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USOY Defiance Oil Enhanced Options Income ETF

Option income on XLE, paying weekly

Over the year to Sep 18, 2026, USOY paid 47.6% in cash and finished 11.6 points ahead of XLE.

Defiance · Income ETFs · data as of

Key facts

47.6%Cash paid, 1 year, on its starting price
+59.4%Total return, 1 year
+11.6 ptsAgainst XLE
94.5%Return of capital, latest payout (Defiance estimate)

Method

ETFIQ Return Stability Score

69.930th of 173

USOY paid 47.6% in cash. Its price fell 4.8%, so 10% of what you were paid came back out of your own capital.

Was the payout funded by returns, or by your own capital?

Against its benchmark
MLPD −35.8 ptsMDST −28.6 ptsEIPI −26.8 ptsBLOX −26.6 ptsYQQQ −25.3 ptsULTY −24.3 ptsSLTY −22.7 ptsGDXY −21.4 ptsTDVI −20.9 ptsTOPW −19.8 ptsHIGH −18.8 ptsACKY −17.9 ptsYMAX −16.8 ptsHISF −16.4 ptsNDIV −16.4 ptsSDVD −16.4 ptsWEEI −15.8 ptsOARK −15.2 ptsFDND −14.1 ptsSCLZ −14.0 ptsLFGY −13.6 ptsXLRI −13.6 ptsTCAL −13.5 ptsQRMI −13.3 ptsSLJY −13.2 ptsYYY −13.2 ptsYFYA −13.1 ptsHIPS −12.8 ptsJULH −12.1 ptsRNTY −12.0 ptsXLKI −12.0 ptsXBTY −11.8 ptsQUSA −11.7 ptsJULJ −11.5 ptsLJUL −11.5 ptsJANJ −11.4 ptsLJAN −11.4 ptsFGSI −11.3 ptsLOCT −11.2 ptsQLDY −11.2 ptsOCTJ −11.1 ptsCVRD −11.0 ptsIWMY −10.9 ptsJUCY −10.9 ptsAPRJ −10.5 ptsLAPR −10.5 ptsXISE −10.5 ptsXIJN −10.3 ptsAPRH −10.1 ptsJANH −10.1 ptsXIDE −10.1 ptsXLEI −10.0 ptsOCTH −9.9 ptsJEPI −9.5 ptsAIPI −9.4 ptsMAGY −9.4 ptsBAGY −9.2 ptsXIMR −9.1 ptsSRHR −8.8 ptsBUYW −8.1 ptsRDVI −8.0 ptsIAUI −7.7 ptsOVLH −7.5 ptsVEGA −7.2 ptsXV −7.1 ptsYBTC −7.1 ptsFTHI −6.9 ptsBITY −6.7 ptsXLVI −6.7 ptsXRMI −6.3 ptsIGLD −6.2 ptsFEPI −6.1 ptsYLDE −6.0 ptsGPTY −5.7 ptsKHPI −5.5 ptsQQQI −5.3 ptsSPIN −5.2 ptsTYLG −5.2 ptsSPUT −5.1 ptsETCO −4.8 ptsWTPI −4.6 ptsCAIE −4.1 ptsIQQQ −4.1 ptsPAPI −3.8 ptsBIGY −3.6 ptsJEPQ −3.2 ptsXLBI −3.2 ptsISPY −3.1 ptsIWMW −3.0 ptsWEEL −2.3 ptsGIAX −2.1 ptsDIVO −2.0 ptsKNG −1.6 ptsQDTY −1.6 ptsDFII −1.5 ptsRDTY −1.5 ptsTSPY −1.5 ptsYMAG −1.5 ptsBTCC −1.4 ptsNBOS −1.4 ptsNIHI −1.4 ptsEGGY −1.2 ptsSPYI −1.2 ptsRYLD −1.1 ptsRYLG −1.0 ptsXDTE −1.0 ptsXPAY −0.9 ptsSDTY −0.8 ptsWDTE −0.8 ptsJOYT −0.7 ptsQDTE −0.7 ptsKGLD −0.6 ptsQQQY −0.6 ptsRDTE −0.6 ptsTHTA −0.6 ptsXLII −0.6 ptsFTKI −0.5 ptsGPIQ −0.4 ptsFTQI −0.3 ptsSIXH −0.3 ptsDJIA +0.2 ptsLTTI +0.2 ptsDYLG +0.3 ptsGPIX +0.4 ptsXLFI +0.4 ptsQYLG +0.5 ptsHYBI +0.6 ptsHYTI +0.6 ptsIVVW +0.6 ptsLQTI +0.6 ptsXYLG +0.7 ptsTDAQ +1.0 ptsIWMI +1.1 ptsQYLD +1.2 ptsCSHI +1.3 ptsTLTX +1.3 ptsXYLD +1.4 ptsHYGW +1.5 ptsHYBL +1.6 ptsBNDI +1.7 ptsOVS +1.7 ptsPBP +1.9 ptsTLTI +1.9 ptsXLUI +1.9 ptsBALI +2.0 ptsBTCI +2.0 ptsCHPY +2.3 ptsOVB +2.3 ptsOVT +2.3 ptsYBIT +2.3 ptsITWO +2.4 ptsOVL +2.6 ptsYETH +2.8 ptsOVM +2.9 ptsTLTP +3.0 ptsSOXY +3.5 ptsDUBS +3.7 ptsLQDW +3.8 ptsXLYI +4.1 ptsTLTW +4.2 ptsOVF +4.5 ptsDOGG +4.6 ptsOMAH +4.9 ptsIDVO +5.2 ptsSEPI +5.2 ptsBCCC +5.9 ptsCEPI +6.0 ptsIDUB +7.2 ptsXLCI +7.9 ptsBUCK +9.6 ptsXLSI +12.5 ptsKLIP +22.5 ptsUSOY +11.6 ptsUSOY +11.6 pts−35.8 pts+22.5 pts

