GTEK vs. USOY

Last updated Jun 5, 2026

GTEK (Goldman Sachs Future Tech Leaders Equity ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - GTEK is a Technology Equities fund actively managed by Goldman Sachs, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. Over the past year, GTEK returned 79.94% vs 54.64% for USOY. At a correlation of -0.02, they often move in opposite directions. GTEK charges 0.75%/yr vs 1.22%/yr for USOY.

Performance

GTEK vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Future Tech Leaders Equity ETF (GTEK) 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, GTEK achieves a 53.34% return, which is significantly lower than USOY's 59.27% return.

GTEK

• 1D: -0.07%
• 1M: 13.61%
• YTD: 53.34%
• 6M: 54.05%
• 1Y: 79.94%
• 3Y*: 34.69%
• 5Y*: —
• 10Y*: —

USOY

• 1D: -1.79%
• 1M: -3.80%
• YTD: 59.27%
• 6M: 55.41%
• 1Y: 54.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GTEK vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GTEK Goldman Sachs Future Tech Leaders Equity ETF	53.34%	23.68%	11.81%
USOY Defiance Oil Enhanced Options Income ETF	59.27%	-7.93%	7.27%

Correlation

The correlation between GTEK and USOY is -0.24, 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	-0.24
Correlation (All Time) Calculated using the full available price history since May 13, 2024	-0.02

Over the past year, the inverse relationship between GTEK and USOY has strengthened: their correlation has moved from -0.02 to -0.24, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

GTEK vs. USOY — Risk / Return Rank

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

GTEK

GTEK Risk / Return Rank: 89
GTEK Sharpe Ratio Rank: 91
GTEK Sortino Ratio Rank: 86
GTEK Omega Ratio Rank: 83
GTEK Calmar Ratio Rank: 94
GTEK Martin Ratio Rank: 92

USOY

USOY Risk / Return Rank: 55
USOY Sharpe Ratio Rank: 54
USOY Sortino Ratio Rank: 45
USOY Omega Ratio Rank: 55
USOY Calmar Ratio Rank: 77
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.

GTEK vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Future Tech Leaders Equity ETF (GTEK) 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.

	GTEK	USOY	Difference
Sharpe ratio: Return per unit of total volatility	3.10	1.80	+1.30
Sortino ratio: Return per unit of downside risk	3.80	2.21	+1.59
Omega ratio: Gain probability vs. loss probability	1.49	1.33	+0.16
Calmar ratio: Return relative to maximum drawdown	7.22	3.84	+3.38
Martin ratio: Return relative to average drawdown	23.44	7.37	+16.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GTEK vs. USOY - Sharpe Ratio Comparison

The current GTEK Sharpe Ratio is 3.10, which is higher than the USOY Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of GTEK 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

	GTEK	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.10	1.80	+1.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.95	-0.62

Drawdowns

GTEK vs. USOY - Drawdown Comparison

The maximum GTEK drawdown since its inception was -53.77%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for GTEK and USOY.

Drawdown Indicators

	GTEK	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-53.77%	-17.46%	-36.31%
Max Drawdown (1Y) Largest decline over 1 year	-11.13%	-14.29%	+3.16%
Max Drawdown (3Y) Largest decline over 3 years	-27.49%	—	—
Current Drawdown Current decline from peak	-0.49%	-6.81%	+6.32%
Average Drawdown Average peak-to-trough decline	-27.49%	-6.47%	-21.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	7.43%	-4.01%

Volatility

GTEK vs. USOY - Volatility Comparison

The current volatility for Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is 9.28%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.67%. This indicates that GTEK 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

	GTEK	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.28%	11.67%	-2.39%
Volatility (6M) Calculated over the trailing 6-month period	21.75%	27.26%	-5.51%
Volatility (1Y) Calculated over the trailing 1-year period	25.94%	30.50%	-4.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.28%	26.14%	+2.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.28%	26.14%	+2.14%

GTEK vs. USOY - Expense Ratio Comparison

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

Dividends

GTEK vs. USOY - Dividend Comparison

GTEK has not paid dividends to shareholders, while USOY's dividend yield for the trailing twelve months is around 56.65%.

Position	TTM	2025	2024	2023	2022
GTEK Goldman Sachs Future Tech Leaders Equity ETF	0.00%	0.00%	0.00%	0.26%	0.03%
USOY Defiance Oil Enhanced Options Income ETF	56.65%	104.32%	48.60%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GTEK and USOY in my portfolio?

GTEK and USOY have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GTEK or USOY?

USOY has higher volatility (11.67%) compared to GTEK (9.28%). In terms of maximum drawdown, GTEK dropped -53.77% vs USOY's -17.46%.

Which ETF is better, GTEK or USOY?

On 1-year performance, GTEK leads with 79.94% vs 54.64% for USOY. On fees, GTEK is cheaper at 0.75% per year. On volatility, GTEK has been the lower-risk option at 9.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GTEK or USOY?

Over the 1-year period, GTEK has performed better with a 79.94% return vs 54.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GTEK or USOY?

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

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

USOY has the higher dividend yield at 56.65%, compared with 0.00% for GTEK.

What is the main difference between GTEK and USOY?

GTEK is categorized as Technology Equities, while USOY is Derivative Income. They also come from different issuers: Goldman Sachs and Defiance. Their fees differ too: 0.75% for GTEK and 1.22% for USOY.

Which has better risk-adjusted returns?

GTEK currently has the higher Sharpe Ratio (3.10 vs 1.80), 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.