XLCI vs. USOY

Last updated Aug 2, 2026

XLCI (State Street Communication Services Select Sector SPDR Premium Income ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, XLCI returned 4.28% vs 41.94% for USOY. Their -0.17 correlation means they have often moved in opposite directions in the past. XLCI charges 0.35%/yr vs 1.22%/yr for USOY.

Performance

XLCI vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Communication Services Select Sector SPDR Premium Income ETF (XLCI) 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, XLCI achieves a -2.58% return, which is significantly lower than USOY's 51.25% return.

XLCI

• 1D: 1.54%
• 1M: -0.56%
• 6M: -4.49%
• YTD: -2.58%
• 1Y: 4.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.98%

USOY

• 1D: 1.10%
• 1M: 18.05%
• 6M: 38.09%
• YTD: 51.25%
• 1Y: 41.94%
• 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)
USOY Defiance Oil Enhanced Options Income ETF	$3.02M	$3.27M	$3.42M
XLCI State Street Communication Services Select Sector SPDR Premium Income ETF	$102.51K	$79.36K	$72.31K

XLCI vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025
XLCI State Street Communication Services Select Sector SPDR Premium Income ETF	-2.58%	6.73%
USOY Defiance Oil Enhanced Options Income ETF	51.25%	-7.30%

Correlation

The correlation between XLCI and USOY is -0.17, 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.	-0.17
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	-0.17

Return for Risk

XLCI vs. USOY — Risk / Return Rank

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

XLCI

XLCI Risk / Return Rank: 18
XLCI Sharpe Ratio Rank: 17
XLCI Sortino Ratio Rank: 16
XLCI Omega Ratio Rank: 16
XLCI Calmar Ratio Rank: 18
XLCI Martin Ratio Rank: 20

USOY

USOY Risk / Return Rank: 44
USOY Sharpe Ratio Rank: 46
USOY Sortino Ratio Rank: 43
USOY Omega Ratio Rank: 47
USOY Calmar Ratio Rank: 43
USOY Martin Ratio Rank: 41

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.

XLCI vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Communication Services Select Sector SPDR Premium Income ETF (XLCI) 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.

	XLCI	USOY	Difference
Sharpe ratio: Return per unit of total volatility	0.29	1.12	-0.83
Sortino ratio: Return per unit of downside risk	0.47	1.59	-1.11
Omega ratio: Gain probability vs. loss probability	1.06	1.22	-0.16
Calmar ratio: Return relative to maximum drawdown	0.42	1.53	-1.11
Martin ratio: Return relative to average drawdown	1.23	4.54	-3.30

XLCI vs. USOY - Sharpe Ratio Comparison

The current XLCI Sharpe Ratio is 0.29, which is lower than the USOY Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of XLCI 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

XLCI vs. USOY - Drawdown Comparison

The maximum XLCI drawdown since its inception was -8.44%, smaller than the maximum USOY drawdown of -25.51%. Use the drawdown chart below to compare losses from any high point for XLCI and USOY.

Drawdown Indicators

	XLCI	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-8.44%	-25.51%	+17.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-25.51%	+17.07%
Current Drawdown Current decline from peak	-5.54%	-11.50%	+5.96%
Average Drawdown Average peak-to-trough decline	-2.06%	-7.16%	+5.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	8.81%	-5.95%

Volatility

XLCI vs. USOY - Volatility Comparison

The current volatility for State Street Communication Services Select Sector SPDR Premium Income ETF (XLCI) is 5.62%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 15.28%. This indicates that XLCI 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

	XLCI	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	15.28%	-9.66%
Volatility (6M) Calculated over the trailing 6-month period	10.27%	32.32%	-22.05%
Volatility (1Y) Calculated over the trailing 1-year period	12.32%	34.89%	-22.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.29%	28.20%	-15.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.29%	28.20%	-15.91%

XLCI vs. USOY - Expense Ratio Comparison

XLCI has a 0.35% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

XLCI vs. USOY - Dividend Comparison

XLCI's dividend yield for the trailing twelve months is around 11.73%, less than USOY's 56.58% yield.

Position	TTM	2025	2024
USOY Defiance Oil Enhanced Options Income ETF	56.58%	104.32%	48.60%
XLCI State Street Communication Services Select Sector SPDR Premium Income ETF	11.73%	5.23%	0.00%

Frequently Asked Questions

Can I hold both XLCI and USOY in my portfolio?

XLCI and USOY have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLCI or USOY?

USOY has higher volatility (15.28%) compared to XLCI (5.62%). In terms of maximum drawdown, XLCI dropped -8.44% vs USOY's -25.51%.

Which ETF is better, XLCI or USOY?

On 1-year performance, USOY leads with 41.94% vs 4.28% for XLCI. On fees, XLCI is cheaper at 0.35% per year. On volatility, XLCI has been the lower-risk option at 5.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLCI or USOY?

Over the 1-year period, USOY has performed better with a 41.94% return vs 4.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLCI or USOY?

XLCI is cheaper with a 0.35% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 56.58%, compared with 11.73% for XLCI.

What is the main difference between XLCI and USOY?

They also come from different issuers: State Street and Defiance. Their fees differ too: 0.35% for XLCI and 1.22% for USOY.

Which has better risk-adjusted returns?

USOY currently has the higher Sharpe Ratio (1.12 vs 0.29), 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.