USOY ETF offers high income but has declining value due to high expense ratio

The Defiance Oil Enhanced Options Income ETF (USOY) offers a tantalizing implied annualized distribution rate of 111%, distributing income on a weekly basis through an actively managed strategy of selling put options on the United States Oil Fund (USO). However, despite the high yield, the fund’s value has been steadily declining due to a high expense ratio and ineffectiveness in tracking crude oil prices over the longer term. The fund’s total return has been negative since its inception, making it a high-risk investment not suitable for those seeking a reliable passive income stream.

Read more at Yahoo Finance: USOY Is an Income Juggernaut