HOOX vs QQQ
Defiance Daily Target 2X Long HOOD ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | HOOX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.29% | 0.18% | |
| AUM | $14M | $496.3B | |
| Dividend Yield | 12.17% | 0.44% | |
| Holdings | 10 | 108 | |
| YTD Return | -43.74% | +16.64% | |
| 1Y Return | -54.78% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 151.6% | 30.6% | |
| Max Drawdown | -88.6% | -83.0% | |
| Fund Family | Defiance ETFs, LLC | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 18, 2025 | Mar 10, 1999 |
HOOX vs QQQ Performance
Defiance Daily Target 2X Long HOOD ETF (HOOX) is a ETF from Defiance ETFs, LLC and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year HOOX returned -54.78% while QQQ returned +27.27%. Year to date, HOOX is down 43.74% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
HOOX has been the more volatile fund, with annualized monthly volatility of 151.6% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -88.6% for HOOX and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HOOX charges 1.29% per year while QQQ charges 0.18%. On a $10,000 position that is $129 vs $18 annually, a gap of $111 per year that compounds over a long holding period. On income, HOOX currently yields 12.17% against 0.44% for QQQ.
Holdings Overlap
HOOX and QQQ share 0 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HOOX or QQQ?
HOOX has an expense ratio of 1.29% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $111 per year of difference.
Which performed better, HOOX or QQQ?
Over the past year HOOX returned -54.78% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), HOOX annualized +69.31% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, HOOX or QQQ?
HOOX has been the more volatile fund at 151.6% annualized versus 30.6% for QQQ. Worst drawdown: HOOX -88.6% vs QQQ -83.0%.
Should I hold both HOOX and QQQ?
HOOX and QQQ have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HOOX and QQQ?
HOOX and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, HOOX or QQQ?
HOOX yields 12.17% while QQQ yields 0.44%, so HOOX currently pays the higher dividend yield.
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