XTAP vs. HOOI

Last updated Jun 4, 2026

XTAP (Innovator U.S. Equity Accelerated Plus ETF) and HOOI (Defiance Leveraged Long + Income HOOD ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. XTAP charges 0.79%/yr vs 1.51%/yr for HOOI.

Performance

XTAP vs. HOOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Accelerated Plus ETF (XTAP) 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, XTAP achieves a 10.96% return, which is significantly higher than HOOI's -10.33% return.

XTAP

• 1D: -0.21%
• 1M: 2.32%
• YTD: 10.96%
• 6M: 12.10%
• 1Y: 21.00%
• 3Y*: 17.90%
• 5Y*: 10.99%
• 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)

XTAP vs. HOOI - Yearly Performance Comparison

	2026 (YTD)	2025
XTAP Innovator U.S. Equity Accelerated Plus ETF	10.96%	4.42%
HOOI Defiance Leveraged Long + Income HOOD ETF	-10.33%	-14.45%

Correlation

The correlation between XTAP and HOOI is 0.33, 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	0.33

Return for Risk

XTAP vs. HOOI — Risk / Return Rank

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

XTAP

XTAP Risk / Return Rank: 98
XTAP Sharpe Ratio Rank: 97
XTAP Sortino Ratio Rank: 98
XTAP Omega Ratio Rank: 98
XTAP Calmar Ratio Rank: 98
XTAP Martin Ratio Rank: 98

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.

XTAP vs. HOOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF (XTAP) 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.

	XTAP	HOOI	Difference
Sharpe ratio Return per unit of total volatility	4.50	—	—
Sortino ratio Return per unit of downside risk	7.78	—	—
Omega ratio Gain probability vs. loss probability	2.22	—	—
Calmar ratio Return relative to maximum drawdown	14.82	—	—
Martin ratio Return relative to average drawdown	78.70	—	—
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

	XTAP	HOOI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.50	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	-0.34	+1.14

Drawdowns

XTAP vs. HOOI - Drawdown Comparison

The maximum XTAP drawdown since its inception was -22.13%, smaller than the maximum HOOI drawdown of -58.34%. Use the drawdown chart below to compare losses from any high point for XTAP and HOOI.

Drawdown Indicators

	XTAP	HOOI	Difference
Max Drawdown Largest peak-to-trough decline	-22.13%	-58.34%	+36.21%
Max Drawdown (1Y) Largest decline over 1 year	-1.42%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.83%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.13%	—	—
Current Drawdown Current decline from peak	-0.21%	-57.31%	+57.10%
Average Drawdown Average peak-to-trough decline	-3.45%	-39.57%	+36.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.27%	—	—

Volatility

Volatility by Period

	XTAP	HOOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.70%	88.80%	-84.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.54%	88.80%	-74.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.41%	88.80%	-74.39%

XTAP vs. HOOI - Expense Ratio Comparison

XTAP has a 0.79% expense ratio, which is lower than HOOI's 1.51% expense ratio.

Dividends

XTAP vs. HOOI - Dividend Comparison

XTAP 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%
XTAP Innovator U.S. Equity Accelerated Plus ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both XTAP and HOOI in my portfolio?

XTAP and HOOI have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XTAP or HOOI?

On fees, XTAP is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XTAP or HOOI?

XTAP is cheaper with a 0.79% expense ratio, compared with 1.51% for HOOI.

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

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

What is the main difference between XTAP and HOOI?

They also come from different issuers: Innovator and Defiance. Their fees differ too: 0.79% for XTAP and 1.51% for HOOI.