SOXY vs. NXF.TO

Last updated Jun 4, 2026

SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) and NXF.TO (CI Energy Giants Covered Call ETF Common Units (CAD Hedged)) are both exchange-traded funds - SOXY is a Derivative Income fund actively managed by YieldMax, while NXF.TO is a Energy Equities fund actively managed by CI. Both are actively managed. Over the past year, SOXY returned 154.02% vs 44.03% for NXF.TO. At a 0.09 correlation, their price movements are largely independent.

Performance

SOXY vs. NXF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) and CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SOXY is traded in USD, while NXF.TO is traded in CAD. To make them comparable, the NXF.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SOXY achieves a 89.69% return, which is significantly higher than NXF.TO's 30.79% return.

SOXY

• 1D: 0.87%
• 1M: 31.46%
• YTD: 89.69%
• 6M: 88.39%
• 1Y: 154.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NXF.TO

• 1D: 0.76%
• 1M: -4.06%
• YTD: 30.79%
• 6M: 29.88%
• 1Y: 44.03%
• 3Y*: 14.32%
• 5Y*: 14.15%
• 10Y*: 7.45%

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

SOXY vs. NXF.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	89.69%	37.00%	-1.18%
NXF.TO CI Energy Giants Covered Call ETF Common Units (CAD Hedged)	30.79%	14.42%	-7.70%

Correlation

The correlation between SOXY and NXF.TO is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.09

The correlation between SOXY and NXF.TO shifts across timeframes, from -0.04 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

SOXY vs. NXF.TO - Sectors Allocation Comparison

Sectors	SOXY	NXF.TO
Technology	100.0%	-
Consumer Defensive	0.0%	-
Financial Services	0.0%	-
Industrials	0.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Energy	-	100.0%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

SOXY vs. NXF.TO — Risk / Return Rank

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

SOXY

SOXY Risk / Return Rank: 96
SOXY Sharpe Ratio Rank: 98
SOXY Sortino Ratio Rank: 96
SOXY Omega Ratio Rank: 95
SOXY Calmar Ratio Rank: 97
SOXY Martin Ratio Rank: 97

NXF.TO

NXF.TO Risk / Return Rank: 73
NXF.TO Sharpe Ratio Rank: 73
NXF.TO Sortino Ratio Rank: 66
NXF.TO Omega Ratio Rank: 64
NXF.TO Calmar Ratio Rank: 87
NXF.TO Martin Ratio Rank: 74

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. NXF.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 CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.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.

	SOXY	NXF.TO	Difference
Sharpe ratio: Return per unit of total volatility	5.32	2.19	+3.12
Sortino ratio: Return per unit of downside risk	5.53	2.88	+2.65
Omega ratio: Gain probability vs. loss probability	1.75	1.36	+0.40
Calmar ratio: Return relative to maximum drawdown	11.33	5.14	+6.19
Martin ratio: Return relative to average drawdown	42.65	14.55	+28.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOXY vs. NXF.TO - Sharpe Ratio Comparison

The current SOXY Sharpe Ratio is 5.32, which is higher than the NXF.TO Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of SOXY and NXF.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SOXY	NXF.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.32	2.19	+3.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.53	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.57	0.16	+2.41

Drawdowns

SOXY vs. NXF.TO - Drawdown Comparison

The maximum SOXY drawdown since its inception was -30.22%, smaller than the maximum NXF.TO drawdown of -69.34%. Use the drawdown chart below to compare losses from any high point for SOXY and NXF.TO.

Drawdown Indicators

	SOXY	NXF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.22%	-69.34%	+39.12%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-8.60%	-5.08%
Max Drawdown (3Y) Largest decline over 3 years	—	-27.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-69.34%	—
Current Drawdown Current decline from peak	0.00%	-4.87%	+4.87%
Average Drawdown Average peak-to-trough decline	-4.94%	-18.87%	+13.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	3.04%	+0.59%

Volatility

SOXY vs. NXF.TO - Volatility Comparison

YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a higher volatility of 12.85% compared to CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO) at 7.53%. This indicates that SOXY's price experiences larger fluctuations and is considered to be riskier than NXF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXY	NXF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.85%	7.53%	+5.32%
Volatility (6M) Calculated over the trailing 6-month period	24.06%	15.85%	+8.21%
Volatility (1Y) Calculated over the trailing 1-year period	29.20%	20.24%	+8.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.56%	26.69%	+7.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.56%	29.81%	+4.75%

Dividends

SOXY vs. NXF.TO - Dividend Comparison

SOXY's dividend yield for the trailing twelve months is around 7.74%, less than NXF.TO's 8.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NXF.TO CI Energy Giants Covered Call ETF Common Units (CAD Hedged)	8.04%	7.70%	8.50%	8.60%	11.22%	9.48%	11.23%	7.83%	9.38%	6.50%	8.24%	8.05%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	7.74%	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 NXF.TO in my portfolio?

SOXY and NXF.TO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between SOXY and NXF.TO?

SOXY is categorized as Derivative Income, while NXF.TO is Energy Equities. They also come from different issuers: YieldMax and CI.