GPTY vs. USOY

Last updated Jun 3, 2026

GPTY (YieldMax AI & Tech Portfolio Option Income ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, GPTY returned 62.19% vs 55.52% for USOY. At a correlation of -0.05, they often move in opposite directions. GPTY charges 0.99%/yr vs 1.22%/yr for USOY.

Performance

GPTY vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax AI & Tech Portfolio Option Income ETF (GPTY) 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, GPTY achieves a 38.32% return, which is significantly lower than USOY's 59.86% return.

GPTY

• 1D: 1.74%
• 1M: 20.22%
• YTD: 38.32%
• 6M: 36.02%
• 1Y: 62.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: 1.63%
• 1M: -1.93%
• YTD: 59.86%
• 6M: 58.33%
• 1Y: 55.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GPTY vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025
GPTY YieldMax AI & Tech Portfolio Option Income ETF	38.32%	17.15%
USOY Defiance Oil Enhanced Options Income ETF	59.86%	-10.54%

Correlation

The correlation between GPTY and USOY is -0.19, 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	-0.19
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025	-0.05

The correlation between GPTY and USOY shifts across timeframes, from -0.19 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GPTY vs. USOY — Risk / Return Rank

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

GPTY

GPTY Risk / Return Rank: 68
GPTY Sharpe Ratio Rank: 79
GPTY Sortino Ratio Rank: 71
GPTY Omega Ratio Rank: 72
GPTY Calmar Ratio Rank: 65
GPTY Martin Ratio Rank: 51

USOY

USOY Risk / Return Rank: 56
USOY Sharpe Ratio Rank: 53
USOY Sortino Ratio Rank: 45
USOY Omega Ratio Rank: 54
USOY Calmar Ratio Rank: 79
USOY Martin Ratio Rank: 47

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.

GPTY vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax AI & Tech Portfolio Option Income ETF (GPTY) 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.

	GPTY	USOY	Difference
Sharpe ratio Return per unit of total volatility	2.62	1.83	+0.78
Sortino ratio Return per unit of downside risk	3.27	2.25	+1.03
Omega ratio Gain probability vs. loss probability	1.44	1.34	+0.10
Calmar ratio Return relative to maximum drawdown	3.30	4.10	-0.80
Martin ratio Return relative to average drawdown	8.83	7.91	+0.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GPTY vs. USOY - Sharpe Ratio Comparison

The current GPTY Sharpe Ratio is 2.62, which is higher than the USOY Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of GPTY 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

	GPTY	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	1.83	+0.78
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	0.96	+0.53

Drawdowns

GPTY vs. USOY - Drawdown Comparison

The maximum GPTY drawdown since its inception was -26.62%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for GPTY and USOY.

Drawdown Indicators

	GPTY	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-26.62%	-17.46%	-9.16%
Max Drawdown (1Y) Largest decline over 1 year	-19.32%	-14.29%	-5.03%
Current Drawdown Current decline from peak	0.00%	-6.47%	+6.47%
Average Drawdown Average peak-to-trough decline	-6.54%	-6.47%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.23%	7.42%	-0.19%

Volatility

GPTY vs. USOY - Volatility Comparison

The current volatility for YieldMax AI & Tech Portfolio Option Income ETF (GPTY) is 7.16%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.94%. This indicates that GPTY 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

	GPTY	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.16%	11.94%	-4.78%
Volatility (6M) Calculated over the trailing 6-month period	18.12%	27.16%	-9.04%
Volatility (1Y) Calculated over the trailing 1-year period	23.91%	30.46%	-6.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.86%	26.14%	+2.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.86%	26.14%	+2.72%

GPTY vs. USOY - Expense Ratio Comparison

GPTY has a 0.99% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

GPTY vs. USOY - Dividend Comparison

GPTY's dividend yield for the trailing twelve months is around 31.09%, less than USOY's 54.95% yield.

Position	TTM	2025	2024
GPTY YieldMax AI & Tech Portfolio Option Income ETF	31.09%	34.23%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	54.95%	104.32%	48.60%

Frequently Asked Questions

Can I hold both GPTY and USOY in my portfolio?

GPTY and USOY have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GPTY or USOY?

USOY has higher volatility (11.94%) compared to GPTY (7.16%). In terms of maximum drawdown, GPTY dropped -26.62% vs USOY's -17.46%.

Which ETF is better, GPTY or USOY?

On 1-year performance, GPTY leads with 62.19% vs 55.52% for USOY. On fees, GPTY is cheaper at 0.99% per year. On volatility, GPTY has been the lower-risk option at 7.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GPTY or USOY?

Over the 1-year period, GPTY has performed better with a 62.19% return vs 55.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GPTY or USOY?

GPTY is cheaper with a 0.99% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 54.95%, compared with 31.09% for GPTY.

What is the main difference between GPTY and USOY?

They also come from different issuers: YieldMax and Defiance. Their fees differ too: 0.99% for GPTY and 1.22% for USOY.

Which has better risk-adjusted returns?

GPTY currently has the higher Sharpe Ratio (2.62 vs 1.83), 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.