TSYY vs. USOY

Last updated Jul 21, 2026

TSYY (GraniteShares YieldBOOST TSLA ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, TSYY returned -15.32% vs 38.97% for USOY. At a correlation of -0.03, they often move in opposite directions. TSYY charges 1.15%/yr vs 1.22%/yr for USOY.

Performance

TSYY vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST TSLA ETF (TSYY) 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, TSYY achieves a -20.53% return, which is significantly lower than USOY's 48.30% return.

TSYY

• 1D: -2.37%
• 1M: -5.02%
• 6M: -19.96%
• YTD: -20.53%
• 1Y: -15.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -24.10%

USOY

• 1D: 0.76%
• 1M: 7.45%
• 6M: 46.30%
• YTD: 48.30%
• 1Y: 38.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.43%

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

TSYY vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSYY GraniteShares YieldBOOST TSLA ETF	-20.53%	-15.96%	-3.30%
USOY Defiance Oil Enhanced Options Income ETF	48.30%	-7.93%	3.31%

Correlation

The correlation between TSYY and USOY is -0.09, 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 (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024	-0.03

Return for Risk

TSYY vs. USOY — Risk / Return Rank

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

TSYY

TSYY Risk / Return Rank: 5
TSYY Sharpe Ratio Rank: 5
TSYY Sortino Ratio Rank: 6
TSYY Omega Ratio Rank: 5
TSYY Calmar Ratio Rank: 5
TSYY Martin Ratio Rank: 5

USOY

USOY Risk / Return Rank: 42
USOY Sharpe Ratio Rank: 45
USOY Sortino Ratio Rank: 42
USOY Omega Ratio Rank: 46
USOY Calmar Ratio Rank: 39
USOY Martin Ratio Rank: 39

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.

TSYY vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST TSLA ETF (TSYY) 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.

	TSYY	USOY	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	1.20	-1.71
Sortino ratio: Return per unit of downside risk	-0.52	1.66	-2.18
Omega ratio: Gain probability vs. loss probability	0.93	1.23	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.52	1.53	-2.06
Martin ratio: Return relative to average drawdown	-0.90	4.58	-5.48

TSYY vs. USOY - Sharpe Ratio Comparison

The current TSYY Sharpe Ratio is -0.51, which is lower than the USOY Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of TSYY 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.

Drawdowns

TSYY vs. USOY - Drawdown Comparison

The maximum TSYY drawdown since its inception was -41.52%, which is greater than USOY's maximum drawdown of -25.51%. Use the drawdown chart below to compare losses from any high point for TSYY and USOY.

Drawdown Indicators

	TSYY	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-41.52%	-25.51%	-16.01%
Max Drawdown (1Y) Largest decline over 1 year	-29.54%	-25.51%	-4.03%
Current Drawdown Current decline from peak	-39.68%	-13.23%	-26.45%
Average Drawdown Average peak-to-trough decline	-26.72%	-7.10%	-19.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.09%	8.54%	+8.55%

Volatility

TSYY vs. USOY - Volatility Comparison

The current volatility for GraniteShares YieldBOOST TSLA ETF (TSYY) is 7.13%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.12%. This indicates that TSYY 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

	TSYY	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.13%	11.12%	-3.99%
Volatility (6M) Calculated over the trailing 6-month period	18.18%	29.93%	-11.75%
Volatility (1Y) Calculated over the trailing 1-year period	30.15%	32.63%	-2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.66%	27.10%	+9.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.66%	27.10%	+9.56%

TSYY vs. USOY - Expense Ratio Comparison

TSYY has a 1.15% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

TSYY vs. USOY - Dividend Comparison

TSYY's dividend yield for the trailing twelve months is around 250.98%, more than USOY's 58.00% yield.

Position	TTM	2025	2024
TSYY GraniteShares YieldBOOST TSLA ETF	250.98%	256.64%	0.19%
USOY Defiance Oil Enhanced Options Income ETF	58.00%	104.32%	48.60%

Frequently Asked Questions

Can I hold both TSYY and USOY in my portfolio?

TSYY and USOY have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSYY or USOY?

USOY has higher volatility (11.12%) compared to TSYY (7.13%). In terms of maximum drawdown, TSYY dropped -41.52% vs USOY's -25.51%.

Which ETF is better, TSYY or USOY?

On 1-year performance, USOY leads with 38.97% vs -15.32% for TSYY. On fees, TSYY is cheaper at 1.15% per year. On volatility, TSYY has been the lower-risk option at 7.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSYY or USOY?

Over the 1-year period, USOY has performed better with a 38.97% return vs -15.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSYY or USOY?

TSYY is cheaper with a 1.15% expense ratio, compared with 1.22% for USOY.

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

TSYY has the higher dividend yield at 250.98%, compared with 58.00% for USOY.

What is the main difference between TSYY and USOY?

They also come from different issuers: GraniteShares and Defiance. Their fees differ too: 1.15% for TSYY and 1.22% for USOY.

Which has better risk-adjusted returns?

USOY currently has the higher Sharpe Ratio (1.20 vs -0.51), 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.