SOXY vs. CHAT

Last updated Jul 14, 2026

SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - SOXY is a Derivative Income fund actively managed by YieldMax, while CHAT is a Technology Equities fund actively managed by Roundhill. Both are actively managed. Over the past year, SOXY returned 109.64% vs 87.11% for CHAT. Their correlation of 0.87 suggests significant overlap in exposure. SOXY charges 1.06%/yr vs 0.75%/yr for CHAT.

Performance

SOXY vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) and Roundhill Generative AI & Technology ETF (CHAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOXY achieves a 75.60% return, which is significantly higher than CHAT's 48.63% return.

SOXY

• 1D: -4.46%
• 1M: -5.55%
• 6M: 61.64%
• YTD: 75.60%
• 1Y: 109.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CHAT

• 1D: -4.48%
• 1M: -5.92%
• 6M: 41.18%
• YTD: 48.63%
• 1Y: 87.11%
• 3Y*: 44.48%
• 5Y*: —
• 10Y*: —

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

SOXY vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	75.60%	37.00%	-0.99%
CHAT Roundhill Generative AI & Technology ETF	48.63%	49.85%	0.90%

Correlation

The correlation between SOXY and CHAT is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.87

The correlation between SOXY and CHAT has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

SOXY vs. CHAT - Sectors Allocation Comparison

Sectors	SOXY	CHAT
Technology	99.8%	75.7%
Financial Services	0.1%	0.0%
Consumer Defensive	0.0%	-
Healthcare	0.0%	-
Industrials	0.0%	3.5%
Basic Materials	0.0%	-
Energy	0.0%	-
Communication Services	0.0%	17.9%
Consumer Cyclical	0.0%	2.6%
Utilities	0.0%	-
Real Estate	-	-

Return for Risk

SOXY vs. CHAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOXY

SOXY Risk / Return Rank: 93
SOXY Sharpe Ratio Rank: 95
SOXY Sortino Ratio Rank: 89
SOXY Omega Ratio Rank: 90
SOXY Calmar Ratio Rank: 96
SOXY Martin Ratio Rank: 96

CHAT

CHAT Risk / Return Rank: 85
CHAT Sharpe Ratio Rank: 90
CHAT Sortino Ratio Rank: 77
CHAT Omega Ratio Rank: 79
CHAT Calmar Ratio Rank: 93
CHAT Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SOXY vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) and Roundhill Generative AI & Technology ETF (CHAT). 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.

	SOXY	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	2.99	2.39	+0.60
Sortino ratio: Return per unit of downside risk	3.28	2.72	+0.56
Omega ratio: Gain probability vs. loss probability	1.46	1.37	+0.09
Calmar ratio: Return relative to maximum drawdown	7.75	5.38	+2.38
Martin ratio: Return relative to average drawdown	25.10	13.62	+11.48

SOXY vs. CHAT - Sharpe Ratio Comparison

The current SOXY Sharpe Ratio is 2.99, which is comparable to the CHAT Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of SOXY and CHAT, 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

SOXY vs. CHAT - Drawdown Comparison

The maximum SOXY drawdown since its inception was -30.22%, roughly equal to the maximum CHAT drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for SOXY and CHAT.

Drawdown Indicators

	SOXY	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-30.22%	-31.34%	+1.12%
Max Drawdown (1Y) Largest decline over 1 year	-14.22%	-16.28%	+2.06%
Max Drawdown (3Y) Largest decline over 3 years	—	-31.34%	—
Current Drawdown Current decline from peak	-13.17%	-15.80%	+2.63%
Average Drawdown Average peak-to-trough decline	-5.02%	-5.48%	+0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	6.42%	-2.04%

Volatility

SOXY vs. CHAT - Volatility Comparison

YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a higher volatility of 20.75% compared to Roundhill Generative AI & Technology ETF (CHAT) at 18.16%. This indicates that SOXY's price experiences larger fluctuations and is considered to be riskier than CHAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXY	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.75%	18.16%	+2.59%
Volatility (6M) Calculated over the trailing 6-month period	32.64%	31.91%	+0.73%
Volatility (1Y) Calculated over the trailing 1-year period	36.97%	36.77%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.06%	31.73%	+6.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.06%	31.73%	+6.33%

SOXY vs. CHAT - Expense Ratio Comparison

SOXY has a 1.06% expense ratio, which is higher than CHAT's 0.75% expense ratio.

Dividends

SOXY vs. CHAT - Dividend Comparison

SOXY's dividend yield for the trailing twelve months is around 8.49%, more than CHAT's 1.92% yield.

Position	TTM	2025
CHAT Roundhill Generative AI & Technology ETF	1.92%	2.85%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	8.49%	11.47%

Frequently Asked Questions

Can I hold both SOXY and CHAT in my portfolio?

SOXY and CHAT have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOXY or CHAT?

SOXY has higher volatility (20.75%) compared to CHAT (18.16%). In terms of maximum drawdown, SOXY dropped -30.22% vs CHAT's -31.34%.

Which ETF is better, SOXY or CHAT?

On 1-year performance, SOXY leads with 109.64% vs 87.11% for CHAT. On fees, CHAT is cheaper at 0.75% per year. On volatility, CHAT has been the lower-risk option at 18.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOXY or CHAT?

Over the 1-year period, SOXY has performed better with a 109.64% return vs 87.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOXY or CHAT?

CHAT is cheaper with a 0.75% expense ratio, compared with 1.06% for SOXY.

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

SOXY has the higher dividend yield at 8.49%, compared with 1.92% for CHAT.

What is the main difference between SOXY and CHAT?

SOXY is categorized as Derivative Income, while CHAT is Technology Equities. They also come from different issuers: YieldMax and Roundhill. Their fees differ too: 1.06% for SOXY and 0.75% for CHAT.

Which has better risk-adjusted returns?

SOXY currently has the higher Sharpe Ratio (2.99 vs 2.39), 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.