METD vs. HOOG
METD (Direxion Daily META Bear 1X ETF) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both exchange-traded funds - METD is a Inverse Equities fund actively managed by Direxion, while HOOG is a Leveraged Equities fund actively managed by Leverage Shares. Both are actively managed. Over the past year, METD returned 6.23% vs -10.21% for HOOG. At a correlation of -0.42, they often move in opposite directions. METD charges 1.00%/yr vs 0.75%/yr for HOOG.
Performance
METD vs. HOOG - Performance Comparison
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Returns By Period
In the year-to-date period, METD achieves a 6.12% return, which is significantly higher than HOOG's -54.93% return.
METD
- 1D
- 0.54%
- 1M
- 1.84%
- YTD
- 6.12%
- 6M
- 4.24%
- 1Y
- 6.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOG
- 1D
- -5.81%
- 1M
- 36.06%
- YTD
- -54.93%
- 6M
- -65.13%
- 1Y
- -10.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
METD vs. HOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METD Direxion Daily META Bear 1X ETF | 6.12% | -15.24% |
HOOG Leverage Shares 2X Long HOOD Daily ETF | -54.93% | 291.44% |
Correlation
The correlation between METD and HOOG is -0.36, 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 (1Y) Calculated over the trailing 1-year period | -0.36 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025 | -0.42 |
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Return for Risk
METD vs. HOOG — Risk / Return Rank
METD
HOOG
METD vs. HOOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily META Bear 1X ETF (METD) 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.
| METD | HOOG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.18 | -0.08 | +0.25 |
Sortino ratioReturn per unit of downside risk | 0.49 | 0.91 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.11 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.09 | -0.07 | +0.16 |
Martin ratioReturn relative to average drawdown | 0.20 | -0.11 | +0.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| METD | HOOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | -0.08 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.39 | 0.42 | -0.82 |
Drawdowns
METD vs. HOOG - Drawdown Comparison
The maximum METD drawdown since its inception was -46.03%, smaller than the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for METD and HOOG.
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Drawdown Indicators
| METD | HOOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.03% | -86.94% | +40.91% |
Max Drawdown (1Y)Largest decline over 1 year | -24.38% | -86.94% | +62.56% |
Current DrawdownCurrent decline from peak | -31.79% | -78.98% | +47.19% |
Average DrawdownAverage peak-to-trough decline | -28.60% | -37.42% | +8.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.30% | 52.98% | -41.68% |
Volatility
METD vs. HOOG - Volatility Comparison
The current volatility for Direxion Daily META Bear 1X ETF (METD) is 7.69%, while Leverage Shares 2X Long HOOD Daily ETF (HOOG) has a volatility of 39.61%. This indicates that METD 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.
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Volatility by Period
| METD | HOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 39.61% | -31.92% |
Volatility (6M)Calculated over the trailing 6-month period | 26.69% | 100.22% | -73.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.52% | 136.66% | -101.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.33% | 144.66% | -108.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.33% | 144.66% | -108.33% |
METD vs. HOOG - Expense Ratio Comparison
METD has a 1.00% expense ratio, which is higher than HOOG's 0.75% expense ratio.
Dividends
METD vs. HOOG - Dividend Comparison
METD's dividend yield for the trailing twelve months is around 2.57%, less than HOOG's 27.30% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HOOG Leverage Shares 2X Long HOOD Daily ETF | 27.30% | 12.30% | 0.00% |
METD Direxion Daily META Bear 1X ETF | 2.57% | 3.35% | 2.30% |
Frequently Asked Questions
METD and HOOG have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HOOG has higher volatility (39.61%) compared to METD (7.69%). In terms of maximum drawdown, METD dropped -46.03% vs HOOG's -86.94%.
On 1-year performance, METD leads with 6.23% vs -10.21% for HOOG. On fees, HOOG is cheaper at 0.75% per year. On volatility, METD has been the lower-risk option at 7.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, METD has performed better with a 6.23% return vs -10.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HOOG is cheaper with a 0.75% expense ratio, compared with 1.00% for METD.
HOOG has the higher dividend yield at 27.30%, compared with 2.57% for METD.
METD is categorized as Inverse Equities, while HOOG is Leveraged Equities. They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.00% for METD and 0.75% for HOOG.
METD currently has the higher Sharpe Ratio (0.18 vs -0.07), 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.
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