MSTX vs. HOOI

Last updated Jun 4, 2026

MSTX (Defiance Daily Target 2X Long MSTR ETF) and HOOI (Defiance Leveraged Long + Income HOOD ETF) are both Leveraged Equities funds from Defiance. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. MSTX charges 1.29%/yr vs 1.51%/yr for HOOI.

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.

Returns By Period

In the year-to-date period, MSTX achieves a -54.94% return, which is significantly lower than HOOI's -10.33% return.

MSTX

• 1D: -14.41%
• 1M: -56.02%
• YTD: -54.94%
• 6M: -72.02%
• 1Y: -95.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOI

• 1D: 0.00%
• 1M: 0.00%
• YTD: -10.33%
• 6M: -33.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTX vs. HOOI - Yearly Performance Comparison

	2026 (YTD)	2025
MSTX Defiance Daily Target 2X Long MSTR ETF	-54.94%	-84.65%
HOOI Defiance Leveraged Long + Income HOOD ETF	-10.33%	-14.45%

Correlation

The correlation between MSTX and HOOI is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	0.31

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: 3

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	-0.68	—	—
Sortino ratio: Return per unit of downside risk	-2.10	—	—
Omega ratio: Gain probability vs. loss probability	0.78	—	—
Calmar ratio: Return relative to maximum drawdown	-0.99	—	—
Martin ratio: Return relative to average drawdown	-1.27	—	—
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	-0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	-0.34	-0.08

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	-98.61%	-57.31%	-41.30%
Average Drawdown Average peak-to-trough decline	-69.94%	-39.57%	-30.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	75.26%	—	—

Volatility

Volatility by Period

	MSTX	HOOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	112.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	140.09%	88.80%	+51.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	167.46%	88.80%	+78.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	167.46%	88.80%	+78.66%

MSTX vs. HOOI - Expense Ratio Comparison

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

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%.

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

Frequently Asked Questions

Can I hold both MSTX and HOOI in my portfolio?

MSTX and HOOI have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSTX or HOOI?

On fees, MSTX is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSTX or HOOI?

MSTX is cheaper with a 1.29% expense ratio, compared with 1.51% for HOOI.

Which ETF pays a higher dividend yield, MSTX or HOOI?

HOOI has the higher dividend yield at 52.10%, compared with 0.00% for MSTX.

What is the main difference between MSTX and HOOI?

Their fees differ too: 1.29% for MSTX and 1.51% for HOOI.