OUSL ETF — Defiance Daily Target 2X Long Oust ETF

Defiance Daily Target 2X Long Oust ETF (OUSL)

OUSL is an ETF linked to Ouster (OUST). its expense ratio is 1.31%. Total return is -44.5% over the past 0.2 years, 28.0 points behind OUST at -16.5%.

Defiance Daily Target 2X Long Oust is an ETF that seeks to deliver twice the daily performance of Ouster (OUST), a single-stock holding, through the use of leverage. The fund has a modest asset base and carries an expense ratio of 1.31%. This leveraged product is designed for traders seeking short-term directional exposure rather than for buy-and-hold income investors, as leveraged ETFs reset daily and experience decay over longer holding periods.

OUSL performance versus OUST

Price and return data through 2026-09-18.

Total return is -44.5% over the past 0.2 years, 28.0 points behind OUST at -16.5%.

OUSL key facts

Issuer

Defiance ETFs

Asset type

ETF

Asset class

Equity

Inception date

07/14/2026

Expense ratio

1.31%

Distribution frequency

None

Last close

$12.13 (as of 2026-09-18)

NAV

$11.37

Premium / discount

6.68% premium

AUM

$2,101,182

Average volume

14800.0

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Defiance ETFs or company page; Index: Ouster (OUST); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

OUSL risks and drawbacks

Total return has trailed OUST over the available window.

Who may consider OUSL — and who may not

It is a weaker fit for investors who need monthly cash flow (OUSL does not currently distribute); investors hunting double-digit covered-call yields; investors whose main goal is matching OUST total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Defiance ETFs.