Leveraged Long + Income HOOD ETF

Frequently Asked Questions About HOOI

What does HOOI invest in?

An actively managed ETF aiming to deliver approximately 150% to 200% of the daily price performance of Robinhood Markets (HOOD) through derivatives like swap agreements, while also generating income using a credit call spread strategy.

What is the expense ratio of HOOI?

Leveraged Long + Income HOOD ETF (HOOI) charges an expense ratio of 1.51%. This is the annual fee deducted from fund assets to cover management and operations.

Is HOOI a good long-term hold?

HOOI is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does HOOI's daily reset work?

HOOI rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is HOOI?

Leveraged Long + Income HOOD ETF (HOOI) manages $2.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is HOOI actively managed or an index fund?

HOOI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.