YMAG vs. USOY

Last updated Jun 4, 2026

YMAG (YieldMax Magnificent 7 Fund of Option Income ETFs) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - YMAG is a Large Cap Blend Equities fund actively managed by YieldMax, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. Over the past year, YMAG returned 27.02% vs 57.29% for USOY. At a correlation of -0.06, they often move in opposite directions. YMAG charges 1.28%/yr vs 1.22%/yr for USOY.

Performance

YMAG vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) 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, YMAG achieves a 3.80% return, which is significantly lower than USOY's 62.18% return.

YMAG

• 1D: -0.86%
• 1M: 2.07%
• YTD: 3.80%
• 6M: 4.38%
• 1Y: 27.02%
• 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)

YMAG vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	3.80%	18.64%	23.38%
USOY Defiance Oil Enhanced Options Income ETF	62.18%	-7.93%	7.27%

Correlation

The correlation between YMAG and USOY is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.26
Correlation (All Time) Calculated using the full available price history since May 13, 2024	-0.06

The correlation between YMAG and USOY shifts across timeframes, from -0.26 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

YMAG vs. USOY — Risk / Return Rank

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

YMAG

YMAG Risk / Return Rank: 43
YMAG Sharpe Ratio Rank: 47
YMAG Sortino Ratio Rank: 44
YMAG Omega Ratio Rank: 44
YMAG Calmar Ratio Rank: 37
YMAG Martin Ratio Rank: 41

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.

YMAG vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) 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.

	YMAG	USOY	Difference
Sharpe ratio: Return per unit of total volatility	1.68	1.89	-0.21
Sortino ratio: Return per unit of downside risk	2.27	2.30	-0.02
Omega ratio: Gain probability vs. loss probability	1.29	1.35	-0.06
Calmar ratio: Return relative to maximum drawdown	1.89	4.03	-2.14
Martin ratio: Return relative to average drawdown	6.63	7.74	-1.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YMAG vs. USOY - Sharpe Ratio Comparison

The current YMAG Sharpe Ratio is 1.68, which is comparable to the USOY Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of YMAG 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

	YMAG	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	1.89	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	0.99	+0.20

Drawdowns

YMAG vs. USOY - Drawdown Comparison

The maximum YMAG drawdown since its inception was -25.96%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for YMAG and USOY.

Drawdown Indicators

	YMAG	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-25.96%	-17.46%	-8.50%
Max Drawdown (1Y) Largest decline over 1 year	-14.38%	-14.29%	-0.09%
Current Drawdown Current decline from peak	-2.71%	-5.11%	+2.40%
Average Drawdown Average peak-to-trough decline	-4.52%	-6.47%	+1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	7.42%	-3.34%

Volatility

YMAG vs. USOY - Volatility Comparison

The current volatility for YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) is 3.67%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.62%. This indicates that YMAG 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

	YMAG	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	11.62%	-7.95%
Volatility (6M) Calculated over the trailing 6-month period	11.52%	27.18%	-15.66%
Volatility (1Y) Calculated over the trailing 1-year period	16.19%	30.44%	-14.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.88%	26.13%	-5.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.88%	26.13%	-5.25%

YMAG vs. USOY - Expense Ratio Comparison

YMAG has a 1.28% expense ratio, which is higher than USOY's 1.22% expense ratio.

Dividends

YMAG vs. USOY - Dividend Comparison

YMAG's dividend yield for the trailing twelve months is around 52.16%, less than USOY's 54.16% yield.

Position	TTM	2025	2024
USOY Defiance Oil Enhanced Options Income ETF	54.16%	104.32%	48.60%
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	52.16%	52.27%	35.22%

Frequently Asked Questions

Can I hold both YMAG and USOY in my portfolio?

YMAG and USOY have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YMAG or USOY?

USOY has higher volatility (11.62%) compared to YMAG (3.67%). In terms of maximum drawdown, YMAG dropped -25.96% vs USOY's -17.46%.

Which ETF is better, YMAG or USOY?

On 1-year performance, USOY leads with 57.29% vs 27.02% for YMAG. On fees, USOY is cheaper at 1.22% per year. On volatility, YMAG has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YMAG or USOY?

Over the 1-year period, USOY has performed better with a 57.29% return vs 27.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YMAG or USOY?

USOY is cheaper with a 1.22% expense ratio, compared with 1.28% for YMAG.

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

USOY has the higher dividend yield at 54.16%, compared with 52.16% for YMAG.

What is the main difference between YMAG and USOY?

YMAG is categorized as Large Cap Blend Equities, while USOY is Derivative Income. They also come from different issuers: YieldMax and Defiance. Their fees differ too: 1.28% for YMAG and 1.22% for USOY.

Which has better risk-adjusted returns?

USOY currently has the higher Sharpe Ratio (1.89 vs 1.68), 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.