LFGY vs. USOY

Last updated Jun 26, 2026

LFGY (YieldMax Crypto Industry & Tech Portfolio Option Income ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, LFGY returned -1.80% vs 28.90% for USOY. At a 0.00 correlation, their price movements are largely independent. LFGY charges 1.02%/yr vs 1.22%/yr for USOY.

Performance

LFGY vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) 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, LFGY achieves a 10.26% return, which is significantly lower than USOY's 32.73% return.

LFGY

• 1D: -2.04%
• 1M: -7.41%
• YTD: 10.26%
• 6M: 6.48%
• 1Y: -1.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: 2.72%
• 1M: -16.67%
• YTD: 32.73%
• 6M: 31.77%
• 1Y: 28.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LFGY vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF	10.26%	-9.35%
USOY Defiance Oil Enhanced Options Income ETF	32.73%	-11.21%

Correlation

The correlation between LFGY and USOY is -0.12, 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	-0.12
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	0.00

The correlation between LFGY and USOY shifts across timeframes, from -0.12 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LFGY vs. USOY — Risk / Return Rank

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

LFGY

LFGY Risk / Return Rank: 9
LFGY Sharpe Ratio Rank: 9
LFGY Sortino Ratio Rank: 9
LFGY Omega Ratio Rank: 9
LFGY Calmar Ratio Rank: 9
LFGY Martin Ratio Rank: 9

USOY

USOY Risk / Return Rank: 29
USOY Sharpe Ratio Rank: 28
USOY Sortino Ratio Rank: 26
USOY Omega Ratio Rank: 30
USOY Calmar Ratio Rank: 27
USOY Martin Ratio Rank: 32

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.

LFGY vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) 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.

	LFGY	USOY	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	0.93	-0.98
Sortino ratio: Return per unit of downside risk	0.20	1.34	-1.14
Omega ratio: Gain probability vs. loss probability	1.02	1.19	-0.16
Calmar ratio: Return relative to maximum drawdown	-0.05	1.19	-1.24
Martin ratio: Return relative to average drawdown	-0.11	4.29	-4.40

LFGY vs. USOY - Sharpe Ratio Comparison

The current LFGY Sharpe Ratio is -0.05, which is lower than the USOY Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of LFGY 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

LFGY vs. USOY - Drawdown Comparison

The maximum LFGY drawdown since its inception was -35.94%, which is greater than USOY's maximum drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for LFGY and USOY.

Drawdown Indicators

	LFGY	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-35.94%	-24.40%	-11.54%
Max Drawdown (1Y) Largest decline over 1 year	-35.94%	-24.40%	-11.54%
Current Drawdown Current decline from peak	-15.78%	-22.34%	+6.56%
Average Drawdown Average peak-to-trough decline	-13.95%	-6.70%	-7.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.69%	6.75%	+9.94%

Volatility

LFGY vs. USOY - Volatility Comparison

YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) has a higher volatility of 13.75% compared to Defiance Oil Enhanced Options Income ETF (USOY) at 11.41%. This indicates that LFGY's price experiences larger fluctuations and is considered to be riskier than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LFGY	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.75%	11.41%	+2.34%
Volatility (6M) Calculated over the trailing 6-month period	31.52%	28.84%	+2.68%
Volatility (1Y) Calculated over the trailing 1-year period	38.63%	31.19%	+7.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.38%	26.68%	+15.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.38%	26.68%	+15.70%

LFGY vs. USOY - Expense Ratio Comparison

LFGY has a 1.02% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

LFGY vs. USOY - Dividend Comparison

LFGY's dividend yield for the trailing twelve months is around 87.63%, more than USOY's 70.91% yield.

Position	TTM	2025	2024
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF	87.63%	94.90%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	70.91%	104.32%	48.60%

Frequently Asked Questions

Can I hold both LFGY and USOY in my portfolio?

LFGY and USOY have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LFGY or USOY?

LFGY has higher volatility (13.75%) compared to USOY (11.41%). In terms of maximum drawdown, LFGY dropped -35.94% vs USOY's -24.40%.

Which ETF is better, LFGY or USOY?

On 1-year performance, USOY leads with 28.90% vs -1.80% for LFGY. On fees, LFGY is cheaper at 1.02% per year. On volatility, USOY has been the lower-risk option at 11.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LFGY or USOY?

Over the 1-year period, USOY has performed better with a 28.90% return vs -1.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LFGY or USOY?

LFGY is cheaper with a 1.02% expense ratio, compared with 1.22% for USOY.

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

LFGY has the higher dividend yield at 87.63%, compared with 70.91% for USOY.

What is the main difference between LFGY and USOY?

They also come from different issuers: YieldMax and Defiance. Their fees differ too: 1.02% for LFGY and 1.22% for USOY.

Which has better risk-adjusted returns?

USOY currently has the higher Sharpe Ratio (0.93 vs -0.05), 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.