HOOX vs. VOO

Last updated Jun 4, 2026

HOOX (Defiance Daily Target 2X Long HOOD ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - HOOX is a Leveraged Equities fund actively managed by Defiance, while VOO is a S&P 500 fund tracking the S&P 500 Index. HOOX is actively managed, while VOO is passively managed. Over the past year, HOOX returned -31.77% vs 28.04% for VOO. A 0.62 correlation means they provide meaningful diversification when combined. HOOX charges 1.31%/yr vs 0.03%/yr for VOO.

Performance

HOOX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long HOOD ETF (HOOX) and Vanguard S&P 500 ETF (VOO). 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 VOO's 10.91% return.

HOOX

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

VOO

• 1D: -0.70%
• 1M: 5.04%
• YTD: 10.91%
• 6M: 10.93%
• 1Y: 28.04%
• 3Y*: 22.44%
• 5Y*: 13.90%
• 10Y*: 15.56%

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

HOOX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025
HOOX Defiance Daily Target 2X Long HOOD ETF	-60.76%	312.21%
VOO Vanguard S&P 500 ETF	10.91%	21.77%

Correlation

The correlation between HOOX and VOO is 0.59, 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	0.59
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.62

The correlation between HOOX and VOO has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.

HOOX vs. VOO - Sectors Allocation Comparison

Sectors	HOOX	VOO
Financial Services	100.0%	11.6%
Basic Materials	-	1.8%
Communication Services	-	11.3%
Consumer Cyclical	-	10.2%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Healthcare	-	8.5%
Industrials	-	8.3%
Real Estate	-	1.9%
Technology	-	35.7%
Utilities	-	2.4%

Return for Risk

HOOX vs. VOO — 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

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 70
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long HOOD ETF (HOOX) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	-0.23	2.39	-2.62
Sortino ratio: Return per unit of downside risk	0.60	3.25	-2.65
Omega ratio: Gain probability vs. loss probability	1.07	1.43	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.37	3.16	-3.53
Martin ratio: Return relative to average drawdown	-0.60	14.73	-15.32
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. VOO - Sharpe Ratio Comparison

The current HOOX Sharpe Ratio is -0.23, which is lower than the VOO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of HOOX and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HOOX	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.23	2.39	-2.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.89	-0.55

Drawdowns

HOOX vs. VOO - Drawdown Comparison

The maximum HOOX drawdown since its inception was -87.11%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for HOOX and VOO.

Drawdown Indicators

	HOOX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-87.11%	-33.99%	-53.12%
Max Drawdown (1Y) Largest decline over 1 year	-87.11%	-8.90%	-78.21%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-81.84%	-0.70%	-81.14%
Average Drawdown Average peak-to-trough decline	-37.46%	-3.69%	-33.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.44%	1.91%	+51.53%

Volatility

HOOX vs. VOO - Volatility Comparison

Defiance Daily Target 2X Long HOOD ETF (HOOX) has a higher volatility of 41.73% compared to Vanguard S&P 500 ETF (VOO) at 2.84%. This indicates that HOOX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.73%	2.84%	+38.89%
Volatility (6M) Calculated over the trailing 6-month period	101.05%	8.90%	+92.15%
Volatility (1Y) Calculated over the trailing 1-year period	137.62%	11.80%	+125.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	144.08%	16.81%	+127.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.08%	18.01%	+126.07%

HOOX vs. VOO - Expense Ratio Comparison

HOOX has a 1.31% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

HOOX vs. VOO - Dividend Comparison

HOOX's dividend yield for the trailing twelve months is around 35.99%, more than VOO's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HOOX Defiance Daily Target 2X Long HOOD ETF	35.99%	14.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.03%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both HOOX and VOO in my portfolio?

HOOX and VOO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOOX or VOO?

HOOX has higher volatility (41.73%) compared to VOO (2.84%). In terms of maximum drawdown, HOOX dropped -87.11% vs VOO's -33.99%.

Which ETF is better, HOOX or VOO?

On 1-year performance, VOO leads with 28.04% vs -31.77% for HOOX. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOX or VOO?

Over the 1-year period, VOO has performed better with a 28.04% return vs -31.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOX or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 1.31% for HOOX.

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

HOOX has the higher dividend yield at 35.99%, compared with 1.03% for VOO.

What is the main difference between HOOX and VOO?

HOOX is categorized as Leveraged Equities, while VOO is S&P 500. They also come from different issuers: Defiance and Vanguard. Their fees differ too: 1.31% for HOOX and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.39 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.