Which paid more, USOY or XLFI?

Over the year to Nov 4, 2026, USOY paid 51.6% of its starting price in cash and XLFI paid 10.7%, 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 XLFI?

With every distribution reinvested, USOY returned +56.0% and XLFI +8.1% over the year to Nov 4, 2026.

Which is cheaper, USOY or XLFI?

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

Data as of Nov 4, 2026.

Income ETFs

USOY vs XLFI: 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 XLFI’s 10.7%, and returned more with it reinvested.

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Net assets on Nov 3, 2026: $79m for Defiance Oil Enhanced Options Income ETF and $13m for State Street Financial Select Sector SPDR Premium Income ETF.

USOY on its own →XLFI on its own →

At a glance

51.6%

USOY cash paid, 1 year

10.7%

XLFI cash paid, 1 year

+56.0%

USOY total return, 1 year

+8.1%

XLFI 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.

XLFI · 1 year to Nov 4, 2026 6.6 pts behind XLF

XLFI

+8.1%

XLF

+14.7%

6.6 pts behind XLF

XLFI over 1 year: paid 10.7%, price −3.2%, total +8.1%, XLF +14.7%, −6.6 pts. Data to Nov 4, 2026.

XLF

+14.7%

XLFI

+8.1%

6.6 pts behind XLF

Total return, distributions reinvested

6.6 pts behind XLF

XLFI over 1 year: paid 10.7%, price −3.2%, total +8.1%, XLF +14.7%, −6.6 pts. Data to Nov 4, 2026.

XLF

+14.7%

XLFI

+8.1%

6.6 pts behind XLF

10.7% of it arrived as cash. Both charts share one scale, with zero at the line. XLFI over 1 year: paid 10.7%, price −3.2%, total +8.1%, XLF +14.7%, −6.6 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

XLFI costs 0.77 points a year less; their one-year returns differ by 47.9 points; USOY is 6.1 times larger.

Points (pts) are percentage points.

USOY vs XLFI: Dividend Yield & Total Return
Measure	USOY	XLFI
Paid and earned
Measure	USOY	XLFI
Total return, 1 year	+56.0%	+8.1%
Price change, 1 year	fell 4.8%	fell 3.2%
Return of capital, issuer estimate	96% of the Oct 30, 2026 payment	100% of the Nov 5, 2026 payment
Against its benchmark
Measure	USOY	XLFI
Benchmark	United States Oil Fund, LP, measured through USO	Financials sector, measured through XLF
Cost and size
Measure	USOY	XLFI
Expense ratio	1.12%	0.35%
Net assets, as of Nov 3, 2026	$79m	$13m
Holdings
Measure	USOY	XLFI
Holdings in common	0%

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

IQ Income Score63.8USOY45.8XLFI

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

XLFI 45.8

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 XLFI 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 XLFI

Only in one fund ↓

Only in USOY

US TREASURY N/B 18.88%

Only in XLFI

STATE STREET FINANCIAL SELECT 102.90%

STATE STREET FINANCIAL SELECT NOV26 58 CALL -0.06%

STATE STREET FINANCIAL SELECT NOV26 57.5 CALL -0.11%

STATE STREET FINANCIAL SELECT NOV26 57 CALL -0.18%

STATE STREET FINANCIAL SELECT NOV26 56 CALL -2.55%

Check overlap with more funds →

Side by side

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

Issuer Defiance State Street

Strategy option income covered call

Benchmark United States Oil Fund, LP (USO) Financials sector (XLF)

Pays weekly monthly

Payout rate, annualized 50.6% 11.0%

Expense ratio 1.12% 0.35%

Cash paid, 1 year 51.6% 10.7%

Price change, 1 year −4.8% −3.2%

Total return, 1 year +56.0% +8.1%

Benchmark return, 1 year +102.2% +14.7%

Ahead or behind −46.2 pts −6.6 pts

Return of capital, latest estimate 96% 100%

Age 2.5 years 1.3 years

Net assets, as of Nov 3, 2026 $79m $13m

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 XLFI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	USOY	XLFI	USOY	XLFI	USOY	XLFI
3 months	+14.8%	−0.3%	12.6%	2.3%	−11.8 pts	−2.7 pts
6 months	+1.8%	+9.0%	20.9%	5.0%	−6.8 pts	−6.0 pts
1 year	+56.0%	+8.1%	51.6%	10.7%	−46.1 pts	−6.6 pts
Since launchNot the same days: USOY May 2024 · XLFI Jul 2025	+55.7%	+10.5%	83.8%	14.1%	−37.4 pts	−4.0 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.

XLFI

Over the year to Nov 4, 2026, XLFI paid 10.7% of its starting value in cash distributions while its price fell 3.2%. With every distribution reinvested, the fund returned +8.1%. Financials sector (XLF) returned +14.7% over the same days, so a holder was behind by 6.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 11.0%, 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 XLFI?: Over the year to Nov 4, 2026, USOY paid 51.6% of its starting price in cash and XLFI paid 10.7%, 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 XLFI?: With every distribution reinvested, USOY returned +56.0% and XLFI +8.1% over the year to Nov 4, 2026.
Which is cheaper, USOY or XLFI?: USOY charges 1.12% a year and XLFI charges 0.35%, so XLFI is cheaper. Fees come from each fund's prospectus.

Other comparisons

USOY vs FINY USOY vs XLSI USOY vs MLPD USOY vs XLCI XLFI vs WEEI XLFI vs XLEI XLFI vs MDST XLFI vs AIPI

Where to next

United States Oil Fund →Financials sector (XLF) →USOY on its own →XLFI on its own →USOY dividend history →USOY holdings →XLFI dividend history →XLFI 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 ↗

XLFI filings on SEC EDGAR ↗

XLFI prospectus with the expense ratio (SEC) ↗

XLFI 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.

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

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