RDWU vs. HOOG

Last updated Jul 17, 2026

RDWU (T-REX 2X Long RDW Daily Target ETF) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds. RDWU is passively managed, while HOOG is actively managed. A 0.55 correlation means they provide meaningful diversification when combined. RDWU charges 1.50%/yr vs 0.75%/yr for HOOG.

Performance

RDWU vs. HOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long RDW Daily Target ETF (RDWU) and Leverage Shares 2X Long HOOD Daily ETF (HOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RDWU

• 1D: -19.50%
• 1M: -64.50%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOG

• 1D: -16.65%
• 1M: 13.72%
• 6M: -36.00%
• YTD: -40.04%
• 1Y: -45.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RDWU vs. HOOG - Yearly Performance Comparison

	2026 (YTD)
RDWU T-REX 2X Long RDW Daily Target ETF	-83.58%
HOOG Leverage Shares 2X Long HOOD Daily ETF	-22.98%

Correlation

The correlation between RDWU and HOOG 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 (All Time) Calculated using the full available price history since Jan 30, 2026	0.55

Return for Risk

RDWU vs. HOOG — Risk / Return Rank

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

RDWU

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

HOOG

HOOG Risk / Return Rank: 8
HOOG Sharpe Ratio Rank: 6
HOOG Sortino Ratio Rank: 12
HOOG Omega Ratio Rank: 11
HOOG Calmar Ratio Rank: 5
HOOG Martin Ratio Rank: 6

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.

RDWU vs. HOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long RDW Daily Target ETF (RDWU) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RDWU	HOOG	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.33	—
Sortino ratio: Return per unit of downside risk	—	0.37	—
Omega ratio: Gain probability vs. loss probability	—	1.04	—
Calmar ratio: Return relative to maximum drawdown	—	-0.53	—
Martin ratio: Return relative to average drawdown	—	-0.78	—

Drawdowns

RDWU vs. HOOG - Drawdown Comparison

The maximum RDWU drawdown since its inception was -91.85%, which is greater than HOOG's maximum drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for RDWU and HOOG.

Drawdown Indicators

	RDWU	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	-91.85%	-86.94%	-4.91%
Max Drawdown (1Y) Largest decline over 1 year	—	-86.94%	—
Current Drawdown Current decline from peak	-91.85%	-72.03%	-19.82%
Average Drawdown Average peak-to-trough decline	-60.47%	-40.55%	-19.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	58.70%	—

Volatility

Volatility by Period

	RDWU	HOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	40.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	106.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	252.73%	139.20%	+113.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	252.73%	144.48%	+108.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	252.73%	144.48%	+108.25%

RDWU vs. HOOG - Expense Ratio Comparison

RDWU has a 1.50% expense ratio, which is higher than HOOG's 0.75% expense ratio.

Dividends

RDWU vs. HOOG - Dividend Comparison

RDWU has not paid dividends to shareholders, while HOOG's dividend yield for the trailing twelve months is around 20.52%.

Position	TTM	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	20.52%	12.30%
RDWU T-REX 2X Long RDW Daily Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both RDWU and HOOG in my portfolio?

RDWU and HOOG 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 ETF is better, RDWU or HOOG?

On fees, HOOG 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, RDWU or HOOG?

HOOG is cheaper with a 0.75% expense ratio, compared with 1.50% for RDWU.

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

HOOG has the higher dividend yield at 20.52%, compared with 0.00% for RDWU.

What is the main difference between RDWU and HOOG?

They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.50% for RDWU and 0.75% for HOOG.