IETH vs. SOXY
IETH (Bitwise Ethereum Option Income Strategy ETF) and SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) are both Derivative Income funds. Both are actively managed. Their 0.42 correlation means their historical movements had little consistent relationship. IETH charges 0.97%/yr vs 1.06%/yr for SOXY.
Performance
IETH vs. SOXY - Performance Comparison
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Returns By Period
In the year-to-date period, IETH achieves a -32.43% return, which is significantly lower than SOXY's 59.66% return.
IETH
- 1D
- 0.43%
- 1M
- 7.22%
- 6M
- -14.64%
- YTD
- -32.43%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SOXY
- 1D
- 0.84%
- 1M
- -11.28%
- 6M
- 41.13%
- YTD
- 59.66%
- 1Y
- 95.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 59.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.90K | $4.22K | $6.65K | |
| $2.13M | $2.40M | $2.09M |
IETH vs. SOXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IETH Bitwise Ethereum Option Income Strategy ETF | -32.43% | -27.34% |
SOXY YieldMax Target 12™ Semiconductor Option Income ETF | 59.66% | 7.43% |
Correlation
The correlation between IETH and SOXY is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025 | 0.42 |
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Return for Risk
IETH vs. SOXY — Risk / Return Rank
IETH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXY
IETH vs. SOXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Ethereum Option Income Strategy ETF (IETH) 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.
| IETH | SOXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.35 | — |
| Martin ratioReturn relative to average drawdown | — | 14.82 | — |
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Drawdowns
IETH vs. SOXY - Drawdown Comparison
The maximum IETH drawdown since its inception was -59.76%, which is greater than SOXY's maximum drawdown of -30.22%. Use the drawdown chart below to compare losses from any high point for IETH and SOXY.
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Drawdown Indicators
| IETH | SOXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.76% | -30.22% | -29.54% |
Max Drawdown (1Y)Largest decline over 1 year | — | -28.56% | — |
Current DrawdownCurrent decline from peak | -53.29% | -21.05% | -32.24% |
Average DrawdownAverage peak-to-trough decline | -40.45% | -5.53% | -34.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.45% | — |
Volatility
IETH vs. SOXY - Volatility Comparison
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Volatility by Period
| IETH | SOXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.94% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 35.55% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 57.92% | 39.88% | +18.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.92% | 39.26% | +18.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.92% | 39.26% | +18.66% |
IETH vs. SOXY - Expense Ratio Comparison
IETH has a 0.97% expense ratio, which is lower than SOXY's 1.06% expense ratio.
Dividends
IETH vs. SOXY - Dividend Comparison
IETH's dividend yield for the trailing twelve months is around 46.82%, more than SOXY's 9.34% yield.
| Position | TTM | 2025 |
|---|---|---|
IETH Bitwise Ethereum Option Income Strategy ETF | 46.82% | 18.26% |
SOXY YieldMax Target 12™ Semiconductor Option Income ETF | 9.34% | 11.47% |
Frequently Asked Questions
IETH and SOXY have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IETH is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IETH is cheaper with a 0.97% expense ratio, compared with 1.06% for SOXY.
IETH has the higher dividend yield at 46.82%, compared with 9.34% for SOXY.
They also come from different issuers: Bitwise and YieldMax. Their fees differ too: 0.97% for IETH and 1.06% for SOXY.
Find the right allocation for IETH and SOXY
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