HOOX vs SPY
Defiance Daily Target 2X Long HOOD ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, HOOX or SPY?
Leverage Strategy against Large Cap Blend.
SPY has a lower expense ratio. HOOX led over the full window, SPY over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HOOX | SPY |
|---|---|---|
| Expense Ratio | 1.29% | 0.09%Best |
| AUM | $15M | $804.7B |
| Dividend Yield | 8.76% | 0.98% |
| Holdings | 20 | 505 |
| YTD Return | -40.85% | +11.52%Best |
| 1Y Return | -59.48% | +17.48%Best |
| 3Y Return (annualized) | - | +20.62% |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 145.3% | 12.1%Best |
| Max Drawdown | -88.6% | -13.7%Best |
| $10,000 over 1.5 years | $22,510Best | $13,653 |
| Fund Family | Defiance ETFs, LLC | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Leverage Strategy | Large Cap Blend |
| Inception | Mar 18, 2025 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 19, 2025 to Sep 10, 2026 (1.5 years).
HOOX vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
HOOX vs SPY Performance
Defiance Daily Target 2X Long HOOD ETF (HOOX) is an ETF from Defiance ETFs, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year HOOX returned -59.48% while SPY returned +17.48%. Year to date, HOOX is down 40.85% versus a gain of 11.52% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HOOX has been the more volatile fund, with annualized monthly volatility of 145.3% compared with 12.1% 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 -13.7% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.54. They move together some of the time, and apart the rest.
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 8.76% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 2 holdings in HOOX and 504 in SPY, totalling 43.8% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in HOOX and 504 in SPY, against full books of 20 and 505.
You are not choosing between two funds in isolation.
Whichever of HOOX and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $120 a year on a $10,000 investment.
Which performed better, HOOX or SPY?
Over the past year HOOX returned -59.48% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), HOOX annualized +71.76% vs +23.07% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HOOX or SPY?
HOOX has been the more volatile fund at 145.3% annualized versus 12.1% for SPY. Worst drawdown: HOOX -88.6% vs SPY -13.7%.
Should I hold both HOOX and SPY?
HOOX and SPY have a monthly-return correlation of 0.54, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HOOX or SPY?
HOOX yields 8.76% while SPY yields 0.98%, so HOOX currently pays the higher dividend yield.
Is SPY better than HOOX?
SPY has a lower expense ratio. HOOX led over the full window, SPY over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.