EHY vs. USOY

Last updated Aug 6, 2026

EHY (Amplify Ethereum Max Income Covered Call ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - EHY is a Cryptocurrency fund actively managed by Amplify, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. Their -0.08 correlation means they have often moved in opposite directions in the past. EHY charges 0.75%/yr vs 1.22%/yr for USOY.

Performance

EHY vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Ethereum Max Income Covered Call ETF (EHY) 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, EHY achieves a -36.53% return, which is significantly lower than USOY's 37.45% return.

EHY

• 1D: 2.28%
• 1M: 12.11%
• 6M: -17.76%
• YTD: -36.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

USOY

• 1D: -0.30%
• 1M: 6.61%
• 6M: 24.76%
• YTD: 37.45%
• 1Y: 31.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.09%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EHY Amplify Ethereum Max Income Covered Call ETF	$63.17K	$39.74K	$73.16K
USOY Defiance Oil Enhanced Options Income ETF	$3.24M	$3.29M	$3.32M

EHY vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025
EHY Amplify Ethereum Max Income Covered Call ETF	-36.53%	-25.56%
USOY Defiance Oil Enhanced Options Income ETF	37.45%	-2.99%

Correlation

The correlation between EHY and USOY is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025	-0.08

Return for Risk

EHY vs. USOY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EHY

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

USOY

USOY Risk / Return Rank: 32
USOY Sharpe Ratio Rank: 32
USOY Sortino Ratio Rank: 31
USOY Omega Ratio Rank: 33
USOY Calmar Ratio Rank: 33
USOY Martin Ratio Rank: 33

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EHY vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Ethereum Max Income Covered Call ETF (EHY) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EHY	USOY	Difference
Sharpe ratio: Return per unit of total volatility	—	0.89	—
Sortino ratio: Return per unit of downside risk	—	1.33	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.24	—
Martin ratio: Return relative to average drawdown	—	3.58	—

Drawdowns

EHY vs. USOY - Drawdown Comparison

The maximum EHY drawdown since its inception was -61.70%, which is greater than USOY's maximum drawdown of -25.51%. Use the drawdown chart below to compare losses from any high point for EHY and USOY.

Drawdown Indicators

	EHY	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-61.70%	-25.51%	-36.19%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.51%	—
Current Drawdown Current decline from peak	-52.84%	-19.58%	-33.26%
Average Drawdown Average peak-to-trough decline	-37.86%	-7.22%	-30.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.80%	—

Volatility

Volatility by Period

	EHY	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	59.54%	35.43%	+24.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.54%	28.47%	+31.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.54%	28.47%	+31.07%

EHY vs. USOY - Expense Ratio Comparison

EHY has a 0.75% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

EHY vs. USOY - Dividend Comparison

EHY's dividend yield for the trailing twelve months is around 59.23%, less than USOY's 62.27% yield.

Position	TTM	2025	2024
EHY Amplify Ethereum Max Income Covered Call ETF	59.23%	8.87%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	62.27%	104.32%	48.60%

Frequently Asked Questions

Can I hold both EHY and USOY in my portfolio?

EHY and USOY have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EHY or USOY?

On fees, EHY is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EHY or USOY?

EHY is cheaper with a 0.75% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 62.27%, compared with 59.23% for EHY.

What is the main difference between EHY and USOY?

EHY is categorized as Cryptocurrency, while USOY is Derivative Income. They also come from different issuers: Amplify and Defiance. Their fees differ too: 0.75% for EHY and 1.22% for USOY.