NFLW vs. USOY

Last updated Jun 24, 2026

NFLW (Roundhill NFLX WeeklyPay ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, NFLW returned -50.09% vs 26.28% for USOY. At a 0.05 correlation, their price movements are largely independent. NFLW charges 0.99%/yr vs 1.22%/yr for USOY.

Performance

NFLW vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill NFLX WeeklyPay ETF (NFLW) 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, NFLW achieves a -27.54% return, which is significantly lower than USOY's 34.69% return.

NFLW

• 1D: 0.08%
• 1M: -21.07%
• YTD: -27.54%
• 6M: -27.44%
• 1Y: -50.09%
• 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)

NFLW vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025
NFLW Roundhill NFLX WeeklyPay ETF	-27.54%	-29.54%
USOY Defiance Oil Enhanced Options Income ETF	34.69%	-8.42%

Correlation

The correlation between NFLW and USOY is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.05

Return for Risk

NFLW vs. USOY — Risk / Return Rank

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

NFLW

NFLW Risk / Return Rank: 1
NFLW Sharpe Ratio Rank: 0
NFLW Sortino Ratio Rank: 1
NFLW Omega Ratio Rank: 0
NFLW Calmar Ratio Rank: 1
NFLW Martin Ratio Rank: 1

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.

NFLW vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill NFLX WeeklyPay ETF (NFLW) 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.

	NFLW	USOY	Difference
Sharpe ratio: Return per unit of total volatility	-1.24	0.85	-2.09
Sortino ratio: Return per unit of downside risk	-1.99	1.24	-3.23
Omega ratio: Gain probability vs. loss probability	0.75	1.18	-0.42
Calmar ratio: Return relative to maximum drawdown	-0.93	1.25	-2.18
Martin ratio: Return relative to average drawdown	-1.59	4.10	-5.69

NFLW vs. USOY - Sharpe Ratio Comparison

The current NFLW Sharpe Ratio is -1.24, which is lower than the USOY Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of NFLW 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

NFLW vs. USOY - Drawdown Comparison

The maximum NFLW drawdown since its inception was -53.89%, which is greater than USOY's maximum drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for NFLW and USOY.

Drawdown Indicators

	NFLW	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-53.89%	-21.19%	-32.70%
Max Drawdown (1Y) Largest decline over 1 year	-53.89%	-21.19%	-32.70%
Current Drawdown Current decline from peak	-53.85%	-21.19%	-32.66%
Average Drawdown Average peak-to-trough decline	-27.86%	-6.63%	-21.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.61%	6.44%	+25.17%

Volatility

NFLW vs. USOY - Volatility Comparison

The current volatility for Roundhill NFLX WeeklyPay ETF (NFLW) is 9.81%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 10.34%. This indicates that NFLW 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

	NFLW	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.81%	10.34%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	30.49%	28.44%	+2.05%
Volatility (1Y) Calculated over the trailing 1-year period	40.43%	31.56%	+8.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.29%	26.51%	+13.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.29%	26.51%	+13.78%

NFLW vs. USOY - Expense Ratio Comparison

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

Dividends

NFLW vs. USOY - Dividend Comparison

NFLW's dividend yield for the trailing twelve months is around 87.68%, more than USOY's 68.29% yield.

Position	TTM	2025	2024
NFLW Roundhill NFLX WeeklyPay ETF	87.68%	38.89%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	68.29%	104.32%	48.60%

Frequently Asked Questions

Can I hold both NFLW and USOY in my portfolio?

NFLW and USOY have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NFLW or USOY?

USOY has higher volatility (10.34%) compared to NFLW (9.81%). In terms of maximum drawdown, NFLW dropped -53.89% vs USOY's -21.19%.

Which ETF is better, NFLW or USOY?

On 1-year performance, USOY leads with 26.28% vs -50.09% for NFLW. On fees, NFLW is cheaper at 0.99% per year. On volatility, NFLW has been the lower-risk option at 9.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NFLW or USOY?

Over the 1-year period, USOY has performed better with a 26.28% return vs -50.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NFLW or USOY?

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

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

NFLW has the higher dividend yield at 87.68%, compared with 68.29% for USOY.

What is the main difference between NFLW and USOY?

They also come from different issuers: Roundhill and Defiance. Their fees differ too: 0.99% for NFLW and 1.22% for USOY.

Which has better risk-adjusted returns?

USOY currently has the higher Sharpe Ratio (0.85 vs -1.24), 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.