JULW vs. USOY
JULW (AllianzIM U.S. Large Cap Buffer20 Jul ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - JULW is a Options Trading fund actively managed by Allianz, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. Over the past year, JULW returned 9.65% vs 41.94% for USOY. Their -0.07 correlation means they have often moved in opposite directions in the past. JULW charges 0.74%/yr vs 1.22%/yr for USOY.
Performance
JULW vs. USOY - Performance Comparison
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Returns By Period
In the year-to-date period, JULW achieves a 4.60% return, which is significantly lower than USOY's 51.25% return.
JULW
- 1D
- 0.32%
- 1M
- 0.47%
- 6M
- 4.04%
- YTD
- 4.60%
- 1Y
- 9.65%
- 3Y*
- 10.78%
- 5Y*
- 9.02%
- 10Y*
- —
- ALL TIME*
- 8.91%
USOY
- 1D
- 1.10%
- 1M
- 18.05%
- 6M
- 38.09%
- YTD
- 51.25%
- 1Y
- 41.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $987.83K | $2.34M | $2.75M | |
| $3.02M | $3.27M | $3.42M |
JULW vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JULW AllianzIM U.S. Large Cap Buffer20 Jul ETF | 4.60% | 11.57% | 6.68% |
USOY Defiance Oil Enhanced Options Income ETF | 51.25% | -7.93% | 6.13% |
Correlation
The correlation between JULW and USOY is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.21 |
Correlation (All Time) Calculated using the full available price history since May 10, 2024 | -0.07 |
The correlation between JULW and USOY shifts across timeframes, from -0.21 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JULW vs. USOY — Risk / Return Rank
JULW
USOY
JULW vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer20 Jul ETF (JULW) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JULW | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.22 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 1.53 | +1.56 |
| Martin ratioReturn relative to average drawdown | 17.06 | 4.54 | +12.53 |
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Drawdowns
JULW vs. USOY - Drawdown Comparison
The maximum JULW drawdown since its inception was -9.49%, smaller than the maximum USOY drawdown of -25.51%. Use the drawdown chart below to compare losses from any high point for JULW and USOY.
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Drawdown Indicators
| JULW | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.49% | -25.51% | +16.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -25.51% | +22.55% |
Max Drawdown (3Y)Largest decline over 3 years | -9.49% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.49% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -11.50% | +11.30% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -7.16% | +6.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 8.81% | -8.27% |
Volatility
JULW vs. USOY - Volatility Comparison
The current volatility for AllianzIM U.S. Large Cap Buffer20 Jul ETF (JULW) is 1.62%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 15.28%. This indicates that JULW 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.
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Volatility by Period
| JULW | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 15.28% | -13.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 32.32% | -28.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 34.89% | -30.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.90% | 28.20% | -21.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.48% | 28.20% | -21.72% |
JULW vs. USOY - Expense Ratio Comparison
JULW has a 0.74% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
JULW vs. USOY - Dividend Comparison
JULW has not paid dividends to shareholders, while USOY's dividend yield for the trailing twelve months is around 56.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JULW AllianzIM U.S. Large Cap Buffer20 Jul ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.04% |
USOY Defiance Oil Enhanced Options Income ETF | 56.58% | 104.32% | 48.60% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JULW and USOY have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USOY has higher volatility (15.28%) compared to JULW (1.62%). In terms of maximum drawdown, JULW dropped -9.49% vs USOY's -25.51%.
On 1-year performance, USOY leads with 41.94% vs 9.65% for JULW. On fees, JULW is cheaper at 0.74% per year. On volatility, JULW has been the lower-risk option at 1.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USOY has performed better with a 41.94% return vs 9.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JULW is cheaper with a 0.74% expense ratio, compared with 1.22% for USOY.
USOY has the higher dividend yield at 56.58%, compared with 0.00% for JULW.
JULW is categorized as Options Trading, while USOY is Derivative Income. They also come from different issuers: Allianz and Defiance. Their fees differ too: 0.74% for JULW and 1.22% for USOY.
JULW currently has the higher Sharpe Ratio (2.11 vs 1.12), 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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