HOOX vs. USO
HOOX (Defiance Daily Target 2X Long HOOD ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - HOOX is a Leveraged Equities fund actively managed by Defiance, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. HOOX is actively managed, while USO is passively managed. Over the past year, HOOX returned -31.77% vs 101.55% for USO. At a correlation of -0.10, they often move in opposite directions. HOOX charges 1.31%/yr vs 0.86%/yr for USO.
Performance
HOOX vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, HOOX achieves a -60.76% return, which is significantly lower than USO's 103.67% return.
HOOX
- 1D
- -12.45%
- 1M
- 10.42%
- YTD
- -60.76%
- 6M
- -72.98%
- 1Y
- -31.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USO
- 1D
- 2.62%
- 1M
- -4.57%
- YTD
- 103.67%
- 6M
- 99.35%
- 1Y
- 101.55%
- 3Y*
- 29.98%
- 5Y*
- 24.41%
- 10Y*
- 4.07%
HOOX vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOX Defiance Daily Target 2X Long HOOD ETF | -60.76% | 312.21% |
USO United States Oil Fund LP | 103.67% | -4.50% |
Correlation
The correlation between HOOX and USO is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025 | -0.10 |
The correlation between HOOX and USO shifts across timeframes, from -0.20 (1 year) to -0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HOOX vs. USO — Risk / Return Rank
HOOX
USO
HOOX vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long HOOD ETF (HOOX) and United States Oil Fund LP (USO). 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 | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.38 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 5.01 | -5.37 |
| Martin ratioReturn relative to average drawdown | -0.60 | 9.42 | -10.01 |
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 | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | 2.31 | -2.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | -0.18 | +0.52 |
Drawdowns
HOOX vs. USO - Drawdown Comparison
The maximum HOOX drawdown since its inception was -87.11%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for HOOX and USO.
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Drawdown Indicators
| HOOX | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.11% | -98.19% | +11.08% |
Max Drawdown (1Y)Largest decline over 1 year | -87.11% | -20.39% | -66.72% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.75% | — |
Current DrawdownCurrent decline from peak | -81.84% | -85.01% | +3.17% |
Average DrawdownAverage peak-to-trough decline | -37.46% | -75.30% | +37.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.44% | 10.82% | +42.62% |
Volatility
HOOX vs. USO - Volatility Comparison
Defiance Daily Target 2X Long HOOD ETF (HOOX) has a higher volatility of 41.73% compared to United States Oil Fund LP (USO) at 14.87%. This indicates that HOOX's price experiences larger fluctuations and is considered to be riskier than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOOX | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 41.73% | 14.87% | +26.86% |
Volatility (6M)Calculated over the trailing 6-month period | 101.05% | 38.23% | +62.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 137.62% | 44.20% | +93.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 144.08% | 36.06% | +108.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.08% | 39.00% | +105.08% |
HOOX vs. USO - Expense Ratio Comparison
HOOX has a 1.31% expense ratio, which is higher than USO's 0.86% expense ratio.
Dividends
HOOX vs. USO - Dividend Comparison
HOOX's dividend yield for the trailing twelve months is around 35.99%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
HOOX Defiance Daily Target 2X Long HOOD ETF | 35.99% | 14.12% |
USO United States Oil Fund LP | 0.00% | 0.00% |
Frequently Asked Questions
HOOX and USO have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HOOX has higher volatility (41.73%) compared to USO (14.87%). In terms of maximum drawdown, HOOX dropped -87.11% vs USO's -98.19%.
On 1-year performance, USO leads with 101.55% vs -31.77% for HOOX. On fees, USO is cheaper at 0.86% per year. On volatility, USO has been the lower-risk option at 14.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USO has performed better with a 101.55% return vs -31.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USO is cheaper with a 0.86% expense ratio, compared with 1.31% for HOOX.
HOOX has the higher dividend yield at 35.99%, compared with 0.00% for USO.
HOOX is categorized as Leveraged Equities, while USO is Oil & Gas. They also come from different issuers: Defiance and USCF. Their fees differ too: 1.31% for HOOX and 0.86% for USO.
USO currently has the higher Sharpe Ratio (2.31 vs -0.23), 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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