LLYX vs. HOOG

Last updated Jun 6, 2026

LLYX (Defiance Daily Target 2X Long LLY ETF) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, LLYX returned 67.20% vs -32.55% for HOOG. At a 0.19 correlation, their price movements are largely independent. LLYX charges 1.32%/yr vs 0.75%/yr for HOOG.

Performance

LLYX vs. HOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long LLY ETF (LLYX) and Leverage Shares 2X Long HOOD Daily ETF (HOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LLYX achieves a -1.49% return, which is significantly higher than HOOG's -61.32% return.

LLYX

• 1D: 1.41%
• 1M: 29.77%
• YTD: -1.49%
• 6M: 10.68%
• 1Y: 67.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOG

• 1D: -13.39%
• 1M: 1.99%
• YTD: -61.32%
• 6M: -72.58%
• 1Y: -32.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LLYX vs. HOOG - Yearly Performance Comparison

	2026 (YTD)	2025
LLYX Defiance Daily Target 2X Long LLY ETF	-1.49%	29.01%
HOOG Leverage Shares 2X Long HOOD Daily ETF	-61.32%	291.44%

Correlation

The correlation between LLYX and HOOG is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025	0.19

Return for Risk

LLYX vs. HOOG — Risk / Return Rank

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

LLYX

LLYX Risk / Return Rank: 30
LLYX Sharpe Ratio Rank: 27
LLYX Sortino Ratio Rank: 32
LLYX Omega Ratio Rank: 34
LLYX Calmar Ratio Rank: 31
LLYX Martin Ratio Rank: 25

HOOG

HOOG Risk / Return Rank: 9
HOOG Sharpe Ratio Rank: 7
HOOG Sortino Ratio Rank: 14
HOOG Omega Ratio Rank: 14
HOOG Calmar Ratio Rank: 6
HOOG Martin Ratio Rank: 6

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.

LLYX vs. HOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long LLY ETF (LLYX) and Leverage Shares 2X Long HOOD Daily ETF (HOOG). 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.

	LLYX	HOOG	Difference
Sharpe ratio: Return per unit of total volatility	0.90	-0.24	+1.13
Sortino ratio: Return per unit of downside risk	1.59	0.60	+0.99
Omega ratio: Gain probability vs. loss probability	1.21	1.07	+0.14
Calmar ratio: Return relative to maximum drawdown	1.43	-0.38	+1.80
Martin ratio: Return relative to average drawdown	3.06	-0.61	+3.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LLYX vs. HOOG - Sharpe Ratio Comparison

The current LLYX Sharpe Ratio is 0.90, which is higher than the HOOG Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of LLYX and HOOG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LLYX	HOOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	-0.24	+1.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.28	-0.22

Drawdowns

LLYX vs. HOOG - Drawdown Comparison

The maximum LLYX drawdown since its inception was -67.98%, smaller than the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for LLYX and HOOG.

Drawdown Indicators

	LLYX	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	-67.98%	-86.94%	+18.96%
Max Drawdown (1Y) Largest decline over 1 year	-47.36%	-86.94%	+39.58%
Current Drawdown Current decline from peak	-14.76%	-81.96%	+67.20%
Average Drawdown Average peak-to-trough decline	-33.52%	-37.85%	+4.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.02%	53.71%	-31.69%

Volatility

LLYX vs. HOOG - Volatility Comparison

The current volatility for Defiance Daily Target 2X Long LLY ETF (LLYX) is 19.03%, while Leverage Shares 2X Long HOOD Daily ETF (HOOG) has a volatility of 45.54%. This indicates that LLYX experiences smaller price fluctuations and is considered to be less risky than HOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LLYX	HOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.03%	45.54%	-26.51%
Volatility (6M) Calculated over the trailing 6-month period	53.14%	101.44%	-48.30%
Volatility (1Y) Calculated over the trailing 1-year period	75.26%	137.92%	-62.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.33%	145.39%	-69.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.33%	145.39%	-69.06%

LLYX vs. HOOG - Expense Ratio Comparison

LLYX has a 1.32% expense ratio, which is higher than HOOG's 0.75% expense ratio.

Dividends

LLYX vs. HOOG - Dividend Comparison

LLYX's dividend yield for the trailing twelve months is around 2.80%, less than HOOG's 31.81% yield.

Position	TTM	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	31.81%	12.30%
LLYX Defiance Daily Target 2X Long LLY ETF	2.80%	2.76%

Frequently Asked Questions

Can I hold both LLYX and HOOG in my portfolio?

LLYX and HOOG have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LLYX or HOOG?

HOOG has higher volatility (45.54%) compared to LLYX (19.03%). In terms of maximum drawdown, LLYX dropped -67.98% vs HOOG's -86.94%.

Which ETF is better, LLYX or HOOG?

On 1-year performance, LLYX leads with 67.20% vs -32.55% for HOOG. On fees, HOOG is cheaper at 0.75% per year. On volatility, LLYX has been the lower-risk option at 19.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LLYX or HOOG?

Over the 1-year period, LLYX has performed better with a 67.20% return vs -32.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LLYX or HOOG?

HOOG is cheaper with a 0.75% expense ratio, compared with 1.32% for LLYX.

Which ETF pays a higher dividend yield, LLYX or HOOG?

HOOG has the higher dividend yield at 31.81%, compared with 2.80% for LLYX.

What is the main difference between LLYX and HOOG?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.32% for LLYX and 0.75% for HOOG.

Which has better risk-adjusted returns?

LLYX currently has the higher Sharpe Ratio (0.90 vs -0.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.