YBMN vs. USOY

Last updated Jun 24, 2026

YBMN (Defiance BMNR Option Income ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds from Defiance. Both are actively managed. At a correlation of -0.11, they often move in opposite directions. YBMN charges 0.85%/yr vs 1.22%/yr for USOY.

Performance

YBMN vs. USOY - Performance Comparison

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

Returns By Period

In the year-to-date period, YBMN achieves a -33.41% return, which is significantly lower than USOY's 29.22% return.

YBMN

• 1D: -4.00%
• 1M: -17.37%
• YTD: -33.41%
• 6M: -38.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: -4.06%
• 1M: -20.39%
• YTD: 29.22%
• 6M: 28.28%
• 1Y: 26.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YBMN vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025
YBMN Defiance BMNR Option Income ETF	-33.41%	-6.74%
USOY Defiance Oil Enhanced Options Income ETF	29.22%	0.16%

Correlation

The correlation between YBMN and USOY is -0.11, 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 (All Time) Calculated using the full available price history since Nov 25, 2025	-0.11

Return for Risk

YBMN vs. USOY — Risk / Return Rank

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

YBMN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

USOY

USOY Risk / Return Rank: 27
USOY Sharpe Ratio Rank: 26
USOY Sortino Ratio Rank: 25
USOY Omega Ratio Rank: 27
USOY Calmar Ratio Rank: 25
USOY Martin Ratio Rank: 31

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.

YBMN vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance BMNR Option Income ETF (YBMN) 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.

	YBMN	USOY	Difference
Sharpe ratio: Return per unit of total volatility	—	0.87	—
Sortino ratio: Return per unit of downside risk	—	1.26	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.10	—
Martin ratio: Return relative to average drawdown	—	4.07	—

Drawdowns

YBMN vs. USOY - Drawdown Comparison

The maximum YBMN drawdown since its inception was -51.37%, which is greater than USOY's maximum drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for YBMN and USOY.

Drawdown Indicators

	YBMN	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-51.37%	-24.40%	-26.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.40%	—
Current Drawdown Current decline from peak	-51.37%	-24.40%	-26.97%
Average Drawdown Average peak-to-trough decline	-32.37%	-6.67%	-25.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.60%	—

Volatility

Volatility by Period

	YBMN	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	80.10%	31.42%	+48.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.10%	26.64%	+53.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.10%	26.64%	+53.46%

YBMN vs. USOY - Expense Ratio Comparison

YBMN has a 0.85% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

YBMN vs. USOY - Dividend Comparison

YBMN's dividend yield for the trailing twelve months is around 53.18%, less than USOY's 71.18% yield.

Position	TTM	2025	2024
USOY Defiance Oil Enhanced Options Income ETF	71.18%	104.32%	48.60%
YBMN Defiance BMNR Option Income ETF	53.18%	6.80%	0.00%

Frequently Asked Questions

Can I hold both YBMN and USOY in my portfolio?

YBMN and USOY have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YBMN or USOY?

On fees, YBMN is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YBMN or USOY?

YBMN is cheaper with a 0.85% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 71.18%, compared with 53.18% for YBMN.

What is the main difference between YBMN and USOY?

Their fees differ too: 0.85% for YBMN and 1.22% for USOY.