Correlation
The correlation between USOY and IWMY is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
USOY vs. IWMY
Compare and contrast key facts about Defiance Oil Enhanced Options Income ETF (USOY) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY).
USOY and IWMY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USOY is an actively managed fund by Defiance. It was launched on May 9, 2024. IWMY is a passively managed fund by Defiance that tracks the performance of the Russell 2000 Index. It was launched on Oct 30, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USOY or IWMY.
Performance
USOY vs. IWMY - Performance Comparison
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Key characteristics
USOY:
-0.02
IWMY:
0.22
USOY:
0.04
IWMY:
0.31
USOY:
1.01
IWMY:
1.05
USOY:
-0.09
IWMY:
0.16
USOY:
-0.22
IWMY:
0.54
USOY:
7.14%
IWMY:
5.42%
USOY:
21.19%
IWMY:
17.00%
USOY:
-17.46%
IWMY:
-18.72%
USOY:
-11.50%
IWMY:
-6.26%
Returns By Period
In the year-to-date period, USOY achieves a -7.22% return, which is significantly lower than IWMY's -0.67% return.
USOY
-7.22%
3.03%
-1.83%
0.21%
N/A
N/A
N/A
IWMY
-0.67%
4.50%
-5.14%
3.17%
N/A
N/A
N/A
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USOY vs. IWMY - Expense Ratio Comparison
USOY has a 1.22% expense ratio, which is higher than IWMY's 0.99% expense ratio.
Risk-Adjusted Performance
USOY vs. IWMY — Risk-Adjusted Performance Rank
USOY
IWMY
USOY vs. IWMY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Oil Enhanced Options Income ETF (USOY) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). 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.
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Dividends
USOY vs. IWMY - Dividend Comparison
USOY's dividend yield for the trailing twelve months is around 96.96%, less than IWMY's 98.61% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
USOY Defiance Oil Enhanced Options Income ETF | 96.96% | 48.60% | 0.00% |
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 98.61% | 107.92% | 11.34% |
Drawdowns
USOY vs. IWMY - Drawdown Comparison
The maximum USOY drawdown since its inception was -17.46%, smaller than the maximum IWMY drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for USOY and IWMY.
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Volatility
USOY vs. IWMY - Volatility Comparison
Defiance Oil Enhanced Options Income ETF (USOY) has a higher volatility of 5.05% compared to Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) at 4.46%. This indicates that USOY's price experiences larger fluctuations and is considered to be riskier than IWMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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