SOXY vs. UTG

Last updated Apr 2, 2026

Compare and contrast key facts about YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) and Reaves Utility Income Trust (UTG).

SOXY is an actively managed fund by YieldMax. It was launched on Dec 2, 2024.

Performance

SOXY vs. UTG - Performance Comparison

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

SOXY vs. UTG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	11.49%	37.00%	-1.18%
UTG Reaves Utility Income Trust	9.79%	23.24%	-7.09%

Returns By Period

In the year-to-date period, SOXY achieves a 11.49% return, which is significantly higher than UTG's 9.79% return.

SOXY

• 1D: 2.73%
• 1M: -2.64%
• YTD: 11.49%
• 6M: 19.78%
• 1Y: 70.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UTG

• 1D: 1.25%
• 1M: -4.85%
• YTD: 9.79%
• 6M: 3.19%
• 1Y: 29.33%
• 3Y*: 20.55%
• 5Y*: 11.40%
• 10Y*: 10.48%

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

Return for Risk

SOXY vs. UTG — 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: 91
SOXY Sortino Ratio Rank: 92
SOXY Omega Ratio Rank: 91
SOXY Calmar Ratio Rank: 96
SOXY Martin Ratio Rank: 96

UTG

UTG Risk / Return Rank: 80
UTG Sharpe Ratio Rank: 84
UTG Sortino Ratio Rank: 75
UTG Omega Ratio Rank: 81
UTG Calmar Ratio Rank: 82
UTG Martin Ratio Rank: 78

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. UTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) and Reaves Utility Income Trust (UTG). 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	UTG	Difference
Sharpe ratio Return per unit of total volatility	2.11	1.55	+0.56
Sortino ratio Return per unit of downside risk	2.77	1.87	+0.90
Omega ratio Gain probability vs. loss probability	1.40	1.30	+0.10
Calmar ratio Return relative to maximum drawdown	4.71	2.52	+2.19
Martin ratio Return relative to average drawdown	17.51	5.60	+11.91
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. UTG - Sharpe Ratio Comparison

The current SOXY Sharpe Ratio is 2.11, which is higher than the UTG Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of SOXY and UTG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SOXY	UTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	1.55	+0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	0.47	+0.62

Correlation

The correlation between SOXY and UTG is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SOXY vs. UTG - Dividend Comparison

SOXY's dividend yield for the trailing twelve months is around 10.26%, more than UTG's 5.96% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	10.26%	11.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UTG Reaves Utility Income Trust	5.96%	6.42%	7.19%	8.53%	8.07%	6.35%	6.59%	5.69%	6.86%	6.21%	9.02%	6.86%

Drawdowns

SOXY vs. UTG - Drawdown Comparison

The maximum SOXY drawdown since its inception was -30.22%, smaller than the maximum UTG drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for SOXY and UTG.

Drawdown Indicators

	SOXY	UTG	Difference
Max Drawdown Largest peak-to-trough decline	-30.22%	-67.77%	+37.55%
Max Drawdown (1Y) Largest decline over 1 year	-15.22%	-12.01%	-3.21%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.54%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.91%	—
Current Drawdown Current decline from peak	-6.86%	-4.85%	-2.01%
Average Drawdown Average peak-to-trough decline	-5.42%	-8.79%	+3.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	5.41%	-1.32%

Volatility

SOXY vs. UTG - Volatility Comparison

YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a higher volatility of 10.74% compared to Reaves Utility Income Trust (UTG) at 6.36%. This indicates that SOXY's price experiences larger fluctuations and is considered to be riskier than UTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXY	UTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.74%	6.36%	+4.38%
Volatility (6M) Calculated over the trailing 6-month period	22.18%	13.24%	+8.94%
Volatility (1Y) Calculated over the trailing 1-year period	33.64%	18.97%	+14.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.70%	16.57%	+17.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.70%	21.54%	+12.16%