HDEF vs. USOY
HDEF (Xtrackers MSCI EAFE High Dividend Yield Equity ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - HDEF is a Foreign Large Cap Equities fund tracking the MSCI EAFE High Dividend Yield US Dollar Hedged Index, while USOY is a Derivative Income fund actively managed by Defiance. HDEF is passively managed, while USOY is actively managed. Over the past year, HDEF returned 15.97% vs 26.28% for USOY. At a correlation of -0.08, they often move in opposite directions. HDEF charges 0.20%/yr vs 1.22%/yr for USOY.
Performance
HDEF vs. USOY - Performance Comparison
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Returns By Period
In the year-to-date period, HDEF achieves a 4.97% return, which is significantly lower than USOY's 34.69% return.
HDEF
- 1D
- 0.28%
- 1M
- -2.23%
- YTD
- 4.97%
- 6M
- 4.60%
- 1Y
- 15.97%
- 3Y*
- 16.71%
- 5Y*
- 10.35%
- 10Y*
- 8.94%
USOY
- 1D
- -1.29%
- 1M
- -17.01%
- YTD
- 34.69%
- 6M
- 34.18%
- 1Y
- 26.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDEF vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 4.97% | 33.01% | -0.52% |
USOY Defiance Oil Enhanced Options Income ETF | 34.69% | -7.93% | 6.13% |
Correlation
The correlation between HDEF and USOY is -0.21, 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 | -0.21 |
Correlation (All Time) Calculated using the full available price history since May 10, 2024 | -0.08 |
The correlation between HDEF and USOY shifts across timeframes, from -0.21 (1 year) to -0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HDEF vs. USOY — Risk / Return Rank
HDEF
USOY
HDEF vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) 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.
| HDEF | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.18 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.25 | +0.75 |
| Martin ratioReturn relative to average drawdown | 5.75 | 4.10 | +1.65 |
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Drawdowns
HDEF vs. USOY - Drawdown Comparison
The maximum HDEF drawdown since its inception was -36.43%, which is greater than USOY's maximum drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for HDEF and USOY.
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Drawdown Indicators
| HDEF | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.43% | -21.19% | -15.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.03% | -21.19% | +13.16% |
Max Drawdown (3Y)Largest decline over 3 years | -11.15% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.43% | — | — |
Current DrawdownCurrent decline from peak | -4.80% | -21.19% | +16.39% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -6.63% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 6.44% | -3.66% |
Volatility
HDEF vs. USOY - Volatility Comparison
The current volatility for Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) is 3.05%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 10.34%. This indicates that HDEF 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
| HDEF | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 10.34% | -7.29% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 28.44% | -19.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 31.56% | -19.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.13% | 26.51% | -12.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 26.51% | -10.39% |
HDEF vs. USOY - Expense Ratio Comparison
HDEF has a 0.20% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
HDEF vs. USOY - Dividend Comparison
HDEF's dividend yield for the trailing twelve months is around 3.96%, less than USOY's 68.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 3.96% | 3.88% | 4.53% | 4.38% | 5.41% | 4.76% | 3.93% | 4.20% | 3.55% | 3.38% | 9.53% | 1.87% |
USOY Defiance Oil Enhanced Options Income ETF | 68.29% | 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
HDEF and USOY have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USOY has higher volatility (10.34%) compared to HDEF (3.05%). In terms of maximum drawdown, HDEF dropped -36.43% vs USOY's -21.19%.
On 1-year performance, USOY leads with 26.28% vs 15.97% for HDEF. On fees, HDEF is cheaper at 0.20% per year. On volatility, HDEF has been the lower-risk option at 3.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USOY has performed better with a 26.28% return vs 15.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDEF is cheaper with a 0.20% expense ratio, compared with 1.22% for USOY.
USOY has the higher dividend yield at 68.29%, compared with 3.96% for HDEF.
HDEF is categorized as Foreign Large Cap Equities, while USOY is Derivative Income. They also come from different issuers: Deutsche Bank and Defiance. Their fees differ too: 0.20% for HDEF and 1.22% for USOY.
HDEF currently has the higher Sharpe Ratio (1.37 vs 0.85), 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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