HOOX +2x Defiance Daily Target 2X Long HOOD ETF

BULL ETF standard · Issuer Defiance · Tracks HOOD · Listed 2025-03-18

Quote & options All leveraged ETFs

Implied AUM

$14.5M

shares out × price

Last close

$35.31

20261001

30-day avg volume

37,029

options listed →

HOOX realized

—

what holders actually earned

Theoretical +2x

—

+2x × HOOD's return

Decay gap

—

realized minus theoretical

Realized vs theoretical +2x HOOD

Cumulative return of HOOX against a clean +2x of HOOD's return over the same window; the red line (right axis) is the gap between them.

Other leveraged products on HOOD

Symbol	Factor	Direction	Issuer	Name	Implied AUM	30d volume	Options
ROBN	+2x	BULL	T-Rex	T-Rex 2X Long HOOD Daily Target ETF	$100.0M	905,655	✓
HOOG	+2x	BULL	Leverage Shares	Leverage Shares 2X Long HOOD Daily ETF	—	406,017	✓
HODU	+2x	BULL	Direxion	Direxion Daily HOOD Bull 2X ETF	—	158,456

How HOOX works

HOOX targets +2x the daily return of HOOD — not the return over longer windows. It rebalances every day, so over weeks and months its result drifts away from +2x × the index, usually downward when the market chops around.

The maths: the drag is roughly −½ × N × (N−1) × σ² per period (N = leverage, σ = the index's volatility). For a +2x fund on an index with 25% annual volatility that is several percent a year before fees — the red line above is that drag measured.

Short-term trades (a day or a few) are what these funds are built for. Premium sellers like their rich option IV — see the quote page. Multi-day directional bets work in strong trends and get eaten in chop.

Not investment advice.