SOXQ vs. USOY

Last updated Jun 4, 2026

SOXQ (Invesco PHLX Semiconductor ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index, while USOY is a Derivative Income fund actively managed by Defiance. SOXQ is passively managed, while USOY is actively managed. Over the past year, SOXQ returned 181.76% vs 57.29% for USOY. At a correlation of -0.03, they often move in opposite directions. SOXQ charges 0.19%/yr vs 1.22%/yr for USOY.

Performance

SOXQ vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco PHLX Semiconductor ETF (SOXQ) 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, SOXQ achieves a 96.72% return, which is significantly higher than USOY's 62.18% return.

SOXQ

• 1D: 1.42%
• 1M: 32.12%
• YTD: 96.72%
• 6M: 91.61%
• 1Y: 181.76%
• 3Y*: 59.40%
• 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)

SOXQ vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOXQ Invesco PHLX Semiconductor ETF	96.72%	43.11%	4.13%
USOY Defiance Oil Enhanced Options Income ETF	62.18%	-7.93%	7.27%

Correlation

The correlation between SOXQ and USOY is -0.18, 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	-0.18
Correlation (All Time) Calculated using the full available price history since May 13, 2024	-0.03

The correlation between SOXQ and USOY shifts across timeframes, from -0.18 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SOXQ vs. USOY — Risk / Return Rank

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

SOXQ

SOXQ Risk / Return Rank: 96
SOXQ Sharpe Ratio Rank: 98
SOXQ Sortino Ratio Rank: 95
SOXQ Omega Ratio Rank: 95
SOXQ Calmar Ratio Rank: 97
SOXQ Martin Ratio Rank: 97

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.

SOXQ vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco PHLX Semiconductor ETF (SOXQ) 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.

	SOXQ	USOY	Difference
Sharpe ratio: Return per unit of total volatility	5.43	1.89	+3.54
Sortino ratio: Return per unit of downside risk	5.22	2.30	+2.92
Omega ratio: Gain probability vs. loss probability	1.72	1.35	+0.38
Calmar ratio: Return relative to maximum drawdown	11.73	4.03	+7.71
Martin ratio: Return relative to average drawdown	45.01	7.74	+37.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOXQ vs. USOY - Sharpe Ratio Comparison

The current SOXQ Sharpe Ratio is 5.43, which is higher than the USOY Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of SOXQ 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

	SOXQ	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.43	1.89	+3.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.99	-0.01

Drawdowns

SOXQ vs. USOY - Drawdown Comparison

The maximum SOXQ drawdown since its inception was -46.01%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for SOXQ and USOY.

Drawdown Indicators

	SOXQ	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-46.01%	-17.46%	-28.55%
Max Drawdown (1Y) Largest decline over 1 year	-15.59%	-14.29%	-1.30%
Max Drawdown (3Y) Largest decline over 3 years	-39.36%	—	—
Current Drawdown Current decline from peak	0.00%	-5.11%	+5.11%
Average Drawdown Average peak-to-trough decline	-12.96%	-6.47%	-6.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	7.42%	-3.36%

Volatility

SOXQ vs. USOY - Volatility Comparison

Invesco PHLX Semiconductor ETF (SOXQ) has a higher volatility of 13.44% compared to Defiance Oil Enhanced Options Income ETF (USOY) at 11.62%. This indicates that SOXQ'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

	SOXQ	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.44%	11.62%	+1.82%
Volatility (6M) Calculated over the trailing 6-month period	26.70%	27.18%	-0.48%
Volatility (1Y) Calculated over the trailing 1-year period	33.78%	30.44%	+3.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.38%	26.13%	+10.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.38%	26.13%	+10.25%

SOXQ vs. USOY - Expense Ratio Comparison

SOXQ has a 0.19% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

SOXQ vs. USOY - Dividend Comparison

SOXQ's dividend yield for the trailing twelve months is around 0.26%, less than USOY's 54.16% yield.

Position	TTM	2025	2024	2023	2022	2021
SOXQ Invesco PHLX Semiconductor ETF	0.26%	0.50%	0.68%	0.87%	1.36%	0.72%
USOY Defiance Oil Enhanced Options Income ETF	54.16%	104.32%	48.60%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOXQ and USOY in my portfolio?

SOXQ and USOY have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOXQ or USOY?

SOXQ has higher volatility (13.44%) compared to USOY (11.62%). In terms of maximum drawdown, SOXQ dropped -46.01% vs USOY's -17.46%.

Which ETF is better, SOXQ or USOY?

On 1-year performance, SOXQ leads with 181.76% vs 57.29% for USOY. On fees, SOXQ is cheaper at 0.19% 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.

Which ETF has performed better, SOXQ or USOY?

Over the 1-year period, SOXQ has performed better with a 181.76% return vs 57.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOXQ or USOY?

SOXQ is cheaper with a 0.19% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 54.16%, compared with 0.26% for SOXQ.

What is the main difference between SOXQ and USOY?

SOXQ is categorized as Semiconductors, while USOY is Derivative Income. They also come from different issuers: Invesco and Defiance. Their fees differ too: 0.19% for SOXQ and 1.22% for USOY.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (5.43 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.