{
 "ticker": "USOY",
 "name": "Defiance Oil Enhanced Options Income ETF",
 "issuer": "Defiance",
 "desk": "income",
 "url": "https://etfiq.com/funds/usoy",
 "html": "https://etfiq.com/funds/usoy",
 "markdown": "https://etfiq.com/funds/usoy.md",
 "as_of": "2026-09-18",
 "verdict": "Over the year to Sep 18, 2026, USOY paid 47.6% in cash and finished 11.6 points ahead of XLE.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "47.6%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "USOY, cash paid, 1 year, on its starting price: 47.6%, as of Sep 18, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+59.4%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "USOY, total return, 1 year: +59.4%, as of Sep 18, 2026."
  },
  {
   "key": "against_xle",
   "label": "Against XLE",
   "value": "+11.6 pts",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "USOY, against XLE: +11.6 pts, as of Sep 18, 2026."
  },
  {
   "key": "return_of_capital_latest_payout",
   "label": "Return of capital, latest payout (Defiance estimate)",
   "value": "94.5%",
   "source": "Defiance estimate",
   "as_of": "2026-09-18",
   "sentence": "USOY, return of capital, latest payout (Defiance estimate): 94.5%, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$75m",
   "source": "the issuer\u2019s own daily fund list, as of Sep 18, 2026",
   "as_of": "2026-09-18",
   "sentence": "USOY, net assets: $75m (the issuer\u2019s own daily fund list, as of Sep 18, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.12%",
   "source": "485BPOS XBRL, Dec 22, 2025",
   "as_of": "2026-09-18",
   "sentence": "USOY, expense ratio: 1.12% (485BPOS XBRL, Dec 22, 2025)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "option income",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Energy sector (XLE), used as the energy proxy (proxy)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "weekly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$75m",
   "source": "the issuer\u2019s own daily fund list, as of Sep 18, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "46.8%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.12%",
   "source": "485BPOS XBRL, Dec 22, 2025"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "50.0%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "May 10, 2024",
   "source": null
  },
  {
   "key": "return_of_capital_latest_distribution",
   "label": "Return of capital, latest distribution",
   "value": "94.5%",
   "source": "Defiance 19a-1 estimate"
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "11.6%",
   "Price": "+9.3%",
   "Total return": "+22.6%",
   "XLE": "+20.4%",
   "Ahead or behind": "+2.1 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "21.4%",
   "Price": "\u221213.3%",
   "Total return": "+10.5%",
   "XLE": "+9.9%",
   "Ahead or behind": "+0.6 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "47.6%",
   "Price": "\u22124.8%",
   "Total return": "+59.4%",
   "XLE": "+47.8%",
   "Ahead or behind": "+11.6 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "81.9%",
   "Price": "\u221261.3%",
   "Total return": "+67.0%",
   "XLE": "+47.1%",
   "Ahead or behind": "+19.9 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has USOY paid over the last year?",
   "a": "Over the year to Sep 18, 2026, USOY paid 47.6% of its starting price in cash distributions, while the price fell 4.8%."
  },
  {
   "q": "Is USOY ahead of XLE?",
   "a": "Over the year to Sep 18, 2026, with every distribution reinvested, USOY returned +59.4% against +47.8% for Energy sector (XLE), used as the energy proxy, so a holder was ahead of it by 11.6 points."
  },
  {
   "q": "How often does USOY pay, and how much?",
   "a": "USOY pays weekly. The latest distribution annualizes to 46.8% at its price on Sep 18, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "Is the USOY distribution return of capital?",
   "a": "Defiance estimates 95% of the distribution paid Sep 18, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion."
  },
  {
   "q": "What does USOY cost?",
   "a": "The prospectus expense ratio is 1.12% a year."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}