BALI vs. USOY

Last updated Apr 1, 2026

Compare and contrast key facts about Blackrock Advantage Large Cap Income ETF (BALI) and Defiance Oil Enhanced Options Income ETF (USOY).

BALI and USOY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BALI is an actively managed fund by BlackRock. It was launched on Sep 26, 2023. USOY is an actively managed fund by Defiance. It was launched on May 9, 2024.

Performance

BALI vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock Advantage Large Cap Income ETF (BALI) and Defiance Oil Enhanced Options Income ETF (USOY). The values are adjusted to include any dividend payments, if applicable.

BALI vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BALI Blackrock Advantage Large Cap Income ETF	-1.60%	14.51%	11.80%
USOY Defiance Oil Enhanced Options Income ETF	60.22%	-7.93%	7.27%

Returns By Period

In the year-to-date period, BALI achieves a -1.60% return, which is significantly lower than USOY's 60.22% return.

BALI

• 1D: 2.56%
• 1M: -3.85%
• YTD: -1.60%
• 6M: 0.88%
• 1Y: 16.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

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

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

BALI vs. USOY - Expense Ratio Comparison

BALI has a 0.35% expense ratio, which is lower than USOY's 1.22% expense ratio.

USOY

Defiance Oil Enhanced Options Income ETF

BALI

Blackrock Advantage Large Cap Income ETF

Return for Risk

BALI vs. USOY — Risk / Return Rank

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

BALI

BALI Risk / Return Rank: 70
BALI Sharpe Ratio Rank: 65
BALI Sortino Ratio Rank: 67
BALI Omega Ratio Rank: 72
BALI Calmar Ratio Rank: 68
BALI Martin Ratio Rank: 80

USOY

USOY Risk / Return Rank: 80
USOY Sharpe Ratio Rank: 87
USOY Sortino Ratio Rank: 84
USOY Omega Ratio Rank: 83
USOY Calmar Ratio Rank: 89
USOY Martin Ratio Rank: 58

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.

BALI vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock Advantage Large Cap Income ETF (BALI) 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.

	BALI	USOY	Difference
Sharpe ratio Return per unit of total volatility	1.09	1.75	-0.66
Sortino ratio Return per unit of downside risk	1.60	2.20	-0.60
Omega ratio Gain probability vs. loss probability	1.26	1.32	-0.06
Calmar ratio Return relative to maximum drawdown	1.63	2.91	-1.28
Martin ratio Return relative to average drawdown	8.32	5.47	+2.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BALI vs. USOY - Sharpe Ratio Comparison

The current BALI Sharpe Ratio is 1.09, which is lower than the USOY Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of BALI and USOY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BALI	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	1.75	-0.66
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	1.24	+0.13

Correlation

The correlation between BALI and USOY is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

BALI vs. USOY - Dividend Comparison

BALI's dividend yield for the trailing twelve months is around 8.74%, less than USOY's 64.71% yield.

	TTM	2025	2024	2023
BALI Blackrock Advantage Large Cap Income ETF	8.74%	8.51%	7.13%	2.13%
USOY Defiance Oil Enhanced Options Income ETF	64.71%	104.32%	48.60%	0.00%

Drawdowns

BALI vs. USOY - Drawdown Comparison

The maximum BALI drawdown since its inception was -16.65%, roughly equal to the maximum USOY drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for BALI and USOY.

Drawdown Indicators

	BALI	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-16.65%	-17.46%	+0.81%
Max Drawdown (1Y) Largest decline over 1 year	-10.86%	-15.70%	+4.84%
Current Drawdown Current decline from peak	-4.32%	-0.54%	-3.78%
Average Drawdown Average peak-to-trough decline	-1.70%	-6.56%	+4.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	8.34%	-6.22%

Volatility

BALI vs. USOY - Volatility Comparison

The current volatility for Blackrock Advantage Large Cap Income ETF (BALI) is 4.59%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.94%. This indicates that BALI experiences smaller price fluctuations and is considered to be less risky than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BALI	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	11.94%	-7.35%
Volatility (6M) Calculated over the trailing 6-month period	7.93%	18.38%	-10.45%
Volatility (1Y) Calculated over the trailing 1-year period	15.60%	25.35%	-9.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.14%	22.37%	-9.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.14%	22.37%	-9.23%