EDGE vs. SOXY

Last updated Aug 5, 2026

EDGE (MRBL Enhanced Equity ETF) and SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, EDGE returned 25.77% vs 104.81% for SOXY. Their 0.71 correlation means they have sometimes moved together and sometimes differently. EDGE charges 0.74%/yr vs 1.06%/yr for SOXY.

Performance

EDGE vs. SOXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MRBL Enhanced Equity ETF (EDGE) 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, EDGE achieves a 13.32% return, which is significantly lower than SOXY's 70.13% return.

EDGE

• 1D: 1.06%
• 1M: 3.57%
• 6M: 11.92%
• YTD: 13.32%
• 1Y: 25.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.49%

SOXY

• 1D: 6.56%
• 1M: -5.46%
• 6M: 53.12%
• YTD: 70.13%
• 1Y: 104.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 65.13%

*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)
EDGE MRBL Enhanced Equity ETF	$38.14K	$142.84K	$123.15K
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	$1.66M	$2.38M	$2.08M

EDGE vs. SOXY - Yearly Performance Comparison

	2026 (YTD)	2025
EDGE MRBL Enhanced Equity ETF	13.32%	12.94%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	70.13%	27.54%

Correlation

The correlation between EDGE and SOXY is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (All Time) Calculated using the full available price history since Jan 22, 2025	0.71

The correlation between EDGE and SOXY has been stable across timeframes, ranging from 0.71 to 0.71 - a consistent structural relationship.

Return for Risk

EDGE vs. SOXY — Risk / Return Rank

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

EDGE

EDGE Risk / Return Rank: 80
EDGE Sharpe Ratio Rank: 80
EDGE Sortino Ratio Rank: 78
EDGE Omega Ratio Rank: 84
EDGE Calmar Ratio Rank: 72
EDGE Martin Ratio Rank: 87

SOXY

SOXY Risk / Return Rank: 88
SOXY Sharpe Ratio Rank: 93
SOXY Sortino Ratio Rank: 83
SOXY Omega Ratio Rank: 85
SOXY Calmar Ratio Rank: 86
SOXY Martin Ratio Rank: 91

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.

EDGE vs. SOXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MRBL Enhanced Equity ETF (EDGE) 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.

	EDGE	SOXY	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.62	-0.55
Sortino ratio: Return per unit of downside risk	2.85	3.00	-0.15
Omega ratio: Gain probability vs. loss probability	1.40	1.40	-0.01
Calmar ratio: Return relative to maximum drawdown	2.87	3.69	-0.82
Martin ratio: Return relative to average drawdown	14.45	16.12	-1.67

EDGE vs. SOXY - Sharpe Ratio Comparison

The current EDGE Sharpe Ratio is 2.06, which is comparable to the SOXY Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of EDGE 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

EDGE vs. SOXY - Drawdown Comparison

The maximum EDGE drawdown since its inception was -20.66%, smaller than the maximum SOXY drawdown of -30.22%. Use the drawdown chart below to compare losses from any high point for EDGE and SOXY.

Drawdown Indicators

	EDGE	SOXY	Difference
Max Drawdown Largest peak-to-trough decline	-20.66%	-30.22%	+9.56%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-28.56%	+19.55%
Current Drawdown Current decline from peak	0.00%	-15.88%	+15.88%
Average Drawdown Average peak-to-trough decline	-2.65%	-5.55%	+2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	6.52%	-4.73%

Volatility

EDGE vs. SOXY - Volatility Comparison

The current volatility for MRBL Enhanced Equity ETF (EDGE) is 4.24%, while YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a volatility of 19.07%. This indicates that EDGE 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

	EDGE	SOXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	19.07%	-14.83%
Volatility (6M) Calculated over the trailing 6-month period	10.51%	36.04%	-25.53%
Volatility (1Y) Calculated over the trailing 1-year period	12.61%	40.29%	-27.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.88%	39.52%	-23.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.88%	39.52%	-23.64%

EDGE vs. SOXY - Expense Ratio Comparison

EDGE has a 0.74% expense ratio, which is lower than SOXY's 1.06% expense ratio.

Dividends

EDGE vs. SOXY - Dividend Comparison

EDGE has not paid dividends to shareholders, while SOXY's dividend yield for the trailing twelve months is around 8.76%.

Position	TTM	2025
EDGE MRBL Enhanced Equity ETF	0.00%	0.00%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	8.76%	11.47%

Frequently Asked Questions

Can I hold both EDGE and SOXY in my portfolio?

EDGE and SOXY have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDGE or SOXY?

SOXY has higher volatility (19.07%) compared to EDGE (4.24%). In terms of maximum drawdown, EDGE dropped -20.66% vs SOXY's -30.22%.

Which ETF is better, EDGE or SOXY?

On 1-year performance, SOXY leads with 104.81% vs 25.77% for EDGE. On fees, EDGE is cheaper at 0.74% per year. On volatility, EDGE has been the lower-risk option at 4.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDGE or SOXY?

Over the 1-year period, SOXY has performed better with a 104.81% return vs 25.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDGE or SOXY?

EDGE is cheaper with a 0.74% expense ratio, compared with 1.06% for SOXY.

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

SOXY has the higher dividend yield at 8.76%, compared with 0.00% for EDGE.

What is the main difference between EDGE and SOXY?

They also come from different issuers: MRBL and YieldMax. Their fees differ too: 0.74% for EDGE and 1.06% for SOXY.

Which has better risk-adjusted returns?

SOXY currently has the higher Sharpe Ratio (2.62 vs 2.06), 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.