BILT vs. USOY

Last updated Jun 5, 2026

BILT (iShares Infrastructure Active ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - BILT is a Utilities Equities fund actively managed by iShares, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. At a correlation of -0.04, they often move in opposite directions. BILT charges 0.60%/yr vs 1.22%/yr for USOY.

Performance

BILT vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Infrastructure Active ETF (BILT) 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, BILT achieves a 12.84% return, which is significantly lower than USOY's 59.27% return.

BILT

• 1D: 0.40%
• 1M: -1.04%
• YTD: 12.84%
• 6M: 12.40%
• 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)

BILT vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025
BILT iShares Infrastructure Active ETF	12.84%	3.99%
USOY Defiance Oil Enhanced Options Income ETF	59.27%	-8.17%

Correlation

The correlation between BILT and USOY is -0.04, 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 Aug 1, 2025	-0.04

Return for Risk

BILT 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.

BILT vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Infrastructure Active ETF (BILT) 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

	BILT	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	2.05	0.95	+1.10

Drawdowns

BILT vs. USOY - Drawdown Comparison

The maximum BILT drawdown since its inception was -5.38%, smaller than the maximum USOY drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for BILT and USOY.

Drawdown Indicators

	BILT	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-5.38%	-17.46%	+12.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.29%	—
Current Drawdown Current decline from peak	-1.97%	-6.81%	+4.84%
Average Drawdown Average peak-to-trough decline	-1.44%	-6.47%	+5.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.43%	—

Volatility

Volatility by Period

	BILT	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	10.26%	30.50%	-20.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.26%	26.14%	-15.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.26%	26.14%	-15.88%

BILT vs. USOY - Expense Ratio Comparison

BILT has a 0.60% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

BILT vs. USOY - Dividend Comparison

BILT's dividend yield for the trailing twelve months is around 1.33%, less than USOY's 56.65% yield.

Position	TTM	2025	2024
BILT iShares Infrastructure Active ETF	1.33%	0.99%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	56.65%	104.32%	48.60%

Frequently Asked Questions

Can I hold both BILT and USOY in my portfolio?

BILT and USOY have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BILT or USOY?

On fees, BILT is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BILT or USOY?

BILT is cheaper with a 0.60% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 56.65%, compared with 1.33% for BILT.

What is the main difference between BILT and USOY?

BILT is categorized as Utilities Equities, while USOY is Derivative Income. They also come from different issuers: iShares and Defiance. Their fees differ too: 0.60% for BILT and 1.22% for USOY.