HOOZ vs. GLDY

Last updated Jun 6, 2026

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 -0.36, they often move in opposite directions. HOOZ charges 1.31%/yr vs 0.99%/yr for GLDY.

Performance

HOOZ vs. GLDY - 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 Gold Enhanced Options Income ETF (GLDY). 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 GLDY's -5.06% return.

HOOZ

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

GLDY

• 1D: -3.20%
• 1M: -6.81%
• YTD: -5.06%
• 6M: -3.13%
• 1Y: 10.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOZ vs. GLDY - Yearly Performance Comparison

	2026 (YTD)	2025
HOOZ Defiance Daily Target 2X Short HOOD ETF	-11.18%	-2.76%
GLDY Defiance Gold Enhanced Options Income ETF	-5.06%	2.98%

Correlation

The correlation between HOOZ and GLDY is -0.36, 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	-0.36

Return for Risk

HOOZ vs. GLDY — Risk / Return Rank

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

GLDY

GLDY Risk / Return Rank: 18
GLDY Sharpe Ratio Rank: 18
GLDY Sortino Ratio Rank: 16
GLDY Omega Ratio Rank: 20
GLDY Calmar Ratio Rank: 18
GLDY Martin Ratio Rank: 18

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.

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.

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

Sharpe Ratios by Period

	HOOZ	GLDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.16	0.41	-0.57

Drawdowns

HOOZ vs. GLDY - Drawdown Comparison

The maximum HOOZ drawdown since its inception was -66.52%, which is greater than GLDY's maximum drawdown of -15.57%. Use the drawdown chart below to compare losses from any high point for HOOZ and GLDY.

Drawdown Indicators

	HOOZ	GLDY	Difference
Max Drawdown Largest peak-to-trough decline	-66.52%	-15.57%	-50.95%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.57%	—
Current Drawdown Current decline from peak	-58.26%	-15.57%	-42.69%
Average Drawdown Average peak-to-trough decline	-29.37%	-3.98%	-25.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.75%	—

Volatility

Volatility by Period

	HOOZ	GLDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	146.04%	20.12%	+125.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.04%	19.75%	+126.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.04%	19.75%	+126.29%

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 48.65%.

Position	TTM	2025
GLDY Defiance Gold Enhanced Options Income ETF	48.65%	37.38%
HOOZ Defiance Daily Target 2X Short HOOD ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both HOOZ and GLDY in my portfolio?

HOOZ and GLDY have a correlation of -0.36, 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 GLDY?

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.

Which ETF is cheaper, HOOZ or GLDY?

GLDY is cheaper with a 0.99% expense ratio, compared with 1.31% for HOOZ.

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

GLDY has the higher dividend yield at 48.65%, compared with 0.00% for HOOZ.

What is the main difference between HOOZ and GLDY?

HOOZ is categorized as Inverse Equities, while GLDY is Derivative Income. Their fees differ too: 1.31% for HOOZ and 0.99% for GLDY.