Data as of .
USOY vs XLVI: which paid, and which earned it?
Over the year USOY paid 47.6% of its price in cash against XLVI’s 13.0%, and returned more with it reinvested.
ETFIQ Return Stability Score: USOY scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, USOY and XLVI hold 0% of their money in the same securities at the same weight.
| Only in USOY | Only in XLVI |
|---|---|
| TREASURY BILL 41.16% | STATE STREET HEALTH CARE SELEC 100.46% |
| TREASURY BILL 25.51% | SSI US GOV MONEY MARKET CLASS 0.40% |
| TREASURY BILL 23.15% | STATE STREET HEALTH CARE SELEC OCT26 173 CALL -0.02% |
| TREASURY BILL 8.37% | STATE STREET HEALTH CARE SELEC OCT26 170 CALL -0.04% |
| TREASURY BILL 1.80% | STATE STREET HEALTH CARE SELEC OCT26 172 CALL -0.80% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| USOY | XLVI | USOY | XLVI | USOY | XLVI | |
| 3 months | +22.6% | +6.9% | 11.6% | 3.1% | +2.1 pts | −6.3 pts |
| 6 months | +10.5% | +12.2% | 21.4% | 6.4% | +0.6 pts | −4.6 pts |
| 1 year | +59.4% | +17.9% | 47.6% | 13.0% | +11.6 pts | −6.7 pts |
| Since launch | +67.0% | +21.1% | 81.9% | 14.7% | +19.9 pts | −6.5 pts |
| USOY Defiance Oil Enhanced Options Income ETF Option income on XLE, paying weekly | XLVI State Street(R) Health Care Select Sector SPDR(R) Premium Income ETF Covered call on XLV, paying monthly | |
|---|---|---|
| Issuer | Defiance | State Street |
| Strategy | option income | covered call |
| Benchmark | Energy sector (XLE), used as the energy proxy | Health care sector (XLV) |
| Pays | weekly | monthly |
| Payout rate, annualized | 46.8% | 13.1% |
| Expense ratio | 1.12% | 0.35% |
| Cash paid, 1 year | 47.6% | 13.0% |
| Price change, 1 year | −4.8% | +4.0% |
| Total return, 1 year | +59.4% | +17.9% |
| Benchmark return, 1 year | +47.8% | +24.6% |
| Ahead or behind | +11.6 pts | −6.7 pts |
| Return of capital, latest estimate | 95% | not published |
| Age | 861 days | 415 days |
| Net assets | $75m | $27m |
USOY in plain words
Over the year to Sep 18, 2026, USOY paid 47.6% of its starting value in cash distributions while its price fell 4.8%. With every distribution reinvested, the fund returned +59.4%. Energy sector (XLE), used as the energy proxy returned +47.8% over the same days, so a holder was ahead by 11.6 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 46.8%, paid weekly. Defiance estimates that 95% of the distribution paid Sep 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
XLVI in plain words
Over the year to Sep 18, 2026, XLVI paid 13.0% of its starting value in cash distributions while its price rose 4.0%. With every distribution reinvested, the fund returned +17.9%. Health care sector (XLV) returned +24.6% over the same days, so a holder was behind by 6.7 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 13.1%, paid monthly.
Questions people ask
- Which paid more, USOY or XLVI?
- Over the year to Sep 18, 2026, USOY paid 47.6% of its starting price in cash and XLVI paid 13.0%, 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 XLVI?
- With every distribution reinvested, USOY returned +59.4% and XLVI returned +17.9% over the year to Sep 18, 2026, so USOY returned more.
- Which is cheaper, USOY or XLVI?
- USOY charges 1.12% a year and XLVI charges 0.35%, so XLVI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, USOY against XLVI, data as of Sep 18, 2026. https://etfiq.com/compare/income/usoy-vs-xlvi Free to use with attribution; the underlying files are at Open data.