WPAY vs. USOY

Last updated Apr 1, 2026

Compare and contrast key facts about Roundhill WeeklyPay™ Universe ETF (WPAY) and Defiance Oil Enhanced Options Income ETF (USOY).

WPAY and USOY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WPAY is a passively managed fund by Roundhill that tracks the performance of the Solactive Roundhill WeeklyPay™ Universe Index. It was launched on Sep 3, 2025. USOY is an actively managed fund by Defiance. It was launched on May 9, 2024.

Performance

WPAY vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill WeeklyPay™ Universe ETF (WPAY) and Defiance Oil Enhanced Options Income ETF (USOY). The values are adjusted to include any dividend payments, if applicable.

WPAY vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025
WPAY Roundhill WeeklyPay™ Universe ETF	-10.65%	-2.47%
USOY Defiance Oil Enhanced Options Income ETF	60.22%	-5.40%

Returns By Period

In the year-to-date period, WPAY achieves a -10.65% return, which is significantly lower than USOY's 60.22% return.

WPAY

• 1D: -1.58%
• 1M: -3.05%
• YTD: -10.65%
• 6M: -19.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: -0.54%
• 1M: 34.04%
• YTD: 60.22%
• 6M: 55.39%
• 1Y: 44.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WPAY vs. USOY - Expense Ratio Comparison

WPAY has a 0.99% expense ratio, which is lower than USOY's 1.22% expense ratio.

USOY

Defiance Oil Enhanced Options Income ETF

WPAY

Roundhill WeeklyPay™ Universe ETF

Return for Risk

WPAY vs. USOY — Risk / Return Rank

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

USOY

USOY Risk / Return Rank: 80
USOY Sharpe Ratio Rank: 87
USOY Sortino Ratio Rank: 84
USOY Omega Ratio Rank: 83
USOY Calmar Ratio Rank: 89
USOY Martin Ratio Rank: 58

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.

WPAY vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill WeeklyPay™ Universe ETF (WPAY) 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.

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

Sharpe Ratios by Period

	WPAY	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	1.24	-2.03

Correlation

The correlation between WPAY and USOY is 0.05, 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.

Dividends

WPAY vs. USOY - Dividend Comparison

WPAY's dividend yield for the trailing twelve months is around 36.55%, less than USOY's 64.71% yield.

	TTM	2025	2024
WPAY Roundhill WeeklyPay™ Universe ETF	36.55%	21.51%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	64.71%	104.32%	48.60%

Drawdowns

WPAY vs. USOY - Drawdown Comparison

The maximum WPAY drawdown since its inception was -26.17%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for WPAY and USOY.

Drawdown Indicators

	WPAY	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-26.17%	-17.46%	-8.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.70%	—
Current Drawdown Current decline from peak	-25.35%	-0.54%	-24.81%
Average Drawdown Average peak-to-trough decline	-11.92%	-6.56%	-5.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.34%	—

Volatility

Volatility by Period

	WPAY	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.83%	25.35%	+3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.83%	22.37%	+6.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.83%	22.37%	+6.46%