QSU vs. USOY

Last updated Jul 4, 2026

QSU (Defiance Daily Target 2X Long QS ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - QSU is a Leveraged Equities fund actively managed by Defiance, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. At a correlation of -0.02, they often move in opposite directions. QSU charges 1.31%/yr vs 1.22%/yr for USOY.

Performance

QSU vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long QS ETF (QSU) 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, QSU achieves a -70.86% return, which is significantly lower than USOY's 28.13% return.

QSU

• 1D: -14.15%
• 1M: -42.07%
• 6M: -73.99%
• YTD: -70.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: 0.64%
• 1M: -20.99%
• 6M: 27.93%
• YTD: 28.13%
• 1Y: 22.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QSU vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025
QSU Defiance Daily Target 2X Long QS ETF	-70.86%	-65.11%
USOY Defiance Oil Enhanced Options Income ETF	28.13%	3.20%

Correlation

The correlation between QSU and USOY is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 21, 2025	-0.02

Return for Risk

QSU vs. USOY — Risk / Return Rank

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

QSU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

USOY

USOY Risk / Return Rank: 23
USOY Sharpe Ratio Rank: 22
USOY Sortino Ratio Rank: 22
USOY Omega Ratio Rank: 24
USOY Calmar Ratio Rank: 22
USOY Martin Ratio Rank: 25

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.

QSU vs. USOY - Risk-Adjusted Trends Comparison

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

	QSU	USOY	Difference
Sharpe ratio: Return per unit of total volatility	—	0.72	—
Sortino ratio: Return per unit of downside risk	—	1.10	—
Omega ratio: Gain probability vs. loss probability	—	1.15	—
Calmar ratio: Return relative to maximum drawdown	—	0.88	—
Martin ratio: Return relative to average drawdown	—	2.97	—

Drawdowns

QSU vs. USOY - Drawdown Comparison

The maximum QSU drawdown since its inception was -92.77%, which is greater than USOY's maximum drawdown of -25.51%. Use the drawdown chart below to compare losses from any high point for QSU and USOY.

Drawdown Indicators

	QSU	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-92.77%	-25.51%	-67.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.51%	—
Current Drawdown Current decline from peak	-92.07%	-25.04%	-67.03%
Average Drawdown Average peak-to-trough decline	-75.36%	-6.86%	-68.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.57%	—

Volatility

Volatility by Period

	QSU	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	154.34%	31.45%	+122.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	154.34%	26.71%	+127.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	154.34%	26.71%	+127.63%

QSU vs. USOY - Expense Ratio Comparison

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

Dividends

QSU vs. USOY - Dividend Comparison

QSU has not paid dividends to shareholders, while USOY's dividend yield for the trailing twelve months is around 69.82%.

Position	TTM	2025	2024
QSU Defiance Daily Target 2X Long QS ETF	0.00%	0.00%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	69.82%	104.32%	48.60%

Frequently Asked Questions

Can I hold both QSU and USOY in my portfolio?

QSU and USOY have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QSU 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, QSU or USOY?

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

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

USOY has the higher dividend yield at 69.82%, compared with 0.00% for QSU.

What is the main difference between QSU and USOY?

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