Oil Enhanced Options Income ETF
DThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$7.52+0.07 (+0.94%)
- 1.12%
- $72M
- +71.3%
- 50.52%
- 0.4M sh
- $7.32
- low $6.35high $9.58
The ETF.net USOY Grade
D
Score 38 out of 100
- 34 of 51
Score 38 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F20 out of 100Rank 41 of 51Mission
Whether the fund did what it promised, tested against its stated mandate.C50 out of 100Rank 2 of 3Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C41 out of 100Rank 31 of 46Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B59 out of 100Rank 19 of 51Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A76 out of 100Rank 9 of 51
Our read on USOY
DMost options-income funds harvest premium from stocks. USOY works the oil patch instead, writing options tied to a large oil-tracking ETF and paying the proceeds out monthly, with upside capped by design.
The Fund seeks current income and, secondarily, exposure to the performance of USO, subject to a limit on potential investment gains.
Why people hold it
- An income engine pointed at crude, not the S&P. Its reference point is the United States Oil Fund, a different setup from the equity-call funds that dominate this category.defianceetfs.com
- Income comes first by charter: the stated goal is current income, with oil exposure as the secondary aim. Distributions are paid monthly.defianceetfs.com
- Built as a 1940 Act registered fund, not a commodity partnership, so it trades on exchange like an ordinary ETF.defianceetfs.com
Worth knowing
- At 1.12% a year, it runs above the typical options-income ETF; broad equity premium peers such as PAPI, ROCY and DIVO charge a fraction of that.
- Upside is capped by design. The prospectus objective spells out a limit on potential investment gains, so a big crude rally only partly shows up here.defianceetfs.com
- Exposure is synthetic and tied to one reference fund, so both the payout stream and the share price track crude's swings rather than a diversified basket.
USOY Holdings
- Other
- 9
- 105%
- United States Treasury Bill 07/08/2027
USOY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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USOY$17,129
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | USOY |
|---|---|
| Year to date | +67.1% |
| 1 month | −0.5% |
| 3 months | +26.2% |
| 1 year | +71.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | USOY |
|---|---|---|
| 2026 YTD | +67.1% | |
| 2025 | −7.9% | |
| 2024 | +7.4% |
USOY in the news
Category Review
The payout and the result came apart in option-income funds
USOY Dividends
- 50.52%
- $3.76
- $0.06 per share
- Weekly
Distribution history
USOY Risk
- 30.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.66
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −25.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −0.56
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
USOY Cost
1.12%
USOY1.12%
- The middle half of Active Option Income funds
- Median 0.95%
40 of the 51 Active Option Income funds charge less.
Other funds in Active Option Income
- CTPRYVistaShares Target 15 TEPRTantrum Contrarian Distribution ETFExpense ratio 0.95%1 year return —
- CEGGQNestYield Visionary ETFExpense ratio 0.95%1 year return +14.7%
- DWEELPeerless Option Income Wheel ETFExpense ratio 1.24%1 year return +14.9%
- DFIXPFolioBeyond Enhanced Fixed Income Premium ETFExpense ratio 1.03%1 year return +2.7%
- DMINYYieldMax Strategic Metals & Mining Portfolio Option Income ETFExpense ratio 1.01%1 year return —