KCOP vs. USOY

Last updated Jun 24, 2026

KCOP (Kurv Copper & Mining Enhanced Income ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - KCOP is a Copper fund actively managed by Kurv, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. At a correlation of -0.42, they often move in opposite directions. KCOP charges 0.99%/yr vs 1.22%/yr for USOY.

Performance

KCOP vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Copper & Mining Enhanced Income ETF (KCOP) and Defiance Oil Enhanced Options Income ETF (USOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KCOP

• 1D: -5.58%
• 1M: -4.75%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: -1.29%
• 1M: -17.01%
• YTD: 34.69%
• 6M: 34.18%
• 1Y: 26.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KCOP vs. USOY - Yearly Performance Comparison

	2026 (YTD)
KCOP Kurv Copper & Mining Enhanced Income ETF	-4.46%
USOY Defiance Oil Enhanced Options Income ETF	21.79%

Correlation

The correlation between KCOP and USOY is -0.42, 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 Feb 13, 2026	-0.42

Return for Risk

KCOP vs. USOY — Risk / Return Rank

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

KCOP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

USOY

USOY Risk / Return Rank: 26
USOY Sharpe Ratio Rank: 25
USOY Sortino Ratio Rank: 23
USOY Omega Ratio Rank: 26
USOY Calmar Ratio Rank: 27
USOY Martin Ratio Rank: 30

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.

KCOP vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Copper & Mining Enhanced Income ETF (KCOP) 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.

	KCOP	USOY	Difference
Sharpe ratio: Return per unit of total volatility	—	0.85	—
Sortino ratio: Return per unit of downside risk	—	1.24	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.25	—
Martin ratio: Return relative to average drawdown	—	4.10	—

Drawdowns

KCOP vs. USOY - Drawdown Comparison

The maximum KCOP drawdown since its inception was -21.55%, roughly equal to the maximum USOY drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for KCOP and USOY.

Drawdown Indicators

	KCOP	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-21.55%	-21.19%	-0.36%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.19%	—
Current Drawdown Current decline from peak	-12.61%	-21.19%	+8.58%
Average Drawdown Average peak-to-trough decline	-8.42%	-6.63%	-1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.44%	—

Volatility

Volatility by Period

	KCOP	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	44.23%	31.56%	+12.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.23%	26.51%	+17.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.23%	26.51%	+17.72%

KCOP vs. USOY - Expense Ratio Comparison

KCOP has a 0.99% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

KCOP vs. USOY - Dividend Comparison

KCOP's dividend yield for the trailing twelve months is around 5.29%, less than USOY's 68.29% yield.

Position	TTM	2025	2024
KCOP Kurv Copper & Mining Enhanced Income ETF	5.29%	0.00%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	68.29%	104.32%	48.60%

Frequently Asked Questions

Can I hold both KCOP and USOY in my portfolio?

KCOP and USOY have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KCOP or USOY?

On fees, KCOP is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KCOP or USOY?

KCOP is cheaper with a 0.99% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 68.29%, compared with 5.29% for KCOP.

What is the main difference between KCOP and USOY?

KCOP is categorized as Copper, while USOY is Derivative Income. They also come from different issuers: Kurv and Defiance. Their fees differ too: 0.99% for KCOP and 1.22% for USOY.