Which paid more, USOY or XLBI?

Over the year to Nov 4, 2026, USOY paid 51.6% of its starting price in cash and XLBI paid 15.9%, so USOY paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, USOY or XLBI?

With every distribution reinvested, USOY returned +56.0% and XLBI +18.5% over the year to Nov 4, 2026.

Which is cheaper, USOY or XLBI?

USOY charges 1.12% a year and XLBI charges 0.35%, so XLBI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

USOY vs XLBI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, USOY paid 51.6% of its price in cash against XLBI’s 15.9%, and returned more with it reinvested.

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Net assets: $79m on Nov 3, 2026 for Defiance Oil Enhanced Options Income ETF, and $9.4m on Nov 2, 2026 for State Street Materials Select Sector SPDR Premium Income ETF.

USOY on its own →XLBI on its own →

At a glance

51.6%

USOY cash paid, 1 year

15.9%

XLBI cash paid, 1 year

+56.0%

USOY total return, 1 year

+18.5%

XLBI total return, 1 year

USOY · 1 year to Nov 4, 2026 46.2 pts behind USO

USOY

+56.0%

USO

+102.2%

46.2 pts behind USO

USOY over 1 year: paid 51.6%, price −4.8%, total +56.0%, USO +102.2%, −46.2 pts. Data to Nov 4, 2026.

USO

+102.2%

USOY

+56.0%

51.6% of it arrived as cash

46.2 pts behind USO

Total return, distributions reinvested

46.2 pts behind USO

USOY over 1 year: paid 51.6%, price −4.8%, total +56.0%, USO +102.2%, −46.2 pts. Data to Nov 4, 2026.

USO

+102.2%

USOY

+56.0%

46.2 pts behind USO

51.6% of it arrived as cash. Total return, distributions reinvested. USOY over 1 year: paid 51.6%, price −4.8%, total +56.0%, USO +102.2%, −46.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

XLBI · 1 year to Nov 4, 2026 11 pts behind XLB

XLBI

+18.5%

XLB

+29.5%

11 pts behind XLB

XLBI over 1 year: paid 15.9%, price +1.6%, total +18.5%, XLB +29.5%, −11.0 pts. Data to Nov 4, 2026.

XLB

+29.5%

XLBI

+18.5%

15.9% cash

11 pts behind XLB

Total return, distributions reinvested

11 pts behind XLB

XLBI over 1 year: paid 15.9%, price +1.6%, total +18.5%, XLB +29.5%, −11.0 pts. Data to Nov 4, 2026.

XLB

+29.5%

XLBI

+18.5%

11 pts behind XLB

15.9% of it arrived as cash. Both charts share one scale, with zero at the line. XLBI over 1 year: paid 15.9%, price +1.6%, total +18.5%, XLB +29.5%, −11.0 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

XLBI costs 0.77 points a year less; their one-year returns differ by 37.5 points; USOY is 8.1 times larger.

Points (pts) are percentage points.

USOY vs XLBI: Dividend Yield & Total Return
Measure	USOY	XLBI
Paid and earned
Measure	USOY	XLBI
Total return, 1 year	+56.0%	+18.5%
Price change, 1 year	fell 4.8%	rose 1.6%
Return of capital, issuer estimate	96% of the Oct 30, 2026 payment	100% of the Nov 5, 2026 payment
Against its benchmark
Measure	USOY	XLBI
Benchmark	United States Oil Fund, LP, measured through USO	Materials, measured through XLB
Against its benchmark, same days	behind by 46.2 pts	behind by 11.0 pts
Cost and size
Measure	USOY	XLBI
Expense ratio	1.12%	0.35%
Net assets, as of Nov 3, 2026	$79m	$9.8m
Holdings
Measure	USOY	XLBI
Holdings in common	0%

ETFIQ Distribution Coverage Score · XLBI scores higher How much of what it paid out did its total return cover?

