FSCC vs. USOY

Last updated Jul 14, 2026

FSCC (Federated Hermes MDT Small Cap Core ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - FSCC is a Small Cap Blend Equities fund actively managed by Federated Hermes, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. Over the past year, FSCC returned 34.96% vs 33.28% for USOY. At a correlation of -0.09, they often move in opposite directions. FSCC charges 0.36%/yr vs 1.22%/yr for USOY.

Performance

FSCC vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Small Cap Core ETF (FSCC) 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, FSCC achieves a 19.16% return, which is significantly lower than USOY's 41.75% return.

FSCC

• 1D: -0.80%
• 1M: 0.69%
• 6M: 13.38%
• YTD: 19.16%
• 1Y: 34.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: 6.81%
• 1M: -5.16%
• 6M: 39.31%
• YTD: 41.75%
• 1Y: 33.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSCC vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FSCC Federated Hermes MDT Small Cap Core ETF	19.16%	15.30%	2.15%
USOY Defiance Oil Enhanced Options Income ETF	41.75%	-7.93%	7.74%

Correlation

The correlation between FSCC and USOY is -0.23, 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	-0.23
Correlation (All Time) Calculated using the full available price history since Jul 31, 2024	-0.09

The correlation between FSCC and USOY shifts across timeframes, from -0.23 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FSCC vs. USOY — Risk / Return Rank

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

FSCC

FSCC Risk / Return Rank: 71
FSCC Sharpe Ratio Rank: 70
FSCC Sortino Ratio Rank: 70
FSCC Omega Ratio Rank: 63
FSCC Calmar Ratio Rank: 77
FSCC Martin Ratio Rank: 77

USOY

USOY Risk / Return Rank: 35
USOY Sharpe Ratio Rank: 36
USOY Sortino Ratio Rank: 34
USOY Omega Ratio Rank: 38
USOY Calmar Ratio Rank: 32
USOY Martin Ratio Rank: 34

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.

FSCC vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Small Cap Core ETF (FSCC) 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.

	FSCC	USOY	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.03	+0.76
Sortino ratio: Return per unit of downside risk	2.54	1.48	+1.06
Omega ratio: Gain probability vs. loss probability	1.30	1.20	+0.10
Calmar ratio: Return relative to maximum drawdown	3.17	1.31	+1.86
Martin ratio: Return relative to average drawdown	11.43	4.03	+7.40

FSCC vs. USOY - Sharpe Ratio Comparison

The current FSCC Sharpe Ratio is 1.79, which is higher than the USOY Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of FSCC 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

FSCC vs. USOY - Drawdown Comparison

The maximum FSCC drawdown since its inception was -27.17%, which is greater than USOY's maximum drawdown of -25.51%. Use the drawdown chart below to compare losses from any high point for FSCC and USOY.

Drawdown Indicators

	FSCC	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-27.17%	-25.51%	-1.66%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	-25.51%	+14.44%
Current Drawdown Current decline from peak	-4.21%	-17.07%	+12.86%
Average Drawdown Average peak-to-trough decline	-4.98%	-7.02%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	8.27%	-5.20%

Volatility

FSCC vs. USOY - Volatility Comparison

The current volatility for Federated Hermes MDT Small Cap Core ETF (FSCC) is 5.74%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 12.76%. This indicates that FSCC 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

	FSCC	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	12.76%	-7.02%
Volatility (6M) Calculated over the trailing 6-month period	14.34%	29.86%	-15.52%
Volatility (1Y) Calculated over the trailing 1-year period	19.66%	32.42%	-12.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.21%	27.10%	-4.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.21%	27.10%	-4.89%

FSCC vs. USOY - Expense Ratio Comparison

FSCC has a 0.36% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

FSCC vs. USOY - Dividend Comparison

FSCC's dividend yield for the trailing twelve months is around 0.23%, less than USOY's 61.71% yield.

Position	TTM	2025	2024
FSCC Federated Hermes MDT Small Cap Core ETF	0.23%	0.27%	0.16%
USOY Defiance Oil Enhanced Options Income ETF	61.71%	104.32%	48.60%

Frequently Asked Questions

Can I hold both FSCC and USOY in my portfolio?

FSCC and USOY have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSCC or USOY?

USOY has higher volatility (12.76%) compared to FSCC (5.74%). In terms of maximum drawdown, FSCC dropped -27.17% vs USOY's -25.51%.

Which ETF is better, FSCC or USOY?

On 1-year performance, FSCC leads with 34.96% vs 33.28% for USOY. On fees, FSCC is cheaper at 0.36% per year. On volatility, FSCC has been the lower-risk option at 5.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FSCC or USOY?

Over the 1-year period, FSCC has performed better with a 34.96% return vs 33.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FSCC or USOY?

FSCC is cheaper with a 0.36% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 61.71%, compared with 0.23% for FSCC.

What is the main difference between FSCC and USOY?

FSCC is categorized as Small Cap Blend Equities, while USOY is Derivative Income. They also come from different issuers: Federated Hermes and Defiance. Their fees differ too: 0.36% for FSCC and 1.22% for USOY.

Which has better risk-adjusted returns?

FSCC currently has the higher Sharpe Ratio (1.79 vs 1.03), 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.