HOOZ vs. XMAG

Last updated Jul 17, 2026

HOOZ (Defiance Daily Target 2X Short HOOD ETF) and XMAG (Defiance Large Cap ex-Mag 7 ETF) are both exchange-traded funds - HOOZ is a Inverse Equities fund tracking the Robinhood Markets, Inc., while XMAG is a Large Cap Blend Equities fund tracking the BITA US 500 ex Magnificent 7 Index. Both are passively managed. At a correlation of -0.46, they often move in opposite directions. HOOZ charges 1.31%/yr vs 0.35%/yr for XMAG.

Performance

HOOZ vs. XMAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short HOOD ETF (HOOZ) and Defiance Large Cap ex-Mag 7 ETF (XMAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOOZ achieves a -54.21% return, which is significantly lower than XMAG's 12.34% return.

HOOZ

• 1D: 16.13%
• 1M: -26.74%
• 6M: -54.35%
• YTD: -54.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XMAG

• 1D: -0.41%
• 1M: -0.67%
• 6M: 9.96%
• YTD: 12.34%
• 1Y: 20.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOZ vs. XMAG - Yearly Performance Comparison

	2026 (YTD)	2025
HOOZ Defiance Daily Target 2X Short HOOD ETF	-54.21%	2.80%
XMAG Defiance Large Cap ex-Mag 7 ETF	12.34%	0.58%

Correlation

The correlation between HOOZ and XMAG is -0.46, 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	-0.46

Return for Risk

HOOZ vs. XMAG — 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.

XMAG

XMAG Risk / Return Rank: 69
XMAG Sharpe Ratio Rank: 65
XMAG Sortino Ratio Rank: 68
XMAG Omega Ratio Rank: 61
XMAG Calmar Ratio Rank: 69
XMAG Martin Ratio Rank: 80

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. XMAG - 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 Large Cap ex-Mag 7 ETF (XMAG). 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	XMAG	Difference
Sharpe ratio: Return per unit of total volatility	—	1.72	—
Sortino ratio: Return per unit of downside risk	—	2.48	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.79	—
Martin ratio: Return relative to average drawdown	—	12.02	—

Drawdowns

HOOZ vs. XMAG - Drawdown Comparison

The maximum HOOZ drawdown since its inception was -81.86%, which is greater than XMAG's maximum drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for HOOZ and XMAG.

Drawdown Indicators

	HOOZ	XMAG	Difference
Max Drawdown Largest peak-to-trough decline	-81.86%	-16.17%	-65.69%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.29%	—
Current Drawdown Current decline from peak	-78.48%	-2.78%	-75.70%
Average Drawdown Average peak-to-trough decline	-36.49%	-2.05%	-34.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.69%	—

Volatility

Volatility by Period

	HOOZ	XMAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	144.22%	11.82%	+132.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	144.22%	15.08%	+129.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.22%	15.08%	+129.14%

HOOZ vs. XMAG - Expense Ratio Comparison

HOOZ has a 1.31% expense ratio, which is higher than XMAG's 0.35% expense ratio.

Dividends

HOOZ vs. XMAG - Dividend Comparison

HOOZ has not paid dividends to shareholders, while XMAG's dividend yield for the trailing twelve months is around 0.46%.

Position	TTM	2025	2024
HOOZ Defiance Daily Target 2X Short HOOD ETF	0.00%	0.00%	0.00%
XMAG Defiance Large Cap ex-Mag 7 ETF	0.46%	0.51%	0.24%

Frequently Asked Questions

Can I hold both HOOZ and XMAG in my portfolio?

HOOZ and XMAG have a correlation of -0.46, 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 XMAG?

On fees, XMAG is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOOZ or XMAG?

XMAG is cheaper with a 0.35% expense ratio, compared with 1.31% for HOOZ.

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

XMAG has the higher dividend yield at 0.46%, compared with 0.00% for HOOZ.

What is the main difference between HOOZ and XMAG?

HOOZ is categorized as Inverse Equities, while XMAG is Large Cap Blend Equities. HOOZ tracks Robinhood Markets, Inc., while XMAG tracks BITA US 500 ex Magnificent 7 Index. Their fees differ too: 1.31% for HOOZ and 0.35% for XMAG.