FTEC vs. USOY
FTEC (Fidelity MSCI Information Technology Index ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index, while USOY is a Derivative Income fund actively managed by Defiance. FTEC is passively managed, while USOY is actively managed. Over the past year, FTEC returned 60.87% vs 57.29% for USOY. At a correlation of -0.04, they often move in opposite directions. FTEC charges 0.08%/yr vs 1.22%/yr for USOY.
Performance
FTEC vs. USOY - Performance Comparison
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Returns By Period
In the year-to-date period, FTEC achieves a 31.89% return, which is significantly lower than USOY's 62.18% return.
FTEC
- 1D
- -1.49%
- 1M
- 18.21%
- YTD
- 31.89%
- 6M
- 30.74%
- 1Y
- 60.87%
- 3Y*
- 33.93%
- 5Y*
- 22.49%
- 10Y*
- 25.57%
USOY
- 1D
- 1.45%
- 1M
- -3.43%
- YTD
- 62.18%
- 6M
- 59.35%
- 1Y
- 57.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTEC vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 31.89% | 22.11% | 20.88% |
USOY Defiance Oil Enhanced Options Income ETF | 62.18% | -7.93% | 7.27% |
Correlation
The correlation between FTEC 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 May 13, 2024 | -0.04 |
The correlation between FTEC and USOY shifts across timeframes, from -0.23 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FTEC vs. USOY — Risk / Return Rank
FTEC
USOY
FTEC vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) 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.
| FTEC | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.35 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | 4.03 | -0.27 |
| Martin ratioReturn relative to average drawdown | 12.10 | 7.74 | +4.36 |
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
| FTEC | USOY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.97 | 1.89 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.99 | -0.01 |
Drawdowns
FTEC vs. USOY - Drawdown Comparison
The maximum FTEC drawdown since its inception was -34.95%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for FTEC and USOY.
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Drawdown Indicators
| FTEC | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.95% | -17.46% | -17.49% |
Max Drawdown (1Y)Largest decline over 1 year | -16.26% | -14.29% | -1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -27.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.95% | — | — |
Current DrawdownCurrent decline from peak | -1.49% | -5.11% | +3.62% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -6.47% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.05% | 7.42% | -2.37% |
Volatility
FTEC vs. USOY - Volatility Comparison
The current volatility for Fidelity MSCI Information Technology Index ETF (FTEC) is 6.43%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.62%. This indicates that FTEC 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
| FTEC | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.43% | 11.62% | -5.19% |
Volatility (6M)Calculated over the trailing 6-month period | 16.14% | 27.18% | -11.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.63% | 30.44% | -9.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.23% | 26.13% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.69% | 26.13% | -1.44% |
FTEC vs. USOY - Expense Ratio Comparison
FTEC has a 0.08% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
FTEC vs. USOY - Dividend Comparison
FTEC's dividend yield for the trailing twelve months is around 0.32%, less than USOY's 54.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 0.32% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
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% | 0.00% |
Frequently Asked Questions
FTEC 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.
USOY has higher volatility (11.62%) compared to FTEC (6.43%). In terms of maximum drawdown, FTEC dropped -34.95% vs USOY's -17.46%.
On 1-year performance, FTEC leads with 60.87% vs 57.29% for USOY. On fees, FTEC is cheaper at 0.08% per year. On volatility, FTEC has been the lower-risk option at 6.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FTEC has performed better with a 60.87% return vs 57.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTEC is cheaper with a 0.08% expense ratio, compared with 1.22% for USOY.
USOY has the higher dividend yield at 54.16%, compared with 0.32% for FTEC.
FTEC is categorized as Technology Equities, while USOY is Derivative Income. They also come from different issuers: Fidelity and Defiance. Their fees differ too: 0.08% for FTEC and 1.22% for USOY.
FTEC currently has the higher Sharpe Ratio (2.97 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.
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