SOXY vs. MAIN

Last updated Aug 4, 2026

SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) is Derivative Income fund actively managed by YieldMax, while MAIN (Main Street Capital Corporation) is a stock. Over the past year, SOXY returned 95.22% vs -6.17% for MAIN. Their 0.24 correlation means their historical movements had little consistent relationship.

Performance

SOXY vs. MAIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) and Main Street Capital Corporation (MAIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOXY achieves a 59.66% return, which is significantly higher than MAIN's -3.54% return.

SOXY

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

MAIN

• 1D: 2.46%
• 1M: 7.84%
• 6M: -8.54%
• YTD: -3.54%
• 1Y: -6.17%
• 3Y*: 18.68%
• 5Y*: 14.64%
• 10Y*: 13.34%
• ALL TIME*: 16.66%

*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)
MAIN Main Street Capital Corporation	$29.35M	$32.83M	$36.64M
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	$2.13M	$2.40M	$2.09M

SOXY vs. MAIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	59.66%	37.00%	-0.99%
MAIN Main Street Capital Corporation	-3.54%	10.74%	6.88%

Correlation

The correlation between SOXY and MAIN is 0.17, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.17
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.24

Return for Risk

SOXY vs. MAIN — Risk / Return Rank

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

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

MAIN

MAIN Risk / Return Rank: 32
MAIN Sharpe Ratio Rank: 33
MAIN Sortino Ratio Rank: 28
MAIN Omega Ratio Rank: 29
MAIN Calmar Ratio Rank: 35
MAIN Martin Ratio Rank: 35

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.

SOXY vs. MAIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) and Main Street Capital Corporation (MAIN). 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	MAIN	Difference
Sharpe ratio: Return per unit of total volatility	2.41	-0.24	+2.65
Sortino ratio: Return per unit of downside risk	2.81	-0.17	+2.98
Omega ratio: Gain probability vs. loss probability	1.38	0.98	+0.40
Calmar ratio: Return relative to maximum drawdown	3.35	-0.28	+3.63
Martin ratio: Return relative to average drawdown	14.82	-0.48	+15.30

SOXY vs. MAIN - Sharpe Ratio Comparison

The current SOXY Sharpe Ratio is 2.41, which is higher than the MAIN Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of SOXY and MAIN, 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. MAIN - Drawdown Comparison

The maximum SOXY drawdown since its inception was -30.22%, smaller than the maximum MAIN drawdown of -64.53%. Use the drawdown chart below to compare losses from any high point for SOXY and MAIN.

Drawdown Indicators

	SOXY	MAIN	Difference
Max Drawdown Largest peak-to-trough decline	-30.22%	-64.53%	+34.31%
Max Drawdown (1Y) Largest decline over 1 year	-28.56%	-22.43%	-6.13%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.43%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.06%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-64.53%	—
Current Drawdown Current decline from peak	-21.05%	-11.46%	-9.59%
Average Drawdown Average peak-to-trough decline	-5.53%	-7.37%	+1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.45%	12.77%	-6.32%

Volatility

SOXY vs. MAIN - Volatility Comparison

YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a higher volatility of 17.94% compared to Main Street Capital Corporation (MAIN) at 7.13%. This indicates that SOXY's price experiences larger fluctuations and is considered to be riskier than MAIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXY	MAIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.94%	7.13%	+10.81%
Volatility (6M) Calculated over the trailing 6-month period	35.55%	20.15%	+15.40%
Volatility (1Y) Calculated over the trailing 1-year period	39.88%	25.60%	+14.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.26%	21.67%	+17.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.26%	27.39%	+11.87%

Dividends

SOXY vs. MAIN - Dividend Comparison

SOXY's dividend yield for the trailing twelve months is around 9.34%, more than MAIN's 7.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAIN Main Street Capital Corporation	7.71%	7.00%	7.02%	8.55%	7.97%	5.74%	6.99%	6.76%	8.43%	7.49%	7.42%	9.15%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	9.34%	11.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOXY and MAIN in my portfolio?

SOXY and MAIN have a correlation of 0.17, 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 MAIN?

SOXY has higher volatility (17.94%) compared to MAIN (7.13%). In terms of maximum drawdown, SOXY dropped -30.22% vs MAIN's -64.53%.

Which has better risk-adjusted returns?

SOXY currently has the higher Sharpe Ratio (2.41 vs -0.24), 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.