AMA vs. USOY

Last updated Jul 21, 2026

AMA (Defiance Daily Target 2X Long AMAT ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - AMA is a Leveraged Equities fund actively managed by Defiance, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. AMA charges 1.29%/yr vs 1.22%/yr for USOY.

Performance

AMA vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long AMAT ETF (AMA) and Defiance Oil Enhanced Options Income ETF (USOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMA

• 1D: -1.48%
• 1M: -33.68%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

USOY

• 1D: 0.76%
• 1M: 7.45%
• 6M: 46.30%
• YTD: 48.30%
• 1Y: 38.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMA vs. USOY - Yearly Performance Comparison

	2026 (YTD)
AMA Defiance Daily Target 2X Long AMAT ETF	21.09%
USOY Defiance Oil Enhanced Options Income ETF	-8.63%

Correlation

The correlation between AMA and USOY is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.14

Return for Risk

AMA vs. USOY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

USOY

USOY Risk / Return Rank: 42
USOY Sharpe Ratio Rank: 45
USOY Sortino Ratio Rank: 42
USOY Omega Ratio Rank: 46
USOY Calmar Ratio Rank: 39
USOY Martin Ratio Rank: 39

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.

AMA vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AMAT ETF (AMA) and Defiance Oil Enhanced Options Income ETF (USOY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AMA	USOY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.20	—
Sortino ratio: Return per unit of downside risk	—	1.66	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.53	—
Martin ratio: Return relative to average drawdown	—	4.58	—

Drawdowns

AMA vs. USOY - Drawdown Comparison

The maximum AMA drawdown since its inception was -49.64%, which is greater than USOY's maximum drawdown of -25.51%. Use the drawdown chart below to compare losses from any high point for AMA and USOY.

Drawdown Indicators

	AMA	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-49.64%	-25.51%	-24.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.51%	—
Current Drawdown Current decline from peak	-49.64%	-13.23%	-36.41%
Average Drawdown Average peak-to-trough decline	-15.38%	-7.10%	-8.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.54%	—

Volatility

Volatility by Period

	AMA	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.93%	—
Volatility (1Y) Calculated over the trailing 1-year period	180.21%	32.63%	+147.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	180.21%	27.10%	+153.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	180.21%	27.10%	+153.11%

AMA vs. USOY - Expense Ratio Comparison

AMA has a 1.29% expense ratio, which is higher than USOY's 1.22% expense ratio.

Dividends

AMA vs. USOY - Dividend Comparison

AMA has not paid dividends to shareholders, while USOY's dividend yield for the trailing twelve months is around 58.00%.

Position	TTM	2025	2024
AMA Defiance Daily Target 2X Long AMAT ETF	0.00%	0.00%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	58.00%	104.32%	48.60%

Frequently Asked Questions

Can I hold both AMA and USOY in my portfolio?

AMA and USOY have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMA or USOY?

On fees, USOY is cheaper at 1.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMA or USOY?

USOY is cheaper with a 1.22% expense ratio, compared with 1.29% for AMA.

Which ETF pays a higher dividend yield, AMA or USOY?

USOY has the higher dividend yield at 58.00%, compared with 0.00% for AMA.

What is the main difference between AMA and USOY?

AMA is categorized as Leveraged Equities, while USOY is Derivative Income. Their fees differ too: 1.29% for AMA and 1.22% for USOY.