MSTX vs. HOOI

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Daily Target 2X Long MSTR ETF (MSTX) and Defiance Leveraged Long + Income HOOD ETF (HOOI).

MSTX and HOOI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSTX is an actively managed fund by Defiance. It was launched on Aug 14, 2024. HOOI is an actively managed fund by Defiance. It was launched on Aug 18, 2025.

Performance

MSTX vs. HOOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long MSTR ETF (MSTX) and Defiance Leveraged Long + Income HOOD ETF (HOOI). The values are adjusted to include any dividend payments, if applicable.

MSTX vs. HOOI - Yearly Performance Comparison

	2026 (YTD)	2025
MSTX Defiance Daily Target 2X Long MSTR ETF	-49.22%	-84.65%
HOOI Defiance Leveraged Long + Income HOOD ETF	-10.33%	-14.45%

Returns By Period

In the year-to-date period, MSTX achieves a -49.22% return, which is significantly lower than HOOI's -10.33% return.

MSTX

• 1D: 5.68%
• 1M: -13.11%
• YTD: -49.22%
• 6M: -90.86%
• 1Y: -92.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOI

• 1D: 0.00%
• 1M: 0.00%
• YTD: -10.33%
• 6M: -51.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTX vs. HOOI - Expense Ratio Comparison

MSTX has a 1.29% expense ratio, which is lower than HOOI's 1.51% expense ratio.

HOOI

Defiance Leveraged Long + Income HOOD ETF

MSTX

Defiance Daily Target 2X Long MSTR ETF

Return for Risk

MSTX vs. HOOI — Risk / Return Rank

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

MSTX

MSTX Risk / Return Rank: 1
MSTX Sharpe Ratio Rank: 3
MSTX Sortino Ratio Rank: 1
MSTX Omega Ratio Rank: 1
MSTX Calmar Ratio Rank: 0
MSTX Martin Ratio Rank: 2

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.

MSTX vs. HOOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long MSTR ETF (MSTX) and Defiance Leveraged Long + Income HOOD ETF (HOOI). 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.

	MSTX	HOOI	Difference
Sharpe ratio Return per unit of total volatility	-0.63	—	—
Sortino ratio Return per unit of downside risk	-1.48	—	—
Omega ratio Gain probability vs. loss probability	0.84	—	—
Calmar ratio Return relative to maximum drawdown	-0.96	—	—
Martin ratio Return relative to average drawdown	-1.43	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MSTX	HOOI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	-0.37	-0.05

Correlation

The correlation between MSTX and HOOI is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MSTX vs. HOOI - Dividend Comparison

MSTX has not paid dividends to shareholders, while HOOI's dividend yield for the trailing twelve months is around 52.10%.

	TTM	2025	2024
MSTX Defiance Daily Target 2X Long MSTR ETF	0.00%	0.00%	41.01%
HOOI Defiance Leveraged Long + Income HOOD ETF	52.10%	41.26%	0.00%

Drawdowns

MSTX vs. HOOI - Drawdown Comparison

The maximum MSTX drawdown since its inception was -98.66%, which is greater than HOOI's maximum drawdown of -58.34%. Use the drawdown chart below to compare losses from any high point for MSTX and HOOI.

Drawdown Indicators

	MSTX	HOOI	Difference
Max Drawdown Largest peak-to-trough decline	-98.66%	-58.34%	-40.32%
Max Drawdown (1Y) Largest decline over 1 year	-96.62%	—	—
Current Drawdown Current decline from peak	-98.44%	-57.31%	-41.13%
Average Drawdown Average peak-to-trough decline	-66.95%	-34.24%	-32.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	64.85%	—	—

Volatility

Volatility by Period

	MSTX	HOOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	111.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	147.32%	101.36%	+45.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	169.73%	101.36%	+68.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	169.73%	101.36%	+68.37%