HOOY vs. HOII

Last updated Jun 23, 2026

HOOY (YieldMax HOOD Option Income Strategy ETF) and HOII (REX HOOD Growth & Income ETF) are both Derivative Income funds. Both are actively managed. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.99% expense ratio.

Performance

HOOY vs. HOII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax HOOD Option Income Strategy ETF (HOOY) and REX HOOD Growth & Income ETF (HOII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOOY achieves a -4.01% return, which is significantly lower than HOII's 19,132.59% return.

HOOY

• 1D: -1.93%
• 1M: 30.43%
• YTD: -4.01%
• 6M: -9.91%
• 1Y: 20.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOII

• 1D: 0.00%
• 1M: 30,031.23%
• YTD: 19,132.59%
• 6M: 17,760.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOY vs. HOII - Yearly Performance Comparison

	2026 (YTD)	2025
HOOY YieldMax HOOD Option Income Strategy ETF	-4.01%	-21.95%
HOII REX HOOD Growth & Income ETF	19,132.59%	-23.54%

Correlation

The correlation between HOOY and HOII is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025	0.96

Return for Risk

HOOY vs. HOII — Risk / Return Rank

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

HOOY

HOOY Risk / Return Rank: 14
HOOY Sharpe Ratio Rank: 14
HOOY Sortino Ratio Rank: 16
HOOY Omega Ratio Rank: 17
HOOY Calmar Ratio Rank: 13
HOOY Martin Ratio Rank: 11

HOII

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

HOOY vs. HOII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax HOOD Option Income Strategy ETF (HOOY) and REX HOOD Growth & Income ETF (HOII). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HOOY	HOII	Difference
Sharpe ratio: Return per unit of total volatility	0.37	—	—
Sortino ratio: Return per unit of downside risk	0.89	—	—
Omega ratio: Gain probability vs. loss probability	1.11	—	—
Calmar ratio: Return relative to maximum drawdown	0.40	—	—
Martin ratio: Return relative to average drawdown	0.71	—	—

Drawdowns

HOOY vs. HOII - Drawdown Comparison

The maximum HOOY drawdown since its inception was -51.54%, smaller than the maximum HOII drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for HOOY and HOII.

Drawdown Indicators

	HOOY	HOII	Difference
Max Drawdown Largest peak-to-trough decline	-51.54%	-55.38%	+3.84%
Max Drawdown (1Y) Largest decline over 1 year	-51.54%	—	—
Current Drawdown Current decline from peak	-28.47%	0.00%	-28.47%
Average Drawdown Average peak-to-trough decline	-20.72%	-36.68%	+15.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.25%	—	—

Volatility

Volatility by Period

	HOOY	HOII	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	41.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	56.31%	34,045.59%	-33,989.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.51%	34,045.59%	-33,991.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.51%	34,045.59%	-33,991.08%

HOOY vs. HOII - Expense Ratio Comparison

Both HOOY and HOII have an expense ratio of 0.99%.

Dividends

HOOY vs. HOII - Dividend Comparison

HOOY's dividend yield for the trailing twelve months is around 144.93%, more than HOII's 120.87% yield.

Position	TTM	2025
HOII REX HOOD Growth & Income ETF	120.87%	4.41%
HOOY YieldMax HOOD Option Income Strategy ETF	144.93%	82.87%

Frequently Asked Questions

Can I hold both HOOY and HOII in my portfolio?

With a correlation of 0.96, HOOY and HOII move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, HOOY or HOII?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOOY or HOII?

HOOY and HOII have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, HOOY or HOII?

HOOY has the higher dividend yield at 144.93%, compared with 120.87% for HOII.

What is the main difference between HOOY and HOII?

They also come from different issuers: YieldMax and REX.