LMNX vs. HOOG

Last updated Jun 24, 2026

LMNX (Defiance Daily Target 2X Long LMND ETF) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. LMNX charges 1.31%/yr vs 0.75%/yr for HOOG.

Performance

LMNX vs. HOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long LMND ETF (LMNX) 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, LMNX achieves a -55.70% return, which is significantly lower than HOOG's -40.69% return.

LMNX

• 1D: 1.73%
• 1M: 0.16%
• YTD: -55.70%
• 6M: -64.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOG

• 1D: -4.87%
• 1M: 83.12%
• YTD: -40.69%
• 6M: -48.04%
• 1Y: -5.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LMNX vs. HOOG - Yearly Performance Comparison

	2026 (YTD)	2025
LMNX Defiance Daily Target 2X Long LMND ETF	-55.70%	55.19%
HOOG Leverage Shares 2X Long HOOD Daily ETF	-40.69%	-38.87%

Correlation

The correlation between LMNX and HOOG is 0.54, 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 Oct 16, 2025	0.54

Return for Risk

LMNX vs. HOOG — Risk / Return Rank

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

LMNX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HOOG

HOOG Risk / Return Rank: 12
HOOG Sharpe Ratio Rank: 8
HOOG Sortino Ratio Rank: 19
HOOG Omega Ratio Rank: 18
HOOG Calmar Ratio Rank: 8
HOOG Martin Ratio Rank: 8

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.

LMNX vs. HOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long LMND ETF (LMNX) 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.

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.

	LMNX	HOOG	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.04	—
Sortino ratio: Return per unit of downside risk	—	0.99	—
Omega ratio: Gain probability vs. loss probability	—	1.12	—
Calmar ratio: Return relative to maximum drawdown	—	-0.06	—
Martin ratio: Return relative to average drawdown	—	-0.09	—

Drawdowns

LMNX vs. HOOG - Drawdown Comparison

The maximum LMNX drawdown since its inception was -79.62%, smaller than the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for LMNX and HOOG.

Drawdown Indicators

	LMNX	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	-79.62%	-86.94%	+7.32%
Max Drawdown (1Y) Largest decline over 1 year	—	-86.94%	—
Current Drawdown Current decline from peak	-74.61%	-72.34%	-2.27%
Average Drawdown Average peak-to-trough decline	-43.60%	-39.04%	-4.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	55.98%	—

Volatility

Volatility by Period

	LMNX	HOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	46.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	101.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	169.75%	139.38%	+30.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	169.75%	144.74%	+25.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	169.75%	144.74%	+25.01%

LMNX vs. HOOG - Expense Ratio Comparison

LMNX has a 1.31% expense ratio, which is higher than HOOG's 0.75% expense ratio.

Dividends

LMNX vs. HOOG - Dividend Comparison

LMNX has not paid dividends to shareholders, while HOOG's dividend yield for the trailing twelve months is around 20.75%.

Position	TTM	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	20.75%	12.30%
LMNX Defiance Daily Target 2X Long LMND ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both LMNX and HOOG in my portfolio?

LMNX and HOOG have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LMNX or HOOG?

On fees, HOOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LMNX or HOOG?

HOOG is cheaper with a 0.75% expense ratio, compared with 1.31% for LMNX.

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

HOOG has the higher dividend yield at 20.75%, compared with 0.00% for LMNX.

What is the main difference between LMNX and HOOG?

They also come from different issuers: Defiance ETFs and Leverage Shares. Their fees differ too: 1.31% for LMNX and 0.75% for HOOG.