UPSX vs. HOOG

Last updated Jun 4, 2026

UPSX (Tradr 2X Long UPST Daily 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. UPSX charges 1.30%/yr vs 0.75%/yr for HOOG.

Performance

UPSX vs. HOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long UPST Daily ETF (UPSX) 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, UPSX achieves a -64.53% return, which is significantly lower than HOOG's -60.40% return.

UPSX

• 1D: -12.72%
• 1M: -15.45%
• YTD: -64.53%
• 6M: -68.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOG

• 1D: -12.13%
• 1M: 10.59%
• YTD: -60.40%
• 6M: -72.73%
• 1Y: -29.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UPSX vs. HOOG - Yearly Performance Comparison

	2026 (YTD)	2025
UPSX Tradr 2X Long UPST Daily ETF	-64.53%	-60.75%
HOOG Leverage Shares 2X Long HOOD Daily ETF	-60.40%	75.34%

Correlation

The correlation between UPSX 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 Jun 11, 2025	0.51

Return for Risk

UPSX vs. HOOG — Risk / Return Rank

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

HOOG

HOOG Risk / Return Rank: 9
HOOG Sharpe Ratio Rank: 6
HOOG Sortino Ratio Rank: 14
HOOG Omega Ratio Rank: 13
HOOG Calmar Ratio Rank: 6
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.

UPSX vs. HOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long UPST Daily ETF (UPSX) 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.

Sharpe Ratios by Period

	UPSX	HOOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.62	0.31	-0.92

Drawdowns

UPSX vs. HOOG - Drawdown Comparison

The maximum UPSX drawdown since its inception was -95.01%, which is greater than HOOG's maximum drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for UPSX and HOOG.

Drawdown Indicators

	UPSX	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	-95.01%	-86.94%	-8.07%
Max Drawdown (1Y) Largest decline over 1 year	—	-86.94%	—
Current Drawdown Current decline from peak	-93.01%	-81.53%	-11.48%
Average Drawdown Average peak-to-trough decline	-66.03%	-37.56%	-28.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	53.22%	—

Volatility

Volatility by Period

	UPSX	HOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	41.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	100.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	140.77%	137.15%	+3.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	140.77%	144.88%	-4.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	140.77%	144.88%	-4.11%

UPSX vs. HOOG - Expense Ratio Comparison

UPSX has a 1.30% expense ratio, which is higher than HOOG's 0.75% expense ratio.

Dividends

UPSX vs. HOOG - Dividend Comparison

UPSX has not paid dividends to shareholders, while HOOG's dividend yield for the trailing twelve months is around 31.07%.

Position	TTM	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	31.07%	12.30%
UPSX Tradr 2X Long UPST Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both UPSX and HOOG in my portfolio?

UPSX 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, UPSX 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, UPSX or HOOG?

HOOG is cheaper with a 0.75% expense ratio, compared with 1.30% for UPSX.

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

HOOG has the higher dividend yield at 31.07%, compared with 0.00% for UPSX.

What is the main difference between UPSX and HOOG?

They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for UPSX and 0.75% for HOOG.