CTIF vs. USOY

Last updated Jun 27, 2026

CTIF (Castellan Targeted Income ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. Over the past year, CTIF returned 6.93% vs 25.61% for USOY. At a correlation of -0.17, they often move in opposite directions. CTIF charges 0.45%/yr vs 1.22%/yr for USOY.

Performance

CTIF vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Castellan Targeted Income ETF (CTIF) 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, CTIF achieves a 3.33% return, which is significantly lower than USOY's 29.48% return.

CTIF

• 1D: -0.92%
• 1M: -0.56%
• YTD: 3.33%
• 6M: 2.10%
• 1Y: 6.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: -2.45%
• 1M: -14.37%
• YTD: 29.48%
• 6M: 31.13%
• 1Y: 25.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CTIF vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025
CTIF Castellan Targeted Income ETF	3.33%	3.87%
USOY Defiance Oil Enhanced Options Income ETF	29.48%	-1.86%

Correlation

The correlation between CTIF and USOY is -0.16, 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	-0.16
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	-0.17

Return for Risk

CTIF vs. USOY — Risk / Return Rank

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

CTIF

CTIF Risk / Return Rank: 19
CTIF Sharpe Ratio Rank: 19
CTIF Sortino Ratio Rank: 17
CTIF Omega Ratio Rank: 17
CTIF Calmar Ratio Rank: 19
CTIF Martin Ratio Rank: 23

USOY

USOY Risk / Return Rank: 25
USOY Sharpe Ratio Rank: 24
USOY Sortino Ratio Rank: 23
USOY Omega Ratio Rank: 25
USOY Calmar Ratio Rank: 24
USOY Martin Ratio Rank: 28

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.

CTIF vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Castellan Targeted Income ETF (CTIF) 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.

	CTIF	USOY	Difference
Sharpe ratio: Return per unit of total volatility	0.59	0.84	-0.24
Sortino ratio: Return per unit of downside risk	0.92	1.23	-0.31
Omega ratio: Gain probability vs. loss probability	1.11	1.17	-0.06
Calmar ratio: Return relative to maximum drawdown	0.79	1.07	-0.28
Martin ratio: Return relative to average drawdown	2.85	3.77	-0.92

CTIF vs. USOY - Sharpe Ratio Comparison

The current CTIF Sharpe Ratio is 0.59, which is comparable to the USOY Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of CTIF 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

CTIF vs. USOY - Drawdown Comparison

The maximum CTIF drawdown since its inception was -9.43%, smaller than the maximum USOY drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for CTIF and USOY.

Drawdown Indicators

	CTIF	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-9.43%	-24.40%	+14.97%
Max Drawdown (1Y) Largest decline over 1 year	-9.43%	-24.40%	+14.97%
Current Drawdown Current decline from peak	-2.44%	-24.24%	+21.80%
Average Drawdown Average peak-to-trough decline	-1.85%	-6.73%	+4.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	6.92%	-4.32%

Volatility

CTIF vs. USOY - Volatility Comparison

The current volatility for Castellan Targeted Income ETF (CTIF) is 4.07%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.08%. This indicates that CTIF 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

	CTIF	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.07%	11.08%	-7.01%
Volatility (6M) Calculated over the trailing 6-month period	9.73%	28.97%	-19.24%
Volatility (1Y) Calculated over the trailing 1-year period	12.58%	31.28%	-18.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.58%	26.71%	-14.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.58%	26.71%	-14.13%

CTIF vs. USOY - Expense Ratio Comparison

CTIF has a 0.45% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

CTIF vs. USOY - Dividend Comparison

CTIF's dividend yield for the trailing twelve months is around 3.72%, less than USOY's 69.64% yield.

Position	TTM	2025	2024
CTIF Castellan Targeted Income ETF	3.72%	2.55%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	69.64%	104.32%	48.60%

Frequently Asked Questions

Can I hold both CTIF and USOY in my portfolio?

CTIF 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, CTIF or USOY?

USOY has higher volatility (11.08%) compared to CTIF (4.07%). In terms of maximum drawdown, CTIF dropped -9.43% vs USOY's -24.40%.

Which ETF is better, CTIF or USOY?

On 1-year performance, USOY leads with 25.61% vs 6.93% for CTIF. On fees, CTIF is cheaper at 0.45% per year. On volatility, CTIF has been the lower-risk option at 4.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CTIF or USOY?

Over the 1-year period, USOY has performed better with a 25.61% return vs 6.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CTIF or USOY?

CTIF is cheaper with a 0.45% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 69.64%, compared with 3.72% for CTIF.

What is the main difference between CTIF and USOY?

They also come from different issuers: Castellan and Defiance. Their fees differ too: 0.45% for CTIF and 1.22% for USOY.

Which has better risk-adjusted returns?

USOY currently has the higher Sharpe Ratio (0.84 vs 0.59), 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.