DIVP vs. SOXY

Last updated Aug 2, 2026

DIVP (Cullen Enhanced Equity Income ETF) and SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, DIVP returned 16.90% vs 93.60% for SOXY. Their 0.15 correlation means their historical movements had little consistent relationship. DIVP charges 0.55%/yr vs 1.06%/yr for SOXY.

Performance

DIVP vs. SOXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cullen Enhanced Equity Income ETF (DIVP) and YieldMax Target 12™ Semiconductor Option Income ETF (SOXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVP achieves a 11.96% return, which is significantly lower than SOXY's 58.34% return.

DIVP

• 1D: 0.00%
• 1M: 0.66%
• 6M: 7.47%
• YTD: 11.96%
• 1Y: 16.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.46%

SOXY

• 1D: 0.60%
• 1M: -12.01%
• 6M: 42.45%
• YTD: 58.34%
• 1Y: 93.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 58.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DIVP Cullen Enhanced Equity Income ETF	$154.54K	$147.79K	$276.47K
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	$2.13M	$2.44M	$2.09M

DIVP vs. SOXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DIVP Cullen Enhanced Equity Income ETF	11.96%	7.76%	-5.96%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	58.34%	37.00%	-0.99%

Correlation

The correlation between DIVP and SOXY is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.07
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.15

DIVP vs. SOXY - Sectors Allocation Comparison

Sectors	DIVP	SOXY
Healthcare	16.8%	0.0%
Consumer Defensive	11.8%	0.0%
Financial Services	11.5%	0.1%
Industrials	11.2%	0.0%
Energy	11.0%	0.0%
Communication Services	8.1%	0.0%
Real Estate	6.4%	-
Utilities	6.0%	0.0%
Technology	5.4%	100.0%
Basic Materials	2.3%	0.0%
Consumer Cyclical	2.0%	0.0%

Return for Risk

DIVP vs. SOXY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DIVP

DIVP Risk / Return Rank: 67
DIVP Sharpe Ratio Rank: 69
DIVP Sortino Ratio Rank: 72
DIVP Omega Ratio Rank: 62
DIVP Calmar Ratio Rank: 74
DIVP Martin Ratio Rank: 57

SOXY

SOXY Risk / Return Rank: 87
SOXY Sharpe Ratio Rank: 91
SOXY Sortino Ratio Rank: 83
SOXY Omega Ratio Rank: 85
SOXY Calmar Ratio Rank: 85
SOXY Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DIVP vs. SOXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cullen Enhanced Equity Income ETF (DIVP) and YieldMax Target 12™ Semiconductor Option Income ETF (SOXY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DIVP	SOXY	Difference
Sharpe ratio: Return per unit of total volatility	1.58	2.30	-0.73
Sortino ratio: Return per unit of downside risk	2.32	2.73	-0.41
Omega ratio: Gain probability vs. loss probability	1.27	1.37	-0.10
Calmar ratio: Return relative to maximum drawdown	2.60	3.21	-0.61
Martin ratio: Return relative to average drawdown	6.87	14.50	-7.63

DIVP vs. SOXY - Sharpe Ratio Comparison

The current DIVP Sharpe Ratio is 1.58, which is lower than the SOXY Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of DIVP and SOXY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DIVP vs. SOXY - Drawdown Comparison

The maximum DIVP drawdown since its inception was -12.26%, smaller than the maximum SOXY drawdown of -30.22%. Use the drawdown chart below to compare losses from any high point for DIVP and SOXY.

Drawdown Indicators

	DIVP	SOXY	Difference
Max Drawdown Largest peak-to-trough decline	-12.26%	-30.22%	+17.96%
Max Drawdown (1Y) Largest decline over 1 year	-6.28%	-28.56%	+22.28%
Current Drawdown Current decline from peak	-1.64%	-21.71%	+20.07%
Average Drawdown Average peak-to-trough decline	-2.32%	-5.49%	+3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	6.31%	-3.94%

Volatility

DIVP vs. SOXY - Volatility Comparison

The current volatility for Cullen Enhanced Equity Income ETF (DIVP) is 4.13%, while YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a volatility of 18.62%. This indicates that DIVP experiences smaller price fluctuations and is considered to be less risky than SOXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVP	SOXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	18.62%	-14.49%
Volatility (6M) Calculated over the trailing 6-month period	7.71%	35.73%	-28.02%
Volatility (1Y) Calculated over the trailing 1-year period	10.52%	39.94%	-29.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.82%	39.31%	-27.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.82%	39.31%	-27.49%

DIVP vs. SOXY - Expense Ratio Comparison

DIVP has a 0.55% expense ratio, which is lower than SOXY's 1.06% expense ratio.

Dividends

DIVP vs. SOXY - Dividend Comparison

DIVP's dividend yield for the trailing twelve months is around 5.83%, less than SOXY's 9.41% yield.

Position	TTM	2025	2024
DIVP Cullen Enhanced Equity Income ETF	5.83%	6.06%	5.92%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	9.41%	11.47%	0.00%

Frequently Asked Questions

Can I hold both DIVP and SOXY in my portfolio?

DIVP and SOXY have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVP or SOXY?

SOXY has higher volatility (18.62%) compared to DIVP (4.13%). In terms of maximum drawdown, DIVP dropped -12.26% vs SOXY's -30.22%.

Which ETF is better, DIVP or SOXY?

On 1-year performance, SOXY leads with 93.60% vs 16.90% for DIVP. On fees, DIVP is cheaper at 0.55% per year. On volatility, DIVP has been the lower-risk option at 4.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVP or SOXY?

Over the 1-year period, SOXY has performed better with a 93.60% return vs 16.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVP or SOXY?

DIVP is cheaper with a 0.55% expense ratio, compared with 1.06% for SOXY.

Which ETF pays a higher dividend yield, DIVP or SOXY?

SOXY has the higher dividend yield at 9.41%, compared with 5.83% for DIVP.

What is the main difference between DIVP and SOXY?

They also come from different issuers: Cullen and YieldMax. Their fees differ too: 0.55% for DIVP and 1.06% for SOXY.

Which has better risk-adjusted returns?

SOXY currently has the higher Sharpe Ratio (2.30 vs 1.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.