KIQQ vs. USOY
KIQQ (KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.42, they often move in opposite directions. KIQQ charges 0.79%/yr vs 1.22%/yr for USOY.
Performance
KIQQ vs. USOY - Performance Comparison
Loading charts...
Returns By Period
KIQQ
- 1D
- -3.57%
- 1M
- 0.99%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USOY
- 1D
- -1.67%
- 1M
- 1.06%
- YTD
- 56.61%
- 6M
- 52.27%
- 1Y
- 51.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KIQQ vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF | 6.53% |
USOY Defiance Oil Enhanced Options Income ETF | 58.54% |
Correlation
The correlation between KIQQ and USOY is -0.42, 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 (All Time) Calculated using the full available price history since Jan 8, 2026 | -0.42 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KIQQ vs. USOY — Risk / Return Rank
KIQQ
USOY
KIQQ vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF (KIQQ) 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.
Loading charts...
Sharpe Ratios by Period
| KIQQ | USOY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.91 | +0.25 |
Drawdowns
KIQQ vs. USOY - Drawdown Comparison
The maximum KIQQ drawdown since its inception was -8.89%, smaller than the maximum USOY drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for KIQQ and USOY.
Loading charts...
Drawdown Indicators
| KIQQ | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.89% | -17.46% | +8.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.29% | — |
Current DrawdownCurrent decline from peak | -4.01% | -8.37% | +4.36% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -6.47% | +4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.45% | — |
Volatility
KIQQ vs. USOY - Volatility Comparison
Loading charts...
Volatility by Period
| KIQQ | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 27.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.55% | 30.56% | -16.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 26.14% | -11.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.55% | 26.14% | -11.59% |
KIQQ vs. USOY - Expense Ratio Comparison
KIQQ has a 0.79% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
KIQQ vs. USOY - Dividend Comparison
KIQQ's dividend yield for the trailing twelve months is around 3.66%, less than USOY's 57.61% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF | 3.66% | 0.00% | 0.00% |
USOY Defiance Oil Enhanced Options Income ETF | 57.61% | 104.32% | 48.60% |
Frequently Asked Questions
KIQQ and USOY have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KIQQ is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KIQQ is cheaper with a 0.79% expense ratio, compared with 1.22% for USOY.
USOY has the higher dividend yield at 57.61%, compared with 3.66% for KIQQ.
They also come from different issuers: KraneShares and Defiance. Their fees differ too: 0.79% for KIQQ and 1.22% for USOY.
Find the right allocation for KIQQ and USOY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer