PYPG vs. HOOI

Last updated Apr 3, 2026

Compare and contrast key facts about Leverage Shares 2X Long PYPL Daily ETF (PYPG) and Defiance Leveraged Long + Income HOOD ETF (HOOI).

PYPG and HOOI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PYPG is an actively managed fund by Leverage Shares. It was launched on Apr 3, 2025. HOOI is an actively managed fund by Defiance. It was launched on Aug 18, 2025.

Performance

PYPG vs. HOOI - Performance Comparison

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

PYPG vs. HOOI - Yearly Performance Comparison

	2026 (YTD)	2025
PYPG Leverage Shares 2X Long PYPL Daily ETF	-46.66%	-34.14%
HOOI Defiance Leveraged Long + Income HOOD ETF	-10.33%	-14.45%

Returns By Period

In the year-to-date period, PYPG achieves a -46.66% return, which is significantly lower than HOOI's -10.33% return.

PYPG

• 1D: 3.14%
• 1M: -5.74%
• YTD: -46.66%
• 6M: -63.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOI

• 1D: 0.00%
• 1M: 0.00%
• YTD: -10.33%
• 6M: -53.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PYPG vs. HOOI - Expense Ratio Comparison

PYPG has a 0.75% expense ratio, which is lower than HOOI's 1.51% expense ratio.

HOOI

Defiance Leveraged Long + Income HOOD ETF

PYPG

Leverage Shares 2X Long PYPL Daily ETF

Return for Risk

PYPG vs. HOOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PYPL Daily ETF (PYPG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PYPG	HOOI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.69	-0.37	-0.33

Correlation

The correlation between PYPG and HOOI is 0.30, 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

PYPG vs. HOOI - Dividend Comparison

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

	TTM	2025
PYPG Leverage Shares 2X Long PYPL Daily ETF	0.00%	0.00%
HOOI Defiance Leveraged Long + Income HOOD ETF	52.10%	41.26%

Drawdowns

PYPG vs. HOOI - Drawdown Comparison

The maximum PYPG drawdown since its inception was -79.52%, which is greater than HOOI's maximum drawdown of -58.34%. Use the drawdown chart below to compare losses from any high point for PYPG and HOOI.

Drawdown Indicators

	PYPG	HOOI	Difference
Max Drawdown Largest peak-to-trough decline	-79.52%	-58.34%	-21.18%
Current Drawdown Current decline from peak	-73.34%	-57.31%	-16.03%
Average Drawdown Average peak-to-trough decline	-32.26%	-34.56%	+2.30%

Volatility

Volatility by Period

	PYPG	HOOI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	80.73%	100.65%	-19.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.73%	100.65%	-19.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.73%	100.65%	-19.92%