BBB vs. USOY

Last updated Aug 2, 2026

BBB (CYBER HORNET S&P 500 and Bitcoin 75/25 Strategy ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - BBB is a Diversified Portfolio fund tracking the S&P 500 and S&P Bitcoin 75/25 Blend Index, while USOY is a Derivative Income fund actively managed by Defiance. BBB is passively managed, while USOY is actively managed. Over the past year, BBB returned 0.25% vs 41.94% for USOY. Their -0.04 correlation means they have often moved in opposite directions in the past. BBB charges 0.98%/yr vs 1.22%/yr for USOY.

Performance

BBB vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CYBER HORNET S&P 500 and Bitcoin 75/25 Strategy ETF (BBB) 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, BBB achieves a -0.67% return, which is significantly lower than USOY's 51.25% return.

BBB

• 1D: -0.16%
• 1M: 0.41%
• 6M: -0.59%
• YTD: -0.67%
• 1Y: 0.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.95%

USOY

• 1D: 1.10%
• 1M: 18.05%
• 6M: 38.09%
• YTD: 51.25%
• 1Y: 41.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.21%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BBB CYBER HORNET S&P 500 and Bitcoin 75/25 Strategy ETF	$66.52K	$79.94K	$49.31K
USOY Defiance Oil Enhanced Options Income ETF	$3.02M	$3.27M	$3.42M

BBB vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BBB CYBER HORNET S&P 500 and Bitcoin 75/25 Strategy ETF	-0.67%	9.73%	19.85%
USOY Defiance Oil Enhanced Options Income ETF	51.25%	-7.93%	6.13%

Correlation

The correlation between BBB and USOY is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.16
Correlation (All Time) Calculated using the full available price history since May 10, 2024	-0.04

The correlation between BBB and USOY shifts across timeframes, from -0.16 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BBB vs. USOY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BBB

BBB Risk / Return Rank: 10
BBB Sharpe Ratio Rank: 10
BBB Sortino Ratio Rank: 9
BBB Omega Ratio Rank: 9
BBB Calmar Ratio Rank: 10
BBB Martin Ratio Rank: 9

USOY

USOY Risk / Return Rank: 44
USOY Sharpe Ratio Rank: 46
USOY Sortino Ratio Rank: 43
USOY Omega Ratio Rank: 47
USOY Calmar Ratio Rank: 43
USOY Martin Ratio Rank: 41

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BBB vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CYBER HORNET S&P 500 and Bitcoin 75/25 Strategy ETF (BBB) 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.

	BBB	USOY	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	1.12	-1.21
Sortino ratio: Return per unit of downside risk	-0.00	1.59	-1.59
Omega ratio: Gain probability vs. loss probability	1.00	1.22	-0.22
Calmar ratio: Return relative to maximum drawdown	-0.09	1.53	-1.63
Martin ratio: Return relative to average drawdown	-0.22	4.54	-4.76

BBB vs. USOY - Sharpe Ratio Comparison

The current BBB Sharpe Ratio is -0.09, which is lower than the USOY Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of BBB and USOY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBB vs. USOY - Drawdown Comparison

The maximum BBB drawdown since its inception was -21.98%, smaller than the maximum USOY drawdown of -25.51%. Use the drawdown chart below to compare losses from any high point for BBB and USOY.

Drawdown Indicators

	BBB	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-21.98%	-25.51%	+3.53%
Max Drawdown (1Y) Largest decline over 1 year	-17.74%	-25.51%	+7.77%
Current Drawdown Current decline from peak	-7.70%	-11.50%	+3.80%
Average Drawdown Average peak-to-trough decline	-4.61%	-7.16%	+2.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.60%	8.81%	-1.21%

Volatility

BBB vs. USOY - Volatility Comparison

The current volatility for CYBER HORNET S&P 500 and Bitcoin 75/25 Strategy ETF (BBB) is 4.18%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 15.28%. This indicates that BBB 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

	BBB	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	15.28%	-11.10%
Volatility (6M) Calculated over the trailing 6-month period	13.66%	32.32%	-18.66%
Volatility (1Y) Calculated over the trailing 1-year period	18.18%	34.89%	-16.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.75%	28.20%	-6.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.75%	28.20%	-6.45%

BBB vs. USOY - Expense Ratio Comparison

BBB has a 0.98% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

BBB vs. USOY - Dividend Comparison

BBB's dividend yield for the trailing twelve months is around 0.16%, less than USOY's 56.58% yield.

Position	TTM	2025	2024
BBB CYBER HORNET S&P 500 and Bitcoin 75/25 Strategy ETF	0.16%	0.21%	6.74%
USOY Defiance Oil Enhanced Options Income ETF	56.58%	104.32%	48.60%

Frequently Asked Questions

Can I hold both BBB and USOY in my portfolio?

BBB and USOY have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBB or USOY?

USOY has higher volatility (15.28%) compared to BBB (4.18%). In terms of maximum drawdown, BBB dropped -21.98% vs USOY's -25.51%.

Which ETF is better, BBB or USOY?

On 1-year performance, USOY leads with 41.94% vs 0.25% for BBB. On fees, BBB is cheaper at 0.98% per year. On volatility, BBB has been the lower-risk option at 4.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBB or USOY?

Over the 1-year period, USOY has performed better with a 41.94% return vs 0.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBB or USOY?

BBB is cheaper with a 0.98% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 56.58%, compared with 0.16% for BBB.

What is the main difference between BBB and USOY?

BBB is categorized as Diversified Portfolio, while USOY is Derivative Income. They also come from different issuers: CYBER HORNET and Defiance. Their fees differ too: 0.98% for BBB and 1.22% for USOY.

Which has better risk-adjusted returns?

USOY currently has the higher Sharpe Ratio (1.12 vs -0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.