Correlation
The correlation between USOY and USO is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
USOY vs. USO
Compare and contrast key facts about Defiance Oil Enhanced Options Income ETF (USOY) and United States Oil Fund LP (USO).
USOY and USO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USOY is an actively managed fund by Defiance. It was launched on May 9, 2024. USO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Light Sweet Crude Oil. It was launched on Apr 10, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USOY or USO.
Performance
USOY vs. USO - Performance Comparison
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Key characteristics
USOY:
-0.02
USO:
-0.36
USOY:
0.04
USO:
-0.44
USOY:
1.01
USO:
0.95
USOY:
-0.09
USO:
-0.15
USOY:
-0.22
USO:
-1.13
USOY:
7.14%
USO:
11.97%
USOY:
21.19%
USO:
30.62%
USOY:
-17.46%
USO:
-98.19%
USOY:
-11.50%
USO:
-92.86%
Returns By Period
In the year-to-date period, USOY achieves a -7.22% return, which is significantly higher than USO's -11.12% return.
USOY
-7.22%
3.03%
-1.83%
0.21%
N/A
N/A
N/A
USO
-11.12%
4.08%
-6.23%
-10.25%
-7.73%
21.01%
-8.62%
Compare stocks, funds, or ETFs
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USOY vs. USO - Expense Ratio Comparison
USOY has a 1.22% expense ratio, which is higher than USO's 0.79% expense ratio.
Risk-Adjusted Performance
USOY vs. USO — Risk-Adjusted Performance Rank
USOY
USO
USOY vs. USO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Oil Enhanced Options Income ETF (USOY) and United States Oil Fund LP (USO). 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.
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Dividends
USOY vs. USO - Dividend Comparison
USOY's dividend yield for the trailing twelve months is around 96.96%, while USO has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
USOY Defiance Oil Enhanced Options Income ETF | 96.96% | 48.60% |
USO United States Oil Fund LP | 0.00% | 0.00% |
Drawdowns
USOY vs. USO - Drawdown Comparison
The maximum USOY drawdown since its inception was -17.46%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for USOY and USO.
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Volatility
USOY vs. USO - Volatility Comparison
The current volatility for Defiance Oil Enhanced Options Income ETF (USOY) is 5.05%, while United States Oil Fund LP (USO) has a volatility of 7.91%. This indicates that USOY experiences smaller price fluctuations and is considered to be less risky than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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