HYTI vs. USOY

Last updated Jun 7, 2026

HYTI (FT Vest High Yield & Target Income ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, HYTI returned 6.41% vs 50.96% for USOY. At a correlation of -0.11, they often move in opposite directions. HYTI charges 0.65%/yr vs 1.22%/yr for USOY.

Performance

HYTI vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest High Yield & Target Income ETF (HYTI) 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, HYTI achieves a 1.24% return, which is significantly lower than USOY's 56.61% return.

HYTI

• 1D: -0.65%
• 1M: -0.42%
• YTD: 1.24%
• 6M: 1.77%
• 1Y: 6.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: -1.67%
• 1M: 0.26%
• YTD: 56.61%
• 6M: 52.27%
• 1Y: 50.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HYTI vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025
HYTI FT Vest High Yield & Target Income ETF	1.24%	7.01%
USOY Defiance Oil Enhanced Options Income ETF	56.61%	-10.22%

Correlation

The correlation between HYTI and USOY is -0.26, 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	-0.26
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	-0.11

The correlation between HYTI and USOY shifts across timeframes, from -0.26 (1 year) to -0.11 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HYTI vs. USOY — Risk / Return Rank

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

HYTI

HYTI Risk / Return Rank: 57
HYTI Sharpe Ratio Rank: 52
HYTI Sortino Ratio Rank: 55
HYTI Omega Ratio Rank: 55
HYTI Calmar Ratio Rank: 57
HYTI Martin Ratio Rank: 66

USOY

USOY Risk / Return Rank: 53
USOY Sharpe Ratio Rank: 51
USOY Sortino Ratio Rank: 44
USOY Omega Ratio Rank: 53
USOY Calmar Ratio Rank: 75
USOY Martin Ratio Rank: 44

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.

HYTI vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest High Yield & Target Income ETF (HYTI) 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.

	HYTI	USOY	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.71	-0.06
Sortino ratio: Return per unit of downside risk	2.46	2.13	+0.33
Omega ratio: Gain probability vs. loss probability	1.31	1.32	0.00
Calmar ratio: Return relative to maximum drawdown	2.68	3.65	-0.97
Martin ratio: Return relative to average drawdown	11.33	6.98	+4.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYTI vs. USOY - Sharpe Ratio Comparison

The current HYTI Sharpe Ratio is 1.65, which is comparable to the USOY Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of HYTI 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

	HYTI	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.65	1.71	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.91	+0.31

Drawdowns

HYTI vs. USOY - Drawdown Comparison

The maximum HYTI drawdown since its inception was -4.47%, smaller than the maximum USOY drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for HYTI and USOY.

Drawdown Indicators

	HYTI	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-4.47%	-17.46%	+12.99%
Max Drawdown (1Y) Largest decline over 1 year	-2.38%	-14.29%	+11.91%
Current Drawdown Current decline from peak	-0.65%	-8.37%	+7.72%
Average Drawdown Average peak-to-trough decline	-0.46%	-6.47%	+6.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	7.45%	-6.89%

Volatility

HYTI vs. USOY - Volatility Comparison

The current volatility for FT Vest High Yield & Target Income ETF (HYTI) is 1.27%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 9.70%. This indicates that HYTI 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

	HYTI	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.27%	9.70%	-8.43%
Volatility (6M) Calculated over the trailing 6-month period	3.09%	27.33%	-24.24%
Volatility (1Y) Calculated over the trailing 1-year period	3.87%	30.56%	-26.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.23%	26.14%	-20.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.23%	26.14%	-20.91%

HYTI vs. USOY - Expense Ratio Comparison

HYTI has a 0.65% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

HYTI vs. USOY - Dividend Comparison

HYTI's dividend yield for the trailing twelve months is around 10.46%, less than USOY's 57.61% yield.

Position	TTM	2025	2024
HYTI FT Vest High Yield & Target Income ETF	10.46%	8.10%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	57.61%	104.32%	48.60%

Frequently Asked Questions

Can I hold both HYTI and USOY in my portfolio?

HYTI and USOY have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYTI or USOY?

USOY has higher volatility (9.70%) compared to HYTI (1.27%). In terms of maximum drawdown, HYTI dropped -4.47% vs USOY's -17.46%.

Which ETF is better, HYTI or USOY?

On 1-year performance, USOY leads with 50.96% vs 6.41% for HYTI. On fees, HYTI is cheaper at 0.65% per year. On volatility, HYTI has been the lower-risk option at 1.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYTI or USOY?

Over the 1-year period, USOY has performed better with a 50.96% return vs 6.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYTI or USOY?

HYTI is cheaper with a 0.65% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 57.61%, compared with 10.46% for HYTI.

What is the main difference between HYTI and USOY?

They also come from different issuers: FT Vest and Defiance. Their fees differ too: 0.65% for HYTI and 1.22% for USOY.

Which has better risk-adjusted returns?

USOY currently has the higher Sharpe Ratio (1.71 vs 1.65), 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.