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USOY vs YLDE

Oil Enhanced Options Income ETF

USOYDNasdaq

Franklin ClearBridge Enhanced Income ETF

YLDEANasdaq

Overlap

0.0%by weight

Expense ratio

YLDE −0.64pt a year

USOY1.12%YLDE0.48%

Avg volume · 30D

USOY 32.0×the volume

USOY411KYLDE12.9K

USOY vs YLDE Performance

Oct 31, 2025 – Oct 30, 2026

+79.6%USOY+16.1%YLDE

Oct 31, 2025 to Oct 30, 2026. USOY +79.6%. YLDE +16.1%. Use the arrow keys to read each point.0%40%60%Oct 2025Apr 2026Oct 2026
Expense ratio
USOY 1.12%
YLDE 0.48%, better
Fund size
USOY $82M
YLDE $181M
1Y total return
USOY +79.6%, better
YLDE +16.1%
Yield (12M)
USOY 46.97%, better
YLDE 7.23%
Holdings
USOY 9
YLDE 50
Avg volume (30D)
USOY 411K sh, better
YLDE 12.9K sh
NAV per share
USOY $7.87
YLDE $57.43
52W range

ETF.net Grade

USOY: Cost 16, Risk 41, Mission 50, Tradability 56, Holdings not scored, Durability 77. YLDE: Cost 86, Risk 68, Mission not scored, Tradability 77, Holdings 84, Durability 90.
Pillar letters and Scores for USOY, YLDE, with each pillar’s weight
PillarUSOYYLDE
Cost30% weightF16A86Higher
Mission25% weightC50Not scored
Risk15% weightC41B68Higher
Tradability15% weightB56A77Higher
Holdings10% weightNot scoredA84
Durability5% weightA77A90Higher

Rank among Active Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. USOY and YLDE are both graded against the same 50 Active Option Income funds, so their Grades compare head to head.

Active Option Income⁠

Category · 50 funds
See all 50 ›

YLDE ranks 2nd and USOY 36th of 50 funds in the Active Option Income Category.

  1. Rank 1ARECIColumbia Research Enhanced Core Premium Income ETScore 83
  2. Rank 2ATCALT. Rowe Price Capital Appreciation Premium Income ETFScore 80
  3. Rank 2AYLDEFranklin ClearBridge Enhanced Income ETFScore 80
  4. Rank 4APAYRFederated Hermes Enhanced Income ETFScore 76
  5. Rank 34DFIXPFolioBeyond Enhanced Fixed Income Premium ETFScore 37
  6. Rank 36DUSOYOil Enhanced Options Income ETFScore 35
  7. Rank 37DULTYYieldMax Ultra Option Income Strategy ETFScore 32

Our read on each fund

ETF.net Research

USOYDOil Enhanced Options Income ETF

YLDEAFranklin ClearBridge Enhanced Income ETF

In short

USOY Most 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.

YLDE A 2017 ClearBridge dividend portfolio that had an income engine bolted on in 2025: about 50 large-cap dividend payers, with index calls sold on top for premium. Pays monthly, charges 0.48%, no waiver, below the category median.

Stated mandate

USOY The Fund seeks current income and, secondarily, exposure to the performance of USO, subject to a limit on potential investment gains.

YLDE The Fund seeks income and long-term capital appreciation through an actively managed enhanced equity-income strategy. It primarily invests in dividend-paying equities and writes U.S. exchange-traded calls on U.S. large-cap equity indices to enhance income.

Why people hold it

  • USOY 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
  • YLDE The overlay sits on top of the stock picks, not inside them. Calls are written on U.S. large-cap indices such as the S&P 500, so no single holding has its own upside sold away.franklintempleton.com
  • 0.48% with no fee waiver propping it up, below the median for active overlay funds. Cheaper than RDVI at 0.75%, though index-built rivals RECI (0.30%) and TCAL (0.34%) go lower.
  • Two desks, two jobs: ClearBridge runs the roughly 50-stock dividend sleeve, while a separate options manager handles the call writing, an arrangement spelled out in the fund's filings.sec.gov
  • Income arrives monthly and comes from two places, dividends from the equity sleeve plus premium from written calls, rather than from reaching for the highest-yielding names.franklintempleton.com

Worth knowing

  • USOY 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.
  • YLDE The ticker dates to 2017, but it spent most of that life as a dividend ESG fund. The enhanced-income objective, options overlay and dividend policy changed on February 28, 2025.franklintempleton.com
  • Selling index calls trades away part of a sharp market rally for premium collected up front, and that premium offsets losses only as far as it goes in a steep decline.franklintempleton.com
  • A thinly traded fund with a smaller asset base than the category's giants, which can mean wider bid/ask spreads than the headline names in derivative income.

Full USOY profile⁠

Full YLDE profile⁠

USOY vs YLDE Holdings

How USOY and YLDE differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of USOY and 0.0% of YLDE.

Level by level

  • Asset classCommodities, Equity0.0%
  • Holdings0 in both0.0%
  • Countryby domicile86.6%

Sector

No Sector split for USOY and YLDE.

