SHPU vs. HOOG
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 0.57 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
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Returns By Period
The year-to-date returns for both investments are quite close, with SHPU having a -63.82% return and HOOG slightly higher at -61.32%.
SHPU
- 1D
- -11.54%
- 1M
- 3.30%
- YTD
- -63.82%
- 6M
- -63.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOG
- 1D
- -13.39%
- 1M
- 1.99%
- YTD
- -61.32%
- 6M
- -72.58%
- 1Y
- -32.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHPU vs. HOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SHPU Direxion Daily SHOP Bull 2X ETF | -63.82% | -2.39% |
HOOG Leverage Shares 2X Long HOOD Daily ETF | -61.32% | -11.02% |
Correlation
The correlation between SHPU and HOOG is 0.57, 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 7, 2025 | 0.57 |
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Return for Risk
SHPU vs. HOOG — Risk / Return Rank
SHPU
HOOG
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| SHPU | HOOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.65 | 0.28 | -0.93 |
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.
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Drawdown Indicators
| SHPU | HOOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.97% | -86.94% | +8.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -86.94% | — |
Current DrawdownCurrent decline from peak | -71.86% | -81.96% | +10.10% |
Average DrawdownAverage peak-to-trough decline | -37.03% | -37.85% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 53.71% | — |
Volatility
SHPU vs. HOOG - Volatility Comparison
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Volatility by Period
| SHPU | HOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 45.54% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 101.44% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 110.47% | 137.92% | -27.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 110.47% | 145.39% | -34.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 110.47% | 145.39% | -34.92% |
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 56.43%, more than HOOG's 31.81% yield.
| Position | TTM | 2025 |
|---|---|---|
HOOG Leverage Shares 2X Long HOOD Daily ETF | 31.81% | 12.30% |
SHPU Direxion Daily SHOP Bull 2X ETF | 56.43% | 20.05% |
Frequently Asked Questions
SHPU and HOOG have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
HOOG is cheaper with a 0.75% expense ratio, compared with 1.09% for SHPU.
SHPU has the higher dividend yield at 56.43%, compared with 31.81% for HOOG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.09% for SHPU and 0.75% for HOOG.
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