PLTU vs. HOOY

Last updated Jun 4, 2026

PLTU (Direxion Daily PLTR Bull 2X Shares) and HOOY (YieldMax HOOD Option Income Strategy ETF) are both exchange-traded funds - PLTU is a Leveraged Equities fund actively managed by Direxion, while HOOY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, PLTU returned -21.46% vs 9.03% for HOOY. A 0.54 correlation means they provide meaningful diversification when combined. PLTU charges 0.97%/yr vs 0.99%/yr for HOOY.

Performance

PLTU vs. HOOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily PLTR Bull 2X Shares (PLTU) and YieldMax HOOD Option Income Strategy ETF (HOOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTU achieves a -46.71% return, which is significantly lower than HOOY's -20.00% return.

PLTU

• 1D: -13.03%
• 1M: -9.11%
• YTD: -46.71%
• 6M: -46.12%
• 1Y: -21.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOY

• 1D: -4.94%
• 1M: 7.42%
• YTD: -20.00%
• 6M: -29.79%
• 1Y: 9.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTU vs. HOOY - Yearly Performance Comparison

	2026 (YTD)	2025
PLTU Direxion Daily PLTR Bull 2X Shares	-46.71%	79.99%
HOOY YieldMax HOOD Option Income Strategy ETF	-20.00%	64.95%

Correlation

The correlation between PLTU and HOOY is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (All Time) Calculated using the full available price history since May 9, 2025	0.54

The correlation between PLTU and HOOY has been stable across timeframes, ranging from 0.54 to 0.55 - a consistent structural relationship.

Return for Risk

PLTU vs. HOOY — Risk / Return Rank

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

PLTU

PLTU Risk / Return Rank: 8
PLTU Sharpe Ratio Rank: 7
PLTU Sortino Ratio Rank: 11
PLTU Omega Ratio Rank: 11
PLTU Calmar Ratio Rank: 6
PLTU Martin Ratio Rank: 6

HOOY

HOOY Risk / Return Rank: 12
HOOY Sharpe Ratio Rank: 11
HOOY Sortino Ratio Rank: 13
HOOY Omega Ratio Rank: 14
HOOY Calmar Ratio Rank: 11
HOOY Martin Ratio Rank: 10

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.

PLTU vs. HOOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bull 2X Shares (PLTU) and YieldMax HOOD Option Income Strategy ETF (HOOY). 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.

	PLTU	HOOY	Difference
Sharpe ratio: Return per unit of total volatility	-0.21	0.16	-0.37
Sortino ratio: Return per unit of downside risk	0.40	0.62	-0.22
Omega ratio: Gain probability vs. loss probability	1.05	1.08	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.32	0.18	-0.49
Martin ratio: Return relative to average drawdown	-0.54	0.32	-0.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLTU vs. HOOY - Sharpe Ratio Comparison

The current PLTU Sharpe Ratio is -0.21, which is lower than the HOOY Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of PLTU and HOOY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PLTU	HOOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.21	0.16	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.55	-0.14

Drawdowns

PLTU vs. HOOY - Drawdown Comparison

The maximum PLTU drawdown since its inception was -69.14%, which is greater than HOOY's maximum drawdown of -51.54%. Use the drawdown chart below to compare losses from any high point for PLTU and HOOY.

Drawdown Indicators

	PLTU	HOOY	Difference
Max Drawdown Largest peak-to-trough decline	-69.14%	-51.54%	-17.60%
Max Drawdown (1Y) Largest decline over 1 year	-68.10%	-51.54%	-16.56%
Current Drawdown Current decline from peak	-62.95%	-40.38%	-22.57%
Average Drawdown Average peak-to-trough decline	-31.90%	-20.18%	-11.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.45%	28.24%	+11.21%

Volatility

PLTU vs. HOOY - Volatility Comparison

Direxion Daily PLTR Bull 2X Shares (PLTU) has a higher volatility of 36.67% compared to YieldMax HOOD Option Income Strategy ETF (HOOY) at 15.59%. This indicates that PLTU's price experiences larger fluctuations and is considered to be riskier than HOOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTU	HOOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.67%	15.59%	+21.08%
Volatility (6M) Calculated over the trailing 6-month period	77.36%	41.92%	+35.44%
Volatility (1Y) Calculated over the trailing 1-year period	103.08%	55.33%	+47.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	127.24%	54.48%	+72.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.24%	54.48%	+72.76%

PLTU vs. HOOY - Expense Ratio Comparison

PLTU has a 0.97% expense ratio, which is lower than HOOY's 0.99% expense ratio.

Dividends

PLTU vs. HOOY - Dividend Comparison

PLTU's dividend yield for the trailing twelve months is around 44.62%, less than HOOY's 160.00% yield.

Position	TTM	2025	2024
HOOY YieldMax HOOD Option Income Strategy ETF	160.00%	82.87%	0.00%
PLTU Direxion Daily PLTR Bull 2X Shares	44.62%	23.29%	0.12%

Frequently Asked Questions

Can I hold both PLTU and HOOY in my portfolio?

PLTU and HOOY have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTU or HOOY?

PLTU has higher volatility (36.67%) compared to HOOY (15.59%). In terms of maximum drawdown, PLTU dropped -69.14% vs HOOY's -51.54%.

Which ETF is better, PLTU or HOOY?

On 1-year performance, HOOY leads with 9.03% vs -21.46% for PLTU. On fees, PLTU is cheaper at 0.97% per year. On volatility, HOOY has been the lower-risk option at 15.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTU or HOOY?

Over the 1-year period, HOOY has performed better with a 9.03% return vs -21.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTU or HOOY?

PLTU is cheaper with a 0.97% expense ratio, compared with 0.99% for HOOY.

Which ETF pays a higher dividend yield, PLTU or HOOY?

HOOY has the higher dividend yield at 160.00%, compared with 44.62% for PLTU.

What is the main difference between PLTU and HOOY?

PLTU is categorized as Leveraged Equities, while HOOY is Derivative Income. They also come from different issuers: Direxion and YieldMax. Their fees differ too: 0.97% for PLTU and 0.99% for HOOY.

Which has better risk-adjusted returns?

HOOY currently has the higher Sharpe Ratio (0.16 vs -0.21), 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.