PTIR vs. HOOG

Last updated Jun 3, 2026

PTIR (GraniteShares 2x Long PLTR Daily ETF) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, PTIR returned -8.22% vs -10.21% for HOOG. A 0.56 correlation means they provide meaningful diversification when combined. PTIR charges 1.15%/yr vs 0.75%/yr for HOOG.

Performance

PTIR vs. HOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long PLTR Daily ETF (PTIR) and Leverage Shares 2X Long HOOD Daily ETF (HOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTIR achieves a -38.16% return, which is significantly higher than HOOG's -54.93% return.

PTIR

• 1D: -10.60%
• 1M: 7.69%
• YTD: -38.16%
• 6M: -34.27%
• 1Y: -8.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOG

• 1D: -5.81%
• 1M: 36.06%
• YTD: -54.93%
• 6M: -65.13%
• 1Y: -10.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PTIR vs. HOOG - Yearly Performance Comparison

	2026 (YTD)	2025
PTIR GraniteShares 2x Long PLTR Daily ETF	-38.16%	169.57%
HOOG Leverage Shares 2X Long HOOD Daily ETF	-54.93%	291.44%

Correlation

The correlation between PTIR and HOOG is 0.52, 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	0.52
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025	0.56

The correlation between PTIR and HOOG has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.

Return for Risk

PTIR vs. HOOG — Risk / Return Rank

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

PTIR

PTIR Risk / Return Rank: 10
PTIR Sharpe Ratio Rank: 8
PTIR Sortino Ratio Rank: 14
PTIR Omega Ratio Rank: 14
PTIR Calmar Ratio Rank: 8
PTIR Martin Ratio Rank: 7

HOOG

HOOG Risk / Return Rank: 12
HOOG Sharpe Ratio Rank: 8
HOOG Sortino Ratio Rank: 18
HOOG Omega Ratio Rank: 17
HOOG Calmar Ratio Rank: 8
HOOG Martin Ratio Rank: 8

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.

PTIR vs. HOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PLTR Daily ETF (PTIR) 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.

	PTIR	HOOG	Difference
Sharpe ratio Return per unit of total volatility	-0.08	-0.08	-0.01
Sortino ratio Return per unit of downside risk	0.60	0.91	-0.31
Omega ratio Gain probability vs. loss probability	1.08	1.11	-0.03
Calmar ratio Return relative to maximum drawdown	-0.12	-0.07	-0.05
Martin ratio Return relative to average drawdown	-0.20	-0.11	-0.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTIR vs. HOOG - Sharpe Ratio Comparison

The current PTIR Sharpe Ratio is -0.08, which is comparable to the HOOG Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of PTIR and HOOG, 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

	PTIR	HOOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	-0.08	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	2.23	0.42	+1.81

Drawdowns

PTIR vs. HOOG - Drawdown Comparison

The maximum PTIR drawdown since its inception was -69.10%, smaller than the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for PTIR and HOOG.

Drawdown Indicators

	PTIR	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	-69.10%	-86.94%	+17.84%
Max Drawdown (1Y) Largest decline over 1 year	-68.11%	-86.94%	+18.83%
Current Drawdown Current decline from peak	-57.38%	-78.98%	+21.60%
Average Drawdown Average peak-to-trough decline	-27.38%	-37.42%	+10.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.35%	52.98%	-13.63%

Volatility

PTIR vs. HOOG - Volatility Comparison

The current volatility for GraniteShares 2x Long PLTR Daily ETF (PTIR) is 34.02%, while Leverage Shares 2X Long HOOD Daily ETF (HOOG) has a volatility of 39.61%. This indicates that PTIR 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.

Volatility by Period

	PTIR	HOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.02%	39.61%	-5.59%
Volatility (6M) Calculated over the trailing 6-month period	75.99%	100.22%	-24.23%
Volatility (1Y) Calculated over the trailing 1-year period	102.25%	136.66%	-34.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	129.30%	144.66%	-15.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	129.30%	144.66%	-15.36%

PTIR vs. HOOG - Expense Ratio Comparison

PTIR has a 1.15% expense ratio, which is higher than HOOG's 0.75% expense ratio.

Dividends

PTIR vs. HOOG - Dividend Comparison

PTIR's dividend yield for the trailing twelve months is around 9.40%, less than HOOG's 27.30% yield.

Position	TTM	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	27.30%	12.30%
PTIR GraniteShares 2x Long PLTR Daily ETF	9.40%	5.81%

Frequently Asked Questions

Can I hold both PTIR and HOOG in my portfolio?

PTIR and HOOG have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTIR or HOOG?

HOOG has higher volatility (39.61%) compared to PTIR (34.02%). In terms of maximum drawdown, PTIR dropped -69.10% vs HOOG's -86.94%.

Which ETF is better, PTIR or HOOG?

On 1-year performance, PTIR leads with -8.22% vs -10.21% for HOOG. On fees, HOOG is cheaper at 0.75% per year. On volatility, PTIR has been the lower-risk option at 34.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTIR or HOOG?

Over the 1-year period, PTIR has performed better with a -8.22% return vs -10.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTIR or HOOG?

HOOG is cheaper with a 0.75% expense ratio, compared with 1.15% for PTIR.

Which ETF pays a higher dividend yield, PTIR or HOOG?

HOOG has the higher dividend yield at 27.30%, compared with 9.40% for PTIR.

What is the main difference between PTIR and HOOG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.15% for PTIR and 0.75% for HOOG.

Which has better risk-adjusted returns?

HOOG currently has the higher Sharpe Ratio (-0.07 vs -0.08), 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.