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Data as of Nov 4, 2026.

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Income ETFs

USOY vs XLUI: 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 XLUI’s 14.1%, 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 $69m for State Street Utilities Select Sector SPDR Premium Income ETF.

USOY on its own →XLUI on its own →
At a glance
51.6%
USOY cash paid, 1 year
14.1%
XLUI cash paid, 1 year
+56.0%
USOY total return, 1 year
+5.6%
XLUI 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.
XLUI · 1 year to Nov 4, 2026 4.6 pts ahead of XLU
XLUI
+5.6%
XLU
+1.0%

4.6 pts ahead of XLU

XLUI over 1 year: paid 14.1%, price −8.9%, total +5.6%, XLU +1.0%, +4.6 pts. Data to Nov 4, 2026.

XLU

+1.0%

XLUI

+5.6%

4.6 pts ahead of XLU

Total return, distributions reinvested

4.6 pts ahead of XLU

XLUI over 1 year: paid 14.1%, price −8.9%, total +5.6%, XLU +1.0%, +4.6 pts. Data to Nov 4, 2026.

XLU

+1.0%

XLUI

+5.6%

4.6 pts ahead of XLU

14.1% of it arrived as cash. Both charts share one scale, with zero at the line. XLUI over 1 year: paid 14.1%, price −8.9%, total +5.6%, XLU +1.0%, +4.6 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

XLUI costs 0.77 points a year less; their one-year returns differ by 50.4 points; USOY is 1.1 times larger.

Points (pts) are percentage points.

USOY vs XLUI: Dividend Yield & Total Return
MeasureUSOYXLUI
Paid and earned
Total return, 1 year+56.0%+5.6%
Price change, 1 yearfell 4.8%fell 8.9%
Return of capital, issuer estimate96% of the Oct 30, 2026 payment100% of the Nov 5, 2026 payment
Against its benchmark
BenchmarkUnited States Oil Fund, LP, measured through USOUtilities sector, measured through XLU
Cost and size
Expense ratio1.12%0.35%
Net assets, as of Nov 3, 2026$79m$69m
Holdings
Holdings in common0%
ETFIQ Distribution Coverage Score · USOY scores higher How much of what it paid out did its total return cover?
IQ Income Score63.8USOY33.2XLUI

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

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

0%

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

0 half 100%

half

0% in common

Positions both hold · largest shared weight first USOY XLUI
Only in one fund ↓
Only in USOY
US TREASURY N/B 18.88%
Only in XLUI
STATE STREET UTILITIES SELECT 102.24%
STATE STREET UTILITIES SELECT NOV26 44.5 CALL -0.01%
STATE STREET UTILITIES SELECT NOV26 44 CALL -0.03%
STATE STREET UTILITIES SELECT NOV26 43.5 CALL -0.07%
STATE STREET UTILITIES SELECT NOV26 42.5 CALL -0.08%
STATE STREET UTILITIES SELECT NOV26 43 CALL -2.05%
Check overlap with more funds →

Side by side

USOY Defiance Oil Enhanced Options Income ETF · Option income on USO, paying weekly XLUI State Street Utilities Select Sector SPDR Premium Income ETF · Covered call on XLU, paying monthly
Issuer Defiance State Street
Strategy option income covered call
Benchmark United States Oil Fund, LP (USO) Utilities sector (XLU)
Pays weekly monthly
Payout rate, annualized 50.6% 14.9%
Expense ratio 1.12% 0.35%
Cash paid, 1 year 51.6% 14.1%
Price change, 1 year −4.8% −8.9%
Total return, 1 year +56.0% +5.6%
Benchmark return, 1 year +102.2% +1.0%
Ahead or behind −46.2 pts +4.6 pts
Return of capital, latest estimate 96% 100%
Age 2.5 years 1.3 years
Net assets, as of Nov 3, 2026 $79m $69m

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 XLUI: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowUSOYXLUIUSOYXLUIUSOYXLUI
3 months+14.8%+1.2%12.6%3.9%−11.8 pts+0.5 pts
6 months+1.8%−0.9%20.9%6.8%−6.8 pts+2.4 pts
1 year+56.0%+5.6%51.6%14.1%−46.1 pts+4.6 pts
Since launchNot the same days: USOY May 2024 · XLUI Jul 2025+55.7%+8.1%83.8%17.5%−37.4 pts+2.1 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.

XLUI

Over the year to Nov 4, 2026, XLUI paid 14.1% of its starting value in cash distributions while its price fell 8.9%. With every distribution reinvested, the fund returned +5.6%. Utilities sector (XLU) returned +1.0% over the same days, so a holder was ahead by 4.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 14.9%, 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 XLUI?
Over the year to Nov 4, 2026, USOY paid 51.6% of its starting price in cash and XLUI paid 14.1%, 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 XLUI?
With every distribution reinvested, USOY returned +56.0% and XLUI +5.6% over the year to Nov 4, 2026.
Which is cheaper, USOY or XLUI?
USOY charges 1.12% a year and XLUI charges 0.35%, so XLUI is cheaper. Fees come from each fund's prospectus.
Other comparisons
USOY vs SOXYUSOY vs WEEIUSOY vs XLYIUSOY vs GPTYXLUI vs XLYIXLUI vs XLVIXLUI vs MDSTXLUI vs AIPI
Where to next
United States Oil Fund →Utilities sector (XLU) →USOY on its own →XLUI on its own →USOY dividend history →USOY holdings →XLUI dividend history →XLUI 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 ↗
XLUI filings on SEC EDGAR ↗
XLUI prospectus with the expense ratio (SEC) ↗
XLUI 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 XLUI, data as of Nov 4, 2026. https://etfiq.com/compare/income/usoy-vs-xlui

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