JDVI vs. USOY

Last updated Jun 25, 2026

JDVI (John Hancock Disciplined Value International Select ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - JDVI is a Foreign Large Cap Equities fund actively managed by John Hancock, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. Over the past year, JDVI returned 24.07% vs 26.82% for USOY. At a correlation of -0.05, they often move in opposite directions. JDVI charges 0.69%/yr vs 1.22%/yr for USOY.

Performance

JDVI vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Disciplined Value International Select ETF (JDVI) 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, JDVI achieves a 8.30% return, which is significantly lower than USOY's 29.22% return.

JDVI

• 1D: -0.11%
• 1M: -2.01%
• YTD: 8.30%
• 6M: 8.27%
• 1Y: 24.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: -4.06%
• 1M: -20.39%
• YTD: 29.22%
• 6M: 28.28%
• 1Y: 26.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JDVI vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JDVI John Hancock Disciplined Value International Select ETF	8.30%	42.97%	-5.78%
USOY Defiance Oil Enhanced Options Income ETF	29.22%	-7.93%	6.13%

Correlation

The correlation between JDVI and USOY is -0.23, 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	-0.23
Correlation (All Time) Calculated using the full available price history since May 10, 2024	-0.05

The correlation between JDVI and USOY shifts across timeframes, from -0.23 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JDVI vs. USOY — Risk / Return Rank

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

JDVI

JDVI Risk / Return Rank: 46
JDVI Sharpe Ratio Rank: 46
JDVI Sortino Ratio Rank: 44
JDVI Omega Ratio Rank: 45
JDVI Calmar Ratio Rank: 44
JDVI Martin Ratio Rank: 49

USOY

USOY Risk / Return Rank: 27
USOY Sharpe Ratio Rank: 26
USOY Sortino Ratio Rank: 25
USOY Omega Ratio Rank: 27
USOY Calmar Ratio Rank: 25
USOY Martin Ratio Rank: 31

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.

JDVI vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Disciplined Value International Select ETF (JDVI) 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.

	JDVI	USOY	Difference
Sharpe ratio: Return per unit of total volatility	1.42	0.87	+0.55
Sortino ratio: Return per unit of downside risk	1.98	1.26	+0.71
Omega ratio: Gain probability vs. loss probability	1.26	1.18	+0.08
Calmar ratio: Return relative to maximum drawdown	1.93	1.10	+0.83
Martin ratio: Return relative to average drawdown	7.17	4.07	+3.09

JDVI vs. USOY - Sharpe Ratio Comparison

The current JDVI Sharpe Ratio is 1.42, which is higher than the USOY Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of JDVI 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.

Drawdowns

JDVI vs. USOY - Drawdown Comparison

The maximum JDVI drawdown since its inception was -14.97%, smaller than the maximum USOY drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for JDVI and USOY.

Drawdown Indicators

	JDVI	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-14.97%	-24.40%	+9.43%
Max Drawdown (1Y) Largest decline over 1 year	-12.50%	-24.40%	+11.90%
Current Drawdown Current decline from peak	-4.30%	-24.40%	+20.10%
Average Drawdown Average peak-to-trough decline	-2.79%	-6.67%	+3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	6.60%	-3.23%

Volatility

JDVI vs. USOY - Volatility Comparison

The current volatility for John Hancock Disciplined Value International Select ETF (JDVI) is 6.05%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 10.82%. This indicates that JDVI 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

	JDVI	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.05%	10.82%	-4.77%
Volatility (6M) Calculated over the trailing 6-month period	14.82%	28.77%	-13.95%
Volatility (1Y) Calculated over the trailing 1-year period	17.10%	31.42%	-14.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.62%	26.64%	-10.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.62%	26.64%	-10.02%

JDVI vs. USOY - Expense Ratio Comparison

JDVI has a 0.69% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

JDVI vs. USOY - Dividend Comparison

JDVI's dividend yield for the trailing twelve months is around 2.24%, less than USOY's 71.18% yield.

Position	TTM	2025	2024
JDVI John Hancock Disciplined Value International Select ETF	2.24%	2.43%	1.87%
USOY Defiance Oil Enhanced Options Income ETF	71.18%	104.32%	48.60%

Frequently Asked Questions

Can I hold both JDVI and USOY in my portfolio?

JDVI and USOY have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JDVI or USOY?

USOY has higher volatility (10.82%) compared to JDVI (6.05%). In terms of maximum drawdown, JDVI dropped -14.97% vs USOY's -24.40%.

Which ETF is better, JDVI or USOY?

On 1-year performance, USOY leads with 26.82% vs 24.07% for JDVI. On fees, JDVI is cheaper at 0.69% per year. On volatility, JDVI has been the lower-risk option at 6.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JDVI or USOY?

Over the 1-year period, USOY has performed better with a 26.82% return vs 24.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JDVI or USOY?

JDVI is cheaper with a 0.69% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 71.18%, compared with 2.24% for JDVI.

What is the main difference between JDVI and USOY?

JDVI is categorized as Foreign Large Cap Equities, while USOY is Derivative Income. They also come from different issuers: John Hancock and Defiance. Their fees differ too: 0.69% for JDVI and 1.22% for USOY.

Which has better risk-adjusted returns?

JDVI currently has the higher Sharpe Ratio (1.42 vs 0.87), 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.