HYUP vs. USOY
HYUP (Xtrackers High Beta High Yield Bond ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - HYUP is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market High Beta Index, while USOY is a Derivative Income fund actively managed by Defiance. HYUP is passively managed, while USOY is actively managed. Over the past year, HYUP returned 7.43% vs 57.29% for USOY. At a correlation of -0.12, they often move in opposite directions. HYUP charges 0.20%/yr vs 1.22%/yr for USOY.
Performance
HYUP vs. USOY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYUP achieves a 1.63% return, which is significantly lower than USOY's 62.18% return.
HYUP
- 1D
- -0.33%
- 1M
- 0.54%
- YTD
- 1.63%
- 6M
- 2.12%
- 1Y
- 7.43%
- 3Y*
- 10.16%
- 5Y*
- 4.39%
- 10Y*
- —
USOY
- 1D
- 1.45%
- 1M
- -3.43%
- YTD
- 62.18%
- 6M
- 59.35%
- 1Y
- 57.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYUP vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HYUP Xtrackers High Beta High Yield Bond ETF | 1.63% | 8.83% | 8.63% |
USOY Defiance Oil Enhanced Options Income ETF | 62.18% | -7.93% | 7.27% |
Correlation
The correlation between HYUP and USOY is -0.35, 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 | -0.35 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | -0.12 |
Over the past year, the inverse relationship between HYUP and USOY has strengthened: their correlation has moved from -0.12 to -0.35, meaning they now move in opposite directions more often than their long-term average.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYUP vs. USOY — Risk / Return Rank
HYUP
USOY
HYUP vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers High Beta High Yield Bond ETF (HYUP) 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.
| HYUP | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 4.03 | -1.58 |
| Martin ratioReturn relative to average drawdown | 10.46 | 7.74 | +2.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HYUP | USOY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 1.89 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.99 | -0.47 |
Drawdowns
HYUP vs. USOY - Drawdown Comparison
The maximum HYUP drawdown since its inception was -24.79%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for HYUP and USOY.
Loading charts...
Drawdown Indicators
| HYUP | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.79% | -17.46% | -7.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -14.29% | +11.24% |
Max Drawdown (3Y)Largest decline over 3 years | -6.03% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | — | — |
Current DrawdownCurrent decline from peak | -0.36% | -5.11% | +4.75% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -6.47% | +3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 7.42% | -6.71% |
Volatility
HYUP vs. USOY - Volatility Comparison
The current volatility for Xtrackers High Beta High Yield Bond ETF (HYUP) is 1.35%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.62%. This indicates that HYUP 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.
Loading charts...
Volatility by Period
| HYUP | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 11.62% | -10.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | 27.18% | -23.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.24% | 30.44% | -26.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.27% | 26.13% | -17.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.75% | 26.13% | -16.38% |
HYUP vs. USOY - Expense Ratio Comparison
HYUP has a 0.20% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
HYUP vs. USOY - Dividend Comparison
HYUP's dividend yield for the trailing twelve months is around 7.33%, less than USOY's 54.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HYUP Xtrackers High Beta High Yield Bond ETF | 7.33% | 7.44% | 7.78% | 7.48% | 7.15% | 6.19% | 6.89% | 6.77% | 6.98% |
USOY Defiance Oil Enhanced Options Income ETF | 54.16% | 104.32% | 48.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYUP and USOY have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USOY has higher volatility (11.62%) compared to HYUP (1.35%). In terms of maximum drawdown, HYUP dropped -24.79% vs USOY's -17.46%.
On 1-year performance, USOY leads with 57.29% vs 7.43% for HYUP. On fees, HYUP is cheaper at 0.20% per year. On volatility, HYUP has been the lower-risk option at 1.35%. 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 57.29% return vs 7.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYUP is cheaper with a 0.20% expense ratio, compared with 1.22% for USOY.
USOY has the higher dividend yield at 54.16%, compared with 7.33% for HYUP.
HYUP is categorized as High Yield Bonds, while USOY is Derivative Income. They also come from different issuers: Deutsche Bank and Defiance. Their fees differ too: 0.20% for HYUP and 1.22% for USOY.
USOY currently has the higher Sharpe Ratio (1.89 vs 1.76), 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.
Find the right allocation for HYUP and USOY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer