FEAT vs. USOY

Last updated Jun 24, 2026

FEAT (YieldMax Dorsey Wright Featured 5 Income ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. FEAT is passively managed, while USOY is actively managed. Over the past year, FEAT returned -10.13% vs 26.28% for USOY. At a correlation of -0.05, they often move in opposite directions. FEAT charges 1.28%/yr vs 1.22%/yr for USOY.

Performance

FEAT vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) 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, FEAT achieves a -6.78% return, which is significantly lower than USOY's 34.69% return.

FEAT

• 1D: 0.00%
• 1M: -1.87%
• YTD: -6.78%
• 6M: -8.34%
• 1Y: -10.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: -1.29%
• 1M: -17.01%
• YTD: 34.69%
• 6M: 34.18%
• 1Y: 26.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FEAT vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FEAT YieldMax Dorsey Wright Featured 5 Income ETF	-6.78%	-4.21%	-9.44%
USOY Defiance Oil Enhanced Options Income ETF	34.69%	-7.93%	2.88%

Correlation

The correlation between FEAT and USOY is -0.17, 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	-0.17
Correlation (All Time) Calculated using the full available price history since Dec 17, 2024	-0.05

The correlation between FEAT and USOY shifts across timeframes, from -0.17 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FEAT vs. USOY — Risk / Return Rank

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

FEAT

FEAT Risk / Return Rank: 6
FEAT Sharpe Ratio Rank: 6
FEAT Sortino Ratio Rank: 6
FEAT Omega Ratio Rank: 6
FEAT Calmar Ratio Rank: 6
FEAT Martin Ratio Rank: 6

USOY

USOY Risk / Return Rank: 26
USOY Sharpe Ratio Rank: 25
USOY Sortino Ratio Rank: 23
USOY Omega Ratio Rank: 26
USOY Calmar Ratio Rank: 27
USOY Martin Ratio Rank: 30

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.

FEAT vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) 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.

	FEAT	USOY	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	0.85	-1.20
Sortino ratio: Return per unit of downside risk	-0.30	1.24	-1.54
Omega ratio: Gain probability vs. loss probability	0.96	1.18	-0.21
Calmar ratio: Return relative to maximum drawdown	-0.32	1.25	-1.57
Martin ratio: Return relative to average drawdown	-0.62	4.10	-4.72

FEAT vs. USOY - Sharpe Ratio Comparison

The current FEAT Sharpe Ratio is -0.35, which is lower than the USOY Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of FEAT 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.

Drawdowns

FEAT vs. USOY - Drawdown Comparison

The maximum FEAT drawdown since its inception was -31.68%, which is greater than USOY's maximum drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for FEAT and USOY.

Drawdown Indicators

	FEAT	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-31.68%	-21.19%	-10.49%
Max Drawdown (1Y) Largest decline over 1 year	-31.68%	-21.19%	-10.49%
Current Drawdown Current decline from peak	-20.04%	-21.19%	+1.15%
Average Drawdown Average peak-to-trough decline	-13.61%	-6.63%	-6.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.37%	6.44%	+9.93%

Volatility

FEAT vs. USOY - Volatility Comparison

The current volatility for YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) is 8.04%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 10.34%. This indicates that FEAT 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

	FEAT	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.04%	10.34%	-2.30%
Volatility (6M) Calculated over the trailing 6-month period	20.42%	28.44%	-8.02%
Volatility (1Y) Calculated over the trailing 1-year period	28.78%	31.56%	-2.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.37%	26.51%	+3.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.37%	26.51%	+3.86%

FEAT vs. USOY - Expense Ratio Comparison

FEAT has a 1.28% expense ratio, which is higher than USOY's 1.22% expense ratio.

Dividends

FEAT vs. USOY - Dividend Comparison

FEAT's dividend yield for the trailing twelve months is around 85.92%, more than USOY's 68.29% yield.

Position	TTM	2025	2024
FEAT YieldMax Dorsey Wright Featured 5 Income ETF	85.92%	76.35%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	68.29%	104.32%	48.60%

Frequently Asked Questions

Can I hold both FEAT and USOY in my portfolio?

FEAT and USOY have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEAT or USOY?

USOY has higher volatility (10.34%) compared to FEAT (8.04%). In terms of maximum drawdown, FEAT dropped -31.68% vs USOY's -21.19%.

Which ETF is better, FEAT or USOY?

On 1-year performance, USOY leads with 26.28% vs -10.13% for FEAT. On fees, USOY is cheaper at 1.22% per year. On volatility, FEAT has been the lower-risk option at 8.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEAT or USOY?

Over the 1-year period, USOY has performed better with a 26.28% return vs -10.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEAT or USOY?

USOY is cheaper with a 1.22% expense ratio, compared with 1.28% for FEAT.

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

FEAT has the higher dividend yield at 85.92%, compared with 68.29% for USOY.

What is the main difference between FEAT and USOY?

They also come from different issuers: YieldMax and Defiance. Their fees differ too: 1.28% for FEAT and 1.22% for USOY.

Which has better risk-adjusted returns?

USOY currently has the higher Sharpe Ratio (0.85 vs -0.35), 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.