GMEU vs. USOY

Last updated Jun 5, 2026

GMEU (T-Rex 2X Long GME Daily Target ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - GMEU is a Leveraged Equities fund actively managed by T-Rex, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. Over the past year, GMEU returned -68.74% vs 54.64% for USOY. At a correlation of -0.09, they often move in opposite directions. GMEU charges 1.50%/yr vs 1.22%/yr for USOY.

Performance

GMEU vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long GME Daily Target ETF (GMEU) 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, GMEU achieves a -0.34% return, which is significantly lower than USOY's 59.27% return.

GMEU

• 1D: 0.12%
• 1M: -18.73%
• YTD: -0.34%
• 6M: -26.25%
• 1Y: -68.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: -1.79%
• 1M: -3.80%
• YTD: 59.27%
• 6M: 55.41%
• 1Y: 54.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMEU vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025
GMEU T-Rex 2X Long GME Daily Target ETF	-0.34%	-65.56%
USOY Defiance Oil Enhanced Options Income ETF	59.27%	1.07%

Correlation

The correlation between GMEU and USOY is -0.10, 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	-0.10
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025	-0.09

Return for Risk

GMEU vs. USOY — Risk / Return Rank

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

GMEU

GMEU Risk / Return Rank: 2
GMEU Sharpe Ratio Rank: 3
GMEU Sortino Ratio Rank: 3
GMEU Omega Ratio Rank: 2
GMEU Calmar Ratio Rank: 1
GMEU Martin Ratio Rank: 3

USOY

USOY Risk / Return Rank: 55
USOY Sharpe Ratio Rank: 54
USOY Sortino Ratio Rank: 45
USOY Omega Ratio Rank: 55
USOY Calmar Ratio Rank: 77
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.

GMEU vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long GME Daily Target ETF (GMEU) 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.

	GMEU	USOY	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	1.80	-2.61
Sortino ratio: Return per unit of downside risk	-1.12	2.21	-3.33
Omega ratio: Gain probability vs. loss probability	0.85	1.33	-0.48
Calmar ratio: Return relative to maximum drawdown	-0.95	3.84	-4.79
Martin ratio: Return relative to average drawdown	-1.20	7.37	-8.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GMEU vs. USOY - Sharpe Ratio Comparison

The current GMEU Sharpe Ratio is -0.81, which is lower than the USOY Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of GMEU 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.

Sharpe Ratios by Period

	GMEU	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.81	1.80	-2.61
Sharpe Ratio (All Time) Calculated using the full available price history	-0.70	0.95	-1.64

Drawdowns

GMEU vs. USOY - Drawdown Comparison

The maximum GMEU drawdown since its inception was -80.43%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for GMEU and USOY.

Drawdown Indicators

	GMEU	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-80.43%	-17.46%	-62.97%
Max Drawdown (1Y) Largest decline over 1 year	-72.75%	-14.29%	-58.46%
Current Drawdown Current decline from peak	-77.91%	-6.81%	-71.10%
Average Drawdown Average peak-to-trough decline	-63.24%	-6.47%	-56.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.19%	7.43%	+49.76%

Volatility

GMEU vs. USOY - Volatility Comparison

T-Rex 2X Long GME Daily Target ETF (GMEU) has a higher volatility of 24.54% compared to Defiance Oil Enhanced Options Income ETF (USOY) at 11.67%. This indicates that GMEU'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.

Volatility by Period

	GMEU	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.54%	11.67%	+12.87%
Volatility (6M) Calculated over the trailing 6-month period	57.61%	27.26%	+30.35%
Volatility (1Y) Calculated over the trailing 1-year period	85.15%	30.50%	+54.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.79%	26.14%	+63.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.79%	26.14%	+63.65%

GMEU vs. USOY - Expense Ratio Comparison

GMEU has a 1.50% expense ratio, which is higher than USOY's 1.22% expense ratio.

Dividends

GMEU vs. USOY - Dividend Comparison

GMEU has not paid dividends to shareholders, while USOY's dividend yield for the trailing twelve months is around 56.65%.

Position	TTM	2025	2024
GMEU T-Rex 2X Long GME Daily Target ETF	0.00%	0.00%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	56.65%	104.32%	48.60%

Frequently Asked Questions

Can I hold both GMEU and USOY in my portfolio?

GMEU and USOY have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GMEU or USOY?

GMEU has higher volatility (24.54%) compared to USOY (11.67%). In terms of maximum drawdown, GMEU dropped -80.43% vs USOY's -17.46%.

Which ETF is better, GMEU or USOY?

On 1-year performance, USOY leads with 54.64% vs -68.74% for GMEU. On fees, USOY is cheaper at 1.22% per year. On volatility, USOY has been the lower-risk option at 11.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GMEU or USOY?

Over the 1-year period, USOY has performed better with a 54.64% return vs -68.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GMEU or USOY?

USOY is cheaper with a 1.22% expense ratio, compared with 1.50% for GMEU.

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

USOY has the higher dividend yield at 56.65%, compared with 0.00% for GMEU.

What is the main difference between GMEU and USOY?

GMEU is categorized as Leveraged Equities, while USOY is Derivative Income. They also come from different issuers: T-Rex and Defiance. Their fees differ too: 1.50% for GMEU and 1.22% for USOY.

Which has better risk-adjusted returns?

USOY currently has the higher Sharpe Ratio (1.80 vs -0.81), 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.