SOXY vs. TSLY

Last updated Jun 4, 2026

SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) and TSLY (YieldMax TSLA Option Income Strategy ETF) are both exchange-traded funds - SOXY is a Derivative Income fund actively managed by YieldMax, while TSLY is a Options Trading fund actively managed by YieldMax. Both are actively managed. Over the past year, SOXY returned 154.02% vs 24.54% for TSLY. At a 0.50 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

SOXY vs. TSLY - Performance Comparison

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

Returns By Period

In the year-to-date period, SOXY achieves a 89.69% return, which is significantly higher than TSLY's -1.68% return.

SOXY

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

TSLY

• 1D: 0.10%
• 1M: 5.56%
• YTD: -1.68%
• 6M: -1.00%
• 1Y: 24.54%
• 3Y*: 15.16%
• 5Y*: —
• 10Y*: —

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

SOXY vs. TSLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	89.69%	37.00%	-1.18%
TSLY YieldMax TSLA Option Income Strategy ETF	-1.68%	13.62%	4.78%

Correlation

The correlation between SOXY and TSLY is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.50

Return for Risk

SOXY vs. TSLY — 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

TSLY

TSLY Risk / Return Rank: 21
TSLY Sharpe Ratio Rank: 19
TSLY Sortino Ratio Rank: 19
TSLY Omega Ratio Rank: 20
TSLY Calmar Ratio Rank: 24
TSLY Martin Ratio Rank: 22

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. TSLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) and YieldMax TSLA Option Income Strategy ETF (TSLY). 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	TSLY	Difference
Sharpe ratio: Return per unit of total volatility	5.32	0.65	+4.67
Sortino ratio: Return per unit of downside risk	5.53	1.05	+4.48
Omega ratio: Gain probability vs. loss probability	1.75	1.14	+0.61
Calmar ratio: Return relative to maximum drawdown	11.33	1.14	+10.19
Martin ratio: Return relative to average drawdown	42.65	2.75	+39.90
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. TSLY - Sharpe Ratio Comparison

The current SOXY Sharpe Ratio is 5.32, which is higher than the TSLY Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of SOXY and TSLY, 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	TSLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.32	0.65	+4.67
Sharpe Ratio (All Time) Calculated using the full available price history	2.57	0.30	+2.27

Drawdowns

SOXY vs. TSLY - Drawdown Comparison

The maximum SOXY drawdown since its inception was -30.22%, smaller than the maximum TSLY drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for SOXY and TSLY.

Drawdown Indicators

	SOXY	TSLY	Difference
Max Drawdown Largest peak-to-trough decline	-30.22%	-49.52%	+19.30%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-21.64%	+7.96%
Max Drawdown (3Y) Largest decline over 3 years	—	-49.52%	—
Current Drawdown Current decline from peak	0.00%	-8.07%	+8.07%
Average Drawdown Average peak-to-trough decline	-4.94%	-20.00%	+15.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	9.10%	-5.47%

Volatility

SOXY vs. TSLY - Volatility Comparison

YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a higher volatility of 12.85% compared to YieldMax TSLA Option Income Strategy ETF (TSLY) at 9.96%. This indicates that SOXY's price experiences larger fluctuations and is considered to be riskier than TSLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXY	TSLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.85%	9.96%	+2.89%
Volatility (6M) Calculated over the trailing 6-month period	24.06%	22.37%	+1.69%
Volatility (1Y) Calculated over the trailing 1-year period	29.20%	38.18%	-8.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.56%	45.50%	-10.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.56%	45.50%	-10.94%

SOXY vs. TSLY - Expense Ratio Comparison

Both SOXY and TSLY have an expense ratio of 0.99%.

Dividends

SOXY vs. TSLY - Dividend Comparison

SOXY's dividend yield for the trailing twelve months is around 7.74%, less than TSLY's 83.79% yield.

Position	TTM	2025	2024	2023
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	7.74%	11.47%	0.00%	0.00%
TSLY YieldMax TSLA Option Income Strategy ETF	83.79%	91.19%	82.30%	76.47%

Frequently Asked Questions

Can I hold both SOXY and TSLY in my portfolio?

SOXY and TSLY have a correlation of 0.44, 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 TSLY?

SOXY has higher volatility (12.85%) compared to TSLY (9.96%). In terms of maximum drawdown, SOXY dropped -30.22% vs TSLY's -49.52%.

Which ETF is better, SOXY or TSLY?

On 1-year performance, SOXY leads with 154.02% vs 24.54% for TSLY. Both ETFs have the same 0.99% expense ratio. On volatility, TSLY has been the lower-risk option at 9.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOXY or TSLY?

Over the 1-year period, SOXY has performed better with a 154.02% return vs 24.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOXY or TSLY?

SOXY and TSLY have the same expense ratio: 0.99% per year.

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

TSLY has the higher dividend yield at 83.79%, compared with 7.74% for SOXY.

What is the main difference between SOXY and TSLY?

SOXY is categorized as Derivative Income, while TSLY is Options Trading.

Which has better risk-adjusted returns?

SOXY currently has the higher Sharpe Ratio (5.32 vs 0.65), 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.