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 -7.26% vs 97.22% for RGTI. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
HOOX vs. RGTI - Performance Comparison
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Returns By Period
In the year-to-date period, HOOX achieves a -41.20% return, which is significantly lower than RGTI's -3.93% return.
HOOX
- 1D
- -4.60%
- 1M
- 83.42%
- YTD
- -41.20%
- 6M
- -48.54%
- 1Y
- -7.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RGTI
- 1D
- -0.47%
- 1M
- -19.45%
- YTD
- -3.93%
- 6M
- -15.25%
- 1Y
- 97.22%
- 3Y*
- 185.65%
- 5Y*
- 16.87%
- 10Y*
- —
HOOX vs. RGTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOX Defiance Daily Target 2X Long HOOD ETF | -41.20% | 342.84% |
RGTI Rigetti Computing Inc | -3.93% | 115.89% |
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 19, 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.
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 | RGTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.22 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 1.27 | -1.35 |
| Martin ratioReturn relative to average drawdown | -0.13 | 1.92 | -2.05 |
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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 | -72.78% | -62.23% | -10.55% |
Average DrawdownAverage peak-to-trough decline | -38.95% | -58.85% | +19.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.21% | 50.88% | +5.33% |
Volatility
HOOX vs. RGTI - Volatility Comparison
Defiance Daily Target 2X Long HOOD ETF (HOOX) has a higher volatility of 46.79% compared to Rigetti Computing Inc (RGTI) at 35.70%. This indicates that HOOX's price experiences larger fluctuations and is considered to be riskier than RGTI based on this measure. 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 | 46.79% | 35.70% | +11.09% |
Volatility (6M)Calculated over the trailing 6-month period | 102.33% | 71.37% | +30.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 139.87% | 109.40% | +30.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 143.98% | 129.21% | +14.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 143.98% | 127.01% | +16.97% |
Dividends
HOOX vs. RGTI - Dividend Comparison
HOOX's dividend yield for the trailing twelve months is around 24.02%, while RGTI has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
HOOX Defiance Daily Target 2X Long HOOD ETF | 24.02% | 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.
HOOX has higher volatility (46.79%) compared to RGTI (35.70%). In terms of maximum drawdown, HOOX dropped -87.11% vs RGTI's -96.89%.
RGTI currently has the higher Sharpe Ratio (0.89 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.
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