MSTY vs. SOXY

Last updated Aug 4, 2026

MSTY (YieldMax™ MSTR Option Income Strategy ETF) and SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) are both Derivative Income funds from YieldMax. Both are actively managed. Over the past year, MSTY returned -68.04% vs 95.22% for SOXY. Their 0.42 correlation means their historical movements had little consistent relationship. MSTY charges 0.99%/yr vs 1.06%/yr for SOXY.

Performance

MSTY vs. SOXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax™ MSTR Option Income Strategy ETF (MSTY) 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, MSTY achieves a -32.53% return, which is significantly lower than SOXY's 59.66% return.

MSTY

• 1D: 1.13%
• 1M: -1.52%
• 6M: -27.05%
• YTD: -32.53%
• 1Y: -68.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.99%

SOXY

• 1D: 0.84%
• 1M: -11.28%
• 6M: 41.13%
• YTD: 59.66%
• 1Y: 95.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 59.08%

*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)
MSTY YieldMax™ MSTR Option Income Strategy ETF	$12.83M	$13.14M	$28.03M
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	$2.13M	$2.40M	$2.09M

MSTY vs. SOXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSTY YieldMax™ MSTR Option Income Strategy ETF	-32.53%	-42.71%	-14.73%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	59.66%	37.00%	-0.99%

Correlation

The correlation between MSTY and SOXY is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.38
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.42

Return for Risk

MSTY vs. SOXY — Risk / Return Rank

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

MSTY

MSTY Risk / Return Rank: 1
MSTY Sharpe Ratio Rank: 1
MSTY Sortino Ratio Rank: 1
MSTY Omega Ratio Rank: 1
MSTY Calmar Ratio Rank: 1
MSTY Martin Ratio Rank: 2

SOXY

SOXY Risk / Return Rank: 87
SOXY Sharpe Ratio Rank: 92
SOXY Sortino Ratio Rank: 84
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.

MSTY vs. SOXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax™ MSTR Option Income Strategy ETF (MSTY) 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.

	MSTY	SOXY	Difference
Sharpe ratio: Return per unit of total volatility	-1.05	2.41	-3.46
Sortino ratio: Return per unit of downside risk	-1.96	2.81	-4.78
Omega ratio: Gain probability vs. loss probability	0.79	1.38	-0.59
Calmar ratio: Return relative to maximum drawdown	-0.91	3.35	-4.26
Martin ratio: Return relative to average drawdown	-1.34	14.82	-16.15

MSTY vs. SOXY - Sharpe Ratio Comparison

The current MSTY Sharpe Ratio is -1.05, which is lower than the SOXY Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of MSTY 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

MSTY vs. SOXY - Drawdown Comparison

The maximum MSTY drawdown since its inception was -77.40%, which is greater than SOXY's maximum drawdown of -30.22%. Use the drawdown chart below to compare losses from any high point for MSTY and SOXY.

Drawdown Indicators

	MSTY	SOXY	Difference
Max Drawdown Largest peak-to-trough decline	-77.40%	-30.22%	-47.18%
Max Drawdown (1Y) Largest decline over 1 year	-74.91%	-28.56%	-46.35%
Current Drawdown Current decline from peak	-73.47%	-21.05%	-52.42%
Average Drawdown Average peak-to-trough decline	-29.12%	-5.53%	-23.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.95%	6.45%	+44.50%

Volatility

MSTY vs. SOXY - Volatility Comparison

The current volatility for YieldMax™ MSTR Option Income Strategy ETF (MSTY) is 13.25%, while YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a volatility of 17.94%. This indicates that MSTY 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

	MSTY	SOXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.25%	17.94%	-4.69%
Volatility (6M) Calculated over the trailing 6-month period	52.14%	35.55%	+16.59%
Volatility (1Y) Calculated over the trailing 1-year period	64.93%	39.88%	+25.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.85%	39.26%	+32.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.85%	39.26%	+32.59%

MSTY vs. SOXY - Expense Ratio Comparison

MSTY has a 0.99% expense ratio, which is lower than SOXY's 1.06% expense ratio.

Dividends

MSTY vs. SOXY - Dividend Comparison

MSTY's dividend yield for the trailing twelve months is around 248.73%, more than SOXY's 9.34% yield.

Position	TTM	2025	2024
MSTY YieldMax™ MSTR Option Income Strategy ETF	248.73%	294.61%	104.56%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	9.34%	11.47%	0.00%

Frequently Asked Questions

Can I hold both MSTY and SOXY in my portfolio?

MSTY and SOXY have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSTY or SOXY?

SOXY has higher volatility (17.94%) compared to MSTY (13.25%). In terms of maximum drawdown, MSTY dropped -77.40% vs SOXY's -30.22%.

Which ETF is better, MSTY or SOXY?

On 1-year performance, SOXY leads with 95.22% vs -68.04% for MSTY. On fees, MSTY is cheaper at 0.99% per year. On volatility, MSTY has been the lower-risk option at 13.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSTY or SOXY?

Over the 1-year period, SOXY has performed better with a 95.22% return vs -68.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSTY or SOXY?

MSTY is cheaper with a 0.99% expense ratio, compared with 1.06% for SOXY.

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

MSTY has the higher dividend yield at 248.73%, compared with 9.34% for SOXY.

What is the main difference between MSTY and SOXY?

Their fees differ too: 0.99% for MSTY and 1.06% for SOXY.

Which has better risk-adjusted returns?

SOXY currently has the higher Sharpe Ratio (2.41 vs -1.05), 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.