HIYY vs. USOY
HIYY (YieldMax HIMS Option Income Strategy ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.11, they often move in opposite directions. HIYY charges 0.99%/yr vs 1.22%/yr for USOY.
Performance
HIYY vs. USOY - Performance Comparison
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Returns By Period
In the year-to-date period, HIYY achieves a -13.14% return, which is significantly lower than USOY's 59.27% return.
HIYY
- 1D
- 0.70%
- 1M
- 4.42%
- YTD
- -13.14%
- 6M
- -25.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USOY
- 1D
- -1.79%
- 1M
- -3.80%
- YTD
- 59.27%
- 6M
- 55.41%
- 1Y
- 54.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HIYY vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIYY YieldMax HIMS Option Income Strategy ETF | -13.14% | -37.26% |
USOY Defiance Oil Enhanced Options Income ETF | 59.27% | -5.61% |
Correlation
The correlation between HIYY and USOY is -0.11, 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 (All Time) Calculated using the full available price history since Sep 24, 2025 | -0.11 |
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Return for Risk
HIYY vs. USOY — Risk / Return Rank
HIYY
USOY
HIYY vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax HIMS Option Income Strategy ETF (HIYY) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| HIYY | USOY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.68 | 0.95 | -1.63 |
Drawdowns
HIYY vs. USOY - Drawdown Comparison
The maximum HIYY drawdown since its inception was -73.95%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for HIYY and USOY.
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Drawdown Indicators
| HIYY | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.95% | -17.46% | -56.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.29% | — |
Current DrawdownCurrent decline from peak | -50.48% | -6.81% | -43.67% |
Average DrawdownAverage peak-to-trough decline | -43.96% | -6.47% | -37.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.43% | — |
Volatility
HIYY vs. USOY - Volatility Comparison
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Volatility by Period
| HIYY | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.67% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 27.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 85.41% | 30.50% | +54.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.41% | 26.14% | +59.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.41% | 26.14% | +59.27% |
HIYY vs. USOY - Expense Ratio Comparison
HIYY has a 0.99% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
HIYY vs. USOY - Dividend Comparison
HIYY's dividend yield for the trailing twelve months is around 90.21%, more than USOY's 56.65% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HIYY YieldMax HIMS Option Income Strategy ETF | 90.21% | 29.99% | 0.00% |
USOY Defiance Oil Enhanced Options Income ETF | 56.65% | 104.32% | 48.60% |
Frequently Asked Questions
HIYY and USOY have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HIYY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HIYY is cheaper with a 0.99% expense ratio, compared with 1.22% for USOY.
HIYY has the higher dividend yield at 90.21%, compared with 56.65% for USOY.
They also come from different issuers: YieldMax and Defiance. Their fees differ too: 0.99% for HIYY and 1.22% for USOY.
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