# HOOX (Defiance Daily Target 2X Long HOOD ETF)

Defiance · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: HOOX returned +23.3% where its own daily promise gave +29.0%, 5.7 points short.

## Key facts

- HOOX, what HOOD did: +20.8%, as of Sep 11, 2026.
- HOOX, what +2 times a day gives: +29.0%, as of Sep 11, 2026.
- HOOX, what the fund returned: +23.3%, as of Sep 11, 2026.
- HOOX, the fund itself cost: −5.7 pts, as of Sep 11, 2026.
- HOOX, net assets: $15m (source, as filed for Apr 30, 2026).
- HOOX, expense ratio: 1.32% (485BPOS XBRL, Aug 26, 2026).

## HOOX over each window to Sep 11, 2026

| Window | Fund | HOOD | +2x the move | Difference | HOOD moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +30.4% | +18.6% | +37.2% | −6.8 pts | 91% |
| 3 months | +23.3% | +20.8% | +41.6% | −18.3 pts | 74% |
| 6 months | +66.7% | +53.4% | +106.8% | −40.1 pts | 73% |
| 1 year | −54.8% | −4.4% | −8.8% | −46.0 pts | 72% |
| Since launch | +148.8% | +163.0% | not meaningful over this window | not meaningful over this window | 72% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of HOOD, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.12 times, against +2 stated | ETFIQ |
| Underlying | HOOD | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $15m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.32% | 485BPOS XBRL, Aug 26, 2026 |
| Launched | Mar 19, 2025 | ETFIQ |
| Underlying volatility over the window | 74% annualized | ETFIQ |

## Questions

### Did HOOX return +2 times HOOD?

Over the window to Sep 11, 2026, HOOD moved +20.8% and HOOX returned +23.3%. 2 times that move is +41.6%, so the fund came out 18.3 points short of it.

### Why does HOOX not return +2 times over a year?

Because it resets daily. HOOX aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x HOOD ETF tracked its stated multiple most closely?

5 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, HOOX, data as of Sep 11, 2026. https://etfiq.com/funds/HOOX
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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