98.6% of the 173 sit at or below USOY on this measure.

What happened to the principal
ETCO −75.5%XBTY −74.1%YETH −66.4%YBTC −60.1%BTCC −59.1%YBIT −58.9%BAGY −57.9%ULTY −54.1%BITY −51.5%SLTY −51.5%BCCC −48.5%BTCI −47.0%LFGY −44.7%DFII −43.7%BLOX −40.9%YMAX −40.7%TOPW −37.7%OARK −34.0%GDXY −33.1%KLIP −32.5%YMAG −28.1%YQQQ −25.7%MAGY −25.3%IWMY −24.9%CEPI −22.5%RDTY −21.8%RDTE −21.4%QLDY −20.3%QDTE −19.2%TLTX −18.5%EGGY −16.2%XLYI −15.5%ACKY −15.1%WDTE −14.8%QDTY −14.0%AIPI −13.8%TLTP −13.4%XDTE −13.4%QQQY −13.2%LTTI −12.6%XLUI −11.3%QUSA −11.0%SDTY −10.8%GIAX −10.5%FEPI −10.0%TLTW −9.9%LQTI −9.7%XLRI −9.4%TLTI −9.1%LQDW −8.8%XLCI −8.8%XV −8.8%YYY −8.8%TCAL −8.6%HIGH −8.3%FDND −8.2%GPTY −8.1%IGLD −7.9%RNTY −7.3%HIPS −7.0%HYTI −6.8%XLSI −6.5%OMAH −6.3%XLBI −6.3%IWMW −6.2%XLFI −6.2%HYGW −6.0%XPAY −5.8%HYBI −5.5%OVB −5.0%BNDI −4.9%HISF −4.7%OVT −4.3%QRMI −3.8%OVM −3.6%FGSI −3.2%HYBL −2.8%CAIE −2.5%JUCY −2.5%XRMI −2.4%BUCK −2.2%CVRD −2.2%MLPD −2.1%IAUI −2.0%IVVW −2.0%YFYA −1.7%JEPI −1.2%XLII −1.2%XIJN −0.9%WTPI −0.8%JULJ −0.6%XISE −0.6%CSHI −0.4%JULH −0.4%KNG −0.4%BIGY −0.3%LJUL −0.3%QQQI −0.1%TSPY −0.1%JANH 0.0%JANJ 0.0%LAPR 0.0%OCTH 0.0%XIDE 0.0%APRJ +0.1%LJAN +0.1%LOCT +0.1%OCTJ +0.1%APRH +0.3%FTHI +0.3%XIMR +0.5%WEEL +0.7%SRHR +1.0%SDVD +1.2%SPYI +1.2%IWMI +1.3%KHPI +1.5%BUYW +2.1%DJIA +2.4%QYLG +2.4%XYLG +2.6%YLDE +2.6%NIHI +2.8%RYLD +2.9%KGLD +3.4%TDAQ +3.4%DYLG +3.5%FTKI +3.8%XLVI +4.0%SCLZ +4.1%THTA +4.1%RYLG +4.2%PAPI +4.5%XLKI +4.6%PBP +5.5%JEPQ +5.7%SPIN +5.8%XYLD +5.9%NBOS +6.0%SPUT +6.0%DIVO +7.3%GPIX +7.4%ISPY +7.6%DOGG +8.0%FTQI +8.0%MDST +8.2%TDVI +8.2%OVF +8.3%OVS +8.5%OVLH +8.8%VEGA +8.9%QYLD +9.1%BALI +9.2%GPIQ +9.3%OVL +9.4%RDVI +9.6%ITWO +10.5%IQQQ +10.8%SLJY +12.3%EIPI +12.8%XLEI +12.8%SEPI +13.4%SIXH +14.1%IDVO +14.4%JOYT +15.2%WEEI +17.3%IDUB +17.4%DUBS +17.6%NDIV +20.4%CHPY +20.6%TYLG +20.6%SOXY +64.1%USOY −4.8%USOY −4.8%−75.5%+64.1%

