Oil Enhanced Options Income ETF
$7.48+0.18 (+2.41%)
- Expense ratio
- 1.12%
- Fund size
- $72M
- 1Y return
- +52.7%
- Yield · Last 12 months
- 52.83%
- Holdings
- 16
- Volume · 30D
- 0.4M sh
- NAV per share
- $7.45
- 52W range
The ETF.net USOY Grade
Score 36 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 18Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 50Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 40Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 59Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 77Category rank
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
- 16
- 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.
Returns run to the Sep 22, 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 | +59.8% |
| 1 month | +4.8% |
| 3 months | +17.3% |
| 1 year | +52.7% |
| 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 | +59.8% | |
| 2025 | −7.9% | |
| 2024 | +7.4% |
USOY in the news
ETF.net Research hasn’t filed on USOY yet — coverage lands here as it’s written.
USOY Dividends
- 52.83%
- $3.86
- $0.07 per share
- Weekly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 18, 2026 | $0.07 |
| Sep 10, 2026 | Sep 11, 2026 | $0.06 |
| Sep 3, 2026 | Sep 4, 2026 | $0.06 |
| Aug 27, 2026 | Aug 28, 2026 | $0.06 |
| Aug 20, 2026 | Aug 21, 2026 | $0.06 |
| Aug 13, 2026 | Aug 14, 2026 | $0.07 |
| Aug 6, 2026 | Aug 7, 2026 | $0.06 |
| Jul 30, 2026 | Jul 31, 2026 | $0.07 |
| Jul 23, 2026 | Jul 24, 2026 | $0.07 |
| Jul 16, 2026 | Jul 17, 2026 | $0.05 |
| Jul 9, 2026 | Jul 10, 2026 | $0.05 |
| Jul 2, 2026 | Jul 6, 2026 | $0.06 |
USOY Risk
- 31.2%
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.
- 0.58
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.
- −0.53
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
- The middle half of Active Option Income funds
- Median 0.95%
38 of the 47 Active Option Income funds charge less.