FEUZ vs. USOY
FEUZ (First Trust Eurozone AlphaDEX ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - FEUZ is a Europe Equities fund tracking the NASDAQ AlphaDEX Eurozone Index, while USOY is a Derivative Income fund actively managed by Defiance. FEUZ is passively managed, while USOY is actively managed. Over the past year, FEUZ returned 26.81% vs 41.94% for USOY. Their -0.07 correlation means they have often moved in opposite directions in the past. FEUZ charges 0.80%/yr vs 1.22%/yr for USOY.
Performance
FEUZ vs. USOY - Performance Comparison
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Returns By Period
In the year-to-date period, FEUZ achieves a 12.32% return, which is significantly lower than USOY's 51.25% return.
FEUZ
- 1D
- -0.11%
- 1M
- 1.28%
- 6M
- 6.13%
- YTD
- 12.32%
- 1Y
- 26.81%
- 3Y*
- 21.74%
- 5Y*
- 10.89%
- 10Y*
- 10.67%
- ALL TIME*
- 9.32%
USOY
- 1D
- 1.10%
- 1M
- 18.05%
- 6M
- 38.09%
- YTD
- 51.25%
- 1Y
- 41.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $505.93K | $296.63K | $278.69K | |
| $3.02M | $3.27M | $3.42M |
FEUZ vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FEUZ First Trust Eurozone AlphaDEX ETF | 12.32% | 56.34% | -5.39% |
USOY Defiance Oil Enhanced Options Income ETF | 51.25% | -7.93% | 6.13% |
Correlation
The correlation between FEUZ and USOY is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.21 |
Correlation (All Time) Calculated using the full available price history since May 10, 2024 | -0.07 |
The correlation between FEUZ and USOY shifts across timeframes, from -0.21 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FEUZ vs. USOY — Risk / Return Rank
FEUZ
USOY
FEUZ vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Eurozone AlphaDEX ETF (FEUZ) 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.
| FEUZ | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.53 | +0.54 |
| Martin ratioReturn relative to average drawdown | 7.73 | 4.54 | +3.19 |
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Drawdowns
FEUZ vs. USOY - Drawdown Comparison
The maximum FEUZ drawdown since its inception was -48.08%, which is greater than USOY's maximum drawdown of -25.51%. Use the drawdown chart below to compare losses from any high point for FEUZ and USOY.
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Drawdown Indicators
| FEUZ | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.08% | -25.51% | -22.57% |
Max Drawdown (1Y)Largest decline over 1 year | -12.49% | -25.51% | +13.02% |
Max Drawdown (3Y)Largest decline over 3 years | -18.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.08% | — | — |
Current DrawdownCurrent decline from peak | -0.48% | -11.50% | +11.02% |
Average DrawdownAverage peak-to-trough decline | -10.38% | -7.16% | -3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 8.81% | -5.47% |
Volatility
FEUZ vs. USOY - Volatility Comparison
The current volatility for First Trust Eurozone AlphaDEX ETF (FEUZ) is 4.40%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 15.28%. This indicates that FEUZ 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
| FEUZ | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 15.28% | -10.88% |
Volatility (6M)Calculated over the trailing 6-month period | 15.09% | 32.32% | -17.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.33% | 34.89% | -17.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.01% | 28.20% | -6.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.42% | 28.20% | -6.78% |
FEUZ vs. USOY - Expense Ratio Comparison
FEUZ has a 0.80% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
FEUZ vs. USOY - Dividend Comparison
FEUZ's dividend yield for the trailing twelve months is around 2.65%, less than USOY's 56.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEUZ First Trust Eurozone AlphaDEX ETF | 2.65% | 2.81% | 2.01% | 2.95% | 3.14% | 2.52% | 1.46% | 1.93% | 2.46% | 1.29% | 2.12% | 1.09% |
USOY Defiance Oil Enhanced Options Income ETF | 56.58% | 104.32% | 48.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FEUZ and USOY have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USOY has higher volatility (15.28%) compared to FEUZ (4.40%). In terms of maximum drawdown, FEUZ dropped -48.08% vs USOY's -25.51%.
On 1-year performance, USOY leads with 41.94% vs 26.81% for FEUZ. On fees, FEUZ is cheaper at 0.80% per year. On volatility, FEUZ has been the lower-risk option at 4.40%. 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 41.94% return vs 26.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FEUZ is cheaper with a 0.80% expense ratio, compared with 1.22% for USOY.
USOY has the higher dividend yield at 56.58%, compared with 2.65% for FEUZ.
FEUZ is categorized as Europe Equities, while USOY is Derivative Income. They also come from different issuers: First Trust and Defiance. Their fees differ too: 0.80% for FEUZ and 1.22% for USOY.
FEUZ currently has the higher Sharpe Ratio (1.49 vs 1.12), 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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