HOOZ vs. BMNZ

Last updated Jun 27, 2026

HOOZ (Defiance Daily Target 2X Short HOOD ETF) and BMNZ (Defiance Daily Target 2X Short BMNR ETF) are both Inverse Equities funds from Defiance - HOOZ tracks the Robinhood Markets, Inc. while BMNZ tracks the BitMine Immersion Technologies, Inc.. Both are passively managed. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 1.31% expense ratio.

Performance

HOOZ vs. BMNZ - 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 Daily Target 2X Short BMNR ETF (BMNZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOOZ achieves a -43.35% return, which is significantly lower than BMNZ's 25.58% return.

HOOZ

• 1D: -11.54%
• 1M: -52.19%
• YTD: -43.35%
• 6M: -38.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNZ

• 1D: -3.38%
• 1M: 63.31%
• YTD: 25.58%
• 6M: 35.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOZ vs. BMNZ - Yearly Performance Comparison

	2026 (YTD)	2025
HOOZ Defiance Daily Target 2X Short HOOD ETF	-43.35%	2.80%
BMNZ Defiance Daily Target 2X Short BMNR ETF	25.58%	15.30%

Correlation

The correlation between HOOZ and BMNZ is 0.73, 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 Nov 13, 2025	0.73

Return for Risk

HOOZ vs. BMNZ - 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 Daily Target 2X Short BMNR ETF (BMNZ). 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.

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

Drawdowns

HOOZ vs. BMNZ - Drawdown Comparison

The maximum HOOZ drawdown since its inception was -77.16%, which is greater than BMNZ's maximum drawdown of -70.80%. Use the drawdown chart below to compare losses from any high point for HOOZ and BMNZ.

Drawdown Indicators

	HOOZ	BMNZ	Difference
Max Drawdown Largest peak-to-trough decline	-77.16%	-70.80%	-6.36%
Current Drawdown Current decline from peak	-73.37%	-29.69%	-43.68%
Average Drawdown Average peak-to-trough decline	-32.87%	-50.51%	+17.64%

Volatility

Volatility by Period

	HOOZ	BMNZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	145.36%	186.51%	-41.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.36%	186.51%	-41.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.36%	186.51%	-41.15%

HOOZ vs. BMNZ - Expense Ratio Comparison

Both HOOZ and BMNZ have an expense ratio of 1.31%.

Dividends

HOOZ vs. BMNZ - Dividend Comparison

Neither HOOZ nor BMNZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HOOZ and BMNZ in my portfolio?

HOOZ and BMNZ have a correlation of 0.73, 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 BMNZ?

Both ETFs have the same 1.31% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOOZ or BMNZ?

HOOZ and BMNZ have the same expense ratio: 1.31% per year.

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

HOOZ and BMNZ have nearly identical dividend yields, around 0.00%.

What is the main difference between HOOZ and BMNZ?

HOOZ tracks Robinhood Markets, Inc., while BMNZ tracks BitMine Immersion Technologies, Inc..