ULTI vs. USOY
ULTI (REX IncomeMax Option Strategy ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. Both are actively managed. Their -0.05 correlation means they have often moved in opposite directions in the past. ULTI charges 1.25%/yr vs 1.22%/yr for USOY.
Performance
ULTI vs. USOY - Performance Comparison
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Returns By Period
In the year-to-date period, ULTI achieves a -12.35% return, which is significantly lower than USOY's 37.86% return.
ULTI
- 1D
- 3.80%
- 1M
- -18.69%
- 6M
- -23.16%
- YTD
- -12.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
USOY
- 1D
- -4.43%
- 1M
- 7.60%
- 6M
- 26.60%
- YTD
- 37.86%
- 1Y
- 30.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $651.44K | $766.06K | $1.11M | |
| $3.17M | $3.29M | $3.40M |
ULTI vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ULTI REX IncomeMax Option Strategy ETF | -12.35% | -38.67% |
USOY Defiance Oil Enhanced Options Income ETF | 37.86% | -0.01% |
Correlation
The correlation between ULTI and USOY is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 31, 2025 | -0.05 |
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Return for Risk
ULTI vs. USOY — Risk / Return Rank
ULTI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USOY
ULTI vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for REX IncomeMax Option Strategy ETF (ULTI) 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.
| ULTI | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.18 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.20 | — |
| Martin ratioReturn relative to average drawdown | — | 3.50 | — |
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Drawdowns
ULTI vs. USOY - Drawdown Comparison
The maximum ULTI drawdown since its inception was -54.23%, which is greater than USOY's maximum drawdown of -25.51%. Use the drawdown chart below to compare losses from any high point for ULTI and USOY.
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Drawdown Indicators
| ULTI | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.23% | -25.51% | -28.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -25.51% | — |
Current DrawdownCurrent decline from peak | -46.25% | -19.34% | -26.91% |
Average DrawdownAverage peak-to-trough decline | -29.84% | -7.20% | -22.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.72% | — |
Volatility
ULTI vs. USOY - Volatility Comparison
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Volatility by Period
| ULTI | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.04% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 32.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 61.64% | 35.44% | +26.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.64% | 28.49% | +33.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.64% | 28.49% | +33.15% |
ULTI vs. USOY - Expense Ratio Comparison
ULTI has a 1.25% expense ratio, which is higher than USOY's 1.22% expense ratio.
Dividends
ULTI vs. USOY - Dividend Comparison
ULTI's dividend yield for the trailing twelve months is around 94.80%, more than USOY's 62.08% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ULTI REX IncomeMax Option Strategy ETF | 94.80% | 14.96% | 0.00% |
USOY Defiance Oil Enhanced Options Income ETF | 62.08% | 104.32% | 48.60% |
Frequently Asked Questions
ULTI and USOY have a correlation of -0.05, 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 1.25% for ULTI.
ULTI has the higher dividend yield at 94.80%, compared with 62.08% for USOY.
They also come from different issuers: REX Shares and Defiance. Their fees differ too: 1.25% for ULTI and 1.22% for USOY.
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