SGDM vs. USOY
SGDM (Sprott Gold Miners ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - SGDM is a Materials fund tracking the Solactive Gold Miners Custom Factors Index, while USOY is a Derivative Income fund actively managed by Defiance. SGDM is passively managed, while USOY is actively managed. Over the past year, SGDM returned 56.96% vs 57.29% for USOY. At a correlation of -0.02, they often move in opposite directions. SGDM charges 0.50%/yr vs 1.22%/yr for USOY.
Performance
SGDM vs. USOY - Performance Comparison
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Returns By Period
In the year-to-date period, SGDM achieves a 1.41% return, which is significantly lower than USOY's 62.18% return.
SGDM
- 1D
- -2.86%
- 1M
- 0.94%
- YTD
- 1.41%
- 6M
- 8.11%
- 1Y
- 56.96%
- 3Y*
- 38.97%
- 5Y*
- 18.63%
- 10Y*
- 12.63%
USOY
- 1D
- 1.45%
- 1M
- -3.43%
- YTD
- 62.18%
- 6M
- 59.35%
- 1Y
- 57.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGDM vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SGDM Sprott Gold Miners ETF | 1.41% | 153.46% | 1.01% |
USOY Defiance Oil Enhanced Options Income ETF | 62.18% | -7.93% | 7.27% |
Correlation
The correlation between SGDM and USOY is -0.19, 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 | -0.19 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | -0.02 |
The correlation between SGDM and USOY shifts across timeframes, from -0.19 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SGDM vs. USOY — Risk / Return Rank
SGDM
USOY
SGDM vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Gold Miners ETF (SGDM) 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.
| SGDM | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 4.03 | -2.12 |
| Martin ratioReturn relative to average drawdown | 4.83 | 7.74 | -2.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SGDM | USOY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.89 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.99 | -0.73 |
Drawdowns
SGDM vs. USOY - Drawdown Comparison
The maximum SGDM drawdown since its inception was -54.95%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for SGDM and USOY.
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Drawdown Indicators
| SGDM | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.95% | -17.46% | -37.49% |
Max Drawdown (1Y)Largest decline over 1 year | -30.04% | -14.29% | -15.75% |
Max Drawdown (3Y)Largest decline over 3 years | -30.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -45.06% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.69% | — | — |
Current DrawdownCurrent decline from peak | -25.93% | -5.11% | -20.82% |
Average DrawdownAverage peak-to-trough decline | -25.46% | -6.47% | -18.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.83% | 7.42% | +4.41% |
Volatility
SGDM vs. USOY - Volatility Comparison
Sprott Gold Miners ETF (SGDM) has a higher volatility of 14.45% compared to Defiance Oil Enhanced Options Income ETF (USOY) at 11.62%. This indicates that SGDM'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.
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Volatility by Period
| SGDM | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.45% | 11.62% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 36.91% | 27.18% | +9.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.84% | 30.44% | +14.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.78% | 26.13% | +9.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.81% | 26.13% | +10.68% |
SGDM vs. USOY - Expense Ratio Comparison
SGDM has a 0.50% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
SGDM vs. USOY - Dividend Comparison
SGDM's dividend yield for the trailing twelve months is around 1.03%, less than USOY's 54.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGDM Sprott Gold Miners ETF | 1.03% | 1.04% | 1.04% | 1.39% | 1.42% | 1.33% | 0.30% | 0.25% | 0.50% | 0.58% | 0.02% | 1.47% |
USOY Defiance Oil Enhanced Options Income ETF | 54.16% | 104.32% | 48.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGDM and USOY have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGDM has higher volatility (14.45%) compared to USOY (11.62%). In terms of maximum drawdown, SGDM dropped -54.95% vs USOY's -17.46%.
On 1-year performance, USOY leads with 57.29% vs 56.96% for SGDM. On fees, SGDM is cheaper at 0.50% per year. On volatility, USOY has been the lower-risk option at 11.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USOY has performed better with a 57.29% return vs 56.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGDM is cheaper with a 0.50% expense ratio, compared with 1.22% for USOY.
USOY has the higher dividend yield at 54.16%, compared with 1.03% for SGDM.
SGDM is categorized as Materials, while USOY is Derivative Income. They also come from different issuers: Sprott and Defiance. Their fees differ too: 0.50% for SGDM and 1.22% for USOY.
USOY currently has the higher Sharpe Ratio (1.89 vs 1.28), 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.
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