TLA vs. USOY
TLA (GraniteShares Autocallable TSLA ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.30, they often move in opposite directions. TLA charges 1.07%/yr vs 1.22%/yr for USOY.
Performance
TLA vs. USOY - Performance Comparison
Loading charts...
Returns By Period
TLA
- 1D
- -1.25%
- 1M
- 0.17%
- 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*
- —
TLA vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TLA GraniteShares Autocallable TSLA ETF | 3.78% |
USOY Defiance Oil Enhanced Options Income ETF | 43.82% |
Correlation
The correlation between TLA and USOY is -0.30, 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 Feb 4, 2026 | -0.30 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TLA vs. USOY — Risk / Return Rank
TLA
USOY
TLA vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable TSLA ETF (TLA) 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.
Loading charts...
Sharpe Ratios by Period
| TLA | 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 | 0.81 | 0.91 | -0.09 |
Drawdowns
TLA vs. USOY - Drawdown Comparison
The maximum TLA drawdown since its inception was -5.44%, smaller than the maximum USOY drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for TLA and USOY.
Loading charts...
Drawdown Indicators
| TLA | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.44% | -17.46% | +12.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.29% | — |
Current DrawdownCurrent decline from peak | -1.79% | -8.37% | +6.58% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -6.47% | +5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.45% | — |
Volatility
TLA vs. USOY - Volatility Comparison
Loading charts...
Volatility by Period
| TLA | 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 | 14.42% | 30.56% | -16.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 26.14% | -11.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.42% | 26.14% | -11.72% |
TLA vs. USOY - Expense Ratio Comparison
TLA has a 1.07% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
TLA vs. USOY - Dividend Comparison
TLA's dividend yield for the trailing twelve months is around 6.55%, less than USOY's 57.61% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
TLA GraniteShares Autocallable TSLA ETF | 6.55% | 0.00% | 0.00% |
USOY Defiance Oil Enhanced Options Income ETF | 57.61% | 104.32% | 48.60% |
Frequently Asked Questions
TLA and USOY have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TLA is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TLA is cheaper with a 1.07% expense ratio, compared with 1.22% for USOY.
USOY has the higher dividend yield at 57.61%, compared with 6.55% for TLA.
They also come from different issuers: GraniteShares and Defiance. Their fees differ too: 1.07% for TLA and 1.22% for USOY.
Find the right allocation for TLA and USOY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer