USOY vs. CL

Last updated Jun 4, 2026

USOY (Defiance Oil Enhanced Options Income ETF) is Derivative Income fund actively managed by Defiance, while CL (Colgate-Palmolive Company) is a stock. Over the past year, USOY returned 57.29% vs -3.98% for CL. At a correlation of -0.19, they often move in opposite directions.

Performance

USOY vs. CL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Oil Enhanced Options Income ETF (USOY) and Colgate-Palmolive Company (CL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USOY achieves a 62.18% return, which is significantly higher than CL's 8.73% return.

USOY

• 1D: 1.45%
• 1M: -3.43%
• YTD: 62.18%
• 6M: 59.35%
• 1Y: 57.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CL

• 1D: -3.85%
• 1M: -0.59%
• YTD: 8.73%
• 6M: 9.87%
• 1Y: -3.98%
• 3Y*: 6.21%
• 5Y*: 2.62%
• 10Y*: 4.14%

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

USOY vs. CL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
USOY Defiance Oil Enhanced Options Income ETF	62.18%	-7.93%	7.27%
CL Colgate-Palmolive Company	8.73%	-10.98%	-3.44%

Correlation

The correlation between USOY and CL is -0.20, 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 (1Y) Calculated over the trailing 1-year period	-0.20
Correlation (All Time) Calculated using the full available price history since May 13, 2024	-0.19

Return for Risk

USOY vs. CL — Risk / Return Rank

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

USOY

USOY Risk / Return Rank: 56
USOY Sharpe Ratio Rank: 55
USOY Sortino Ratio Rank: 46
USOY Omega Ratio Rank: 55
USOY Calmar Ratio Rank: 78
USOY Martin Ratio Rank: 46

CL

CL Risk / Return Rank: 31
CL Sharpe Ratio Rank: 33
CL Sortino Ratio Rank: 27
CL Omega Ratio Rank: 27
CL Calmar Ratio Rank: 33
CL Martin Ratio Rank: 34

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.

USOY vs. CL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Oil Enhanced Options Income ETF (USOY) and Colgate-Palmolive Company (CL). 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.

	USOY	CL	Difference
Sharpe ratio: Return per unit of total volatility	1.89	-0.19	+2.08
Sortino ratio: Return per unit of downside risk	2.30	-0.13	+2.43
Omega ratio: Gain probability vs. loss probability	1.35	0.99	+0.36
Calmar ratio: Return relative to maximum drawdown	4.03	-0.21	+4.24
Martin ratio: Return relative to average drawdown	7.74	-0.36	+8.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USOY vs. CL - Sharpe Ratio Comparison

The current USOY Sharpe Ratio is 1.89, which is higher than the CL Sharpe Ratio of -0.19. The chart below compares the historical Sharpe Ratios of USOY and CL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	USOY	CL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	-0.19	+2.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.14	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	0.42	+0.57

Drawdowns

USOY vs. CL - Drawdown Comparison

The maximum USOY drawdown since its inception was -17.46%, smaller than the maximum CL drawdown of -58.91%. Use the drawdown chart below to compare losses from any high point for USOY and CL.

Drawdown Indicators

	USOY	CL	Difference
Max Drawdown Largest peak-to-trough decline	-17.46%	-58.91%	+41.45%
Max Drawdown (1Y) Largest decline over 1 year	-14.29%	-18.64%	+4.35%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.05%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.05%	—
Current Drawdown Current decline from peak	-5.11%	-18.69%	+13.58%
Average Drawdown Average peak-to-trough decline	-6.47%	-11.24%	+4.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.42%	11.21%	-3.79%

Volatility

USOY vs. CL - Volatility Comparison

Defiance Oil Enhanced Options Income ETF (USOY) has a higher volatility of 11.62% compared to Colgate-Palmolive Company (CL) at 6.45%. This indicates that USOY's price experiences larger fluctuations and is considered to be riskier than CL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USOY	CL	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.62%	6.45%	+5.17%
Volatility (6M) Calculated over the trailing 6-month period	27.18%	16.66%	+10.52%
Volatility (1Y) Calculated over the trailing 1-year period	30.44%	21.10%	+9.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.13%	18.64%	+7.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.13%	19.67%	+6.46%

Dividends

USOY vs. CL - Dividend Comparison

USOY's dividend yield for the trailing twelve months is around 54.16%, more than CL's 2.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CL Colgate-Palmolive Company	2.46%	2.61%	2.18%	2.40%	2.36%	2.10%	2.05%	2.48%	2.79%	2.11%	2.37%	2.25%
USOY Defiance Oil Enhanced Options Income ETF	54.16%	104.32%	48.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USOY and CL in my portfolio?

USOY and CL have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USOY or CL?

USOY has higher volatility (11.62%) compared to CL (6.45%). In terms of maximum drawdown, USOY dropped -17.46% vs CL's -58.91%.

Which has better risk-adjusted returns?

USOY currently has the higher Sharpe Ratio (1.89 vs -0.19), 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.