HOOI vs. USOY

Last updated Jun 4, 2026

HOOI (Defiance Leveraged Long + Income HOOD ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - HOOI is a Leveraged Equities fund actively managed by Defiance, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. At a 0.01 correlation, their price movements are largely independent. HOOI charges 1.51%/yr vs 1.22%/yr for USOY.

Performance

HOOI vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Leveraged Long + Income HOOD ETF (HOOI) 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, HOOI achieves a -10.33% return, which is significantly lower than USOY's 62.18% return.

HOOI

• 1D: 0.00%
• 1M: 0.00%
• YTD: -10.33%
• 6M: -33.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: 1.45%
• 1M: -3.43%
• YTD: 62.18%
• 6M: 59.35%
• 1Y: 57.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOI vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025
HOOI Defiance Leveraged Long + Income HOOD ETF	-10.33%	-14.45%
USOY Defiance Oil Enhanced Options Income ETF	62.18%	-3.23%

Correlation

The correlation between HOOI and USOY is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	0.01

Return for Risk

HOOI vs. USOY — Risk / Return Rank

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

USOY

USOY Risk / Return Rank: 56
USOY Sharpe Ratio Rank: 55
USOY Sortino Ratio Rank: 46
USOY Omega Ratio Rank: 55
USOY Calmar Ratio Rank: 78
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.

HOOI vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long + Income HOOD ETF (HOOI) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HOOI	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.34	0.99	-1.33

Drawdowns

HOOI vs. USOY - Drawdown Comparison

The maximum HOOI drawdown since its inception was -58.34%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for HOOI and USOY.

Drawdown Indicators

	HOOI	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-58.34%	-17.46%	-40.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.29%	—
Current Drawdown Current decline from peak	-57.31%	-5.11%	-52.20%
Average Drawdown Average peak-to-trough decline	-39.57%	-6.47%	-33.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.42%	—

Volatility

Volatility by Period

	HOOI	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	88.80%	30.44%	+58.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.80%	26.13%	+62.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.80%	26.13%	+62.67%

HOOI vs. USOY - Expense Ratio Comparison

HOOI has a 1.51% expense ratio, which is higher than USOY's 1.22% expense ratio.

Dividends

HOOI vs. USOY - Dividend Comparison

HOOI's dividend yield for the trailing twelve months is around 52.10%, less than USOY's 54.16% yield.

Position	TTM	2025	2024
HOOI Defiance Leveraged Long + Income HOOD ETF	52.10%	41.26%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	54.16%	104.32%	48.60%

Frequently Asked Questions

Can I hold both HOOI and USOY in my portfolio?

HOOI and USOY have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOOI or USOY?

On fees, USOY is cheaper at 1.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOOI or USOY?

USOY is cheaper with a 1.22% expense ratio, compared with 1.51% for HOOI.

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

USOY has the higher dividend yield at 54.16%, compared with 52.10% for HOOI.

What is the main difference between HOOI and USOY?

HOOI is categorized as Leveraged Equities, while USOY is Derivative Income. Their fees differ too: 1.51% for HOOI and 1.22% for USOY.