EET vs. USOY
EET (ProShares Ultra MSCI Emerging Markets) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - EET is a Leveraged Equities fund tracking the MSCI Emerging Markets Index (200%), while USOY is a Derivative Income fund actively managed by Defiance. EET is passively managed, while USOY is actively managed. Over the past year, EET returned 118.88% vs 57.29% for USOY. At a correlation of -0.03, they often move in opposite directions. EET charges 0.95%/yr vs 1.22%/yr for USOY.
Performance
EET vs. USOY - Performance Comparison
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Returns By Period
In the year-to-date period, EET achieves a 54.14% return, which is significantly lower than USOY's 62.18% return.
EET
- 1D
- -2.52%
- 1M
- 17.51%
- YTD
- 54.14%
- 6M
- 60.18%
- 1Y
- 118.88%
- 3Y*
- 38.53%
- 5Y*
- 4.07%
- 10Y*
- 11.03%
USOY
- 1D
- 1.45%
- 1M
- -3.43%
- YTD
- 62.18%
- 6M
- 59.35%
- 1Y
- 57.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EET vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EET ProShares Ultra MSCI Emerging Markets | 54.14% | 63.14% | -4.38% |
USOY Defiance Oil Enhanced Options Income ETF | 62.18% | -7.93% | 7.27% |
Correlation
The correlation between EET and USOY is -0.30, 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 | -0.30 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | -0.03 |
Over the past year, the inverse relationship between EET and USOY has strengthened: their correlation has moved from -0.03 to -0.30, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
EET vs. USOY — Risk / Return Rank
EET
USOY
EET vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Emerging Markets (EET) 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.
| EET | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.35 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 4.03 | +0.50 |
| Martin ratioReturn relative to average drawdown | 16.64 | 7.74 | +8.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EET | USOY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 1.89 | +1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.99 | -0.87 |
Drawdowns
EET vs. USOY - Drawdown Comparison
The maximum EET drawdown since its inception was -71.66%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for EET and USOY.
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Drawdown Indicators
| EET | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.66% | -17.46% | -54.20% |
Max Drawdown (1Y)Largest decline over 1 year | -26.38% | -14.29% | -12.09% |
Max Drawdown (3Y)Largest decline over 3 years | -34.89% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -64.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -69.07% | — | — |
Current DrawdownCurrent decline from peak | -2.52% | -5.11% | +2.59% |
Average DrawdownAverage peak-to-trough decline | -37.27% | -6.47% | -30.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.17% | 7.42% | -0.25% |
Volatility
EET vs. USOY - Volatility Comparison
ProShares Ultra MSCI Emerging Markets (EET) has a higher volatility of 17.46% compared to Defiance Oil Enhanced Options Income ETF (USOY) at 11.62%. This indicates that EET's price experiences larger fluctuations and is considered to be riskier than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EET | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.46% | 11.62% | +5.84% |
Volatility (6M)Calculated over the trailing 6-month period | 34.52% | 27.18% | +7.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.66% | 30.44% | +9.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.78% | 26.13% | +11.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.60% | 26.13% | +14.47% |
EET vs. USOY - Expense Ratio Comparison
EET has a 0.95% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
EET vs. USOY - Dividend Comparison
EET's dividend yield for the trailing twelve months is around 1.23%, less than USOY's 54.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EET ProShares Ultra MSCI Emerging Markets | 1.23% | 1.82% | 3.85% | 2.14% | 0.00% | 0.00% | 0.01% | 1.40% | 0.16% |
USOY Defiance Oil Enhanced Options Income ETF | 54.16% | 104.32% | 48.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EET and USOY have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EET has higher volatility (17.46%) compared to USOY (11.62%). In terms of maximum drawdown, EET dropped -71.66% vs USOY's -17.46%.
On 1-year performance, EET leads with 118.88% vs 57.29% for USOY. On fees, EET is cheaper at 0.95% per year. On volatility, USOY has been the lower-risk option at 11.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EET has performed better with a 118.88% return vs 57.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EET is cheaper with a 0.95% expense ratio, compared with 1.22% for USOY.
USOY has the higher dividend yield at 54.16%, compared with 1.23% for EET.
EET is categorized as Leveraged Equities, while USOY is Derivative Income. They also come from different issuers: ProShares and Defiance. Their fees differ too: 0.95% for EET and 1.22% for USOY.
EET currently has the higher Sharpe Ratio (3.02 vs 1.89), 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.
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