Data as of .
HOOG vs HOOX: which held to its multiple?
Over the days both have traded, HOOG finished 6.4 points from its stated multiple and HOOX 6.8.
ETFIQ Decay Resistance Score: HOOG scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| HOOG | HOOX | HOOG | HOOX | HOOG | HOOX | |
| 1 month | +30.8% | +30.4% | +37.2% | +37.2% | −6.4 pts | −6.8 pts |
| 3 months | +23.9% | +23.3% | +41.6% | +41.6% | −17.7 pts | −18.3 pts |
| 6 months | +67.5% | +66.7% | +106.8% | +106.8% | −39.3 pts | −40.1 pts |
| 1 year | −53.9% | −54.8% | −8.8% | −8.8% | −45.1 pts | −46.0 pts |
| Since launch | +138.6% | +148.8% | not meaningful | not meaningful | not meaningful | not meaningful |
| HOOG Leverage Shares 2X Long HOOD Daily ETF Aims to return twice the daily move of Robinhood Markets (HOOD) | HOOX Defiance Daily Target 2X Long HOOD ETF Aims to return twice the daily move of Robinhood Markets (HOOD) | |
|---|---|---|
| Issuer | Leverage Shares | Defiance |
| Sets out to return | +2x | +2x |
| On | HOOD | HOOD |
| Segment | company | company |
| Fund returned, 3 months | +23.9% | +23.3% |
| Underlying returned, 3 months | +20.8% | +20.8% |
| What the stated multiple implies, 3 months | +41.6% | +41.6% |
| Difference from stated, 3 months | −17.7 pts | −18.3 pts |
| Fund returned, 1 year or since launch | −53.9% | −54.8% |
| Difference from stated, over that window | −45.1 pts | −46.0 pts |
| Underlying volatility | 74% | 74% |
| Difference over the days both have traded | −6.4 pts | −6.8 pts |
| Expense ratio | 0.85% | 1.32% |
| Launched | Mar 21, 2025 | Mar 19, 2025 |
HOOG in plain words
Three months to Sep 11, 2026: HOOG returned +23.9% where its own daily promise gave +29.0%, 5.1 points short. Read the multiple against the whole window instead and +2 times HOOD's 20.8% implies +41.6%, which makes HOOG look 17.7 points short. 12.6 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. HOOG aims to return +2 times HOOD's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. HOOD moved at 74% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
HOOX in plain words
Three months to Sep 11, 2026: HOOX returned +23.3% where its own daily promise gave +29.0%, 5.7 points short. Read the multiple against the whole window instead and +2 times HOOD's 20.8% implies +41.6%, which makes HOOX look 18.3 points short. HOOX aims to return +2 times HOOD's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, HOOG or HOOX?
- Over the window to Sep 11, 2026, HOOG finished 17.7 points from what its multiple implies and HOOX finished 18.3 points from its own, so HOOG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are HOOG and HOOX levered on the same thing?
- Yes. Both are levered on Robinhood Markets, HOOG at +2 times and HOOX at +2 times the daily move.
- Which one decays faster, HOOG or HOOX?
- Decay follows how much the underlying moves about. Over this window HOOG’s moved at 74% annualized and HOOX’s at 74%, so HOOG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold HOOG or HOOX for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, HOOG or HOOX?
- HOOG charges 0.85% a year and HOOX charges 1.32%, so HOOG is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, HOOG against HOOX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/HOOG-HOOX Free to use with attribution; the underlying files are at Open data.