Which came closer to its stated multiple, HODU or HOOX?

Over the window to Sep 30, 2026, HODU finished 14.5 points from what its multiple implies and HOOX finished 15.6 points from its own, so HODU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are HODU and HOOX levered on the same thing?

Yes. Both are levered on Robinhood Markets, HODU at +2 times and HOOX at +2 times the daily move.

Which one decays faster, HODU or HOOX?

Decay follows how much the underlying moves about. Over this window HODU’s moved at 71% annualized and HOOX’s at 71%, so HODU has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold HODU 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, HODU or HOOX?

HODU charges 0.97% a year and HOOX charges 1.32%, so HODU is cheaper. Fees come from each fund's prospectus.

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HODU vs HOOX: which held to its multiple?

Over the days both have traded, HODU finished 5.3 points from its stated multiple and HOOX 5.5. Direxion Daily HOOD Bull 2X ETF and Defiance Daily Target 2X Long HOOD ETF.

−7.4%

HODU returned, 3 months

−8.5%

HOOX returned, 3 months

−14.5 pts

HODU from its stated multiple

−15.6 pts

HOOX from its stated multiple

HODU · 3 months to Sep 30, 202614.5 pts short of its stated multiple

HODU returned −7.4% while 2 times HOOD's move would have been +7.1%

HOOX · 3 months to Sep 30, 202615.6 pts short of its stated multiple

HOOX returned −8.5% while 2 times HOOD's move would have been +7.1%

ETFIQ Decay Resistance Score · HODU scores higherDid it keep up with its own daily multiple, compounded day by day?

HODU 38.6

HOOX 21.3

0.1, the lowest in this set99.9, the highest

A percentile among the 470 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

	Total return		Multiple would give		Difference
Window	HODU	HOOX	HODU	HOOX	HODU	HOOX
1 month	+9.4%	+9.2%	+14.7%	+14.7%	−5.3 pts	−5.5 pts
3 months	−7.4%	−8.5%	+7.1%	+7.1%	−14.5 pts	−15.6 pts
6 months	+86.1%	+84.2%	+120.9%	+120.9%	−34.8 pts	−36.8 pts
1 year	not published	−69.4%	not published	−42.9%	not published	−26.5 pts
Since launch HODU Nov 2025 · HOOX Mar 2025	−49.1%	+142.7%	−9.6%	not meaningful	−39.5 pts	not meaningful

HODU and HOOX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

HODU

Direxion Daily HOOD Bull 2X 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 Direxion Defiance

Sets out to return +2x +2x

Underlying asset HOOD HOOD

Segment company company

Fund returned, 3 months or since launch −7.4% −8.5%

Underlying returned, over that window +3.5% +3.5%

What the stated multiple implies, over that window +7.1% +7.1%

Difference from stated, over that window −14.5 pts −15.6 pts

Fund returned, 1 year or since launch −49.1% −69.4%

Difference from stated, over that window −39.5 pts −26.5 pts

Underlying volatility 71% 71%

Difference over the days both have traded −5.3 pts −5.5 pts

Expense ratio 0.97% 1.32%

Launched Nov 19, 2025 Mar 19, 2025

Net assets $12m $29m

HODU and HOOX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

HODU in plain words

Three months to Sep 30, 2026: HODU returned −7.4% where its own daily promise gave −4.3%, 3.1 points short. Read the multiple against the whole window instead and 2 times HOOD's 3.5% implies +7.1%, which makes HODU look 14.5 points short. 11.4 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. HODU 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 71% 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 30, 2026: HOOX returned −8.5% where its own daily promise gave −4.3%, 4.1 points short. Read the multiple against the whole window instead and 2 times HOOD's 3.5% implies +7.1%, which makes HOOX look 15.6 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, HODU or HOOX?: Over the window to Sep 30, 2026, HODU finished 14.5 points from what its multiple implies and HOOX finished 15.6 points from its own, so HODU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are HODU and HOOX levered on the same thing?: Yes. Both are levered on Robinhood Markets, HODU at +2 times and HOOX at +2 times the daily move.
Which one decays faster, HODU or HOOX?: Decay follows how much the underlying moves about. Over this window HODU’s moved at 71% annualized and HOOX’s at 71%, so HODU has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold HODU 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, HODU or HOOX?: HODU charges 0.97% a year and HOOX charges 1.32%, so HODU is cheaper. Fees come from each fund's prospectus.

Other comparisons

HODU vs HOOC HODU vs HOOG HODU vs ROBN HOOX vs ROBN HOOX vs HOOC HOOX vs HOOG

HODU on its own →HOOX on its own →How every figure is computed →Standards and sources →

Where these figures came from

HODU filings on SEC EDGAR ↗HODU prospectus with the expense ratio (SEC) ↗Direxion website ↗HOOX filings on SEC EDGAR ↗HOOX prospectus with the expense ratio (SEC) ↗Defiance page for HOOX ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, HODU against HOOX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/hodu-vs-hoox

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.