LGHT vs. USOY

Last updated Jun 24, 2026

LGHT (Langar Global HealthTech ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - LGHT is a Health & Biotech Equities fund actively managed by Langar, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. Over the past year, LGHT returned -19.29% vs 26.28% for USOY. At a correlation of -0.14, they often move in opposite directions. LGHT charges 0.85%/yr vs 1.22%/yr for USOY.

Performance

LGHT vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Langar Global HealthTech ETF (LGHT) 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, LGHT achieves a -18.04% return, which is significantly lower than USOY's 34.69% return.

LGHT

• 1D: 1.48%
• 1M: -0.49%
• YTD: -18.04%
• 6M: -18.59%
• 1Y: -19.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: -1.29%
• 1M: -17.01%
• YTD: 34.69%
• 6M: 34.18%
• 1Y: 26.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LGHT vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LGHT Langar Global HealthTech ETF	-18.04%	-1.66%	-2.38%
USOY Defiance Oil Enhanced Options Income ETF	34.69%	-7.93%	6.13%

Correlation

The correlation between LGHT and USOY is -0.27, 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	-0.27
Correlation (All Time) Calculated using the full available price history since May 10, 2024	-0.14

The correlation between LGHT and USOY shifts across timeframes, from -0.27 (1 year) to -0.14 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LGHT vs. USOY — Risk / Return Rank

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

LGHT

LGHT Risk / Return Rank: 2
LGHT Sharpe Ratio Rank: 1
LGHT Sortino Ratio Rank: 2
LGHT Omega Ratio Rank: 2
LGHT Calmar Ratio Rank: 3
LGHT Martin Ratio Rank: 1

USOY

USOY Risk / Return Rank: 26
USOY Sharpe Ratio Rank: 25
USOY Sortino Ratio Rank: 23
USOY Omega Ratio Rank: 26
USOY Calmar Ratio Rank: 27
USOY Martin Ratio Rank: 30

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.

LGHT vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Langar Global HealthTech ETF (LGHT) 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.

	LGHT	USOY	Difference
Sharpe ratio: Return per unit of total volatility	-1.03	0.85	-1.88
Sortino ratio: Return per unit of downside risk	-1.36	1.24	-2.60
Omega ratio: Gain probability vs. loss probability	0.84	1.18	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.76	1.25	-2.00
Martin ratio: Return relative to average drawdown	-1.60	4.10	-5.70

LGHT vs. USOY - Sharpe Ratio Comparison

The current LGHT Sharpe Ratio is -1.03, which is lower than the USOY Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of LGHT 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.

Drawdowns

LGHT vs. USOY - Drawdown Comparison

The maximum LGHT drawdown since its inception was -28.60%, which is greater than USOY's maximum drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for LGHT and USOY.

Drawdown Indicators

	LGHT	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-28.60%	-21.19%	-7.41%
Max Drawdown (1Y) Largest decline over 1 year	-25.57%	-21.19%	-4.38%
Current Drawdown Current decline from peak	-26.31%	-21.19%	-5.12%
Average Drawdown Average peak-to-trough decline	-7.95%	-6.63%	-1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.10%	6.44%	+5.66%

Volatility

LGHT vs. USOY - Volatility Comparison

The current volatility for Langar Global HealthTech ETF (LGHT) is 5.96%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 10.34%. This indicates that LGHT 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

	LGHT	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	10.34%	-4.38%
Volatility (6M) Calculated over the trailing 6-month period	14.67%	28.44%	-13.77%
Volatility (1Y) Calculated over the trailing 1-year period	18.85%	31.56%	-12.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.96%	26.51%	-7.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.96%	26.51%	-7.55%

LGHT vs. USOY - Expense Ratio Comparison

LGHT has a 0.85% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

LGHT vs. USOY - Dividend Comparison

LGHT has not paid dividends to shareholders, while USOY's dividend yield for the trailing twelve months is around 68.29%.

Position	TTM	2025	2024
LGHT Langar Global HealthTech ETF	0.00%	0.00%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	68.29%	104.32%	48.60%

Frequently Asked Questions

Can I hold both LGHT and USOY in my portfolio?

LGHT and USOY have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGHT or USOY?

USOY has higher volatility (10.34%) compared to LGHT (5.96%). In terms of maximum drawdown, LGHT dropped -28.60% vs USOY's -21.19%.

Which ETF is better, LGHT or USOY?

On 1-year performance, USOY leads with 26.28% vs -19.29% for LGHT. On fees, LGHT is cheaper at 0.85% per year. On volatility, LGHT has been the lower-risk option at 5.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LGHT or USOY?

Over the 1-year period, USOY has performed better with a 26.28% return vs -19.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LGHT or USOY?

LGHT is cheaper with a 0.85% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 68.29%, compared with 0.00% for LGHT.

What is the main difference between LGHT and USOY?

LGHT is categorized as Health & Biotech Equities, while USOY is Derivative Income. They also come from different issuers: Langar and Defiance. Their fees differ too: 0.85% for LGHT and 1.22% for USOY.

Which has better risk-adjusted returns?

USOY currently has the higher Sharpe Ratio (0.85 vs -1.03), 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.