DJIA vs. USOY

Last updated Jun 5, 2026

DJIA (Global X Dow 30 Covered Call ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. DJIA is passively managed, while USOY is actively managed. Over the past year, DJIA returned 14.27% vs 54.64% for USOY. At a correlation of -0.05, they often move in opposite directions. DJIA charges 0.60%/yr vs 1.22%/yr for USOY.

Performance

DJIA vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Dow 30 Covered Call ETF (DJIA) and Defiance Oil Enhanced Options Income ETF (USOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DJIA achieves a 3.46% return, which is significantly lower than USOY's 59.27% return.

DJIA

• 1D: 0.00%
• 1M: 3.03%
• YTD: 3.46%
• 6M: 3.90%
• 1Y: 14.27%
• 3Y*: 10.45%
• 5Y*: —
• 10Y*: —

USOY

• 1D: -1.79%
• 1M: -3.80%
• YTD: 59.27%
• 6M: 55.41%
• 1Y: 54.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DJIA vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DJIA Global X Dow 30 Covered Call ETF	3.46%	9.11%	9.14%
USOY Defiance Oil Enhanced Options Income ETF	59.27%	-7.93%	7.27%

Correlation

The correlation between DJIA and USOY is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.24
Correlation (All Time) Calculated using the full available price history since May 13, 2024	-0.05

The correlation between DJIA and USOY shifts across timeframes, from -0.24 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DJIA vs. USOY — Risk / Return Rank

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

DJIA

DJIA Risk / Return Rank: 52
DJIA Sharpe Ratio Rank: 55
DJIA Sortino Ratio Rank: 56
DJIA Omega Ratio Rank: 65
DJIA Calmar Ratio Rank: 40
DJIA Martin Ratio Rank: 45

USOY

USOY Risk / Return Rank: 55
USOY Sharpe Ratio Rank: 54
USOY Sortino Ratio Rank: 45
USOY Omega Ratio Rank: 55
USOY Calmar Ratio Rank: 77
USOY Martin Ratio Rank: 46

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.

DJIA vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call ETF (DJIA) and Defiance Oil Enhanced Options Income ETF (USOY). 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.

	DJIA	USOY	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.80	+0.05
Sortino ratio: Return per unit of downside risk	2.62	2.21	+0.41
Omega ratio: Gain probability vs. loss probability	1.39	1.33	+0.06
Calmar ratio: Return relative to maximum drawdown	1.95	3.84	-1.89
Martin ratio: Return relative to average drawdown	7.25	7.37	-0.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DJIA vs. USOY - Sharpe Ratio Comparison

The current DJIA Sharpe Ratio is 1.85, which is comparable to the USOY Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of DJIA and USOY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DJIA	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	1.80	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.95	-0.26

Drawdowns

DJIA vs. USOY - Drawdown Comparison

The maximum DJIA drawdown since its inception was -16.91%, roughly equal to the maximum USOY drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for DJIA and USOY.

Drawdown Indicators

	DJIA	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-16.91%	-17.46%	+0.55%
Max Drawdown (1Y) Largest decline over 1 year	-7.34%	-14.29%	+6.95%
Max Drawdown (3Y) Largest decline over 3 years	-12.09%	—	—
Current Drawdown Current decline from peak	-0.13%	-6.81%	+6.68%
Average Drawdown Average peak-to-trough decline	-3.59%	-6.47%	+2.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	7.43%	-5.46%

Volatility

DJIA vs. USOY - Volatility Comparison

The current volatility for Global X Dow 30 Covered Call ETF (DJIA) is 1.66%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.67%. This indicates that DJIA experiences smaller price fluctuations and is considered to be less risky than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DJIA	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.66%	11.67%	-10.01%
Volatility (6M) Calculated over the trailing 6-month period	6.24%	27.26%	-21.02%
Volatility (1Y) Calculated over the trailing 1-year period	7.74%	30.50%	-22.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.19%	26.14%	-14.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.19%	26.14%	-14.95%

DJIA vs. USOY - Expense Ratio Comparison

DJIA has a 0.60% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

DJIA vs. USOY - Dividend Comparison

DJIA's dividend yield for the trailing twelve months is around 10.82%, less than USOY's 56.65% yield.

Position	TTM	2025	2024	2023	2022
DJIA Global X Dow 30 Covered Call ETF	10.82%	10.60%	11.44%	7.16%	9.18%
USOY Defiance Oil Enhanced Options Income ETF	56.65%	104.32%	48.60%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DJIA and USOY in my portfolio?

DJIA and USOY have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DJIA or USOY?

USOY has higher volatility (11.67%) compared to DJIA (1.66%). In terms of maximum drawdown, DJIA dropped -16.91% vs USOY's -17.46%.

Which ETF is better, DJIA or USOY?

On 1-year performance, USOY leads with 54.64% vs 14.27% for DJIA. On fees, DJIA is cheaper at 0.60% per year. On volatility, DJIA has been the lower-risk option at 1.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DJIA or USOY?

Over the 1-year period, USOY has performed better with a 54.64% return vs 14.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DJIA or USOY?

DJIA is cheaper with a 0.60% expense ratio, compared with 1.22% for USOY.

Which ETF pays a higher dividend yield, DJIA or USOY?

USOY has the higher dividend yield at 56.65%, compared with 10.82% for DJIA.

What is the main difference between DJIA and USOY?

They also come from different issuers: Global X and Defiance. Their fees differ too: 0.60% for DJIA and 1.22% for USOY.

Which has better risk-adjusted returns?

DJIA currently has the higher Sharpe Ratio (1.85 vs 1.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.