USFI vs. USOY

Last updated Jul 30, 2026

USFI (BrandywineGLOBAL - U.S. Fixed Income ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - USFI is a Actively Managed fund actively managed by BrandywineGLOBAL, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. Over the past year, USFI returned 3.87% vs 40.08% for USOY. Their -0.24 correlation means they have often moved in opposite directions in the past. USFI charges 0.39%/yr vs 1.22%/yr for USOY.

Performance

USFI vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrandywineGLOBAL - U.S. Fixed Income ETF (USFI) 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, USFI achieves a 0.45% return, which is significantly lower than USOY's 51.12% return.

USFI

• 1D: -0.33%
• 1M: -1.09%
• 6M: 0.39%
• YTD: 0.45%
• 1Y: 3.87%
• 3Y*: 3.61%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.79%

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)
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	$228.87	$276.61	$7.08K
USOY Defiance Oil Enhanced Options Income ETF	$2.95M	$3.24M	$3.47M

USFI vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	0.45%	6.96%	4.75%
USOY Defiance Oil Enhanced Options Income ETF	51.12%	-7.93%	6.13%

Correlation

The correlation between USFI and USOY is -0.32, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.32
Correlation (All Time) Calculated using the full available price history since May 10, 2024	-0.24

Return for Risk

USFI vs. USOY — Risk / Return Rank

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

USFI

USFI Risk / Return Rank: 65
USFI Sharpe Ratio Rank: 53
USFI Sortino Ratio Rank: 60
USFI Omega Ratio Rank: 53
USFI Calmar Ratio Rank: 88
USFI Martin Ratio Rank: 72

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.

USFI vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - U.S. Fixed Income ETF (USFI) 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.

	USFI	USOY	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.15	+0.06
Sortino ratio: Return per unit of downside risk	1.95	1.62	+0.32
Omega ratio: Gain probability vs. loss probability	1.23	1.22	0.00
Calmar ratio: Return relative to maximum drawdown	3.52	1.58	+1.94
Martin ratio: Return relative to average drawdown	8.32	4.59	+3.73

USFI vs. USOY - Sharpe Ratio Comparison

The current USFI Sharpe Ratio is 1.21, which is comparable to the USOY Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of USFI 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

USFI vs. USOY - Drawdown Comparison

The maximum USFI drawdown since its inception was -8.47%, smaller than the maximum USOY drawdown of -25.51%. Use the drawdown chart below to compare losses from any high point for USFI and USOY.

Drawdown Indicators

	USFI	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-8.47%	-25.51%	+17.04%
Max Drawdown (1Y) Largest decline over 1 year	-1.11%	-25.51%	+24.40%
Max Drawdown (3Y) Largest decline over 3 years	-8.47%	—	—
Current Drawdown Current decline from peak	-1.11%	-11.58%	+10.47%
Average Drawdown Average peak-to-trough decline	-2.06%	-7.15%	+5.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	8.76%	-8.29%

Volatility

USFI vs. USOY - Volatility Comparison

The current volatility for BrandywineGLOBAL - U.S. Fixed Income ETF (USFI) is 0.80%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 15.68%. This indicates that USFI 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

	USFI	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.80%	15.68%	-14.88%
Volatility (6M) Calculated over the trailing 6-month period	1.65%	32.29%	-30.64%
Volatility (1Y) Calculated over the trailing 1-year period	3.22%	34.87%	-31.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.85%	28.23%	-21.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.85%	28.23%	-21.38%

USFI vs. USOY - Expense Ratio Comparison

USFI has a 0.39% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

USFI vs. USOY - Dividend Comparison

USFI's dividend yield for the trailing twelve months is around 4.46%, less than USOY's 57.07% yield.

Position	TTM	2025	2024	2023
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	4.46%	4.42%	4.60%	1.83%
USOY Defiance Oil Enhanced Options Income ETF	57.07%	104.32%	48.60%	0.00%

Frequently Asked Questions

Can I hold both USFI and USOY in my portfolio?

USFI and USOY have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USFI or USOY?

USOY has higher volatility (15.68%) compared to USFI (0.80%). In terms of maximum drawdown, USFI dropped -8.47% vs USOY's -25.51%.

Which ETF is better, USFI or USOY?

On 1-year performance, USOY leads with 40.08% vs 3.87% for USFI. On fees, USFI is cheaper at 0.39% per year. On volatility, USFI has been the lower-risk option at 0.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USFI or USOY?

Over the 1-year period, USOY has performed better with a 40.08% return vs 3.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USFI or USOY?

USFI is cheaper with a 0.39% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 57.07%, compared with 4.46% for USFI.

What is the main difference between USFI and USOY?

USFI is categorized as Actively Managed, while USOY is Derivative Income. They also come from different issuers: BrandywineGLOBAL and Defiance. Their fees differ too: 0.39% for USFI and 1.22% for USOY.

Which has better risk-adjusted returns?

USFI currently has the higher Sharpe Ratio (1.21 vs 1.15), 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.