XOMO vs. USOY

Last updated Jun 4, 2026

XOMO (YieldMax XOM Option Income Strategy ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, XOMO returned 30.87% vs 57.29% for USOY. A 0.54 correlation means they provide meaningful diversification when combined. XOMO charges 1.01%/yr vs 1.22%/yr for USOY.

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.

Returns By Period

In the year-to-date period, XOMO achieves a 17.25% return, which is significantly lower than USOY's 62.18% return.

XOMO

• 1D: 1.39%
• 1M: -1.15%
• YTD: 17.25%
• 6M: 19.54%
• 1Y: 30.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: 1.45%
• 1M: -3.43%
• YTD: 62.18%
• 6M: 59.35%
• 1Y: 57.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XOMO vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XOMO YieldMax XOM Option Income Strategy ETF	17.25%	6.90%	-4.33%
USOY Defiance Oil Enhanced Options Income ETF	62.18%	-7.93%	7.27%

Correlation

The correlation between XOMO and USOY is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (All Time) Calculated using the full available price history since May 13, 2024	0.54

The correlation between XOMO and USOY has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.

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: 42
XOMO Sharpe Ratio Rank: 44
XOMO Sortino Ratio Rank: 40
XOMO Omega Ratio Rank: 42
XOMO Calmar Ratio Rank: 45
XOMO Martin Ratio Rank: 40

USOY

USOY Risk / Return Rank: 56
USOY Sharpe Ratio Rank: 55
USOY Sortino Ratio Rank: 46
USOY Omega Ratio Rank: 55
USOY Calmar Ratio Rank: 78
USOY Martin Ratio Rank: 46

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	1.55	1.89	-0.35
Sortino ratio: Return per unit of downside risk	2.06	2.30	-0.24
Omega ratio: Gain probability vs. loss probability	1.27	1.35	-0.07
Calmar ratio: Return relative to maximum drawdown	2.26	4.03	-1.77
Martin ratio: Return relative to average drawdown	6.35	7.74	-1.39
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 1.55, which is comparable to the USOY Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of XOMO 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.

Sharpe Ratios by Period

	XOMO	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	1.89	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.99	-0.60

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	-13.73%	-14.29%	+0.56%
Current Drawdown Current decline from peak	-9.89%	-5.11%	-4.78%
Average Drawdown Average peak-to-trough decline	-7.21%	-6.47%	-0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.88%	7.42%	-2.54%

Volatility

XOMO vs. USOY - Volatility Comparison

The current volatility for YieldMax XOM Option Income Strategy ETF (XOMO) is 7.53%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.62%. 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	7.53%	11.62%	-4.09%
Volatility (6M) Calculated over the trailing 6-month period	16.61%	27.18%	-10.57%
Volatility (1Y) Calculated over the trailing 1-year period	20.07%	30.44%	-10.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.95%	26.13%	-7.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.95%	26.13%	-7.18%

XOMO vs. USOY - Expense Ratio Comparison

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

Dividends

XOMO vs. USOY - Dividend Comparison

XOMO's dividend yield for the trailing twelve months is around 34.77%, less than USOY's 54.16% yield.

Position	TTM	2025	2024	2023
USOY Defiance Oil Enhanced Options Income ETF	54.16%	104.32%	48.60%	0.00%
XOMO YieldMax XOM Option Income Strategy ETF	34.77%	31.64%	26.94%	5.13%

Frequently Asked Questions

Can I hold both XOMO and USOY in my portfolio?

XOMO and USOY have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XOMO or USOY?

USOY has higher volatility (11.62%) compared to XOMO (7.53%). In terms of maximum drawdown, XOMO dropped -18.90% vs USOY's -17.46%.

Which ETF is better, XOMO or USOY?

On 1-year performance, USOY leads with 57.29% vs 30.87% for XOMO. On fees, XOMO is cheaper at 1.01% per year. On volatility, XOMO has been the lower-risk option at 7.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XOMO or USOY?

Over the 1-year period, USOY has performed better with a 57.29% return vs 30.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XOMO or USOY?

XOMO is cheaper with a 1.01% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 54.16%, compared with 34.77% for XOMO.

What is the main difference between XOMO and USOY?

They also come from different issuers: YieldMax and Defiance. Their fees differ too: 1.01% for XOMO and 1.22% for USOY.

Which has better risk-adjusted returns?

USOY currently has the higher Sharpe Ratio (1.89 vs 1.55), 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.