ESGG vs. USOY

Last updated Jun 4, 2026

ESGG (FlexShares STOXX Global ESG Select Index Fund) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - ESGG is a Large Cap Growth Equities fund tracking the STOXX Global ESG Select KPIs Index, while USOY is a Derivative Income fund actively managed by Defiance. ESGG is passively managed, while USOY is actively managed. Over the past year, ESGG returned 31.41% vs 57.29% for USOY. At a correlation of -0.09, they often move in opposite directions. ESGG charges 0.42%/yr vs 1.22%/yr for USOY.

Performance

ESGG vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares STOXX Global ESG Select Index Fund (ESGG) 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, ESGG achieves a 14.72% return, which is significantly lower than USOY's 62.18% return.

ESGG

• 1D: -0.48%
• 1M: 8.86%
• YTD: 14.72%
• 6M: 16.28%
• 1Y: 31.41%
• 3Y*: 21.51%
• 5Y*: 12.78%
• 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)

ESGG vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ESGG FlexShares STOXX Global ESG Select Index Fund	14.72%	24.01%	5.61%
USOY Defiance Oil Enhanced Options Income ETF	62.18%	-7.93%	7.27%

Correlation

The correlation between ESGG and USOY is -0.31, 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	-0.31
Correlation (All Time) Calculated using the full available price history since May 13, 2024	-0.09

Over the past year, the inverse relationship between ESGG and USOY has strengthened: their correlation has moved from -0.09 to -0.31, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

ESGG vs. USOY — Risk / Return Rank

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

ESGG

ESGG Risk / Return Rank: 78
ESGG Sharpe Ratio Rank: 80
ESGG Sortino Ratio Rank: 82
ESGG Omega Ratio Rank: 78
ESGG Calmar Ratio Rank: 69
ESGG Martin Ratio Rank: 79

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.

ESGG vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares STOXX Global ESG Select Index Fund (ESGG) 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.

	ESGG	USOY	Difference
Sharpe ratio: Return per unit of total volatility	2.62	1.89	+0.73
Sortino ratio: Return per unit of downside risk	3.69	2.30	+1.39
Omega ratio: Gain probability vs. loss probability	1.47	1.35	+0.12
Calmar ratio: Return relative to maximum drawdown	3.44	4.03	-0.59
Martin ratio: Return relative to average drawdown	15.38	7.74	+7.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESGG vs. USOY - Sharpe Ratio Comparison

The current ESGG Sharpe Ratio is 2.62, which is higher than the USOY Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of ESGG 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

	ESGG	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	1.89	+0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.99	-0.13

Drawdowns

ESGG vs. USOY - Drawdown Comparison

The maximum ESGG drawdown since its inception was -32.31%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for ESGG and USOY.

Drawdown Indicators

	ESGG	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-32.31%	-17.46%	-14.85%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-14.29%	+5.13%
Max Drawdown (3Y) Largest decline over 3 years	-16.71%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.57%	—	—
Current Drawdown Current decline from peak	-0.48%	-5.11%	+4.63%
Average Drawdown Average peak-to-trough decline	-4.66%	-6.47%	+1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	7.42%	-5.37%

Volatility

ESGG vs. USOY - Volatility Comparison

The current volatility for FlexShares STOXX Global ESG Select Index Fund (ESGG) is 3.76%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.62%. This indicates that ESGG 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

	ESGG	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	11.62%	-7.86%
Volatility (6M) Calculated over the trailing 6-month period	9.67%	27.18%	-17.51%
Volatility (1Y) Calculated over the trailing 1-year period	12.05%	30.44%	-18.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.04%	26.13%	-10.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.51%	26.13%	-9.62%

ESGG vs. USOY - Expense Ratio Comparison

ESGG has a 0.42% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

ESGG vs. USOY - Dividend Comparison

ESGG's dividend yield for the trailing twelve months is around 1.21%, less than USOY's 54.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ESGG FlexShares STOXX Global ESG Select Index Fund	1.21%	1.39%	1.84%	1.73%	1.83%	1.34%	1.36%	1.94%	2.12%	1.71%	0.87%
USOY Defiance Oil Enhanced Options Income ETF	54.16%	104.32%	48.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ESGG and USOY in my portfolio?

ESGG and USOY have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ESGG or USOY?

USOY has higher volatility (11.62%) compared to ESGG (3.76%). In terms of maximum drawdown, ESGG dropped -32.31% vs USOY's -17.46%.

Which ETF is better, ESGG or USOY?

On 1-year performance, USOY leads with 57.29% vs 31.41% for ESGG. On fees, ESGG is cheaper at 0.42% per year. On volatility, ESGG has been the lower-risk option at 3.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ESGG or USOY?

Over the 1-year period, USOY has performed better with a 57.29% return vs 31.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ESGG or USOY?

ESGG is cheaper with a 0.42% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 54.16%, compared with 1.21% for ESGG.

What is the main difference between ESGG and USOY?

ESGG is categorized as Large Cap Growth Equities, while USOY is Derivative Income. They also come from different issuers: Northern Trust and Defiance. Their fees differ too: 0.42% for ESGG and 1.22% for USOY.

Which has better risk-adjusted returns?

ESGG currently has the higher Sharpe Ratio (2.62 vs 1.89), 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.