SOXY vs. HBIL-U.TO
SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) and HBIL-U.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units) are both exchange-traded funds - SOXY is a Derivative Income fund actively managed by YieldMax, while HBIL-U.TO is a Government Bonds fund actively managed by Hamilton. Both are actively managed. Over the past year, SOXY returned 97.39% vs 4.03% for HBIL-U.TO. At a 0.11 correlation, their price movements are largely independent.
Performance
SOXY vs. HBIL-U.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SOXY achieves a 65.66% return, which is significantly higher than HBIL-U.TO's 1.33% return.
SOXY
- 1D
- -4.64%
- 1M
- -10.61%
- 6M
- 50.95%
- YTD
- 65.66%
- 1Y
- 97.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBIL-U.TO
- 1D
- 0.00%
- 1M
- -0.31%
- 6M
- 1.06%
- YTD
- 1.33%
- 1Y
- 4.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXY vs. HBIL-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SOXY YieldMax Target 12™ Semiconductor Option Income ETF | 65.66% | 37.00% | -0.99% |
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 1.33% | 4.81% | -0.86% |
Correlation
The correlation between SOXY and HBIL-U.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024 | 0.11 |
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Return for Risk
SOXY vs. HBIL-U.TO — Risk / Return Rank
SOXY
HBIL-U.TO
SOXY vs. HBIL-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO). 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 | HBIL-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.48 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 5.41 | 3.79 | +1.62 |
| Martin ratioReturn relative to average drawdown | 20.91 | 14.49 | +6.42 |
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Drawdowns
SOXY vs. HBIL-U.TO - Drawdown Comparison
The maximum SOXY drawdown since its inception was -30.22%, which is greater than HBIL-U.TO's maximum drawdown of -1.48%. Use the drawdown chart below to compare losses from any high point for SOXY and HBIL-U.TO.
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Drawdown Indicators
| SOXY | HBIL-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.22% | -1.48% | -28.74% |
Max Drawdown (1Y)Largest decline over 1 year | -18.09% | -1.07% | -17.02% |
Current DrawdownCurrent decline from peak | -18.09% | -1.00% | -17.09% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -0.33% | -4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 0.28% | +4.39% |
Volatility
SOXY vs. HBIL-U.TO - Volatility Comparison
YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a higher volatility of 19.28% compared to Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO) at 1.21%. This indicates that SOXY's price experiences larger fluctuations and is considered to be riskier than HBIL-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXY | HBIL-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.28% | 1.21% | +18.07% |
Volatility (6M)Calculated over the trailing 6-month period | 33.12% | 1.64% | +31.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.35% | 1.91% | +35.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.20% | 2.12% | +36.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.20% | 2.12% | +36.08% |
Dividends
SOXY vs. HBIL-U.TO - Dividend Comparison
SOXY's dividend yield for the trailing twelve months is around 9.00%, more than HBIL-U.TO's 6.75% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 6.75% | 7.37% | 2.40% |
SOXY YieldMax Target 12™ Semiconductor Option Income ETF | 9.00% | 11.47% | 0.00% |
Frequently Asked Questions
SOXY and HBIL-U.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXY is categorized as Derivative Income, while HBIL-U.TO is Government Bonds. They also come from different issuers: YieldMax and Hamilton.
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