CRF vs. USOY

Last updated Jun 13, 2026

CRF (Cornerstone Total Return Fund, Inc.) and USOY (Defiance Oil Enhanced Options Income ETF) are both funds - CRF is a Large Cap Growth Equities fund managed by Cornerstone, while USOY is a Derivative Income fund actively managed by Defiance. Over the past year, CRF returned 12.90% vs 38.49% for USOY. At a correlation of -0.10, they often move in opposite directions. CRF charges 1.84%/yr vs 1.22%/yr for USOY.

Performance

CRF vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cornerstone Total Return Fund, Inc. (CRF) 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, CRF achieves a -3.31% return, which is significantly lower than USOY's 49.45% return.

CRF

• 1D: -0.28%
• 1M: -0.42%
• YTD: -3.31%
• 6M: -1.76%
• 1Y: 12.90%
• 3Y*: 15.78%
• 5Y*: 9.57%
• 10Y*: 11.48%

USOY

• 1D: -1.40%
• 1M: -10.51%
• YTD: 49.45%
• 6M: 49.95%
• 1Y: 38.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRF vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CRF Cornerstone Total Return Fund, Inc.	-3.31%	12.46%	25.08%
USOY Defiance Oil Enhanced Options Income ETF	49.45%	-7.93%	6.13%

Correlation

The correlation between CRF and USOY is -0.23, 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 (1Y) Calculated over the trailing 1-year period	-0.23
Correlation (All Time) Calculated using the full available price history since May 10, 2024	-0.11

The correlation between CRF and USOY shifts across timeframes, from -0.23 (1 year) to -0.10 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CRF vs. USOY — Risk / Return Rank

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

CRF

CRF Risk / Return Rank: 13
CRF Sharpe Ratio Rank: 14
CRF Sortino Ratio Rank: 14
CRF Omega Ratio Rank: 15
CRF Calmar Ratio Rank: 12
CRF Martin Ratio Rank: 13

USOY

USOY Risk / Return Rank: 46
USOY Sharpe Ratio Rank: 42
USOY Sortino Ratio Rank: 37
USOY Omega Ratio Rank: 44
USOY Calmar Ratio Rank: 66
USOY Martin Ratio Rank: 39

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.

CRF vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cornerstone Total Return Fund, Inc. (CRF) 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.

	CRF	USOY	Difference
Sharpe ratio: Return per unit of total volatility	0.75	1.33	-0.58
Sortino ratio: Return per unit of downside risk	1.14	1.75	-0.61
Omega ratio: Gain probability vs. loss probability	1.15	1.25	-0.10
Calmar ratio: Return relative to maximum drawdown	0.78	2.90	-2.12
Martin ratio: Return relative to average drawdown	2.59	5.46	-2.87

CRF vs. USOY - Sharpe Ratio Comparison

The current CRF Sharpe Ratio is 0.75, which is lower than the USOY Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of CRF 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

CRF vs. USOY - Drawdown Comparison

The maximum CRF drawdown since its inception was -80.70%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for CRF and USOY.

Drawdown Indicators

	CRF	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-80.70%	-17.46%	-63.24%
Max Drawdown (1Y) Largest decline over 1 year	-14.88%	-14.29%	-0.59%
Max Drawdown (3Y) Largest decline over 3 years	-29.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-43.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.90%	—	—
Current Drawdown Current decline from peak	-5.09%	-12.56%	+7.47%
Average Drawdown Average peak-to-trough decline	-22.31%	-6.49%	-15.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.48%	7.58%	-3.10%

Volatility

CRF vs. USOY - Volatility Comparison

The current volatility for Cornerstone Total Return Fund, Inc. (CRF) is 4.16%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 10.45%. This indicates that CRF 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

	CRF	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	10.45%	-6.29%
Volatility (6M) Calculated over the trailing 6-month period	13.41%	27.97%	-14.56%
Volatility (1Y) Calculated over the trailing 1-year period	15.41%	31.15%	-15.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.07%	26.34%	-1.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.86%	26.34%	-0.48%

CRF vs. USOY - Expense Ratio Comparison

CRF has a 1.84% expense ratio, which is higher than USOY's 1.22% expense ratio.

Dividends

CRF vs. USOY - Dividend Comparison

CRF's dividend yield for the trailing twelve months is around 19.63%, less than USOY's 61.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRF Cornerstone Total Return Fund, Inc.	19.63%	17.38%	14.32%	19.94%	29.31%	13.41%	18.91%	21.67%	24.85%	17.96%	24.08%	23.58%
USOY Defiance Oil Enhanced Options Income ETF	61.95%	104.32%	48.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CRF and USOY in my portfolio?

CRF and USOY have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRF or USOY?

USOY has higher volatility (10.45%) compared to CRF (4.16%). In terms of maximum drawdown, CRF dropped -80.70% vs USOY's -17.46%.

Which has better risk-adjusted returns?

USOY currently has the higher Sharpe Ratio (1.33 vs 0.75), 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.