HOOX vs. TSMX

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Daily Target 2X Long HOOD ETF (HOOX) and Direxion Daily TSM Bull 2X Shares (TSMX).

HOOX and TSMX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HOOX is an actively managed fund by Defiance. It was launched on Mar 18, 2025. TSMX is an actively managed fund by Direxion. It was launched on Oct 3, 2024.

Performance

HOOX vs. TSMX - Performance Comparison

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

HOOX vs. TSMX - Yearly Performance Comparison

	2026 (YTD)	2025
HOOX Defiance Daily Target 2X Long HOOD ETF	-68.67%	312.21%
TSMX Direxion Daily TSM Bull 2X Shares	16.15%	155.06%

Returns By Period

In the year-to-date period, HOOX achieves a -68.67% return, which is significantly lower than TSMX's 16.15% return.

HOOX

• 1D: 12.56%
• 1M: -20.41%
• YTD: -68.67%
• 6M: -83.71%
• 1Y: 39.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMX

• 1D: 13.81%
• 1M: -20.58%
• YTD: 16.15%
• 6M: 30.27%
• 1Y: 227.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOX vs. TSMX - Expense Ratio Comparison

HOOX has a 1.31% expense ratio, which is higher than TSMX's 1.05% expense ratio.

HOOX

Defiance Daily Target 2X Long HOOD ETF

TSMX

Direxion Daily TSM Bull 2X Shares

Return for Risk

HOOX vs. TSMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HOOX

HOOX Risk / Return Rank: 32
HOOX Sharpe Ratio Rank: 20
HOOX Sortino Ratio Rank: 57
HOOX Omega Ratio Rank: 46
HOOX Calmar Ratio Rank: 22
HOOX Martin Ratio Rank: 18

TSMX

TSMX Risk / Return Rank: 96
TSMX Sharpe Ratio Rank: 97
TSMX Sortino Ratio Rank: 95
TSMX Omega Ratio Rank: 91
TSMX Calmar Ratio Rank: 98
TSMX Martin Ratio Rank: 97

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. TSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long HOOD ETF (HOOX) and Direxion Daily TSM Bull 2X Shares (TSMX). 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	TSMX	Difference
Sharpe ratio Return per unit of total volatility	0.28	2.95	-2.68
Sortino ratio Return per unit of downside risk	1.46	3.08	-1.62
Omega ratio Gain probability vs. loss probability	1.17	1.39	-0.21
Calmar ratio Return relative to maximum drawdown	0.43	6.59	-6.15
Martin ratio Return relative to average drawdown	0.91	20.50	-19.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HOOX vs. TSMX - Sharpe Ratio Comparison

The current HOOX Sharpe Ratio is 0.28, which is lower than the TSMX Sharpe Ratio of 2.95. The chart below compares the historical Sharpe Ratios of HOOX and TSMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HOOX	TSMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.28	2.95	-2.68
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	1.01	-0.81

Correlation

The correlation between HOOX and TSMX is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HOOX vs. TSMX - Dividend Comparison

HOOX's dividend yield for the trailing twelve months is around 45.07%, more than TSMX's 7.11% yield.

	TTM	2025	2024
HOOX Defiance Daily Target 2X Long HOOD ETF	45.07%	14.12%	0.00%
TSMX Direxion Daily TSM Bull 2X Shares	7.11%	8.01%	0.53%

Drawdowns

HOOX vs. TSMX - Drawdown Comparison

The maximum HOOX drawdown since its inception was -87.11%, which is greater than TSMX's maximum drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for HOOX and TSMX.

Drawdown Indicators

	HOOX	TSMX	Difference
Max Drawdown Largest peak-to-trough decline	-87.11%	-63.80%	-23.31%
Max Drawdown (1Y) Largest decline over 1 year	-87.11%	-34.93%	-52.18%
Current Drawdown Current decline from peak	-85.50%	-25.94%	-59.56%
Average Drawdown Average peak-to-trough decline	-29.86%	-16.74%	-13.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.19%	11.22%	+29.97%

Volatility

HOOX vs. TSMX - Volatility Comparison

Defiance Daily Target 2X Long HOOD ETF (HOOX) has a higher volatility of 36.22% compared to Direxion Daily TSM Bull 2X Shares (TSMX) at 29.06%. This indicates that HOOX's price experiences larger fluctuations and is considered to be riskier than TSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOX	TSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.22%	29.06%	+7.16%
Volatility (6M) Calculated over the trailing 6-month period	101.58%	54.61%	+46.97%
Volatility (1Y) Calculated over the trailing 1-year period	142.52%	77.49%	+65.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	142.81%	81.26%	+61.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	142.81%	81.26%	+61.55%