SMCC vs. USOY
SMCC (Defiance Leveraged Long + Income SMCI ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds from Defiance. Both are actively managed. At a 0.06 correlation, their price movements are largely independent. SMCC charges 1.51%/yr vs 1.22%/yr for USOY.
Performance
SMCC vs. USOY - Performance Comparison
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Returns By Period
In the year-to-date period, SMCC achieves a 5.60% return, which is significantly lower than USOY's 56.61% return.
SMCC
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 5.60%
- 6M
- -21.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USOY
- 1D
- -1.67%
- 1M
- 1.06%
- YTD
- 56.61%
- 6M
- 52.27%
- 1Y
- 51.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMCC vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMCC Defiance Leveraged Long + Income SMCI ETF | 5.60% | -57.43% |
USOY Defiance Oil Enhanced Options Income ETF | 56.61% | -4.37% |
Correlation
The correlation between SMCC and USOY is 0.06, 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 Aug 21, 2025 | 0.06 |
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Return for Risk
SMCC vs. USOY — Risk / Return Rank
SMCC
USOY
SMCC vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long + Income SMCI ETF (SMCC) 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.
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Sharpe Ratios by Period
| SMCC | 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 | -0.87 | 0.91 | -1.77 |
Drawdowns
SMCC vs. USOY - Drawdown Comparison
The maximum SMCC drawdown since its inception was -75.87%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for SMCC and USOY.
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Drawdown Indicators
| SMCC | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.87% | -17.46% | -58.41% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.29% | — |
Current DrawdownCurrent decline from peak | -72.90% | -8.37% | -64.53% |
Average DrawdownAverage peak-to-trough decline | -53.60% | -6.47% | -47.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.45% | — |
Volatility
SMCC vs. USOY - Volatility Comparison
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Volatility by Period
| SMCC | 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 | 75.90% | 30.56% | +45.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.90% | 26.14% | +49.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.90% | 26.14% | +49.76% |
SMCC vs. USOY - Expense Ratio Comparison
SMCC has a 1.51% expense ratio, which is higher than USOY's 1.22% expense ratio.
Dividends
SMCC vs. USOY - Dividend Comparison
SMCC's dividend yield for the trailing twelve months is around 83.22%, more than USOY's 57.61% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SMCC Defiance Leveraged Long + Income SMCI ETF | 83.22% | 79.22% | 0.00% |
USOY Defiance Oil Enhanced Options Income ETF | 57.61% | 104.32% | 48.60% |
Frequently Asked Questions
SMCC and USOY have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
USOY is cheaper with a 1.22% expense ratio, compared with 1.51% for SMCC.
SMCC has the higher dividend yield at 83.22%, compared with 57.61% for USOY.
Their fees differ too: 1.51% for SMCC and 1.22% for USOY.
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