PYPG vs. HOOI

Last updated Jun 4, 2026

PYPG (Leverage Shares 2X Long PYPL Daily ETF) and HOOI (Defiance Leveraged Long + Income HOOD ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. PYPG charges 0.75%/yr vs 1.51%/yr for HOOI.

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.

Returns By Period

In the year-to-date period, PYPG achieves a -54.66% return, which is significantly lower than HOOI's -10.33% return.

PYPG

• 1D: -8.80%
• 1M: -29.99%
• YTD: -54.66%
• 6M: -59.27%
• 1Y: -73.73%
• 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)

PYPG vs. HOOI - Yearly Performance Comparison

	2026 (YTD)	2025
PYPG Leverage Shares 2X Long PYPL Daily ETF	-54.66%	-34.14%
HOOI Defiance Leveraged Long + Income HOOD ETF	-10.33%	-14.45%

Correlation

The correlation between PYPG and HOOI is 0.27, 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	0.27

Return for Risk

PYPG vs. HOOI — Risk / Return Rank

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

PYPG

PYPG Risk / Return Rank: 1
PYPG Sharpe Ratio Rank: 2
PYPG Sortino Ratio Rank: 1
PYPG Omega Ratio Rank: 1
PYPG Calmar Ratio Rank: 1
PYPG Martin Ratio Rank: 1

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.

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.

	PYPG	HOOI	Difference
Sharpe ratio: Return per unit of total volatility	-0.95	—	—
Sortino ratio: Return per unit of downside risk	-1.53	—	—
Omega ratio: Gain probability vs. loss probability	0.78	—	—
Calmar ratio: Return relative to maximum drawdown	-0.93	—	—
Martin ratio: Return relative to average drawdown	-1.47	—	—
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

	PYPG	HOOI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.95	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.73	-0.34	-0.38

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%
Max Drawdown (1Y) Largest decline over 1 year	-79.52%	—	—
Current Drawdown Current decline from peak	-77.34%	-57.31%	-20.03%
Average Drawdown Average peak-to-trough decline	-37.99%	-39.57%	+1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.16%	—	—

Volatility

Volatility by Period

	PYPG	HOOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	68.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	77.89%	88.80%	-10.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.51%	88.80%	-10.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.51%	88.80%	-10.29%

PYPG vs. HOOI - Expense Ratio Comparison

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

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%.

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

Frequently Asked Questions

Can I hold both PYPG and HOOI in my portfolio?

PYPG and HOOI have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PYPG or HOOI?

On fees, PYPG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PYPG or HOOI?

PYPG is cheaper with a 0.75% expense ratio, compared with 1.51% for HOOI.

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

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

What is the main difference between PYPG and HOOI?

They also come from different issuers: Leverage Shares and Defiance. Their fees differ too: 0.75% for PYPG and 1.51% for HOOI.