COYY vs. USO

Last updated Jun 4, 2026

COYY (GraniteShares YieldBOOST COIN ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - COYY is a Derivative Income fund actively managed by GraniteShares, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. COYY is actively managed, while USO is passively managed. At a correlation of -0.03, they often move in opposite directions. COYY charges 1.07%/yr vs 0.86%/yr for USO.

Performance

COYY vs. USO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST COIN ETF (COYY) and United States Oil Fund LP (USO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COYY achieves a -29.65% return, which is significantly lower than USO's 103.67% return.

COYY

• 1D: -2.87%
• 1M: -7.38%
• YTD: -29.65%
• 6M: -39.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USO

• 1D: 2.62%
• 1M: -4.57%
• YTD: 103.67%
• 6M: 99.35%
• 1Y: 101.55%
• 3Y*: 29.98%
• 5Y*: 24.41%
• 10Y*: 4.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

COYY vs. USO - Yearly Performance Comparison

	2026 (YTD)	2025
COYY GraniteShares YieldBOOST COIN ETF	-29.65%	-38.98%
USO United States Oil Fund LP	103.67%	-13.33%

Correlation

The correlation between COYY and USO is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	-0.03

Return for Risk

COYY vs. USO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USO

USO Risk / Return Rank: 66
USO Sharpe Ratio Rank: 69
USO Sortino Ratio Rank: 60
USO Omega Ratio Rank: 61
USO Calmar Ratio Rank: 87
USO Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COYY vs. USO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST COIN ETF (COYY) and United States Oil Fund LP (USO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	COYY	USO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.31	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.74	-0.18	-1.57

Drawdowns

COYY vs. USO - Drawdown Comparison

The maximum COYY drawdown since its inception was -58.58%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for COYY and USO.

Drawdown Indicators

	COYY	USO	Difference
Max Drawdown Largest peak-to-trough decline	-58.58%	-98.19%	+39.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.39%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-86.75%	—
Current Drawdown Current decline from peak	-58.58%	-85.01%	+26.43%
Average Drawdown Average peak-to-trough decline	-35.21%	-75.30%	+40.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.82%	—

Volatility

Volatility by Period

	COYY	USO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	38.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	36.39%	44.20%	-7.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.39%	36.06%	+0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.39%	39.00%	-2.61%

COYY vs. USO - Expense Ratio Comparison

COYY has a 1.07% expense ratio, which is higher than USO's 0.86% expense ratio.

Dividends

COYY vs. USO - Dividend Comparison

COYY's dividend yield for the trailing twelve months is around 386.46%, while USO has not paid dividends to shareholders.

Position	TTM	2025
COYY GraniteShares YieldBOOST COIN ETF	386.46%	132.14%
USO United States Oil Fund LP	0.00%	0.00%

Frequently Asked Questions

Can I hold both COYY and USO in my portfolio?

COYY and USO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COYY or USO?

On fees, USO is cheaper at 0.86% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COYY or USO?

USO is cheaper with a 0.86% expense ratio, compared with 1.07% for COYY.

Which ETF pays a higher dividend yield, COYY or USO?

COYY has the higher dividend yield at 386.46%, compared with 0.00% for USO.

What is the main difference between COYY and USO?

COYY is categorized as Derivative Income, while USO is Oil & Gas. They also come from different issuers: GraniteShares and USCF. Their fees differ too: 1.07% for COYY and 0.86% for USO.