BU vs. USOY

Last updated Jun 4, 2026

BU (Defiance Daily Target 2X Long B ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - BU 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 -0.22, they often move in opposite directions. BU charges 1.29%/yr vs 1.22%/yr for USOY.

Performance

BU vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long B ETF (BU) 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, BU achieves a -20.39% return, which is significantly lower than USOY's 62.18% return.

BU

• 1D: -5.94%
• 1M: 15.42%
• YTD: -20.39%
• 6M: -9.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: 1.45%
• 1M: -3.43%
• YTD: 62.18%
• 6M: 59.35%
• 1Y: 57.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BU vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025
BU Defiance Daily Target 2X Long B ETF	-20.39%	29.45%
USOY Defiance Oil Enhanced Options Income ETF	62.18%	-0.50%

Correlation

The correlation between BU and USOY is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	-0.22

Return for Risk

BU 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: 56
USOY Sharpe Ratio Rank: 55
USOY Sortino Ratio Rank: 46
USOY Omega Ratio Rank: 55
USOY Calmar Ratio Rank: 78
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.

BU vs. USOY - Risk-Adjusted Trends Comparison

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

	BU	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.99	-0.93

Drawdowns

BU vs. USOY - Drawdown Comparison

The maximum BU drawdown since its inception was -53.98%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for BU and USOY.

Drawdown Indicators

	BU	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-53.98%	-17.46%	-36.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.29%	—
Current Drawdown Current decline from peak	-45.10%	-5.11%	-39.99%
Average Drawdown Average peak-to-trough decline	-25.32%	-6.47%	-18.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.42%	—

Volatility

Volatility by Period

	BU	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	97.59%	30.44%	+67.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.59%	26.13%	+71.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.59%	26.13%	+71.46%

BU vs. USOY - Expense Ratio Comparison

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

Dividends

BU vs. USOY - Dividend Comparison

BU has not paid dividends to shareholders, while USOY's dividend yield for the trailing twelve months is around 54.16%.

Position	TTM	2025	2024
BU Defiance Daily Target 2X Long B ETF	0.00%	0.00%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	54.16%	104.32%	48.60%

Frequently Asked Questions

Can I hold both BU and USOY in my portfolio?

BU and USOY have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BU 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, BU or USOY?

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

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

USOY has the higher dividend yield at 54.16%, compared with 0.00% for BU.

What is the main difference between BU and USOY?

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