EDGX vs. USOY

Last updated Jun 4, 2026

EDGX (Global X U.S. 500 Income Edge ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. EDGX is passively managed, while USOY is actively managed. At a correlation of -0.59, they often move in opposite directions.

Performance

EDGX vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. 500 Income Edge ETF (EDGX) and Defiance Oil Enhanced Options Income ETF (USOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EDGX

• 1D: -0.49%
• 1M: 4.73%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: 1.45%
• 1M: -3.43%
• YTD: 62.18%
• 6M: 59.35%
• 1Y: 57.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EDGX vs. USOY - Yearly Performance Comparison

	2026 (YTD)
EDGX Global X U.S. 500 Income Edge ETF	10.16%
USOY Defiance Oil Enhanced Options Income ETF	42.76%

Correlation

The correlation between EDGX and USOY is -0.59, 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 (All Time) Calculated using the full available price history since Feb 19, 2026	-0.59

Return for Risk

EDGX vs. USOY — Risk / Return Rank

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

USOY

USOY Risk / Return Rank: 56
USOY Sharpe Ratio Rank: 55
USOY Sortino Ratio Rank: 46
USOY Omega Ratio Rank: 55
USOY Calmar Ratio Rank: 78
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.

EDGX vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. 500 Income Edge ETF (EDGX) 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.

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

Sharpe Ratios by Period

	EDGX	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.05	0.99	+2.06

Drawdowns

EDGX vs. USOY - Drawdown Comparison

The maximum EDGX drawdown since its inception was -7.56%, smaller than the maximum USOY drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for EDGX and USOY.

Drawdown Indicators

	EDGX	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-7.56%	-17.46%	+9.90%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.29%	—
Current Drawdown Current decline from peak	-0.49%	-5.11%	+4.62%
Average Drawdown Average peak-to-trough decline	-1.50%	-6.47%	+4.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.42%	—

Volatility

Volatility by Period

	EDGX	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	30.44%	-17.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.10%	26.13%	-13.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.10%	26.13%	-13.03%

Dividends

EDGX vs. USOY - Dividend Comparison

EDGX's dividend yield for the trailing twelve months is around 2.43%, less than USOY's 54.16% yield.

Position	TTM	2025	2024
EDGX Global X U.S. 500 Income Edge ETF	2.43%	0.00%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	54.16%	104.32%	48.60%

Frequently Asked Questions

Can I hold both EDGX and USOY in my portfolio?

EDGX and USOY have a correlation of -0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

USOY has the higher dividend yield at 54.16%, compared with 2.43% for EDGX.

What is the main difference between EDGX and USOY?

They also come from different issuers: Global X and Defiance.