HOYY vs. USOY
HOYY (GraniteShares YieldBOOST HOOD ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.10, they often move in opposite directions. HOYY charges 1.07%/yr vs 1.22%/yr for USOY.
Performance
HOYY vs. USOY - Performance Comparison
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Returns By Period
In the year-to-date period, HOYY achieves a -29.50% return, which is significantly lower than USOY's 62.18% return.
HOYY
- 1D
- -0.42%
- 1M
- 0.36%
- YTD
- -29.50%
- 6M
- -37.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USOY
- 1D
- 1.45%
- 1M
- -3.43%
- YTD
- 62.18%
- 6M
- 59.35%
- 1Y
- 57.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOYY vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOYY GraniteShares YieldBOOST HOOD ETF | -29.50% | -24.36% |
USOY Defiance Oil Enhanced Options Income ETF | 62.18% | -3.01% |
Correlation
The correlation between HOYY and USOY is -0.10, 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 Oct 1, 2025 | -0.10 |
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Return for Risk
HOYY vs. USOY — Risk / Return Rank
HOYY
USOY
HOYY vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST HOOD ETF (HOYY) 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.
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Sharpe Ratios by Period
| HOYY | 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 | -1.65 | 0.99 | -2.64 |
Drawdowns
HOYY vs. USOY - Drawdown Comparison
The maximum HOYY drawdown since its inception was -51.54%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for HOYY and USOY.
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Drawdown Indicators
| HOYY | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.54% | -17.46% | -34.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.29% | — |
Current DrawdownCurrent decline from peak | -49.50% | -5.11% | -44.39% |
Average DrawdownAverage peak-to-trough decline | -32.56% | -6.47% | -26.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.42% | — |
Volatility
HOYY vs. USOY - Volatility Comparison
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Volatility by Period
| HOYY | 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 | 37.03% | 30.44% | +6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.03% | 26.13% | +10.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.03% | 26.13% | +10.90% |
HOYY vs. USOY - Expense Ratio Comparison
HOYY has a 1.07% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
HOYY vs. USOY - Dividend Comparison
HOYY's dividend yield for the trailing twelve months is around 187.33%, more than USOY's 54.16% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HOYY GraniteShares YieldBOOST HOOD ETF | 187.33% | 50.51% | 0.00% |
USOY Defiance Oil Enhanced Options Income ETF | 54.16% | 104.32% | 48.60% |
Frequently Asked Questions
HOYY 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.
On fees, HOYY is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HOYY is cheaper with a 1.07% expense ratio, compared with 1.22% for USOY.
HOYY has the higher dividend yield at 187.33%, compared with 54.16% for USOY.
They also come from different issuers: GraniteShares and Defiance. Their fees differ too: 1.07% for HOYY and 1.22% for USOY.
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