- 1D
- -10.36%
- 1M
- 36.13%
- YTD
- 8.78%
- 6M
- -7.47%
- 1Y
- 100.12%
- 3Y*
- 201.63%
- 5Y*
- 19.57%
- 10Y*
- —
HOOX vs. RGTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOX Defiance Daily Target 2X Long HOOD ETF | -60.76% | 312.21% |
RGTI Rigetti Computing Inc | 8.78% | 123.62% |
Correlation
The correlation between HOOX and RGTI is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025 | 0.50 |
The correlation between HOOX and RGTI has been stable across timeframes, ranging from 0.50 to 0.51 - a consistent structural relationship.
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Return for Risk
HOOX vs. RGTI — Risk / Return Rank
HOOX
RGTI
HOOX vs. RGTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long HOOD ETF (HOOX) and Rigetti Computing Inc (RGTI). 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.
| HOOX | RGTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.22 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 1.31 | -1.67 |
| Martin ratioReturn relative to average drawdown | -0.60 | 2.05 | -2.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HOOX | RGTI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | 0.93 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.15 | +0.19 |
Drawdowns
HOOX vs. RGTI - Drawdown Comparison
The maximum HOOX drawdown since its inception was -87.11%, smaller than the maximum RGTI drawdown of -96.89%. Use the drawdown chart below to compare losses from any high point for HOOX and RGTI.
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Drawdown Indicators
| HOOX | RGTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.11% | -96.89% | +9.78% |
Max Drawdown (1Y)Largest decline over 1 year | -87.11% | -77.10% | -10.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -78.83% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -96.89% | — |
Current DrawdownCurrent decline from peak | -81.84% | -57.23% | -24.61% |
Average DrawdownAverage peak-to-trough decline | -37.46% | -58.86% | +21.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.44% | 48.91% | +4.53% |
Volatility
HOOX vs. RGTI - Volatility Comparison
Defiance Daily Target 2X Long HOOD ETF (HOOX) and Rigetti Computing Inc (RGTI) have volatilities of 41.73% and 43.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOOX | RGTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 41.73% | 43.33% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 101.05% | 71.05% | +30.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 137.62% | 108.42% | +29.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 144.08% | 128.73% | +15.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.08% | 127.27% | +16.81% |
Dividends
HOOX vs. RGTI - Dividend Comparison
HOOX's dividend yield for the trailing twelve months is around 35.99%, while RGTI has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
HOOX Defiance Daily Target 2X Long HOOD ETF | 35.99% | 14.12% |
RGTI Rigetti Computing Inc | 0.00% | 0.00% |
Frequently Asked Questions
HOOX and RGTI have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RGTI has higher volatility (43.33%) compared to HOOX (41.73%). In terms of maximum drawdown, HOOX dropped -87.11% vs RGTI's -96.89%.
RGTI currently has the higher Sharpe Ratio (0.93 vs -0.23), 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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