QTUM vs. USOY

Last updated Jun 4, 2026

QTUM (Defiance Quantum ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index, while USOY is a Derivative Income fund actively managed by Defiance. QTUM is passively managed, while USOY is actively managed. Over the past year, QTUM returned 95.36% vs 57.29% for USOY. At a correlation of -0.05, they often move in opposite directions. QTUM charges 0.40%/yr vs 1.22%/yr for USOY.

Performance

QTUM vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Quantum ETF (QTUM) 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, QTUM achieves a 53.29% return, which is significantly lower than USOY's 62.18% return.

QTUM

• 1D: -0.59%
• 1M: 23.63%
• YTD: 53.29%
• 6M: 50.69%
• 1Y: 95.36%
• 3Y*: 52.22%
• 5Y*: 29.15%
• 10Y*: —

USOY

• 1D: 1.45%
• 1M: -3.43%
• YTD: 62.18%
• 6M: 59.35%
• 1Y: 57.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QTUM vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QTUM Defiance Quantum ETF	53.29%	36.65%	37.16%
USOY Defiance Oil Enhanced Options Income ETF	62.18%	-7.93%	7.27%

Correlation

The correlation between QTUM and USOY is -0.22, 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	-0.22
Correlation (All Time) Calculated using the full available price history since May 13, 2024	-0.05

The correlation between QTUM and USOY shifts across timeframes, from -0.22 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

QTUM vs. USOY — Risk / Return Rank

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

QTUM

QTUM Risk / Return Rank: 91
QTUM Sharpe Ratio Rank: 94
QTUM Sortino Ratio Rank: 90
QTUM Omega Ratio Rank: 87
QTUM Calmar Ratio Rank: 92
QTUM Martin Ratio Rank: 92

USOY

USOY Risk / Return Rank: 56
USOY Sharpe Ratio Rank: 55
USOY Sortino Ratio Rank: 46
USOY Omega Ratio Rank: 55
USOY Calmar Ratio Rank: 78
USOY Martin Ratio Rank: 46

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.

QTUM vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Quantum ETF (QTUM) 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.

	QTUM	USOY	Difference
Sharpe ratio Return per unit of total volatility	3.65	1.89	+1.76
Sortino ratio Return per unit of downside risk	4.26	2.30	+1.96
Omega ratio Gain probability vs. loss probability	1.55	1.35	+0.21
Calmar ratio Return relative to maximum drawdown	6.28	4.03	+2.26
Martin ratio Return relative to average drawdown	23.69	7.74	+15.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QTUM vs. USOY - Sharpe Ratio Comparison

The current QTUM Sharpe Ratio is 3.65, which is higher than the USOY Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of QTUM 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.

Sharpe Ratios by Period

	QTUM	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.65	1.89	+1.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	0.99	+0.08

Drawdowns

QTUM vs. USOY - Drawdown Comparison

The maximum QTUM drawdown since its inception was -38.45%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for QTUM and USOY.

Drawdown Indicators

	QTUM	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-38.45%	-17.46%	-20.99%
Max Drawdown (1Y) Largest decline over 1 year	-15.26%	-14.29%	-0.97%
Max Drawdown (3Y) Largest decline over 3 years	-25.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.45%	—	—
Current Drawdown Current decline from peak	-0.59%	-5.11%	+4.52%
Average Drawdown Average peak-to-trough decline	-8.25%	-6.47%	-1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	7.42%	-3.38%

Volatility

QTUM vs. USOY - Volatility Comparison

The current volatility for Defiance Quantum ETF (QTUM) is 9.76%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.62%. This indicates that QTUM 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

	QTUM	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.76%	11.62%	-1.86%
Volatility (6M) Calculated over the trailing 6-month period	20.35%	27.18%	-6.83%
Volatility (1Y) Calculated over the trailing 1-year period	26.26%	30.44%	-4.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.56%	26.13%	+0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.17%	26.13%	+1.04%

QTUM vs. USOY - Expense Ratio Comparison

QTUM has a 0.40% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

QTUM vs. USOY - Dividend Comparison

QTUM's dividend yield for the trailing twelve months is around 0.70%, less than USOY's 54.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
QTUM Defiance Quantum ETF	0.70%	1.01%	0.61%	0.81%	1.46%	0.48%	0.42%	0.61%	0.21%
USOY Defiance Oil Enhanced Options Income ETF	54.16%	104.32%	48.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QTUM and USOY in my portfolio?

QTUM and USOY have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QTUM or USOY?

USOY has higher volatility (11.62%) compared to QTUM (9.76%). In terms of maximum drawdown, QTUM dropped -38.45% vs USOY's -17.46%.

Which ETF is better, QTUM or USOY?

On 1-year performance, QTUM leads with 95.36% vs 57.29% for USOY. On fees, QTUM is cheaper at 0.40% per year. On volatility, QTUM has been the lower-risk option at 9.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTUM or USOY?

Over the 1-year period, QTUM has performed better with a 95.36% return vs 57.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTUM or USOY?

QTUM is cheaper with a 0.40% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 54.16%, compared with 0.70% for QTUM.

What is the main difference between QTUM and USOY?

QTUM is categorized as Technology Equities, while USOY is Derivative Income. Their fees differ too: 0.40% for QTUM and 1.22% for USOY.

Which has better risk-adjusted returns?

QTUM currently has the higher Sharpe Ratio (3.65 vs 1.89), 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.