DEFR vs. OSCV

Last updated Aug 4, 2026

DEFR (Aptus Deferred Income ETF) and OSCV (Opus Small Cap Value Plus ETF) are both exchange-traded funds - DEFR is a Intermediate Core-Plus Bond fund actively managed by Aptus, while OSCV is a Small Cap Blend Equities fund actively managed by Aptus. Both are actively managed. Over the past year, DEFR returned 3.04% vs 20.55% for OSCV. Their 0.36 correlation means their historical movements had little consistent relationship. Both charge a 0.79% expense ratio.

Performance

DEFR vs. OSCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus Deferred Income ETF (DEFR) and Opus Small Cap Value Plus ETF (OSCV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEFR achieves a -0.51% return, which is significantly lower than OSCV's 16.29% return.

DEFR

• 1D: 0.40%
• 1M: -0.45%
• 6M: -0.49%
• YTD: -0.51%
• 1Y: 3.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.10%

OSCV

• 1D: 0.80%
• 1M: 1.59%
• 6M: 9.58%
• YTD: 16.29%
• 1Y: 20.55%
• 3Y*: 10.71%
• 5Y*: 7.20%
• 10Y*: —
• ALL TIME*: 8.28%

*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)
DEFR Aptus Deferred Income ETF	$436.74K	$502.40K	$592.65K
OSCV Opus Small Cap Value Plus ETF	$3.49M	$3.20M	$2.42M

DEFR vs. OSCV - Yearly Performance Comparison

	2026 (YTD)	2025
DEFR Aptus Deferred Income ETF	-0.51%	6.80%
OSCV Opus Small Cap Value Plus ETF	16.29%	4.60%

Correlation

The correlation between DEFR and OSCV is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (All Time) Calculated using the full available price history since May 14, 2025	0.36

Return for Risk

DEFR vs. OSCV — Risk / Return Rank

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

DEFR

DEFR Risk / Return Rank: 24
DEFR Sharpe Ratio Rank: 25
DEFR Sortino Ratio Rank: 23
DEFR Omega Ratio Rank: 23
DEFR Calmar Ratio Rank: 24
DEFR Martin Ratio Rank: 22

OSCV

OSCV Risk / Return Rank: 67
OSCV Sharpe Ratio Rank: 64
OSCV Sortino Ratio Rank: 72
OSCV Omega Ratio Rank: 61
OSCV Calmar Ratio Rank: 73
OSCV Martin Ratio Rank: 63

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.

DEFR vs. OSCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Deferred Income ETF (DEFR) and Opus Small Cap Value Plus ETF (OSCV). 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.

	DEFR	OSCV	Difference
Sharpe ratio: Return per unit of total volatility	0.63	1.60	-0.97
Sortino ratio: Return per unit of downside risk	0.91	2.48	-1.57
Omega ratio: Gain probability vs. loss probability	1.11	1.28	-0.17
Calmar ratio: Return relative to maximum drawdown	0.78	2.73	-1.95
Martin ratio: Return relative to average drawdown	1.73	8.01	-6.27

DEFR vs. OSCV - Sharpe Ratio Comparison

The current DEFR Sharpe Ratio is 0.63, which is lower than the OSCV Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of DEFR and OSCV, 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

DEFR vs. OSCV - Drawdown Comparison

The maximum DEFR drawdown since its inception was -3.90%, smaller than the maximum OSCV drawdown of -42.40%. Use the drawdown chart below to compare losses from any high point for DEFR and OSCV.

Drawdown Indicators

	DEFR	OSCV	Difference
Max Drawdown Largest peak-to-trough decline	-3.90%	-42.40%	+38.50%
Max Drawdown (1Y) Largest decline over 1 year	-3.90%	-7.55%	+3.65%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.92%	—
Current Drawdown Current decline from peak	-2.80%	0.00%	-2.80%
Average Drawdown Average peak-to-trough decline	-1.16%	-7.46%	+6.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	2.57%	-0.81%

Volatility

DEFR vs. OSCV - Volatility Comparison

The current volatility for Aptus Deferred Income ETF (DEFR) is 1.28%, while Opus Small Cap Value Plus ETF (OSCV) has a volatility of 3.11%. This indicates that DEFR experiences smaller price fluctuations and is considered to be less risky than OSCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEFR	OSCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	3.11%	-1.83%
Volatility (6M) Calculated over the trailing 6-month period	3.46%	9.11%	-5.65%
Volatility (1Y) Calculated over the trailing 1-year period	4.90%	12.95%	-8.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.24%	17.13%	-11.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.24%	20.74%	-15.50%

DEFR vs. OSCV - Expense Ratio Comparison

Both DEFR and OSCV have an expense ratio of 0.79%.

Dividends

DEFR vs. OSCV - Dividend Comparison

DEFR has not paid dividends to shareholders, while OSCV's dividend yield for the trailing twelve months is around 1.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DEFR Aptus Deferred Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OSCV Opus Small Cap Value Plus ETF	1.04%	1.23%	1.29%	1.55%	1.12%	1.06%	1.11%	1.75%	0.25%

Frequently Asked Questions

Can I hold both DEFR and OSCV in my portfolio?

DEFR and OSCV have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DEFR or OSCV?

OSCV has higher volatility (3.11%) compared to DEFR (1.28%). In terms of maximum drawdown, DEFR dropped -3.90% vs OSCV's -42.40%.

Which ETF is better, DEFR or OSCV?

On 1-year performance, OSCV leads with 20.55% vs 3.04% for DEFR. Both ETFs have the same 0.79% expense ratio. On volatility, DEFR has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DEFR or OSCV?

Over the 1-year period, OSCV has performed better with a 20.55% return vs 3.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEFR or OSCV?

DEFR and OSCV have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, DEFR or OSCV?

OSCV has the higher dividend yield at 1.04%, compared with 0.00% for DEFR.

What is the main difference between DEFR and OSCV?

DEFR is categorized as Intermediate Core-Plus Bond, while OSCV is Small Cap Blend Equities.

Which has better risk-adjusted returns?

OSCV currently has the higher Sharpe Ratio (1.60 vs 0.63), 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.