HOOZ vs. QQQT
HOOZ (Defiance Daily Target 2X Short HOOD ETF) and QQQT (Defiance Nasdaq 100 Income Target ETF) are both exchange-traded funds - HOOZ is a Inverse Equities fund tracking the Robinhood Markets, Inc., while QQQT is a Nasdaq-100 fund actively managed by Defiance. HOOZ is passively managed, while QQQT is actively managed. At a correlation of -0.56, they often move in opposite directions. HOOZ charges 1.31%/yr vs 1.05%/yr for QQQT.
Performance
HOOZ vs. QQQT - 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 QQQT's 14.52% return.
HOOZ
- 1D
- -11.54%
- 1M
- -52.19%
- YTD
- -43.35%
- 6M
- -38.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQT
- 1D
- -0.58%
- 1M
- -2.48%
- YTD
- 14.52%
- 6M
- 13.14%
- 1Y
- 25.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOZ vs. QQQT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOZ Defiance Daily Target 2X Short HOOD ETF | -43.35% | 2.80% |
QQQT Defiance Nasdaq 100 Income Target ETF | 14.52% | -1.55% |
Correlation
The correlation between HOOZ and QQQT is -0.56, 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 | -0.56 |
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Return for Risk
HOOZ vs. QQQT — Risk / Return Rank
HOOZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQT
HOOZ vs. QQQT - 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 Nasdaq 100 Income Target ETF (QQQT). 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 | QQQT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.98 | — |
| Martin ratioReturn relative to average drawdown | — | 6.75 | — |
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Drawdowns
HOOZ vs. QQQT - Drawdown Comparison
The maximum HOOZ drawdown since its inception was -77.16%, which is greater than QQQT's maximum drawdown of -22.50%. Use the drawdown chart below to compare losses from any high point for HOOZ and QQQT.
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Drawdown Indicators
| HOOZ | QQQT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.16% | -22.50% | -54.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.73% | — |
Current DrawdownCurrent decline from peak | -73.37% | -4.41% | -68.96% |
Average DrawdownAverage peak-to-trough decline | -32.87% | -3.98% | -28.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.74% | — |
Volatility
HOOZ vs. QQQT - Volatility Comparison
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Volatility by Period
| HOOZ | QQQT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.51% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 145.36% | 16.53% | +128.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 145.36% | 20.74% | +124.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 145.36% | 20.74% | +124.62% |
HOOZ vs. QQQT - Expense Ratio Comparison
HOOZ has a 1.31% expense ratio, which is higher than QQQT's 1.05% expense ratio.
Dividends
HOOZ vs. QQQT - Dividend Comparison
HOOZ has not paid dividends to shareholders, while QQQT's dividend yield for the trailing twelve months is around 19.99%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HOOZ Defiance Daily Target 2X Short HOOD ETF | 0.00% | 0.00% | 0.00% |
QQQT Defiance Nasdaq 100 Income Target ETF | 19.99% | 21.27% | 10.35% |
Frequently Asked Questions
HOOZ and QQQT have a correlation of -0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQT is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQT is cheaper with a 1.05% expense ratio, compared with 1.31% for HOOZ.
QQQT has the higher dividend yield at 19.99%, compared with 0.00% for HOOZ.
HOOZ is categorized as Inverse Equities, while QQQT is Nasdaq-100. Their fees differ too: 1.31% for HOOZ and 1.05% for QQQT.
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