PLU vs. USOY

Last updated Jun 6, 2026

PLU (Defiance Daily Target 2X Long PL ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - PLU is a Leveraged Equities fund tracking the Planet Labs PBC (PL), while USOY is a Derivative Income fund actively managed by Defiance. PLU is passively managed, while USOY is actively managed. At a correlation of -0.14, they often move in opposite directions. PLU charges 1.31%/yr vs 1.22%/yr for USOY.

Performance

PLU vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long PL ETF (PLU) and Defiance Oil Enhanced Options Income ETF (USOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PLU

• 1D: -52.17%
• 1M: -46.80%
• 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*: —

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

PLU vs. USOY - Yearly Performance Comparison

	2026 (YTD)
PLU Defiance Daily Target 2X Long PL ETF	9.39%
USOY Defiance Oil Enhanced Options Income ETF	58.54%

Correlation

The correlation between PLU and USOY is -0.14, 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	-0.14

Return for Risk

PLU vs. USOY — Risk / Return Rank

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

USOY

USOY Risk / Return Rank: 53
USOY Sharpe Ratio Rank: 51
USOY Sortino Ratio Rank: 44
USOY Omega Ratio Rank: 53
USOY Calmar Ratio Rank: 75
USOY Martin Ratio Rank: 44

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.

PLU vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long PL ETF (PLU) 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.

Sharpe Ratios by Period

	PLU	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	0.11	0.91	-0.79

Drawdowns

PLU vs. USOY - Drawdown Comparison

The maximum PLU drawdown since its inception was -66.28%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for PLU and USOY.

Drawdown Indicators

	PLU	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-66.28%	-17.46%	-48.82%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.29%	—
Current Drawdown Current decline from peak	-66.28%	-8.37%	-57.91%
Average Drawdown Average peak-to-trough decline	-19.15%	-6.47%	-12.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.45%	—

Volatility

Volatility by Period

	PLU	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	215.26%	30.56%	+184.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	215.26%	26.14%	+189.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	215.26%	26.14%	+189.12%

PLU vs. USOY - Expense Ratio Comparison

PLU has a 1.31% expense ratio, which is higher than USOY's 1.22% expense ratio.

Dividends

PLU vs. USOY - Dividend Comparison

PLU has not paid dividends to shareholders, while USOY's dividend yield for the trailing twelve months is around 57.61%.

Position	TTM	2025	2024
PLU Defiance Daily Target 2X Long PL ETF	0.00%	0.00%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	57.61%	104.32%	48.60%

Frequently Asked Questions

Can I hold both PLU and USOY in my portfolio?

PLU and USOY have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PLU or USOY?

On fees, USOY is cheaper at 1.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PLU or USOY?

USOY is cheaper with a 1.22% expense ratio, compared with 1.31% for PLU.

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

USOY has the higher dividend yield at 57.61%, compared with 0.00% for PLU.

What is the main difference between PLU and USOY?

PLU is categorized as Leveraged Equities, while USOY is Derivative Income. Their fees differ too: 1.31% for PLU and 1.22% for USOY.