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

Over the window to Sep 30, 2026, HOOC finished 5.2 points from what its multiple implies and HOOX finished 15.6 points from its own, so HOOC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are HOOC and HOOX levered on the same thing?

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

Which one decays faster, HOOC or HOOX?

Decay follows how much the underlying moves about. Over this window HOOC’s moved at 77% annualized and HOOX’s at 71%, so HOOC has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold HOOC 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, HOOC or HOOX?

HOOC charges 0.45% a year and HOOX charges 1.32%, so HOOC is cheaper. Fees come from each fund's prospectus.

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HOOC vs HOOX: which held to its multiple?

Over the days both have traded, HOOC finished 5.2 points from its stated multiple and HOOX 5.5. Corgi HOOD 2x Daily ETF and Defiance Daily Target 2X Long HOOD ETF.

−12.1%

HOOC returned, since launch

−8.5%

HOOX returned, 3 months

−13.0 pts

HOOC from its stated multiple

−15.6 pts

HOOX from its stated multiple

HOOC · 1 month to Sep 30, 20265.2 pts short of its stated multiple

HOOC returned +9.4% while 2 times HOOD's move would have been +14.7%

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%

Performance, window by window

	Total return		Multiple would give		Difference
Window	HOOC	HOOX	HOOC	HOOX	HOOC	HOOX
1 month	+9.4%	+9.2%	+14.7%	+14.7%	−5.2 pts	−5.5 pts
3 months	not published	−8.5%	not published	+7.1%	not published	−15.6 pts
6 months	not published	+84.2%	not published	+120.9%	not published	−36.8 pts
1 year	not published	−69.4%	not published	−42.9%	not published	−26.5 pts
Since launch HOOC Jul 2026 · HOOX Mar 2025	−12.1%	+142.7%	+0.9%	not meaningful	−13.0 pts	not meaningful

HOOC 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

HOOC

Corgi HOOD 2x 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 Corgi Defiance

Sets out to return +2x +2x

Underlying asset HOOD HOOD

Segment company company

Fund returned, 3 months or since launch +9.4% −8.5%

Underlying returned, over that window +7.3% +3.5%

What the stated multiple implies, over that window +14.7% +7.1%

Difference from stated, over that window −5.2 pts −15.6 pts

Fund returned, 1 year or since launch −12.1% −69.4%

Difference from stated, over that window −13.0 pts −26.5 pts

Underlying volatility 77% 71%

Difference over the days both have traded −5.2 pts −5.5 pts

Expense ratio 0.45% 1.32%

Launched Jul 10, 2026 Mar 19, 2025

Net assets $310,033 $29m

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

HOOC in plain words

One month to Sep 30, 2026: HOOC returned +9.4% where its own daily promise gave +10.5%, 1.1 points short. Read the multiple against the whole window instead and 2 times HOOD's 7.3% implies +14.7%, which makes HOOC look 5.2 points short. 4.2 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. HOOC 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 77% 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. 11.4 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. HOOX aims to return +2 times HOOD's move each day, then resets. HOOD moved at 71% annualized over that window.

Questions people ask

Which came closer to its stated multiple, HOOC or HOOX?: Over the window to Sep 30, 2026, HOOC finished 5.2 points from what its multiple implies and HOOX finished 15.6 points from its own, so HOOC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are HOOC and HOOX levered on the same thing?: Yes. Both are levered on Robinhood Markets, HOOC at +2 times and HOOX at +2 times the daily move.
Which one decays faster, HOOC or HOOX?: Decay follows how much the underlying moves about. Over this window HOOC’s moved at 77% annualized and HOOX’s at 71%, so HOOC has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold HOOC 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, HOOC or HOOX?: HOOC charges 0.45% a year and HOOX charges 1.32%, so HOOC is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

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

Where these figures came from

HOOC filings on SEC EDGAR ↗HOOC prospectus with the expense ratio (SEC) ↗Corgi 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, HOOC against HOOX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/hooc-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.