HOOX vs. TSYX
HOOX (Defiance Daily Target 2X Long HOOD ETF) and TSYX (TSPY Lift ETF) are both Leveraged Equities funds. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined. HOOX charges 1.31%/yr vs 0.98%/yr for TSYX.
Performance
HOOX vs. TSYX - Performance Comparison
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Returns By Period
HOOX
- 1D
- -12.45%
- 1M
- 10.42%
- YTD
- -60.76%
- 6M
- -72.98%
- 1Y
- -31.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSYX
- 1D
- -0.16%
- 1M
- 6.87%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOX vs. TSYX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
HOOX Defiance Daily Target 2X Long HOOD ETF | -63.00% |
TSYX TSPY Lift ETF | 8.70% |
Correlation
The correlation between HOOX and TSYX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 8, 2026 | 0.63 |
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Return for Risk
HOOX vs. TSYX — Risk / Return Rank
HOOX
TSYX
HOOX vs. TSYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long HOOD ETF (HOOX) and TSPY Lift ETF (TSYX). 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 | TSYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.07 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | — | — |
| Martin ratioReturn 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. | |||
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Sharpe Ratios by Period
| HOOX | TSYX | 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 | 1.28 | -0.94 |
Drawdowns
HOOX vs. TSYX - Drawdown Comparison
The maximum HOOX drawdown since its inception was -87.11%, which is greater than TSYX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for HOOX and TSYX.
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Drawdown Indicators
| HOOX | TSYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.11% | -13.39% | -73.72% |
Max Drawdown (1Y)Largest decline over 1 year | -87.11% | — | — |
Current DrawdownCurrent decline from peak | -81.84% | -0.16% | -81.68% |
Average DrawdownAverage peak-to-trough decline | -37.46% | -2.97% | -34.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.44% | — | — |
Volatility
HOOX vs. TSYX - Volatility Comparison
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Volatility by Period
| HOOX | TSYX | 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% | 18.21% | +119.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 144.08% | 18.21% | +125.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.08% | 18.21% | +125.87% |
HOOX vs. TSYX - Expense Ratio Comparison
HOOX has a 1.31% expense ratio, which is higher than TSYX's 0.98% expense ratio.
Dividends
HOOX vs. TSYX - Dividend Comparison
HOOX's dividend yield for the trailing twelve months is around 35.99%, more than TSYX's 6.17% yield.
| Position | TTM | 2025 |
|---|---|---|
HOOX Defiance Daily Target 2X Long HOOD ETF | 35.99% | 14.12% |
TSYX TSPY Lift ETF | 6.17% | 0.00% |
Frequently Asked Questions
HOOX and TSYX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSYX is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSYX is cheaper with a 0.98% expense ratio, compared with 1.31% for HOOX.
HOOX has the higher dividend yield at 35.99%, compared with 6.17% for TSYX.
They also come from different issuers: Defiance and TappAlpha. Their fees differ too: 1.31% for HOOX and 0.98% for TSYX.
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