WOOD vs. USOY
WOOD (iShares Global Timber & Forestry ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - WOOD is a Materials fund tracking the S&P Global Timber & Forestry Index, while USOY is a Derivative Income fund actively managed by Defiance. WOOD is passively managed, while USOY is actively managed. Over the past year, WOOD returned -6.85% vs 57.29% for USOY. At a correlation of -0.04, they often move in opposite directions. WOOD charges 0.46%/yr vs 1.22%/yr for USOY.
Performance
WOOD vs. USOY - Performance Comparison
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Returns By Period
In the year-to-date period, WOOD achieves a -6.95% return, which is significantly lower than USOY's 62.18% return.
WOOD
- 1D
- -0.73%
- 1M
- -0.81%
- YTD
- -6.95%
- 6M
- -3.23%
- 1Y
- -6.85%
- 3Y*
- -0.20%
- 5Y*
- -3.93%
- 10Y*
- 5.20%
USOY
- 1D
- 1.45%
- 1M
- -3.43%
- YTD
- 62.18%
- 6M
- 59.35%
- 1Y
- 57.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WOOD vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WOOD iShares Global Timber & Forestry ETF | -6.95% | -3.27% | -5.83% |
USOY Defiance Oil Enhanced Options Income ETF | 62.18% | -7.93% | 7.27% |
Correlation
The correlation between WOOD and USOY is -0.26, 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 | -0.26 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | -0.04 |
Over the past year, the inverse relationship between WOOD and USOY has strengthened: their correlation has moved from -0.04 to -0.26, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
WOOD vs. USOY — Risk / Return Rank
WOOD
USOY
WOOD vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Timber & Forestry ETF (WOOD) 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.
| WOOD | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.35 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 4.03 | -4.35 |
| Martin ratioReturn relative to average drawdown | -0.74 | 7.74 | -8.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WOOD | USOY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.37 | 1.89 | -2.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.99 | -0.84 |
Drawdowns
WOOD vs. USOY - Drawdown Comparison
The maximum WOOD drawdown since its inception was -63.25%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for WOOD and USOY.
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Drawdown Indicators
| WOOD | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.25% | -17.46% | -45.79% |
Max Drawdown (1Y)Largest decline over 1 year | -21.64% | -14.29% | -7.35% |
Max Drawdown (3Y)Largest decline over 3 years | -22.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -50.20% | — | — |
Current DrawdownCurrent decline from peak | -24.31% | -5.11% | -19.20% |
Average DrawdownAverage peak-to-trough decline | -14.76% | -6.47% | -8.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.27% | 7.42% | +1.85% |
Volatility
WOOD vs. USOY - Volatility Comparison
The current volatility for iShares Global Timber & Forestry ETF (WOOD) is 5.70%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.62%. This indicates that WOOD 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.
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Volatility by Period
| WOOD | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 11.62% | -5.92% |
Volatility (6M)Calculated over the trailing 6-month period | 13.96% | 27.18% | -13.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.70% | 30.44% | -11.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 26.13% | -6.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.87% | 26.13% | -4.26% |
WOOD vs. USOY - Expense Ratio Comparison
WOOD has a 0.46% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
WOOD vs. USOY - Dividend Comparison
WOOD's dividend yield for the trailing twelve months is around 2.69%, less than USOY's 54.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WOOD iShares Global Timber & Forestry ETF | 2.69% | 2.51% | 2.09% | 1.64% | 2.26% | 1.24% | 0.98% | 1.85% | 2.82% | 1.19% | 1.65% | 2.04% |
Frequently Asked Questions
WOOD and USOY have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USOY has higher volatility (11.62%) compared to WOOD (5.70%). In terms of maximum drawdown, WOOD dropped -63.25% vs USOY's -17.46%.
On 1-year performance, USOY leads with 57.29% vs -6.85% for WOOD. On fees, WOOD is cheaper at 0.46% per year. On volatility, WOOD has been the lower-risk option at 5.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USOY has performed better with a 57.29% return vs -6.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WOOD is cheaper with a 0.46% expense ratio, compared with 1.22% for USOY.
USOY has the higher dividend yield at 54.16%, compared with 2.69% for WOOD.
WOOD is categorized as Materials, while USOY is Derivative Income. They also come from different issuers: iShares and Defiance. Their fees differ too: 0.46% for WOOD and 1.22% for USOY.
USOY currently has the higher Sharpe Ratio (1.89 vs -0.37), 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.
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