HOOX vs SPY
Defiance Daily Target 2X Long HOOD ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | HOOX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.29% | 0.09% | |
| AUM | $14M | $821.1B | |
| Dividend Yield | 12.17% | 1.01% | |
| Holdings | 10 | 505 | |
| YTD Return | -55.82% | +12.22% | |
| 1Y Return | -63.71% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 148.0% | 15.3% | |
| Max Drawdown | -88.6% | -56.5% | |
| Fund Family | Defiance ETFs, LLC | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Mar 18, 2025 | Jan 22, 1993 |
HOOX vs SPY Performance
Defiance Daily Target 2X Long HOOD ETF (HOOX) is a ETF from Defiance ETFs, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year HOOX returned -63.71% while SPY returned +20.83%. Year to date, HOOX is down 55.82% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
HOOX has been the more volatile fund, with annualized monthly volatility of 148.0% compared with 15.3% for SPY. 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 -56.5% for SPY. 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HOOX charges 1.29% per year while SPY charges 0.09%. On a $10,000 position that is $129 vs $9 annually, a gap of $120 per year that compounds over a long holding period. On income, HOOX currently yields 12.17% against 1.01% for SPY.
Holdings Overlap
HOOX and SPY share 0 holdings out of 505 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 SPY?
HOOX has an expense ratio of 1.29% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $120 per year of difference.
Which performed better, HOOX or SPY?
Over the past year HOOX returned -63.71% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), HOOX annualized +42.97% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, HOOX or SPY?
HOOX has been the more volatile fund at 148.0% annualized versus 15.3% for SPY. Worst drawdown: HOOX -88.6% vs SPY -56.5%.
Should I hold both HOOX and SPY?
HOOX and SPY have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HOOX and SPY?
HOOX and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, HOOX or SPY?
HOOX yields 12.17% while SPY yields 1.01%, so HOOX currently pays the higher dividend yield.
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