HOOZ vs. JEDI

Last updated Jul 17, 2026

HOOZ (Defiance Daily Target 2X Short HOOD ETF) and JEDI (Defiance Drone and Modern Warfare ETF) are both exchange-traded funds - HOOZ is a Inverse Equities fund tracking the Robinhood Markets, Inc., while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. Both are passively managed. At a correlation of -0.55, they often move in opposite directions. HOOZ charges 1.31%/yr vs 0.69%/yr for JEDI.

Performance

HOOZ vs. JEDI - 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 Drone and Modern Warfare ETF (JEDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOOZ achieves a -54.21% return, which is significantly lower than JEDI's -4.33% return.

HOOZ

• 1D: 16.13%
• 1M: -26.74%
• 6M: -54.35%
• YTD: -54.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEDI

• 1D: -6.45%
• 1M: -24.78%
• 6M: -21.69%
• YTD: -4.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOZ vs. JEDI - Yearly Performance Comparison

	2026 (YTD)	2025
HOOZ Defiance Daily Target 2X Short HOOD ETF	-54.21%	2.80%
JEDI Defiance Drone and Modern Warfare ETF	-4.33%	-1.00%

Correlation

The correlation between HOOZ and JEDI is -0.55, 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	-0.55

Return for Risk

HOOZ vs. JEDI - 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 Drone and Modern Warfare ETF (JEDI). 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. JEDI - Drawdown Comparison

The maximum HOOZ drawdown since its inception was -81.86%, which is greater than JEDI's maximum drawdown of -45.26%. Use the drawdown chart below to compare losses from any high point for HOOZ and JEDI.

Drawdown Indicators

	HOOZ	JEDI	Difference
Max Drawdown Largest peak-to-trough decline	-81.86%	-45.26%	-36.60%
Current Drawdown Current decline from peak	-78.48%	-45.26%	-33.22%
Average Drawdown Average peak-to-trough decline	-36.49%	-12.33%	-24.16%

Volatility

Volatility by Period

	HOOZ	JEDI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	144.22%	52.37%	+91.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	144.22%	52.37%	+91.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.22%	52.37%	+91.85%

HOOZ vs. JEDI - Expense Ratio Comparison

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

Dividends

HOOZ vs. JEDI - Dividend Comparison

Neither HOOZ nor JEDI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HOOZ and JEDI in my portfolio?

HOOZ and JEDI have a correlation of -0.55, 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 JEDI?

On fees, JEDI 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 JEDI?

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

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

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

What is the main difference between HOOZ and JEDI?

HOOZ is categorized as Inverse Equities, while JEDI is Aerospace & Defense. HOOZ tracks Robinhood Markets, Inc., while JEDI tracks BITA Drone & Modern Warfare Select Index. Their fees differ too: 1.31% for HOOZ and 0.69% for JEDI.