HOOZ vs. GLDY
HOOZ (Defiance Daily Target 2X Short HOOD ETF) and GLDY (Defiance Gold Enhanced Options Income ETF) are both exchange-traded funds - HOOZ is a Inverse Equities fund tracking the Robinhood Markets, Inc., while GLDY is a Derivative Income fund actively managed by Defiance. HOOZ is passively managed, while GLDY is actively managed. At a correlation of -0.32, they often move in opposite directions. HOOZ charges 1.31%/yr vs 0.99%/yr for GLDY.
Performance
HOOZ vs. GLDY - Performance Comparison
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Returns By Period
In the year-to-date period, HOOZ achieves a -43.35% return, which is significantly lower than GLDY's -10.12% return.
HOOZ
- 1D
- -11.54%
- 1M
- -52.19%
- YTD
- -43.35%
- 6M
- -38.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDY
- 1D
- 0.87%
- 1M
- -7.71%
- YTD
- -10.12%
- 6M
- -13.68%
- 1Y
- 3.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOZ vs. GLDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOZ Defiance Daily Target 2X Short HOOD ETF | -43.35% | 2.80% |
GLDY Defiance Gold Enhanced Options Income ETF | -10.12% | 2.86% |
Correlation
The correlation between HOOZ and GLDY is -0.32, 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 13, 2025 | -0.32 |
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Return for Risk
HOOZ vs. GLDY — Risk / Return Rank
HOOZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GLDY
HOOZ vs. GLDY - 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 Gold Enhanced Options Income ETF (GLDY). 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.
| HOOZ | GLDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.05 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.13 | — |
| Martin ratioReturn relative to average drawdown | — | 0.45 | — |
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Drawdowns
HOOZ vs. GLDY - Drawdown Comparison
The maximum HOOZ drawdown since its inception was -77.16%, which is greater than GLDY's maximum drawdown of -25.90%. Use the drawdown chart below to compare losses from any high point for HOOZ and GLDY.
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Drawdown Indicators
| HOOZ | GLDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.16% | -25.90% | -51.26% |
Max Drawdown (1Y)Largest decline over 1 year | — | -25.90% | — |
Current DrawdownCurrent decline from peak | -73.37% | -20.08% | -53.29% |
Average DrawdownAverage peak-to-trough decline | -32.87% | -4.63% | -28.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.27% | — |
Volatility
HOOZ vs. GLDY - Volatility Comparison
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Volatility by Period
| HOOZ | GLDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.20% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 23.42% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 145.36% | 24.80% | +120.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 145.36% | 23.37% | +121.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 145.36% | 23.37% | +121.99% |
HOOZ vs. GLDY - Expense Ratio Comparison
HOOZ has a 1.31% expense ratio, which is higher than GLDY's 0.99% expense ratio.
Dividends
HOOZ vs. GLDY - Dividend Comparison
HOOZ has not paid dividends to shareholders, while GLDY's dividend yield for the trailing twelve months is around 52.07%.
| Position | TTM | 2025 |
|---|---|---|
GLDY Defiance Gold Enhanced Options Income ETF | 52.07% | 37.38% |
HOOZ Defiance Daily Target 2X Short HOOD ETF | 0.00% | 0.00% |
Frequently Asked Questions
HOOZ and GLDY have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDY is cheaper with a 0.99% expense ratio, compared with 1.31% for HOOZ.
GLDY has the higher dividend yield at 52.07%, compared with 0.00% for HOOZ.
HOOZ is categorized as Inverse Equities, while GLDY is Derivative Income. Their fees differ too: 1.31% for HOOZ and 0.99% for GLDY.
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