IQ Income Score63.8USOY69.2XLBI

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

USOY 63.8

XLBI 69.2

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

By the books each fund has filed, USOY and XLBI hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first USOY XLBI

Only in one fund ↓

Only in USOY

US TREASURY N/B 18.88%

Only in XLBI

STATE STREET MATERIALS SELECT 103.82%

STATE STREET MATERIALS SELECT NOV26 55 CALL -0.03%

STATE STREET MATERIALS SELECT NOV26 53 CALL -0.19%

STATE STREET MATERIALS SELECT NOV26 51 CALL -3.71%

Check overlap with more funds →

Side by side

USOY Defiance Oil Enhanced Options Income ETF · Option income on USO, paying weekly XLBI State Street Materials Select Sector SPDR Premium Income ETF · Covered call on XLB, paying monthly

Issuer Defiance State Street

Strategy option income covered call

Benchmark United States Oil Fund, LP (USO) Materials (XLB)

Pays weekly monthly

Payout rate, annualized 50.6% 17.2%

Expense ratio 1.12% 0.35%

Cash paid, 1 year 51.6% 15.9%

Price change, 1 year −4.8% +1.6%

Total return, 1 year +56.0% +18.5%

Benchmark return, 1 year +102.2% +29.5%

Ahead or behind −46.2 pts −11.0 pts

Return of capital, latest estimate 96% 100%

Age 2.5 years 1.3 years

Net assets, USOY as of Nov 3, 2026 and XLBI as of Nov 2, 2026 $79m $9.4m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: USOY vs XLBI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	USOY	XLBI	USOY	XLBI	USOY	XLBI
3 months	+14.8%	+0.8%	12.6%	3.6%	−11.8 pts	−2.0 pts
6 months	+1.8%	+3.4%	20.9%	6.7%	−6.8 pts	−0.3 pts
1 year	+56.0%	+18.5%	51.6%	15.9%	−46.1 pts	−11.0 pts
Since launchNot the same days: USOY May 2024 · XLBI Jul 2025	+55.7%	+16.4%	83.8%	18.9%	−37.4 pts	−7.7 pts

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About each fund

USOY

Over the year to Nov 4, 2026, USOY paid 51.6% of its starting value in cash distributions while its price fell 4.8%. With every distribution reinvested, the fund returned +56.0%. United States Oil Fund, LP (USO) returned +102.2% over the same days, so a holder was behind by 46.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 50.6%, paid weekly. Defiance estimates that 96% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

XLBI

Over the year to Nov 4, 2026, XLBI paid 15.9% of its starting value in cash distributions while its price rose 1.6%. With every distribution reinvested, the fund returned +18.5%. Materials (XLB) returned +29.5% over the same days, so a holder was behind by 11.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 17.2%, paid monthly. State Street estimates that 100% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, USOY or XLBI?: Over the year to Nov 4, 2026, USOY paid 51.6% of its starting price in cash and XLBI paid 15.9%, so USOY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, USOY or XLBI?: With every distribution reinvested, USOY returned +56.0% and XLBI +18.5% over the year to Nov 4, 2026.
Which is cheaper, USOY or XLBI?: USOY charges 1.12% a year and XLBI charges 0.35%, so XLBI is cheaper. Fees come from each fund's prospectus.

Other comparisons

USOY vs XLFI USOY vs HAKY USOY vs WEPN USOY vs XLII XLBI vs AIPI XLBI vs XLUI XLBI vs WEEI XLBI vs XLEI

Where to next

United States Oil Fund →Materials (XLB) →USOY on its own →XLBI on its own →USOY dividend history →USOY holdings →XLBI dividend history →XLBI holdings →Method →Standards and sources →

Sources and dates

USOY filings on SEC EDGAR ↗

USOY prospectus with the expense ratio (SEC) ↗

USOY 19a-1 distribution notice ↗

Defiance page for USOY ↗

XLBI filings on SEC EDGAR ↗

XLBI prospectus with the expense ratio (SEC) ↗

XLBI 19a-1 distribution notice ↗

State Street website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, USOY against XLBI, data as of Nov 4, 2026. https://etfiq.com/compare/income/usoy-vs-xlbi

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.