TEMD vs. USOY

Last updated Jul 30, 2026

TEMD (Templeton Emerging Markets Debt ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - TEMD is a Actively Managed fund actively managed by Franklin Templeton Investments, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. Their -0.52 correlation means they have often moved in opposite directions in the past. TEMD charges 0.45%/yr vs 1.22%/yr for USOY.

Performance

TEMD vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Templeton Emerging Markets Debt ETF (TEMD) and Defiance Oil Enhanced Options Income ETF (USOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TEMD

• 1D: -0.46%
• 1M: -1.80%
• 6M: 0.58%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

USOY

• 1D: 7.09%
• 1M: 15.30%
• 6M: 39.74%
• YTD: 51.12%
• 1Y: 40.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.21%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TEMD Templeton Emerging Markets Debt ETF	$2.05K	$7.21K	$12.55K
USOY Defiance Oil Enhanced Options Income ETF	$2.95M	$3.24M	$3.47M

TEMD vs. USOY - Yearly Performance Comparison

	2026 (YTD)
TEMD Templeton Emerging Markets Debt ETF	0.84%
USOY Defiance Oil Enhanced Options Income ETF	44.83%

Correlation

The correlation between TEMD and USOY is -0.52, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	-0.52

Return for Risk

TEMD vs. USOY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TEMD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

USOY

USOY Risk / Return Rank: 45
USOY Sharpe Ratio Rank: 47
USOY Sortino Ratio Rank: 44
USOY Omega Ratio Rank: 49
USOY Calmar Ratio Rank: 44
USOY Martin Ratio Rank: 42

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TEMD vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Templeton Emerging Markets Debt ETF (TEMD) 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.

	TEMD	USOY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.15	—
Sortino ratio: Return per unit of downside risk	—	1.62	—
Omega ratio: Gain probability vs. loss probability	—	1.22	—
Calmar ratio: Return relative to maximum drawdown	—	1.58	—
Martin ratio: Return relative to average drawdown	—	4.59	—

Drawdowns

TEMD vs. USOY - Drawdown Comparison

The maximum TEMD drawdown since its inception was -4.34%, smaller than the maximum USOY drawdown of -25.51%. Use the drawdown chart below to compare losses from any high point for TEMD and USOY.

Drawdown Indicators

	TEMD	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-4.34%	-25.51%	+21.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.51%	—
Current Drawdown Current decline from peak	-1.93%	-11.58%	+9.65%
Average Drawdown Average peak-to-trough decline	-1.21%	-7.15%	+5.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.76%	—

Volatility

Volatility by Period

	TEMD	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.77%	34.87%	-29.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.77%	28.23%	-22.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.77%	28.23%	-22.46%

TEMD vs. USOY - Expense Ratio Comparison

TEMD has a 0.45% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

TEMD vs. USOY - Dividend Comparison

TEMD's dividend yield for the trailing twelve months is around 3.10%, less than USOY's 57.07% yield.

Position	TTM	2025	2024
TEMD Templeton Emerging Markets Debt ETF	3.10%	0.00%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	57.07%	104.32%	48.60%

Frequently Asked Questions

Can I hold both TEMD and USOY in my portfolio?

TEMD and USOY have a correlation of -0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TEMD or USOY?

On fees, TEMD is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEMD or USOY?

TEMD is cheaper with a 0.45% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 57.07%, compared with 3.10% for TEMD.

What is the main difference between TEMD and USOY?

TEMD is categorized as Actively Managed, while USOY is Derivative Income. They also come from different issuers: Franklin Templeton Investments and Defiance. Their fees differ too: 0.45% for TEMD and 1.22% for USOY.