HOOZ vs. YQQQ

Last updated Jun 27, 2026

HOOZ (Defiance Daily Target 2X Short HOOD ETF) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - HOOZ is a Inverse Equities fund tracking the Robinhood Markets, Inc., while YQQQ is a Derivative Income fund actively managed by YieldMax. HOOZ is passively managed, while YQQQ is actively managed. A 0.58 correlation means they provide meaningful diversification when combined. HOOZ charges 1.31%/yr vs 0.99%/yr for YQQQ.

Performance

HOOZ vs. YQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short HOOD ETF (HOOZ) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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 YQQQ's -6.30% return.

HOOZ

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

YQQQ

• 1D: 0.41%
• 1M: 1.26%
• YTD: -6.30%
• 6M: -5.21%
• 1Y: -10.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOZ vs. YQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
HOOZ Defiance Daily Target 2X Short HOOD ETF	-43.35%	2.80%
YQQQ YieldMax Short N100 Option Income Strategy ETF	-6.30%	2.85%

Correlation

The correlation between HOOZ and YQQQ is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025	0.58

Return for Risk

HOOZ vs. YQQQ — 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.

YQQQ

YQQQ Risk / Return Rank: 4
YQQQ Sharpe Ratio Rank: 4
YQQQ Sortino Ratio Rank: 4
YQQQ Omega Ratio Rank: 4
YQQQ Calmar Ratio Rank: 6
YQQQ Martin Ratio Rank: 4

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. YQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short HOOD ETF (HOOZ) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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	YQQQ	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.74	—
Sortino ratio: Return per unit of downside risk	—	-0.96	—
Omega ratio: Gain probability vs. loss probability	—	0.89	—
Calmar ratio: Return relative to maximum drawdown	—	-0.46	—
Martin ratio: Return relative to average drawdown	—	-1.16	—

Drawdowns

HOOZ vs. YQQQ - Drawdown Comparison

The maximum HOOZ drawdown since its inception was -77.16%, which is greater than YQQQ's maximum drawdown of -29.10%. Use the drawdown chart below to compare losses from any high point for HOOZ and YQQQ.

Drawdown Indicators

	HOOZ	YQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-77.16%	-29.10%	-48.06%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.80%	—
Current Drawdown Current decline from peak	-73.37%	-26.08%	-47.29%
Average Drawdown Average peak-to-trough decline	-32.87%	-14.65%	-18.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.68%	—

Volatility

Volatility by Period

	HOOZ	YQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	145.36%	13.59%	+131.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.36%	16.54%	+128.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.36%	16.54%	+128.82%

HOOZ vs. YQQQ - Expense Ratio Comparison

HOOZ has a 1.31% expense ratio, which is higher than YQQQ's 0.99% expense ratio.

Dividends

HOOZ vs. YQQQ - Dividend Comparison

HOOZ has not paid dividends to shareholders, while YQQQ's dividend yield for the trailing twelve months is around 30.45%.

Position	TTM	2025	2024
HOOZ Defiance Daily Target 2X Short HOOD ETF	0.00%	0.00%	0.00%
YQQQ YieldMax Short N100 Option Income Strategy ETF	30.45%	31.71%	7.88%

Frequently Asked Questions

Can I hold both HOOZ and YQQQ in my portfolio?

HOOZ and YQQQ have a correlation of 0.58, 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 YQQQ?

On fees, YQQQ is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOOZ or YQQQ?

YQQQ is cheaper with a 0.99% expense ratio, compared with 1.31% for HOOZ.

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

YQQQ has the higher dividend yield at 30.45%, compared with 0.00% for HOOZ.

What is the main difference between HOOZ and YQQQ?

HOOZ is categorized as Inverse Equities, while YQQQ is Derivative Income. They also come from different issuers: Defiance and YieldMax. Their fees differ too: 1.31% for HOOZ and 0.99% for YQQQ.