XOMO vs. USOY

Last updated Apr 1, 2026

Compare and contrast key facts about YieldMax XOM Option Income Strategy ETF (XOMO) and Defiance Oil Enhanced Options Income ETF (USOY).

XOMO and USOY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XOMO is an actively managed fund by YieldMax. It was launched on Aug 30, 2023. USOY is an actively managed fund by Defiance. It was launched on May 9, 2024.

Performance

XOMO vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax XOM Option Income Strategy ETF (XOMO) and Defiance Oil Enhanced Options Income ETF (USOY). The values are adjusted to include any dividend payments, if applicable.

XOMO vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XOMO YieldMax XOM Option Income Strategy ETF	28.99%	6.90%	-4.33%
USOY Defiance Oil Enhanced Options Income ETF	60.22%	-7.93%	7.27%

Returns By Period

In the year-to-date period, XOMO achieves a 28.99% return, which is significantly lower than USOY's 60.22% return.

XOMO

• 1D: -0.87%
• 1M: 7.80%
• YTD: 28.99%
• 6M: 36.29%
• 1Y: 27.92%
• 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)

XOMO vs. USOY - Expense Ratio Comparison

XOMO has a 1.01% expense ratio, which is lower than USOY's 1.22% expense ratio.

USOY

Defiance Oil Enhanced Options Income ETF

XOMO

YieldMax XOM Option Income Strategy ETF

Return for Risk

XOMO vs. USOY — Risk / Return Rank

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

XOMO

XOMO Risk / Return Rank: 67
XOMO Sharpe Ratio Rank: 74
XOMO Sortino Ratio Rank: 70
XOMO Omega Ratio Rank: 68
XOMO Calmar Ratio Rank: 75
XOMO Martin Ratio Rank: 47

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.

XOMO vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax XOM Option Income Strategy ETF (XOMO) 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.

	XOMO	USOY	Difference
Sharpe ratio Return per unit of total volatility	1.30	1.75	-0.45
Sortino ratio Return per unit of downside risk	1.72	2.20	-0.48
Omega ratio Gain probability vs. loss probability	1.25	1.32	-0.07
Calmar ratio Return relative to maximum drawdown	1.90	2.91	-1.01
Martin ratio Return relative to average drawdown	4.33	5.47	-1.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XOMO vs. USOY - Sharpe Ratio Comparison

The current XOMO Sharpe Ratio is 1.30, which is comparable to the USOY Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of XOMO and USOY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XOMO	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	1.75	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	1.24	-0.59

Correlation

The correlation between XOMO and USOY is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XOMO vs. USOY - Dividend Comparison

XOMO's dividend yield for the trailing twelve months is around 29.26%, less than USOY's 64.71% yield.

	TTM	2025	2024	2023
XOMO YieldMax XOM Option Income Strategy ETF	29.26%	31.64%	26.94%	5.13%
USOY Defiance Oil Enhanced Options Income ETF	55.99%	104.32%	48.60%	0.00%

Drawdowns

XOMO vs. USOY - Drawdown Comparison

The maximum XOMO drawdown since its inception was -18.90%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for XOMO and USOY.

Drawdown Indicators

	XOMO	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-18.90%	-17.46%	-1.44%
Max Drawdown (1Y) Largest decline over 1 year	-15.24%	-15.70%	+0.46%
Current Drawdown Current decline from peak	-0.87%	-0.54%	-0.33%
Average Drawdown Average peak-to-trough decline	-7.05%	-6.56%	-0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.68%	8.34%	-1.66%

Volatility

XOMO vs. USOY - Volatility Comparison

The current volatility for YieldMax XOM Option Income Strategy ETF (XOMO) is 4.81%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.94%. This indicates that XOMO 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

	XOMO	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	11.94%	-7.13%
Volatility (6M) Calculated over the trailing 6-month period	13.10%	18.38%	-5.28%
Volatility (1Y) Calculated over the trailing 1-year period	21.59%	25.35%	-3.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.28%	22.37%	-4.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.28%	22.37%	-4.09%