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 -0.27, they often move in opposite directions. TLA charges 1.07%/yr vs 1.22%/yr for USOY.
Performance
TLA vs. USOY - Performance Comparison
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Returns By Period
TLA
- 1D
- 0.05%
- 1M
- 1.85%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USOY
- 1D
- -3.01%
- 1M
- -19.06%
- 6M
- 27.31%
- YTD
- 27.31%
- 1Y
- 22.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLA vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TLA GraniteShares Autocallable TSLA ETF | 6.62% |
USOY Defiance Oil Enhanced Options Income ETF | 19.72% |
Correlation
The correlation between TLA and USOY is -0.27, 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 3, 2026 | -0.27 |
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Return for Risk
TLA vs. USOY — Risk / Return Rank
TLA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| TLA | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.15 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.88 | — |
| Martin ratioReturn relative to average drawdown | — | 3.02 | — |
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Drawdowns
TLA vs. USOY - Drawdown Comparison
The maximum TLA drawdown since its inception was -5.44%, smaller than the maximum USOY drawdown of -25.51%. Use the drawdown chart below to compare losses from any high point for TLA and USOY.
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Drawdown Indicators
| TLA | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.44% | -25.51% | +20.07% |
Max Drawdown (1Y)Largest decline over 1 year | — | -25.51% | — |
Current DrawdownCurrent decline from peak | -0.33% | -25.51% | +25.18% |
Average DrawdownAverage peak-to-trough decline | -1.33% | -6.83% | +5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.40% | — |
Volatility
TLA vs. USOY - Volatility Comparison
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Volatility by Period
| TLA | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 29.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.43% | 31.45% | -17.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.43% | 26.73% | -12.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.43% | 26.73% | -12.30% |
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 8.10%, less than USOY's 70.83% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
TLA GraniteShares Autocallable TSLA ETF | 8.10% | 0.00% | 0.00% |
USOY Defiance Oil Enhanced Options Income ETF | 70.83% | 104.32% | 48.60% |
Frequently Asked Questions
TLA and USOY have a correlation of -0.27, 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 70.83%, compared with 8.10% for TLA.
They also come from different issuers: GraniteShares and Defiance. Their fees differ too: 1.07% for TLA and 1.22% for USOY.
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