41.3% of the 173 sit at or below USOY on this measure.

Weighted evenly, those two positions are what the score combines, across the 173 income ETFs writing on an index or proxy. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

What the score is computed from
What it measuresThis fundIts percentileWeight
against its benchmark+11.6 pts98.650%
what happened to the principal−4.8%41.350%

All income ETFs ranked by this score · How it is computed

1st of 7 income ETFs writing on XLE, by return against it

What a holder got

USOY against XLEUSOY returned +59.4% with distributions reinvested against +47.8% for Energy sector (XLE), used as the energy proxy, a gap of +11.6 pts. Of that, 47.6% arrived as cash rather than price.+59.4%USOY total return+47.8%Energy sector (XLE), used as the energy proxy47.6% of it arrived as cash

Over the year to Sep 18, 2026, USOY returned +59.4% with distributions reinvested and Energy sector (XLE), used as the energy proxy returned +47.8%, so a holder came out ahead of it by 11.6 points. The lighter segment is the 47.6% that arrived as cash rather than as price.

Method

Period by period

USOY over each window to Sep 18, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnXLEAhead or behind
3 months11.6%+9.3%+22.6%+20.4%+2.1 pts
6 months21.4%−13.3%+10.5%+9.9%+0.6 pts
1 year47.6%−4.8%+59.4%+47.8%+11.6 pts
Since launch81.9%−61.3%+67.0%+47.1%+19.9 pts

Method

When USOY pays

USOY pays weekly. The last distribution was $0.0695 a share, which went ex on Sep 17, 2026 and was paid on Sep 18, 2026. The next has not been declared. On its own cadence of about 7 days the ex-date falls near Sep 24, 2026; that date is an ETFIQ projection, not the issuer’s.

