HOOX vs. TERG

Last updated Jun 4, 2026

HOOX (Defiance Daily Target 2X Long HOOD ETF) and TERG (Leverage Shares 2X Long TER Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. HOOX charges 1.31%/yr vs 0.75%/yr for TERG.

Performance

HOOX vs. TERG - Performance Comparison

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

Returns By Period

In the year-to-date period, HOOX achieves a -60.76% return, which is significantly lower than TERG's 229.64% return.

HOOX

• 1D: -12.45%
• 1M: 10.42%
• YTD: -60.76%
• 6M: -72.98%
• 1Y: -31.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TERG

• 1D: 8.49%
• 1M: 39.95%
• YTD: 229.64%
• 6M: 218.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOX vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
HOOX Defiance Daily Target 2X Long HOOD ETF	-60.76%	-12.44%
TERG Leverage Shares 2X Long TER Daily ETF	229.64%	28.17%

Correlation

The correlation between HOOX and TERG is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.43

Return for Risk

HOOX vs. TERG — 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: 6
HOOX Sortino Ratio Rank: 13
HOOX Omega Ratio Rank: 13
HOOX Calmar Ratio Rank: 6
HOOX Martin Ratio Rank: 6

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. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long HOOD ETF (HOOX) and Leverage Shares 2X Long TER Daily ETF (TERG). 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	TERG	Difference
Sharpe ratio: Return per unit of total volatility	-0.23	—	—
Sortino ratio: Return per unit of downside risk	0.60	—	—
Omega ratio: Gain probability vs. loss probability	1.07	—	—
Calmar ratio: Return relative to maximum drawdown	-0.37	—	—
Martin ratio: Return relative to average drawdown	-0.60	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HOOX	TERG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	9.90	-9.56

Drawdowns

HOOX vs. TERG - Drawdown Comparison

The maximum HOOX drawdown since its inception was -87.11%, which is greater than TERG's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for HOOX and TERG.

Drawdown Indicators

	HOOX	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-87.11%	-49.52%	-37.59%
Max Drawdown (1Y) Largest decline over 1 year	-87.11%	—	—
Current Drawdown Current decline from peak	-81.84%	-15.98%	-65.86%
Average Drawdown Average peak-to-trough decline	-37.46%	-13.73%	-23.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.44%	—	—

Volatility

Volatility by Period

	HOOX	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.73%	—	—
Volatility (6M) Calculated over the trailing 6-month period	101.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	137.62%	139.25%	-1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	144.08%	139.25%	+4.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.08%	139.25%	+4.83%

HOOX vs. TERG - Expense Ratio Comparison

HOOX has a 1.31% expense ratio, which is higher than TERG's 0.75% expense ratio.

Dividends

HOOX vs. TERG - Dividend Comparison

HOOX's dividend yield for the trailing twelve months is around 35.99%, while TERG has not paid dividends to shareholders.

Position	TTM	2025
HOOX Defiance Daily Target 2X Long HOOD ETF	35.99%	14.12%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both HOOX and TERG in my portfolio?

HOOX and TERG have a correlation of 0.43, 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 TERG?

On fees, TERG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOOX or TERG?

TERG is cheaper with a 0.75% expense ratio, compared with 1.31% for HOOX.

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

HOOX has the higher dividend yield at 35.99%, compared with 0.00% for TERG.

What is the main difference between HOOX and TERG?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for HOOX and 0.75% for TERG.