HOOZ vs. MSTX
HOOZ (Defiance Daily Target 2X Short HOOD ETF) and MSTX (Defiance Daily Target 2X Long MSTR ETF) are both exchange-traded funds - HOOZ is a Inverse Equities fund tracking the Robinhood Markets, Inc., while MSTX is a Leveraged Equities fund actively managed by Defiance. HOOZ is passively managed, while MSTX is actively managed. At a correlation of -0.68, they often move in opposite directions. HOOZ charges 1.31%/yr vs 1.29%/yr for MSTX.
Performance
HOOZ vs. MSTX - Performance Comparison
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Returns By Period
In the year-to-date period, HOOZ achieves a -43.35% return, which is significantly higher than MSTX's -82.44% return.
HOOZ
- 1D
- -11.54%
- 1M
- -52.19%
- YTD
- -43.35%
- 6M
- -38.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTX
- 1D
- -7.78%
- 1M
- -74.50%
- YTD
- -82.44%
- 6M
- -83.94%
- 1Y
- -98.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOZ vs. MSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOZ Defiance Daily Target 2X Short HOOD ETF | -43.35% | 2.80% |
MSTX Defiance Daily Target 2X Long MSTR ETF | -82.44% | -58.91% |
Correlation
The correlation between HOOZ and MSTX is -0.68, 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 | -0.68 |
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Return for Risk
HOOZ vs. MSTX — Risk / Return Rank
HOOZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MSTX
HOOZ vs. MSTX - 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 Long MSTR ETF (MSTX). 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 | MSTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.72 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -1.00 | — |
| Martin ratioReturn relative to average drawdown | — | -1.24 | — |
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Drawdowns
HOOZ vs. MSTX - Drawdown Comparison
The maximum HOOZ drawdown since its inception was -77.16%, smaller than the maximum MSTX drawdown of -99.46%. Use the drawdown chart below to compare losses from any high point for HOOZ and MSTX.
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Drawdown Indicators
| HOOZ | MSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.16% | -99.46% | +22.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -98.63% | — |
Current DrawdownCurrent decline from peak | -73.37% | -99.46% | +26.09% |
Average DrawdownAverage peak-to-trough decline | -32.87% | -70.79% | +37.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 79.12% | — |
Volatility
HOOZ vs. MSTX - Volatility Comparison
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Volatility by Period
| HOOZ | MSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 49.59% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 117.88% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 145.36% | 145.60% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 145.36% | 167.73% | -22.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 145.36% | 167.73% | -22.37% |
HOOZ vs. MSTX - Expense Ratio Comparison
HOOZ has a 1.31% expense ratio, which is higher than MSTX's 1.29% expense ratio.
Dividends
HOOZ vs. MSTX - Dividend Comparison
Neither HOOZ nor MSTX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HOOZ Defiance Daily Target 2X Short HOOD ETF | 0.00% | 0.00% | 0.00% |
MSTX Defiance Daily Target 2X Long MSTR ETF | 0.00% | 0.00% | 41.01% |
Frequently Asked Questions
HOOZ and MSTX have a correlation of -0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSTX is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSTX is cheaper with a 1.29% expense ratio, compared with 1.31% for HOOZ.
HOOZ and MSTX have nearly identical dividend yields, around 0.00%.
HOOZ is categorized as Inverse Equities, while MSTX is Leveraged Equities. Their fees differ too: 1.31% for HOOZ and 1.29% for MSTX.
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