Expected distributions for USOY. Where the basis is a projection, ETFIQ has carried the fund’s own spacing forward from its last ex-date and held the amount at the last one paid; neither is an issuer statement. Source: ETFIQ.
Ex-datePay dateAmountBasis
Sep 24, 2026Sep 25, 2026$0.0695ETFIQ projection
Oct 1, 2026Oct 2, 2026$0.0695ETFIQ projection
Oct 8, 2026Oct 9, 2026$0.0695ETFIQ projection
Oct 15, 2026Oct 16, 2026$0.0695ETFIQ projection
Oct 22, 2026Oct 23, 2026$0.0695ETFIQ projection
Oct 29, 2026Oct 30, 2026$0.0695ETFIQ projection
Every distribution ETFIQ holds for USOY (13, most recent first)
Cash distributions per share for USOY. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Sep 17, 2026$0.0695
Sep 10, 2026$0.0649
Sep 3, 2026$0.0638
Aug 27, 2026$0.0589
Aug 20, 2026$0.0618
Aug 13, 2026$0.0682
Aug 6, 2026$0.0642
Jul 30, 2026$0.0666
Jul 23, 2026$0.0702
Jul 16, 2026$0.0549
Jul 9, 2026$0.0511
Jul 2, 2026$0.0609
Jun 25, 2026$0.0635

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on May 10, 2024, USOY has returned +67.0% with distributions reinvested, against +47.1% for Energy sector (XLE), used as the energy proxy, and has paid out 81.9% of its starting value in cash along the way. It pays weekly, and at its current price the latest distribution annualizes to 46.8%. Defiance estimates that 95% of the distribution paid Sep 18, 2026 was a return of capital. That is the issuer’s own Rule 19a-1 estimate and a tax characterization, made before the fund year closes: it says the payment included money the fund gave back rather than earned, not that the fund is eroding.

USOY (Defiance Oil Enhanced Options Income ETF), income ETFs fields as of Sep 18, 2026. Source: ETFIQ.
Strategyoption income
BenchmarkEnergy sector (XLE), used as the energy proxy (proxy)
Paysweekly
Net assets (the issuer’s own daily fund list, as of Sep 18, 2026)$75m
Latest payout, annualized (ETFIQ)46.8%
Expense ratio (485BPOS XBRL, Dec 22, 2025)1.12%
Cash paid, last 12 months, over today’s price (ETFIQ)50.0%
LaunchedMay 10, 2024
Return of capital, latest distribution (Defiance 19a-1 estimate)94.5%
Paysweekly
Typical gap between ex-dates7 days
Typical wait from ex-date to payment1 day
Last paid, per share$0.0695 ex Sep 17, 2026
Sum of the last 12 distributions$0.755

Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed

Questions people ask

How much has USOY paid over the last year?
Over the year to Sep 18, 2026, USOY paid 47.6% of its starting price in cash distributions, while the price fell 4.8%.
Is USOY ahead of XLE?
Over the year to Sep 18, 2026, with every distribution reinvested, USOY returned +59.4% against +47.8% for Energy sector (XLE), used as the energy proxy, so a holder was ahead of it by 11.6 points.
How often does USOY pay, and how much?
USOY pays weekly. The latest distribution annualizes to 46.8% at its price on Sep 18, 2026, which is not a promise; the next one can differ.
Is the USOY distribution return of capital?
Defiance estimates 95% of the distribution paid Sep 18, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.
When does USOY next pay a distribution?
USOY pays weekly. The last distribution went ex on Sep 17, 2026 at $0.0695 a share. The next is not declared; on a cadence of about 7 days the ex-date falls near Sep 24, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 1 day.
What does USOY cost?
The prospectus expense ratio is 1.12% a year.

The words on this page

Total return
What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.

Every term used here, defined in full on the income ETFs vocabulary page.

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.

Compare USOY

Also against FINY, GPTY, HAKY, MDST, MLPD, NDIV, NUKX, SEMY, SOXY, TDVI, TECY, TYLG, WEEI, WEPN, XLBI, XLCI, XLEI, XLFI, XLII, XLKI, XLSI, XLUI, XLVI, XLYI, YRAM.

Funds near this one

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USOY payout bar, ETFIQ

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Where USOY is written about

USOY, Income ETFs, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
Use this data, or open the live card

Open USOY live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, USOY, income ETFs, data as of Sep 18, 2026. https://etfiq.com/funds/usoy Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources