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Defiance Oil Enhanced Options Income ETF (USOY)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

Issuer
Defiance
Inception Date
May 9, 2024
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Distribution Policy
Distributing
Asset Class
Commodity

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Defiance Oil Enhanced Options Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Defiance Oil Enhanced Options Income ETF (USOY) has returned 60.22% so far this year and 44.25% over the past 12 months.


Defiance Oil Enhanced Options Income ETF

1D
-0.54%
1M
34.04%
YTD
60.22%
6M
55.39%
1Y
44.25%
3Y*
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since May 10, 2024, USOY's average daily return is +0.11%, while the average monthly return is +2.32%. At this rate, your investment would double in approximately 2.5 years.

Historically, 57% of months were positive and 43% were negative. The best month was Mar 2026 with a return of +34.0%, while the worst month was Apr 2025 at -13.5%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 5 months.

On a daily basis, USOY closed higher 60% of trading days. The best single day was Apr 9, 2025 with a return of +5.8%, while the worst single day was Mar 23, 2026 at -6.2%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20269.53%9.13%34.04%60.22%
20253.34%-1.83%0.80%-13.45%4.81%2.31%5.64%-1.75%-3.63%-1.91%-0.03%-1.10%-7.93%
20240.02%3.20%-2.21%-4.02%-2.77%3.63%3.85%5.81%7.27%

Benchmark Metrics

Defiance Oil Enhanced Options Income ETF has an annualized alpha of 26.61%, beta of 0.26, and R² of 0.04 versus S&P 500 Index. Calculated based on daily prices since May 13, 2024.

  • This ETF captured 34.27% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -249.04%) — a profile typical of hedging or uncorrelated assets.
  • Beta of 0.26 may look defensive, but with R² of 0.04 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R² of 0.04 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
26.61%
Beta
0.26
0.04
Upside Capture
34.27%
Downside Capture
-249.04%

Expense Ratio

USOY has a high expense ratio of 1.22%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

USOY ranks 78 for risk / return — better than 78% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


USOY Risk / Return Rank: 7878
Overall Rank
USOY Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
USOY Sortino Ratio Rank: 8282
Sortino Ratio Rank
USOY Omega Ratio Rank: 8080
Omega Ratio Rank
USOY Calmar Ratio Rank: 8888
Calmar Ratio Rank
USOY Martin Ratio Rank: 5454
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Defiance Oil Enhanced Options Income ETF (USOY) and compare them to a chosen benchmark (S&P 500 Index).


USOYBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.75

0.90

+0.86

Sortino ratio

Return per unit of downside risk

2.20

1.39

+0.81

Omega ratio

Gain probability vs. loss probability

1.32

1.21

+0.11

Calmar ratio

Return relative to maximum drawdown

2.91

1.40

+1.51

Martin ratio

Return relative to average drawdown

5.47

6.61

-1.14

Explore USOY risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Defiance Oil Enhanced Options Income ETF provided a 64.71% dividend yield over the last twelve months, with an annual payout of $5.97 per share.


50.00%60.00%70.00%80.00%90.00%100.00%$0.00$1.00$2.00$3.00$4.00$5.00$6.00$7.0020242025
Dividends
Dividend Yield
PeriodTTM20252024
Dividend$5.97$6.79$6.83

Dividend yield

64.71%104.32%48.60%

Monthly Dividends

The table displays the monthly dividend distributions for Defiance Oil Enhanced Options Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.25$0.28$0.37$0.89
2025$0.00$1.01$0.71$0.80$0.54$1.12$0.72$0.48$0.36$0.44$0.31$0.30$6.79
2024$0.72$2.01$0.00$1.06$0.61$0.78$1.66$6.83

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Defiance Oil Enhanced Options Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Defiance Oil Enhanced Options Income ETF was 17.46%, occurring on Apr 8, 2025. Recovery took 217 trading sessions.

The current Defiance Oil Enhanced Options Income ETF drawdown is 0.54%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-17.46%Jan 21, 202555Apr 8, 2025217Feb 19, 2026272
-14.34%Jul 8, 202446Sep 10, 202477Dec 30, 2024123
-6.18%Mar 23, 20261Mar 23, 20264Mar 27, 20265
-5.96%May 29, 20245Jun 4, 202411Jun 20, 202416
-2.51%May 20, 20244May 23, 20242May 28, 20246

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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