SEIM vs. USOY

Last updated Jun 4, 2026

SEIM (SEI Enhanced US Large Cap Momentum Factor ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - SEIM is a Momentum fund actively managed by SEI, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. Over the past year, SEIM returned 36.91% vs 57.29% for USOY. At a correlation of -0.08, they often move in opposite directions. SEIM charges 0.15%/yr vs 1.22%/yr for USOY.

Performance

SEIM vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) 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, SEIM achieves a 18.91% return, which is significantly lower than USOY's 62.18% return.

SEIM

• 1D: -0.33%
• 1M: 7.63%
• YTD: 18.91%
• 6M: 20.91%
• 1Y: 36.91%
• 3Y*: 29.67%
• 5Y*: —
• 10Y*: —

USOY

• 1D: 1.45%
• 1M: -3.43%
• YTD: 62.18%
• 6M: 59.35%
• 1Y: 57.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SEIM vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	18.91%	20.20%	23.16%
USOY Defiance Oil Enhanced Options Income ETF	62.18%	-7.93%	7.27%

Correlation

The correlation between SEIM and USOY is -0.29, 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	-0.29
Correlation (All Time) Calculated using the full available price history since May 13, 2024	-0.08

Over the past year, the inverse relationship between SEIM and USOY has strengthened: their correlation has moved from -0.08 to -0.29, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

SEIM vs. USOY — Risk / Return Rank

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

SEIM

SEIM Risk / Return Rank: 70
SEIM Sharpe Ratio Rank: 68
SEIM Sortino Ratio Rank: 66
SEIM Omega Ratio Rank: 65
SEIM Calmar Ratio Rank: 73
SEIM Martin Ratio Rank: 81

USOY

USOY Risk / Return Rank: 56
USOY Sharpe Ratio Rank: 55
USOY Sortino Ratio Rank: 46
USOY Omega Ratio Rank: 55
USOY Calmar Ratio Rank: 78
USOY Martin Ratio Rank: 46

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.

SEIM vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) 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.

	SEIM	USOY	Difference
Sharpe ratio: Return per unit of total volatility	2.28	1.89	+0.39
Sortino ratio: Return per unit of downside risk	3.08	2.30	+0.79
Omega ratio: Gain probability vs. loss probability	1.40	1.35	+0.05
Calmar ratio: Return relative to maximum drawdown	3.68	4.03	-0.34
Martin ratio: Return relative to average drawdown	16.18	7.74	+8.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SEIM vs. USOY - Sharpe Ratio Comparison

The current SEIM Sharpe Ratio is 2.28, which is comparable to the USOY Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of SEIM 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.

Sharpe Ratios by Period

	SEIM	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	1.89	+0.39
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	0.99	+0.20

Drawdowns

SEIM vs. USOY - Drawdown Comparison

The maximum SEIM drawdown since its inception was -22.17%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for SEIM and USOY.

Drawdown Indicators

	SEIM	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-22.17%	-17.46%	-4.71%
Max Drawdown (1Y) Largest decline over 1 year	-10.07%	-14.29%	+4.22%
Max Drawdown (3Y) Largest decline over 3 years	-22.17%	—	—
Current Drawdown Current decline from peak	-0.33%	-5.11%	+4.78%
Average Drawdown Average peak-to-trough decline	-3.98%	-6.47%	+2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	7.42%	-5.13%

Volatility

SEIM vs. USOY - Volatility Comparison

The current volatility for SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) is 4.68%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.62%. This indicates that SEIM 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

	SEIM	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.68%	11.62%	-6.94%
Volatility (6M) Calculated over the trailing 6-month period	13.33%	27.18%	-13.85%
Volatility (1Y) Calculated over the trailing 1-year period	16.28%	30.44%	-14.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.86%	26.13%	-7.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.86%	26.13%	-7.27%

SEIM vs. USOY - Expense Ratio Comparison

SEIM has a 0.15% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

SEIM vs. USOY - Dividend Comparison

SEIM's dividend yield for the trailing twelve months is around 0.52%, less than USOY's 54.16% yield.

Position	TTM	2025	2024	2023	2022
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	0.52%	0.56%	0.48%	0.89%	1.01%
USOY Defiance Oil Enhanced Options Income ETF	54.16%	104.32%	48.60%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SEIM and USOY in my portfolio?

SEIM and USOY have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEIM or USOY?

USOY has higher volatility (11.62%) compared to SEIM (4.68%). In terms of maximum drawdown, SEIM dropped -22.17% vs USOY's -17.46%.

Which ETF is better, SEIM or USOY?

On 1-year performance, USOY leads with 57.29% vs 36.91% for SEIM. On fees, SEIM is cheaper at 0.15% per year. On volatility, SEIM has been the lower-risk option at 4.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SEIM or USOY?

Over the 1-year period, USOY has performed better with a 57.29% return vs 36.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SEIM or USOY?

SEIM is cheaper with a 0.15% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 54.16%, compared with 0.52% for SEIM.

What is the main difference between SEIM and USOY?

SEIM is categorized as Momentum, while USOY is Derivative Income. They also come from different issuers: SEI and Defiance. Their fees differ too: 0.15% for SEIM and 1.22% for USOY.

Which has better risk-adjusted returns?

SEIM currently has the higher Sharpe Ratio (2.28 vs 1.89), 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.