HOOZ vs. AIPO

Last updated Jun 6, 2026

HOOZ (Defiance Daily Target 2X Short HOOD ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - HOOZ is a Inverse Equities fund tracking the Robinhood Markets, Inc., while AIPO is a Technology Equities fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. At a correlation of -0.54, they often move in opposite directions. HOOZ charges 1.31%/yr vs 0.69%/yr for AIPO.

Performance

HOOZ vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short HOOD ETF (HOOZ) and Defiance AI & Power Infrastructure ETF (AIPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOOZ achieves a -11.18% return, which is significantly lower than AIPO's 40.87% return.

HOOZ

• 1D: 13.13%
• 1M: -22.74%
• YTD: -11.18%
• 6M: 15.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: -6.65%
• 1M: -6.45%
• YTD: 40.87%
• 6M: 31.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOZ vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
HOOZ Defiance Daily Target 2X Short HOOD ETF	-11.18%	-2.76%
AIPO Defiance AI & Power Infrastructure ETF	40.87%	-1.46%

Correlation

The correlation between HOOZ and AIPO is -0.54, 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 (All Time) Calculated using the full available price history since Nov 14, 2025	-0.54

Return for Risk

HOOZ vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short HOOD ETF (HOOZ) and Defiance AI & Power Infrastructure ETF (AIPO). 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.

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

Sharpe Ratios by Period

	HOOZ	AIPO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.16	1.85	-2.01

Drawdowns

HOOZ vs. AIPO - Drawdown Comparison

The maximum HOOZ drawdown since its inception was -66.52%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for HOOZ and AIPO.

Drawdown Indicators

	HOOZ	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-66.52%	-17.31%	-49.21%
Current Drawdown Current decline from peak	-58.26%	-8.38%	-49.88%
Average Drawdown Average peak-to-trough decline	-29.37%	-4.39%	-24.98%

Volatility

Volatility by Period

	HOOZ	AIPO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	146.04%	34.75%	+111.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.04%	34.75%	+111.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.04%	34.75%	+111.29%

HOOZ vs. AIPO - Expense Ratio Comparison

HOOZ has a 1.31% expense ratio, which is higher than AIPO's 0.69% expense ratio.

Dividends

HOOZ vs. AIPO - Dividend Comparison

HOOZ has not paid dividends to shareholders, while AIPO's dividend yield for the trailing twelve months is around 0.01%.

Position	TTM	2025
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%
HOOZ Defiance Daily Target 2X Short HOOD ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both HOOZ and AIPO in my portfolio?

HOOZ and AIPO have a correlation of -0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOOZ or AIPO?

On fees, AIPO is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOOZ or AIPO?

AIPO is cheaper with a 0.69% expense ratio, compared with 1.31% for HOOZ.

Which ETF pays a higher dividend yield, HOOZ or AIPO?

AIPO has the higher dividend yield at 0.01%, compared with 0.00% for HOOZ.

What is the main difference between HOOZ and AIPO?

HOOZ is categorized as Inverse Equities, while AIPO is Technology Equities. HOOZ tracks Robinhood Markets, Inc., while AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index. Their fees differ too: 1.31% for HOOZ and 0.69% for AIPO.