HOOZ vs. SEF

Last updated Jun 27, 2026

HOOZ (Defiance Daily Target 2X Short HOOD ETF) and SEF (ProShares Short Financials) are both Inverse Equities funds - HOOZ tracks the Robinhood Markets, Inc. while SEF tracks the Dow Jones U.S. Financials Index (-100%). Both are passively managed. At a 0.38 correlation, their price movements are largely independent. HOOZ charges 1.31%/yr vs 0.95%/yr for SEF.

Performance

HOOZ vs. SEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short HOOD ETF (HOOZ) and ProShares Short Financials (SEF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOOZ achieves a -43.35% return, which is significantly lower than SEF's 3.40% return.

HOOZ

• 1D: -11.54%
• 1M: -52.19%
• YTD: -43.35%
• 6M: -38.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SEF

• 1D: -0.29%
• 1M: -3.97%
• YTD: 3.40%
• 6M: 4.97%
• 1Y: -0.14%
• 3Y*: -11.79%
• 5Y*: -6.47%
• 10Y*: -12.43%

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

HOOZ vs. SEF - Yearly Performance Comparison

	2026 (YTD)	2025
HOOZ Defiance Daily Target 2X Short HOOD ETF	-43.35%	2.80%
SEF ProShares Short Financials	3.40%	-1.76%

Correlation

The correlation between HOOZ and SEF is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025	0.38

Return for Risk

HOOZ vs. SEF — Risk / Return Rank

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

HOOZ

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

SEF

SEF Risk / Return Rank: 9
SEF Sharpe Ratio Rank: 9
SEF Sortino Ratio Rank: 8
SEF Omega Ratio Rank: 8
SEF Calmar Ratio Rank: 9
SEF Martin Ratio Rank: 9

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. SEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short HOOD ETF (HOOZ) and ProShares Short Financials (SEF). 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	SEF	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.01	—
Sortino ratio: Return per unit of downside risk	—	0.09	—
Omega ratio: Gain probability vs. loss probability	—	1.01	—
Calmar ratio: Return relative to maximum drawdown	—	-0.01	—
Martin ratio: Return relative to average drawdown	—	-0.03	—

Drawdowns

HOOZ vs. SEF - Drawdown Comparison

The maximum HOOZ drawdown since its inception was -77.16%, smaller than the maximum SEF drawdown of -96.51%. Use the drawdown chart below to compare losses from any high point for HOOZ and SEF.

Drawdown Indicators

	HOOZ	SEF	Difference
Max Drawdown Largest peak-to-trough decline	-77.16%	-96.51%	+19.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.14%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-39.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.62%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-74.59%	—
Current Drawdown Current decline from peak	-73.37%	-96.29%	+22.92%
Average Drawdown Average peak-to-trough decline	-32.87%	-82.75%	+49.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.81%	—

Volatility

Volatility by Period

	HOOZ	SEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.98%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	145.36%	14.38%	+130.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.36%	17.96%	+127.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.36%	20.46%	+124.90%

HOOZ vs. SEF - Expense Ratio Comparison

HOOZ has a 1.31% expense ratio, which is higher than SEF's 0.95% expense ratio.

Dividends

HOOZ vs. SEF - Dividend Comparison

HOOZ has not paid dividends to shareholders, while SEF's dividend yield for the trailing twelve months is around 3.25%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HOOZ Defiance Daily Target 2X Short HOOD ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SEF ProShares Short Financials	3.25%	4.33%	5.72%	4.43%	0.39%	0.00%	0.12%	1.25%	0.41%

Frequently Asked Questions

Can I hold both HOOZ and SEF in my portfolio?

HOOZ and SEF have a correlation of 0.38, 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 SEF?

On fees, SEF is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOOZ or SEF?

SEF is cheaper with a 0.95% expense ratio, compared with 1.31% for HOOZ.

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

SEF has the higher dividend yield at 3.25%, compared with 0.00% for HOOZ.

What is the main difference between HOOZ and SEF?

HOOZ tracks Robinhood Markets, Inc., while SEF tracks Dow Jones U.S. Financials Index (-100%). They also come from different issuers: Defiance and ProShares. Their fees differ too: 1.31% for HOOZ and 0.95% for SEF.