MSTX vs. HOOX

Last updated Apr 2, 2026

Compare and contrast key facts about Defiance Daily Target 2X Long MSTR ETF (MSTX) and Defiance Daily Target 2X Long HOOD ETF (HOOX).

MSTX and HOOX 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. HOOX is an actively managed fund by Defiance. It was launched on Mar 18, 2025.

Performance

MSTX vs. HOOX - 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 Daily Target 2X Long HOOD ETF (HOOX). The values are adjusted to include any dividend payments, if applicable.

MSTX vs. HOOX - Yearly Performance Comparison

	2026 (YTD)	2025
MSTX Defiance Daily Target 2X Long MSTR ETF	-51.04%	-87.08%
HOOX Defiance Daily Target 2X Long HOOD ETF	-68.18%	312.21%

Returns By Period

In the year-to-date period, MSTX achieves a -51.04% return, which is significantly higher than HOOX's -68.18% return.

MSTX

• 1D: -3.58%
• 1M: -24.90%
• YTD: -51.04%
• 6M: -91.98%
• 1Y: -93.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOX

• 1D: 1.55%
• 1M: -25.01%
• YTD: -68.18%
• 6M: -82.51%
• 1Y: 38.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTX vs. HOOX - Expense Ratio Comparison

MSTX has a 1.29% expense ratio, which is lower than HOOX's 1.31% expense ratio.

HOOX

Defiance Daily Target 2X Long HOOD ETF

MSTX

Defiance Daily Target 2X Long MSTR ETF

Return for Risk

MSTX vs. HOOX — 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: 1

HOOX

HOOX Risk / Return Rank: 31
HOOX Sharpe Ratio Rank: 18
HOOX Sortino Ratio Rank: 53
HOOX Omega Ratio Rank: 42
HOOX Calmar Ratio Rank: 22
HOOX Martin Ratio Rank: 19

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. HOOX - 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 Daily Target 2X Long HOOD ETF (HOOX). 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	HOOX	Difference
Sharpe ratio Return per unit of total volatility	-0.64	0.27	-0.91
Sortino ratio Return per unit of downside risk	-1.64	1.45	-3.09
Omega ratio Gain probability vs. loss probability	0.82	1.17	-0.36
Calmar ratio Return relative to maximum drawdown	-0.96	0.48	-1.43
Martin ratio Return relative to average drawdown	-1.42	1.00	-2.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSTX vs. HOOX - Sharpe Ratio Comparison

The current MSTX Sharpe Ratio is -0.64, which is lower than the HOOX Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of MSTX and HOOX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MSTX	HOOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.64	0.27	-0.91
Sharpe Ratio (All Time) Calculated using the full available price history	-0.43	0.21	-0.64

Correlation

The correlation between MSTX and HOOX is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MSTX vs. HOOX - Dividend Comparison

MSTX has not paid dividends to shareholders, while HOOX's dividend yield for the trailing twelve months is around 44.38%.

	TTM	2025	2024
MSTX Defiance Daily Target 2X Long MSTR ETF	0.00%	0.00%	41.01%
HOOX Defiance Daily Target 2X Long HOOD ETF	44.38%	14.12%	0.00%

Drawdowns

MSTX vs. HOOX - Drawdown Comparison

The maximum MSTX drawdown since its inception was -98.66%, which is greater than HOOX's maximum drawdown of -87.11%. Use the drawdown chart below to compare losses from any high point for MSTX and HOOX.

Drawdown Indicators

	MSTX	HOOX	Difference
Max Drawdown Largest peak-to-trough decline	-98.66%	-87.11%	-11.55%
Max Drawdown (1Y) Largest decline over 1 year	-96.62%	-87.11%	-9.51%
Current Drawdown Current decline from peak	-98.49%	-85.27%	-13.22%
Average Drawdown Average peak-to-trough decline	-67.02%	-30.07%	-36.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	65.14%	41.54%	+23.60%

Volatility

MSTX vs. HOOX - Volatility Comparison

Defiance Daily Target 2X Long MSTR ETF (MSTX) and Defiance Daily Target 2X Long HOOD ETF (HOOX) have volatilities of 36.77% and 35.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSTX	HOOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.77%	35.82%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	111.14%	101.10%	+10.04%
Volatility (1Y) Calculated over the trailing 1-year period	147.35%	142.51%	+4.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	169.54%	142.54%	+27.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	169.54%	142.54%	+27.00%