Country, concentration and asset class

Country by domicile

Country weights in USOY and YLDE, widest gap first
CountryMore in USOYMore in YLDE
United StatesUSOY +13.4 points
United KingdomYLDE +5.9 points
SwitzerlandYLDE +2.7 points
TaiwanYLDE +1.7 points
SpainYLDE +1.7 points
ChinaYLDE +1.4 points

Concentration

Weight in the 10 largest Holdings

  • USOY102.6%
  • YLDE31.7%

Securities held

  • USOY8
  • YLDE49

Asset class

USOY
Commodities
YLDE
Equity

Holdings

  • Only in USOY8
  • In both0
  • Only in YLDE49

Only in USOY

8 securities, 99.9% of USOY by weight

  • United States Treasury Bill 07/08/202731.40%
  • United States Treasury Bill 02/18/202719.67%
  • Uso 11/20/2026 140.01 C17.32%

Only in YLDE

49 securities, 100% of YLDE by weight

  • Williams Cos Inc4.40%
  • Exxonmobil Holdings Corp3.89%
  • Microsoft Corp3.58%

Weight gaps

USOY and YLDE share no securities.

All 12 USOY holdings⁠All 48 YLDE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

USOY vs YLDE Cost

Overpaying USOY vs YLDE

$11,002

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • USOY 1.12%

    $20,607

  • YLDE 0.48%

    $9,605

$10,000
30 years

Cost over time

  • USOY 1.12%
  • YLDE 0.48%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530USOY $20,607YLDE $9,605

Year by year

YearUSOYYLDEOverpaying
10$1,965$865$1,100
20$7,344$3,328$4,016
30$20,607$9,605$11,002

Expense ratio

  • 1.12%USOY
  • 0.48%YLDE, cheaper
  • Middle half of Active Option Income funds
  • Median 0.95%

YLDE 8th cheapest of 50 funds

USOY 42nd cheapest of 50 funds

USOY vs YLDE Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
USOY 46.97%, better
YLDE 7.23%
Payout (12M)
USOY $3.71
YLDE $4.15
Last payment
USOY $0.07
YLDE $0.31
Ex-dividend
USOY Oct 29, 2026
YLDE Oct 1, 2026
Paid on
USOY Oct 30, 2026
YLDE Oct 6, 2026
Frequency
USOY Weekly
YLDE Monthly

Distribution history

Per share, 2026, same scale for both

USOYWeekly · 43 paymentsAll USOY payments⁠
One bar per payment. 43 payments in 2026 YTD. Jan 8, 2026 $0.05; Jan 15, 2026 $0.07; Jan 22, 2026 $0.07; Jan 29, 2026 $0.07; Feb 5, 2026 $0.07; Feb 12, 2026 $0.07; Feb 19, 2026 $0.07; Feb 26, 2026 $0.07; Mar 5, 2026 $0.07; Mar 12, 2026 $0.11; Mar 19, 2026 $0.09; Mar 26, 2026 $0.09; Apr 2, 2026 $0.10; Apr 9, 2026 $0.09; Apr 16, 2026 $0.08; Apr 23, 2026 $0.08; Apr 30, 2026 $0.08; May 7, 2026 $0.09; May 14, 2026 $0.08; May 21, 2026 $0.09; May 28, 2026 $0.08; Jun 4, 2026 $0.08; Jun 11, 2026 $0.08; Jun 18, 2026 $0.07; Jun 25, 2026 $0.06; Jul 2, 2026 $0.06; Jul 9, 2026 $0.05; Jul 16, 2026 $0.05; Jul 23, 2026 $0.07; Jul 30, 2026 $0.07; Aug 6, 2026 $0.06; Aug 13, 2026 $0.07; Aug 20, 2026 $0.06; Aug 27, 2026 $0.06; Sep 3, 2026 $0.06; Sep 10, 2026 $0.06; Sep 17, 2026 $0.07; Sep 24, 2026 $0.06; Oct 1, 2026 $0.06; Oct 8, 2026 $0.06; Oct 15, 2026 $0.07; Oct 22, 2026 $0.07; Oct 29, 2026 $0.07. Use the arrow keys to read each point.$0$0.502026YTD
YLDEMonthly · 9 paymentsAll YLDE payments⁠
One bar per payment. 9 payments in 2026 YTD. Feb 2, 2026 $0.27; Mar 2, 2026 $0.28; Apr 1, 2026 $0.30; May 1, 2026 $0.31; Jun 1, 2026 $0.31; Jul 1, 2026 $0.32; Aug 3, 2026 $0.64; Sep 1, 2026 $0.32; Oct 1, 2026 $0.31. Use the arrow keys to read each point.$0$0.502026YTD

USOY vs YLDE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
USOY 30.9%since Jun 2024YLDE 10.3%
Return per unit of riskSharpe ratio, 3 years
USOY 0.79since Jun 2024YLDE 1.24
Worst fallMax drawdown, 5 years
USOY −25.5%since May 2024YLDE −20.2%
Market sensitivityBeta, 5 years
USOY −0.56YLDE 0.60

USOY and YLDE in the news

All news⁠

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