FDNI vs. USOY
FDNI (First Trust Dow Jones International Internet ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - FDNI is a Large Cap Growth Equities fund tracking the Dow Jones International Internet Index, while USOY is a Derivative Income fund actively managed by Defiance. FDNI is passively managed, while USOY is actively managed. Over the past year, FDNI returned -12.94% vs 57.29% for USOY. At a correlation of -0.04, they often move in opposite directions. FDNI charges 0.65%/yr vs 1.22%/yr for USOY.
Performance
FDNI vs. USOY - Performance Comparison
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Returns By Period
In the year-to-date period, FDNI achieves a -18.16% return, which is significantly lower than USOY's 62.18% return.
FDNI
- 1D
- -3.40%
- 1M
- -1.01%
- YTD
- -18.16%
- 6M
- -18.40%
- 1Y
- -12.94%
- 3Y*
- 8.13%
- 5Y*
- -8.73%
- 10Y*
- —
USOY
- 1D
- 1.45%
- 1M
- -3.43%
- YTD
- 62.18%
- 6M
- 59.35%
- 1Y
- 57.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDNI vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FDNI First Trust Dow Jones International Internet ETF | -18.16% | 25.64% | 13.96% |
USOY Defiance Oil Enhanced Options Income ETF | 62.18% | -7.93% | 7.27% |
Correlation
The correlation between FDNI and USOY is -0.25, 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 | -0.25 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | -0.04 |
Over the past year, the inverse relationship between FDNI and USOY has strengthened: their correlation has moved from -0.04 to -0.25, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
FDNI vs. USOY — Risk / Return Rank
FDNI
USOY
FDNI vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones International Internet ETF (FDNI) 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.
| FDNI | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.35 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 4.03 | -4.42 |
| Martin ratioReturn relative to average drawdown | -0.75 | 7.74 | -8.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDNI | USOY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | 1.89 | -2.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.99 | -0.84 |
Drawdowns
FDNI vs. USOY - Drawdown Comparison
The maximum FDNI drawdown since its inception was -71.08%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for FDNI and USOY.
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Drawdown Indicators
| FDNI | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.08% | -17.46% | -53.62% |
Max Drawdown (1Y)Largest decline over 1 year | -33.22% | -14.29% | -18.93% |
Max Drawdown (3Y)Largest decline over 3 years | -33.22% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -65.86% | — | — |
Current DrawdownCurrent decline from peak | -49.38% | -5.11% | -44.27% |
Average DrawdownAverage peak-to-trough decline | -34.55% | -6.47% | -28.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.27% | 7.42% | +9.85% |
Volatility
FDNI vs. USOY - Volatility Comparison
The current volatility for First Trust Dow Jones International Internet ETF (FDNI) is 7.96%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.62%. This indicates that FDNI 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.
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Volatility by Period
| FDNI | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.96% | 11.62% | -3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 18.80% | 27.18% | -8.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.95% | 30.44% | -6.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.63% | 26.13% | +10.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.57% | 26.13% | +8.44% |
FDNI vs. USOY - Expense Ratio Comparison
FDNI has a 0.65% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
FDNI vs. USOY - Dividend Comparison
FDNI's dividend yield for the trailing twelve months is around 1.36%, less than USOY's 54.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FDNI First Trust Dow Jones International Internet ETF | 1.36% | 1.12% | 1.07% | 0.40% | 0.00% | 0.00% | 0.16% | 3.12% |
USOY Defiance Oil Enhanced Options Income ETF | 54.16% | 104.32% | 48.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FDNI and USOY have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USOY has higher volatility (11.62%) compared to FDNI (7.96%). In terms of maximum drawdown, FDNI dropped -71.08% vs USOY's -17.46%.
On 1-year performance, USOY leads with 57.29% vs -12.94% for FDNI. On fees, FDNI is cheaper at 0.65% per year. On volatility, FDNI has been the lower-risk option at 7.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USOY has performed better with a 57.29% return vs -12.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDNI is cheaper with a 0.65% expense ratio, compared with 1.22% for USOY.
USOY has the higher dividend yield at 54.16%, compared with 1.36% for FDNI.
FDNI is categorized as Large Cap Growth Equities, while USOY is Derivative Income. They also come from different issuers: First Trust and Defiance. Their fees differ too: 0.65% for FDNI and 1.22% for USOY.
USOY currently has the higher Sharpe Ratio (1.89 vs -0.54), 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.
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