Defiance Oil Enhanced Options Income ETF (USOY) Performance
USOY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +81.1% since Dec 31, 2025
- 1 year
- +80.2% total return
- Since first price
- +79.0% since 2024
USOY trailing returns vs SPY, QQQ, AGG
| Period | USOY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +9.9% | +5.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +12.1% | −0.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +16.0% | −8.4% | +7.8% | +8.4% | −1.5% |
| YTD | +81.1% | +21.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +80.2% | +9.2% | +14.4% | +15.9% | −1.1% |
| Since inceptionMay 10, 2024 | +79.0% | −60.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: USOY vs SPY
From May 10, 2024: USOY grew to $17,904, SPY to $15,022.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
USOY returns by calendar year
0 of 1 full years positive. Best 2025 (−7.9%), worst 2025 (−7.9%). 2026 is year to date.
USOY annual returns table
| Year | USOY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +81.1% | −25.5% | +12.3% | +15.1% | −1.0% |
| 2025 | −7.9% | −17.5% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
USOY largest drawdowns
At an all-time high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 19, 2026 | −25.5% | Jul 1, 2026 | Sep 10, 2026 | 43 days | 4 months |
| Jan 17, 2025 | −17.5% | Apr 8, 2025 | Feb 19, 2026 | 3 months | 1.1 years |
| Jul 5, 2024 | −14.3% | Sep 10, 2024 | Dec 30, 2024 | 2 months | 6 months |
| Apr 6, 2026 | −13.8% | Apr 17, 2026 | Apr 29, 2026 | 11 days | 23 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
USOY risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +22.6% |
| Volatility (annualized) | 31.0% |
| Sharpe ratio | 0.67 |
| Sortino ratio | 1.37 |
| Best month | +34.0% |
| Worst month | −13.4% |
| Best 12 months | +73.5% |
| Worst 12 months | −7.9% |
| Positive months | 57% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
USOY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 18 | −7.9% | +8.8% | +79.1% | 72% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
USOY performance overview
Defiance Oil Enhanced Options Income ETF (USOY) returned +80.2% over the past year, with distributions reinvested. Since its first recorded price on May 10, 2024 it has returned +79.0%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −25.5%, from May 19, 2026 to Jul 1, 2026, and it took 2 months to get back to the old high. Volatility has been 31.0% a year.
Related: USOY chart, USOY dividends. See the USOY overview for the latest quote and fund facts.
USOY performance FAQ
What is the USOY return over the past year?
USOY returned +80.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.2%.
How much would $10,000 invested in USOY be worth?
$10,000 invested in USOY at its first recorded close on May 10, 2024 would be worth about $17,904 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of USOY?
The largest peak-to-trough decline was −25.5% between May 19, 2026 and July 1, 2026. It recovered to the old high on September 10, 2026, 2 months after the bottom.
How volatile is USOY?
Over the past history USOY had an annualized volatility of 31.0% and a Sharpe ratio of 0.67 (excess return over 1–3 month T-bills per unit of risk).