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

Over the window to Sep 30, 2026, HOOX finished 15.6 points from what its multiple implies and ROBN finished 15.4 points from its own, so ROBN came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are HOOX and ROBN levered on the same thing?

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

Which one decays faster, HOOX or ROBN?

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

Can I hold HOOX or ROBN 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, HOOX or ROBN?

HOOX charges 1.32% a year and ROBN charges 1.05%, so ROBN is cheaper. Fees come from each fund's prospectus.

Share on X Download as PDF Open live

HOOX vs ROBN: which held to its multiple?

Over the days both have traded, HOOX finished 5.5 points from its stated multiple and ROBN 5.2. Defiance Daily Target 2X Long HOOD ETF and T-REX 2X LONG HOOD DAILY TARGET ETF.

−8.5%

HOOX returned, 3 months

−8.3%

ROBN returned, 3 months

−15.6 pts

HOOX from its stated multiple

−15.4 pts

ROBN from its stated multiple

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%

ROBN · 3 months to Sep 30, 202615.4 pts short of its stated multiple

ROBN returned −8.3% while 2 times HOOD's move would have been +7.1%

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

HOOX 21.3

ROBN 24.4

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	HOOX	ROBN	HOOX	ROBN	HOOX	ROBN
1 month	+9.2%	+9.5%	+14.7%	+14.7%	−5.5 pts	−5.2 pts
3 months	−8.5%	−8.3%	+7.1%	+7.1%	−15.6 pts	−15.4 pts
6 months	+84.2%	+84.5%	+120.9%	+120.9%	−36.8 pts	−36.5 pts
1 year	−69.4%	−68.8%	−42.9%	−42.9%	−26.5 pts	−26.0 pts
Since launch HOOX Mar 2025 · ROBN Jan 2025	+142.7%	+39.8%	not meaningful	not meaningful	not meaningful	not meaningful

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

On the same fields

HOOX

Defiance Daily Target 2X Long HOOD ETF · Aims to return twice the daily move of Robinhood Markets (HOOD)

ROBN

T-REX 2X LONG HOOD DAILY TARGET ETF · Aims to return twice the daily move of Robinhood Markets (HOOD)

Issuer Defiance T-REX

Sets out to return +2x +2x

Underlying asset HOOD HOOD

Segment company company

Fund returned, 3 months or since launch −8.5% −8.3%

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 −15.6 pts −15.4 pts

Fund returned, 1 year or since launch −69.4% −68.8%

Difference from stated, over that window −26.5 pts −26.0 pts

Underlying volatility 71% 71%

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

Expense ratio 1.32% 1.05%

Launched Mar 19, 2025 Jan 31, 2025

Net assets $29m $118m

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

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. 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.

ROBN in plain words

Three months to Sep 30, 2026: ROBN returned −8.3% where its own daily promise gave −4.3%, 4.0 points short. Read the multiple against the whole window instead and 2 times HOOD's 3.5% implies +7.1%, which makes ROBN look 15.4 points short. ROBN aims to return +2 times HOOD's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, HOOX or ROBN?: Over the window to Sep 30, 2026, HOOX finished 15.6 points from what its multiple implies and ROBN finished 15.4 points from its own, so ROBN came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are HOOX and ROBN levered on the same thing?: Yes. Both are levered on Robinhood Markets, HOOX at +2 times and ROBN at +2 times the daily move.
Which one decays faster, HOOX or ROBN?: Decay follows how much the underlying moves about. Over this window HOOX’s moved at 71% annualized and ROBN’s at 71%, so HOOX has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold HOOX or ROBN 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, HOOX or ROBN?: HOOX charges 1.32% a year and ROBN charges 1.05%, so ROBN is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

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

Where these figures came from

HOOX filings on SEC EDGAR ↗HOOX prospectus with the expense ratio (SEC) ↗Defiance page for HOOX ↗ROBN filings on SEC EDGAR ↗ROBN prospectus with the expense ratio (SEC) ↗T-REX page for ROBN ↗

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

Open data

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