USOY
Defiance Oil Enhanced Options Income ETF
USOY is an actively managed fund that employs a put options strategy that emphasizes current income while providing exposure to the price of United States Oil Fund (USO).
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
$ 77.9 M
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Inception date | May 09, 2024 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Monthly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| UNITED STATES TREASURY BILL 09/03/2026 | 34.3 % |
| UNITED STATES TREASURY BILL 07/09/2026 | 21.3 % |
| UNITED STATES TREASURY BILL 08/06/2026 | 19.3 % |
| CASH & OTHER | 15.8 % |
| UNITED STATES TREASURY BILL 06/11/2026 | 15.7 % |
| USO 06/18/2026 140.01 C | 7.7 % |
| UNITED STATES TREASURY BILL 05/12/2026 | 7.1 % |
| USO US 04/17/26 C139 | 1.5 % |
| USO US 04/17/26 C130 | -3.1 % |
| USO 06/18/2026 140.01 P | -19.5 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 41.7% | -27.2% | -- | -- | -- | -- | -- | -33.5% |
| Dividend Yield | 18.5% | 71.6% | -- | -- | -- | -- | -- | 61.5% |
| Total Returns | 60.2% | 44.4% | -- | -- | -- | -- | -- | 28.0% | Ann. Volatility | 30.1% | 25.4% | -- | -- | -- | -- | -- | 22.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.30 | 5% |
| MSCI EAFE | 0.09 | 0% |
| MSCI Emg Mkts | 0.06 | 0% |
Liquidity Measures
| Avg. volume (000) | 1,045 |
| ADV traded (mns) | $9 |
| Turnover | 11.4% |
| Avg. Bid/Ask (% of price) | 0.18% |
Technical Indicators
| 30d moving avg. (EMA) | $8.12 |
| Relative strength (RSI) | 53 |
| MACD/Signal | 0.18/0.33 |
| Bollinger Bands (Upper/Lower) | $9.28/$7.79 |
| Short interest (% of AUM) | 0.3% |
Distributions