ANEL vs. USOY

Last updated Jun 5, 2026

ANEL (Defiance Daily Target 2X Long ANET ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - ANEL 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 correlation of -0.06, they often move in opposite directions. ANEL charges 1.31%/yr vs 1.22%/yr for USOY.

Performance

ANEL vs. USOY - Performance Comparison

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

Returns By Period

In the year-to-date period, ANEL achieves a 30.41% return, which is significantly lower than USOY's 59.27% return.

ANEL

• 1D: -10.20%
• 1M: -10.70%
• YTD: 30.41%
• 6M: 32.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: -1.79%
• 1M: -3.80%
• YTD: 59.27%
• 6M: 55.41%
• 1Y: 54.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ANEL vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025
ANEL Defiance Daily Target 2X Long ANET ETF	30.41%	-23.33%
USOY Defiance Oil Enhanced Options Income ETF	59.27%	-5.40%

Correlation

The correlation between ANEL and USOY is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 5, 2025	-0.06

Return for Risk

ANEL vs. USOY — Risk / Return Rank

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

USOY

USOY Risk / Return Rank: 55
USOY Sharpe Ratio Rank: 54
USOY Sortino Ratio Rank: 45
USOY Omega Ratio Rank: 55
USOY Calmar Ratio Rank: 77
USOY Martin Ratio Rank: 46

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.

ANEL vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long ANET ETF (ANEL) 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.

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

Sharpe Ratios by Period

	ANEL	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.95	-0.95

Drawdowns

ANEL vs. USOY - Drawdown Comparison

The maximum ANEL drawdown since its inception was -56.57%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for ANEL and USOY.

Drawdown Indicators

	ANEL	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	-17.46%	-39.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.29%	—
Current Drawdown Current decline from peak	-19.37%	-6.81%	-12.56%
Average Drawdown Average peak-to-trough decline	-28.90%	-6.47%	-22.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.43%	—

Volatility

Volatility by Period

	ANEL	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	107.46%	30.50%	+76.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.46%	26.14%	+81.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.46%	26.14%	+81.32%

ANEL vs. USOY - Expense Ratio Comparison

ANEL has a 1.31% expense ratio, which is higher than USOY's 1.22% expense ratio.

Dividends

ANEL vs. USOY - Dividend Comparison

ANEL has not paid dividends to shareholders, while USOY's dividend yield for the trailing twelve months is around 56.65%.

Position	TTM	2025	2024
ANEL Defiance Daily Target 2X Long ANET ETF	0.00%	0.00%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	56.65%	104.32%	48.60%

Frequently Asked Questions

Can I hold both ANEL and USOY in my portfolio?

ANEL and USOY have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ANEL 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, ANEL or USOY?

USOY is cheaper with a 1.22% expense ratio, compared with 1.31% for ANEL.

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

USOY has the higher dividend yield at 56.65%, compared with 0.00% for ANEL.

What is the main difference between ANEL and USOY?

ANEL is categorized as Leveraged Equities, while USOY is Derivative Income. Their fees differ too: 1.31% for ANEL and 1.22% for USOY.