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 -54.87% vs -17.68% for RGTI. At a 0.50 correlation, their price movements are largely independent.
Performance
HOOX vs. RGTI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HOOX achieves a -47.32% return, which is significantly lower than RGTI's -36.30% return.
HOOX
- 1D
- -11.52%
- 1M
- -14.06%
- 6M
- -41.42%
- YTD
- -47.32%
- 1Y
- -54.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RGTI
- 1D
- 0.07%
- 1M
- -30.30%
- 6M
- -44.93%
- YTD
- -36.30%
- 1Y
- -17.68%
- 3Y*
- 85.51%
- 5Y*
- 7.56%
- 10Y*
- —
HOOX vs. RGTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOX Defiance Daily Target 2X Long HOOD ETF | -47.32% | 342.84% |
RGTI Rigetti Computing Inc | -36.30% | 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.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.06 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.23 | -0.40 |
| Martin ratioReturn relative to average drawdown | -0.93 | -0.33 | -0.60 |
Loading charts...
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.
Loading charts...
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 | -75.61% | -74.96% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -40.59% | -58.99% | +18.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.15% | 53.98% | +5.17% |
Volatility
HOOX vs. RGTI - Volatility Comparison
Defiance Daily Target 2X Long HOOD ETF (HOOX) has a higher volatility of 42.46% compared to Rigetti Computing Inc (RGTI) at 20.01%. 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.
Loading charts...
Volatility by Period
| HOOX | RGTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 42.46% | 20.01% | +22.45% |
Volatility (6M)Calculated over the trailing 6-month period | 106.95% | 71.01% | +35.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 139.83% | 105.04% | +34.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 143.89% | 129.49% | +14.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 143.89% | 126.51% | +17.38% |
Dividends
HOOX vs. RGTI - Dividend Comparison
HOOX's dividend yield for the trailing twelve months is around 26.80%, while RGTI has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
HOOX Defiance Daily Target 2X Long HOOD ETF | 26.80% | 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 (42.46%) compared to RGTI (20.01%). In terms of maximum drawdown, HOOX dropped -87.11% vs RGTI's -96.89%.
RGTI currently has the higher Sharpe Ratio (-0.17 vs -0.39), 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.
Find the right allocation for HOOX and RGTI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer