FTKI vs. SOXY

Last updated Aug 5, 2026

FTKI (First Trust Small Cap BuyWrite Income ETF) and SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, FTKI returned 23.35% vs 104.81% for SOXY. Their 0.52 correlation means they have sometimes moved together and sometimes differently. FTKI charges 0.85%/yr vs 1.06%/yr for SOXY.

Performance

FTKI vs. SOXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Small Cap BuyWrite Income ETF (FTKI) 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, FTKI achieves a 14.85% return, which is significantly lower than SOXY's 70.13% return.

FTKI

• 1D: 0.99%
• 1M: 1.77%
• 6M: 10.11%
• YTD: 14.85%
• 1Y: 23.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.47%

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)
FTKI First Trust Small Cap BuyWrite Income ETF	$188.94K	$153.18K	$119.93K
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	$1.66M	$2.38M	$2.08M

FTKI vs. SOXY - Yearly Performance Comparison

	2026 (YTD)	2025
FTKI First Trust Small Cap BuyWrite Income ETF	14.85%	4.33%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	70.13%	35.25%

Correlation

The correlation between FTKI and SOXY is 0.50, 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.	0.50
Correlation (All Time) Calculated using the full available price history since Feb 27, 2025	0.52

The correlation between FTKI and SOXY has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.

FTKI vs. SOXY - Sectors Allocation Comparison

Sectors	FTKI	SOXY
Consumer Cyclical	18.7%	0.0%
Technology	18.0%	100.0%
Financial Services	17.1%	0.1%
Industrials	13.0%	0.0%
Healthcare	10.6%	0.0%
Energy	7.3%	0.0%
Basic Materials	5.7%	0.0%
Real Estate	5.3%	-
Communication Services	1.8%	0.0%
Consumer Defensive	1.7%	0.0%
Utilities	0.8%	0.0%

Return for Risk

FTKI vs. SOXY — Risk / Return Rank

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

FTKI

FTKI Risk / Return Rank: 88
FTKI Sharpe Ratio Rank: 88
FTKI Sortino Ratio Rank: 89
FTKI Omega Ratio Rank: 88
FTKI Calmar Ratio Rank: 90
FTKI 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.

FTKI vs. SOXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Small Cap BuyWrite Income ETF (FTKI) 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.

	FTKI	SOXY	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.62	-0.28
Sortino ratio: Return per unit of downside risk	3.34	3.00	+0.34
Omega ratio: Gain probability vs. loss probability	1.43	1.40	+0.02
Calmar ratio: Return relative to maximum drawdown	4.21	3.69	+0.52
Martin ratio: Return relative to average drawdown	14.14	16.12	-1.98

FTKI vs. SOXY - Sharpe Ratio Comparison

The current FTKI Sharpe Ratio is 2.33, which is comparable to the SOXY Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of FTKI 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

FTKI vs. SOXY - Drawdown Comparison

The maximum FTKI drawdown since its inception was -15.17%, smaller than the maximum SOXY drawdown of -30.22%. Use the drawdown chart below to compare losses from any high point for FTKI and SOXY.

Drawdown Indicators

	FTKI	SOXY	Difference
Max Drawdown Largest peak-to-trough decline	-15.17%	-30.22%	+15.05%
Max Drawdown (1Y) Largest decline over 1 year	-5.56%	-28.56%	+23.00%
Current Drawdown Current decline from peak	0.00%	-15.88%	+15.88%
Average Drawdown Average peak-to-trough decline	-2.36%	-5.55%	+3.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	6.52%	-4.86%

Volatility

FTKI vs. SOXY - Volatility Comparison

The current volatility for First Trust Small Cap BuyWrite Income ETF (FTKI) is 2.72%, while YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a volatility of 19.07%. This indicates that FTKI 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

	FTKI	SOXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.72%	19.07%	-16.35%
Volatility (6M) Calculated over the trailing 6-month period	7.64%	36.04%	-28.40%
Volatility (1Y) Calculated over the trailing 1-year period	10.08%	40.29%	-30.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.70%	39.52%	-24.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.70%	39.52%	-24.82%

FTKI vs. SOXY - Expense Ratio Comparison

FTKI has a 0.85% expense ratio, which is lower than SOXY's 1.06% expense ratio.

Dividends

FTKI vs. SOXY - Dividend Comparison

FTKI's dividend yield for the trailing twelve months is around 11.25%, more than SOXY's 8.76% yield.

Position	TTM	2025
FTKI First Trust Small Cap BuyWrite Income ETF	11.25%	8.99%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	8.76%	11.47%

Frequently Asked Questions

Can I hold both FTKI and SOXY in my portfolio?

FTKI and SOXY have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTKI or SOXY?

SOXY has higher volatility (19.07%) compared to FTKI (2.72%). In terms of maximum drawdown, FTKI dropped -15.17% vs SOXY's -30.22%.

Which ETF is better, FTKI or SOXY?

On 1-year performance, SOXY leads with 104.81% vs 23.35% for FTKI. On fees, FTKI is cheaper at 0.85% per year. On volatility, FTKI has been the lower-risk option at 2.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTKI or SOXY?

Over the 1-year period, SOXY has performed better with a 104.81% return vs 23.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTKI or SOXY?

FTKI is cheaper with a 0.85% expense ratio, compared with 1.06% for SOXY.

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

FTKI has the higher dividend yield at 11.25%, compared with 8.76% for SOXY.

What is the main difference between FTKI and SOXY?

They also come from different issuers: First Trust and YieldMax. Their fees differ too: 0.85% for FTKI and 1.06% for SOXY.

Which has better risk-adjusted returns?

SOXY currently has the higher Sharpe Ratio (2.62 vs 2.33), 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.