ITDD vs. USOY

Last updated Jun 4, 2026

ITDD (Ishares Lifepath Target Date 2040 ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - ITDD is a Target Retirement Date fund actively managed by iShares, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. Over the past year, ITDD returned 22.20% vs 57.29% for USOY. At a correlation of -0.12, they often move in opposite directions. ITDD charges 0.11%/yr vs 1.22%/yr for USOY.

Performance

ITDD vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ishares Lifepath Target Date 2040 ETF (ITDD) 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, ITDD achieves a 9.09% return, which is significantly lower than USOY's 62.18% return.

ITDD

• 1D: -0.70%
• 1M: 3.34%
• YTD: 9.09%
• 6M: 9.49%
• 1Y: 22.20%
• 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)

ITDD vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ITDD Ishares Lifepath Target Date 2040 ETF	9.09%	17.66%	7.44%
USOY Defiance Oil Enhanced Options Income ETF	62.18%	-7.93%	7.27%

Correlation

The correlation between ITDD and USOY is -0.35, 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	-0.35
Correlation (All Time) Calculated using the full available price history since May 13, 2024	-0.12

Over the past year, the inverse relationship between ITDD and USOY has strengthened: their correlation has moved from -0.12 to -0.35, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

ITDD vs. USOY — Risk / Return Rank

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

ITDD

ITDD Risk / Return Rank: 67
ITDD Sharpe Ratio Rank: 69
ITDD Sortino Ratio Rank: 70
ITDD Omega Ratio Rank: 69
ITDD Calmar Ratio Rank: 60
ITDD Martin Ratio Rank: 69

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.

ITDD vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Target Date 2040 ETF (ITDD) 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.

	ITDD	USOY	Difference
Sharpe ratio: Return per unit of total volatility	2.29	1.89	+0.40
Sortino ratio: Return per unit of downside risk	3.23	2.30	+0.93
Omega ratio: Gain probability vs. loss probability	1.42	1.35	+0.07
Calmar ratio: Return relative to maximum drawdown	2.95	4.03	-1.08
Martin ratio: Return relative to average drawdown	12.91	7.74	+5.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ITDD vs. USOY - Sharpe Ratio Comparison

The current ITDD Sharpe Ratio is 2.29, which is comparable to the USOY Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of ITDD 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

	ITDD	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	1.89	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	1.83	0.99	+0.83

Drawdowns

ITDD vs. USOY - Drawdown Comparison

The maximum ITDD drawdown since its inception was -12.46%, smaller than the maximum USOY drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for ITDD and USOY.

Drawdown Indicators

	ITDD	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-12.46%	-17.46%	+5.00%
Max Drawdown (1Y) Largest decline over 1 year	-7.56%	-14.29%	+6.73%
Current Drawdown Current decline from peak	-0.70%	-5.11%	+4.41%
Average Drawdown Average peak-to-trough decline	-1.25%	-6.47%	+5.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	7.42%	-5.70%

Volatility

ITDD vs. USOY - Volatility Comparison

The current volatility for Ishares Lifepath Target Date 2040 ETF (ITDD) is 3.20%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.62%. This indicates that ITDD experiences smaller price fluctuations and is considered to be less risky than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITDD	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.20%	11.62%	-8.42%
Volatility (6M) Calculated over the trailing 6-month period	7.89%	27.18%	-19.29%
Volatility (1Y) Calculated over the trailing 1-year period	9.74%	30.44%	-20.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.44%	26.13%	-14.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.44%	26.13%	-14.69%

ITDD vs. USOY - Expense Ratio Comparison

ITDD has a 0.11% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

ITDD vs. USOY - Dividend Comparison

ITDD's dividend yield for the trailing twelve months is around 1.67%, less than USOY's 54.16% yield.

Position	TTM	2025	2024	2023
ITDD Ishares Lifepath Target Date 2040 ETF	1.67%	1.82%	1.56%	0.89%
USOY Defiance Oil Enhanced Options Income ETF	54.16%	104.32%	48.60%	0.00%

Frequently Asked Questions

Can I hold both ITDD and USOY in my portfolio?

ITDD and USOY have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ITDD or USOY?

USOY has higher volatility (11.62%) compared to ITDD (3.20%). In terms of maximum drawdown, ITDD dropped -12.46% vs USOY's -17.46%.

Which ETF is better, ITDD or USOY?

On 1-year performance, USOY leads with 57.29% vs 22.20% for ITDD. On fees, ITDD is cheaper at 0.11% per year. On volatility, ITDD has been the lower-risk option at 3.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ITDD or USOY?

Over the 1-year period, USOY has performed better with a 57.29% return vs 22.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ITDD or USOY?

ITDD is cheaper with a 0.11% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 54.16%, compared with 1.67% for ITDD.

What is the main difference between ITDD and USOY?

ITDD is categorized as Target Retirement Date, while USOY is Derivative Income. They also come from different issuers: iShares and Defiance. Their fees differ too: 0.11% for ITDD and 1.22% for USOY.

Which has better risk-adjusted returns?

ITDD currently has the higher Sharpe Ratio (2.29 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.