FTHF vs. USOY

Last updated Jun 4, 2026

FTHF (First Trust Emerging Markets Human Flourishing ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - FTHF is a Emerging Markets Diversified fund tracking the Emerging Markets Human Flourishing Index, while USOY is a Derivative Income fund actively managed by Defiance. FTHF is passively managed, while USOY is actively managed. Over the past year, FTHF returned 109.33% vs 57.29% for USOY. At a correlation of -0.05, they often move in opposite directions. FTHF charges 0.75%/yr vs 1.22%/yr for USOY.

Performance

FTHF vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Emerging Markets Human Flourishing ETF (FTHF) 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, FTHF achieves a 51.24% return, which is significantly lower than USOY's 62.18% return.

FTHF

• 1D: -1.84%
• 1M: 15.16%
• YTD: 51.24%
• 6M: 61.52%
• 1Y: 109.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: 1.45%
• 1M: -3.43%
• YTD: 62.18%
• 6M: 59.35%
• 1Y: 57.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTHF vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FTHF First Trust Emerging Markets Human Flourishing ETF	51.24%	65.30%	-10.24%
USOY Defiance Oil Enhanced Options Income ETF	62.18%	-7.93%	7.27%

Correlation

The correlation between FTHF and USOY is -0.31, 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	-0.31
Correlation (All Time) Calculated using the full available price history since May 13, 2024	-0.05

Over the past year, the inverse relationship between FTHF and USOY has strengthened: their correlation has moved from -0.05 to -0.31, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

FTHF vs. USOY — Risk / Return Rank

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

FTHF

FTHF Risk / Return Rank: 90
FTHF Sharpe Ratio Rank: 92
FTHF Sortino Ratio Rank: 85
FTHF Omega Ratio Rank: 92
FTHF Calmar Ratio Rank: 93
FTHF Martin Ratio Rank: 87

USOY

USOY Risk / Return Rank: 56
USOY Sharpe Ratio Rank: 55
USOY Sortino Ratio Rank: 46
USOY Omega Ratio Rank: 55
USOY Calmar Ratio Rank: 78
USOY Martin Ratio Rank: 46

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.

FTHF vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Emerging Markets Human Flourishing ETF (FTHF) 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.

	FTHF	USOY	Difference
Sharpe ratio: Return per unit of total volatility	3.36	1.89	+1.46
Sortino ratio: Return per unit of downside risk	3.85	2.30	+1.56
Omega ratio: Gain probability vs. loss probability	1.62	1.35	+0.27
Calmar ratio: Return relative to maximum drawdown	6.74	4.03	+2.71
Martin ratio: Return relative to average drawdown	18.95	7.74	+11.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTHF vs. USOY - Sharpe Ratio Comparison

The current FTHF Sharpe Ratio is 3.36, which is higher than the USOY Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of FTHF 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.

Sharpe Ratios by Period

	FTHF	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.36	1.89	+1.46
Sharpe Ratio (All Time) Calculated using the full available price history	1.86	0.99	+0.87

Drawdowns

FTHF vs. USOY - Drawdown Comparison

The maximum FTHF drawdown since its inception was -17.36%, roughly equal to the maximum USOY drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for FTHF and USOY.

Drawdown Indicators

	FTHF	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-17.36%	-17.46%	+0.10%
Max Drawdown (1Y) Largest decline over 1 year	-16.31%	-14.29%	-2.02%
Current Drawdown Current decline from peak	-1.84%	-5.11%	+3.27%
Average Drawdown Average peak-to-trough decline	-4.22%	-6.47%	+2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.79%	7.42%	-1.63%

Volatility

FTHF vs. USOY - Volatility Comparison

First Trust Emerging Markets Human Flourishing ETF (FTHF) and Defiance Oil Enhanced Options Income ETF (USOY) have volatilities of 12.15% and 11.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTHF	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.15%	11.62%	+0.53%
Volatility (6M) Calculated over the trailing 6-month period	24.47%	27.18%	-2.71%
Volatility (1Y) Calculated over the trailing 1-year period	32.76%	30.44%	+2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.45%	26.13%	-0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.45%	26.13%	-0.68%

FTHF vs. USOY - Expense Ratio Comparison

FTHF has a 0.75% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

FTHF vs. USOY - Dividend Comparison

FTHF's dividend yield for the trailing twelve months is around 2.98%, less than USOY's 54.16% yield.

Position	TTM	2025	2024	2023
FTHF First Trust Emerging Markets Human Flourishing ETF	2.98%	4.40%	3.34%	0.51%
USOY Defiance Oil Enhanced Options Income ETF	54.16%	104.32%	48.60%	0.00%

Frequently Asked Questions

Can I hold both FTHF and USOY in my portfolio?

FTHF and USOY have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTHF or USOY?

FTHF has higher volatility (12.15%) compared to USOY (11.62%). In terms of maximum drawdown, FTHF dropped -17.36% vs USOY's -17.46%.

Which ETF is better, FTHF or USOY?

On 1-year performance, FTHF leads with 109.33% vs 57.29% for USOY. On fees, FTHF is cheaper at 0.75% per year. On volatility, USOY has been the lower-risk option at 11.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTHF or USOY?

Over the 1-year period, FTHF has performed better with a 109.33% return vs 57.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTHF or USOY?

FTHF is cheaper with a 0.75% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 54.16%, compared with 2.98% for FTHF.

What is the main difference between FTHF and USOY?

FTHF is categorized as Emerging Markets Diversified, while USOY is Derivative Income. They also come from different issuers: First Trust and Defiance. Their fees differ too: 0.75% for FTHF and 1.22% for USOY.

Which has better risk-adjusted returns?

FTHF currently has the higher Sharpe Ratio (3.36 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.