HOOZ vs. USOY
HOOZ (Defiance Daily Target 2X Short HOOD ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - HOOZ is a Inverse Equities fund tracking the Robinhood Markets, Inc., while USOY is a Derivative Income fund actively managed by Defiance. HOOZ is passively managed, while USOY is actively managed. At a 0.21 correlation, their price movements are largely independent. HOOZ charges 1.31%/yr vs 1.22%/yr for USOY.
Performance
HOOZ vs. USOY - 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 USOY's 29.48% return.
HOOZ
- 1D
- -11.54%
- 1M
- -52.19%
- YTD
- -43.35%
- 6M
- -38.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USOY
- 1D
- -2.45%
- 1M
- -15.42%
- YTD
- 29.48%
- 6M
- 31.13%
- 1Y
- 26.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOZ vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOZ Defiance Daily Target 2X Short HOOD ETF | -43.35% | 2.80% |
USOY Defiance Oil Enhanced Options Income ETF | 29.48% | 0.83% |
Correlation
The correlation between HOOZ and USOY 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. USOY — Risk / Return Rank
HOOZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USOY
HOOZ vs. USOY - 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 Oil Enhanced Options Income ETF (USOY). 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 | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.07 | — |
| Martin ratioReturn relative to average drawdown | — | 3.77 | — |
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Drawdowns
HOOZ vs. USOY - Drawdown Comparison
The maximum HOOZ drawdown since its inception was -77.16%, which is greater than USOY's maximum drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for HOOZ and USOY.
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Drawdown Indicators
| HOOZ | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.16% | -24.40% | -52.76% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.40% | — |
Current DrawdownCurrent decline from peak | -73.37% | -24.24% | -49.13% |
Average DrawdownAverage peak-to-trough decline | -32.87% | -6.73% | -26.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.92% | — |
Volatility
HOOZ vs. USOY - Volatility Comparison
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Volatility by Period
| HOOZ | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.08% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 28.97% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 145.36% | 31.28% | +114.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 145.36% | 26.71% | +118.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 145.36% | 26.71% | +118.65% |
HOOZ vs. USOY - Expense Ratio Comparison
HOOZ has a 1.31% expense ratio, which is higher than USOY's 1.22% expense ratio.
Dividends
HOOZ vs. USOY - Dividend Comparison
HOOZ has not paid dividends to shareholders, while USOY's dividend yield for the trailing twelve months is around 69.64%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HOOZ Defiance Daily Target 2X Short HOOD ETF | 0.00% | 0.00% | 0.00% |
USOY Defiance Oil Enhanced Options Income ETF | 69.64% | 104.32% | 48.60% |
Frequently Asked Questions
HOOZ and USOY 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, USOY is cheaper at 1.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USOY is cheaper with a 1.22% expense ratio, compared with 1.31% for HOOZ.
USOY has the higher dividend yield at 69.64%, compared with 0.00% for HOOZ.
HOOZ is categorized as Inverse Equities, while USOY is Derivative Income. Their fees differ too: 1.31% for HOOZ and 1.22% for USOY.
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