SHPU vs. HOOG

Last updated Jul 17, 2026

SHPU (Direxion Daily SHOP Bull 2X ETF) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. SHPU charges 1.09%/yr vs 0.75%/yr for HOOG.

Performance

SHPU vs. HOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily SHOP Bull 2X ETF (SHPU) 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, SHPU achieves a -54.21% return, which is significantly lower than HOOG's -40.04% return.

SHPU

• 1D: 2.44%
• 1M: 19.10%
• 6M: -51.68%
• YTD: -54.21%
• 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)

SHPU vs. HOOG - Yearly Performance Comparison

	2026 (YTD)	2025
SHPU Direxion Daily SHOP Bull 2X ETF	-54.21%	8.74%
HOOG Leverage Shares 2X Long HOOD Daily ETF	-40.04%	-10.88%

Correlation

The correlation between SHPU and HOOG is 0.51, 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 Aug 6, 2025	0.51

Return for Risk

SHPU vs. HOOG — Risk / Return Rank

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

SHPU

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.

SHPU vs. HOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SHOP Bull 2X ETF (SHPU) 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.

	SHPU	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

SHPU vs. HOOG - Drawdown Comparison

The maximum SHPU drawdown since its inception was -77.97%, smaller than the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for SHPU and HOOG.

Drawdown Indicators

	SHPU	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	-77.97%	-86.94%	+8.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-86.94%	—
Current Drawdown Current decline from peak	-64.39%	-72.03%	+7.64%
Average Drawdown Average peak-to-trough decline	-40.52%	-40.55%	+0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	58.70%	—

Volatility

Volatility by Period

	SHPU	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	108.34%	139.20%	-30.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	108.34%	144.48%	-36.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	108.34%	144.48%	-36.14%

SHPU vs. HOOG - Expense Ratio Comparison

SHPU has a 1.09% expense ratio, which is higher than HOOG's 0.75% expense ratio.

Dividends

SHPU vs. HOOG - Dividend Comparison

SHPU's dividend yield for the trailing twelve months is around 45.31%, more than HOOG's 20.52% yield.

Position	TTM	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	20.52%	12.30%
SHPU Direxion Daily SHOP Bull 2X ETF	45.31%	20.05%

Frequently Asked Questions

Can I hold both SHPU and HOOG in my portfolio?

SHPU and HOOG have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SHPU 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, SHPU or HOOG?

HOOG is cheaper with a 0.75% expense ratio, compared with 1.09% for SHPU.

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

SHPU has the higher dividend yield at 45.31%, compared with 20.52% for HOOG.

What is the main difference between SHPU and HOOG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.09% for SHPU and 0.75% for HOOG.