WTAI vs. USOY

Last updated Jun 4, 2026

WTAI (WisdomTree Artificial Intelligence and Innovation Fund) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - WTAI is a Technology Equities fund tracking the WisdomTree Artificial Intelligence & Innovation Index, while USOY is a Derivative Income fund actively managed by Defiance. WTAI is passively managed, while USOY is actively managed. Over the past year, WTAI returned 109.20% vs 57.29% for USOY. At a correlation of -0.01, they often move in opposite directions. WTAI charges 0.45%/yr vs 1.22%/yr for USOY.

Performance

WTAI vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Artificial Intelligence and Innovation Fund (WTAI) and Defiance Oil Enhanced Options Income ETF (USOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with WTAI having a 59.81% return and USOY slightly higher at 62.18%.

WTAI

• 1D: -0.89%
• 1M: 26.62%
• YTD: 59.81%
• 6M: 58.39%
• 1Y: 109.20%
• 3Y*: 37.21%
• 5Y*: —
• 10Y*: —

USOY

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

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

WTAI vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WTAI WisdomTree Artificial Intelligence and Innovation Fund	59.81%	34.83%	12.16%
USOY Defiance Oil Enhanced Options Income ETF	62.18%	-7.93%	7.27%

Correlation

The correlation between WTAI and USOY 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	-0.01

The correlation between WTAI and USOY shifts across timeframes, from -0.20 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WTAI vs. USOY — Risk / Return Rank

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

WTAI

WTAI Risk / Return Rank: 92
WTAI Sharpe Ratio Rank: 95
WTAI Sortino Ratio Rank: 90
WTAI Omega Ratio Rank: 89
WTAI Calmar Ratio Rank: 94
WTAI Martin Ratio Rank: 91

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

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.

WTAI vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Artificial Intelligence and Innovation Fund (WTAI) 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.

	WTAI	USOY	Difference
Sharpe ratio Return per unit of total volatility	3.87	1.89	+1.98
Sortino ratio Return per unit of downside risk	4.29	2.30	+1.99
Omega ratio Gain probability vs. loss probability	1.57	1.35	+0.23
Calmar ratio Return relative to maximum drawdown	7.12	4.03	+3.09
Martin ratio Return relative to average drawdown	22.73	7.74	+14.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WTAI vs. USOY - Sharpe Ratio Comparison

The current WTAI Sharpe Ratio is 3.87, which is higher than the USOY Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of WTAI 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.

Sharpe Ratios by Period

	WTAI	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.87	1.89	+1.98
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.99	-0.48

Drawdowns

WTAI vs. USOY - Drawdown Comparison

The maximum WTAI drawdown since its inception was -45.92%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for WTAI and USOY.

Drawdown Indicators

	WTAI	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-45.92%	-17.46%	-28.46%
Max Drawdown (1Y) Largest decline over 1 year	-15.42%	-14.29%	-1.13%
Max Drawdown (3Y) Largest decline over 3 years	-31.83%	—	—
Current Drawdown Current decline from peak	-0.89%	-5.11%	+4.22%
Average Drawdown Average peak-to-trough decline	-19.80%	-6.47%	-13.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.82%	7.42%	-2.60%

Volatility

WTAI vs. USOY - Volatility Comparison

The current volatility for WisdomTree Artificial Intelligence and Innovation Fund (WTAI) is 10.86%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.62%. This indicates that WTAI 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

	WTAI	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.86%	11.62%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	22.71%	27.18%	-4.47%
Volatility (1Y) Calculated over the trailing 1-year period	28.39%	30.44%	-2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.99%	26.13%	+4.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.99%	26.13%	+4.86%

WTAI vs. USOY - Expense Ratio Comparison

WTAI has a 0.45% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

WTAI vs. USOY - Dividend Comparison

WTAI's dividend yield for the trailing twelve months is around 1.13%, less than USOY's 54.16% yield.

Position	TTM	2025	2024	2023	2022
USOY Defiance Oil Enhanced Options Income ETF	54.16%	104.32%	48.60%	0.00%	0.00%
WTAI WisdomTree Artificial Intelligence and Innovation Fund	1.13%	1.81%	0.19%	0.24%	0.22%

Frequently Asked Questions

Can I hold both WTAI and USOY in my portfolio?

WTAI and USOY 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, WTAI or USOY?

USOY has higher volatility (11.62%) compared to WTAI (10.86%). In terms of maximum drawdown, WTAI dropped -45.92% vs USOY's -17.46%.

Which ETF is better, WTAI or USOY?

On 1-year performance, WTAI leads with 109.20% vs 57.29% for USOY. On fees, WTAI is cheaper at 0.45% per year. On volatility, WTAI has been the lower-risk option at 10.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WTAI or USOY?

Over the 1-year period, WTAI has performed better with a 109.20% return vs 57.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WTAI or USOY?

WTAI is cheaper with a 0.45% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 54.16%, compared with 1.13% for WTAI.

What is the main difference between WTAI and USOY?

WTAI is categorized as Technology Equities, while USOY is Derivative Income. They also come from different issuers: WisdomTree and Defiance. Their fees differ too: 0.45% for WTAI and 1.22% for USOY.

Which has better risk-adjusted returns?

WTAI currently has the higher Sharpe Ratio (3.87 vs 1.89), 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.