HOOZ vs. SHRT
HOOZ (Defiance Daily Target 2X Short HOOD ETF) and SHRT (Gotham Short Strategies ETF) are both Inverse Equities funds. HOOZ is passively managed, while SHRT is actively managed. At a 0.21 correlation, their price movements are largely independent. HOOZ charges 1.31%/yr vs 1.35%/yr for SHRT.
Performance
HOOZ vs. SHRT - 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 SHRT's -17.57% return.
HOOZ
- 1D
- -11.54%
- 1M
- -52.19%
- YTD
- -43.35%
- 6M
- -38.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHRT
- 1D
- 0.67%
- 1M
- -2.15%
- YTD
- -17.57%
- 6M
- -17.22%
- 1Y
- -21.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOZ vs. SHRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOZ Defiance Daily Target 2X Short HOOD ETF | -43.35% | 2.80% |
SHRT Gotham Short Strategies ETF | -17.57% | 3.05% |
Correlation
The correlation between HOOZ and SHRT is 0.21, 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 | 0.21 |
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Return for Risk
HOOZ vs. SHRT — Risk / Return Rank
HOOZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SHRT
HOOZ vs. SHRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short HOOD ETF (HOOZ) and Gotham Short Strategies ETF (SHRT). 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 | SHRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.75 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.99 | — |
| Martin ratioReturn relative to average drawdown | — | -2.07 | — |
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Drawdowns
HOOZ vs. SHRT - Drawdown Comparison
The maximum HOOZ drawdown since its inception was -77.16%, which is greater than SHRT's maximum drawdown of -26.57%. Use the drawdown chart below to compare losses from any high point for HOOZ and SHRT.
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Drawdown Indicators
| HOOZ | SHRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.16% | -26.57% | -50.59% |
Max Drawdown (1Y)Largest decline over 1 year | — | -22.11% | — |
Current DrawdownCurrent decline from peak | -73.37% | -26.07% | -47.30% |
Average DrawdownAverage peak-to-trough decline | -32.87% | -8.51% | -24.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.69% | — |
Volatility
HOOZ vs. SHRT - Volatility Comparison
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Volatility by Period
| HOOZ | SHRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.42% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.45% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 145.36% | 13.55% | +131.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 145.36% | 12.84% | +132.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 145.36% | 12.84% | +132.52% |
HOOZ vs. SHRT - Expense Ratio Comparison
HOOZ has a 1.31% expense ratio, which is lower than SHRT's 1.35% expense ratio.
Dividends
HOOZ vs. SHRT - Dividend Comparison
HOOZ has not paid dividends to shareholders, while SHRT's dividend yield for the trailing twelve months is around 0.08%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HOOZ Defiance Daily Target 2X Short HOOD ETF | 0.00% | 0.00% | 0.00% | 0.00% |
SHRT Gotham Short Strategies ETF | 0.08% | 0.07% | 0.85% | 0.27% |
Frequently Asked Questions
HOOZ and SHRT have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HOOZ is cheaper at 1.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HOOZ is cheaper with a 1.31% expense ratio, compared with 1.35% for SHRT.
SHRT has the higher dividend yield at 0.08%, compared with 0.00% for HOOZ.
They also come from different issuers: Defiance and Gotham. Their fees differ too: 1.31% for HOOZ and 1.35% for SHRT.
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