SOXY vs. WM
SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) is Derivative Income fund actively managed by YieldMax, while WM (Waste Management, Inc.) is a stock. Over the past year, SOXY returned 109.64% vs 6.41% for WM. At a correlation of -0.24, they often move in opposite directions.
Performance
SOXY vs. WM - Performance Comparison
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Returns By Period
In the year-to-date period, SOXY achieves a 75.60% return, which is significantly higher than WM's 8.63% return.
SOXY
- 1D
- -4.46%
- 1M
- -5.55%
- 6M
- 61.64%
- YTD
- 75.60%
- 1Y
- 109.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WM
- 1D
- 1.45%
- 1M
- 7.87%
- 6M
- 9.20%
- YTD
- 8.63%
- 1Y
- 6.41%
- 3Y*
- 13.71%
- 5Y*
- 12.19%
- 10Y*
- 15.44%
SOXY vs. WM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SOXY YieldMax Target 12™ Semiconductor Option Income ETF | 75.60% | 37.00% | -0.99% |
WM Waste Management, Inc. | 8.63% | 10.50% | -10.06% |
Correlation
The correlation between SOXY and WM is -0.39, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.39 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024 | -0.24 |
The correlation between SOXY and WM shifts across timeframes, from -0.39 (1 year) to -0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SOXY vs. WM — Risk / Return Rank
SOXY
WM
SOXY vs. WM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) and Waste Management, Inc. (WM). 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 | WM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.68 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.07 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 7.75 | 0.39 | +7.37 |
| Martin ratioReturn relative to average drawdown | 25.10 | 0.82 | +24.28 |
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Drawdowns
SOXY vs. WM - Drawdown Comparison
The maximum SOXY drawdown since its inception was -30.22%, smaller than the maximum WM drawdown of -77.85%. Use the drawdown chart below to compare losses from any high point for SOXY and WM.
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Drawdown Indicators
| SOXY | WM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.22% | -77.85% | +47.63% |
Max Drawdown (1Y)Largest decline over 1 year | -14.22% | -16.70% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.07% | — |
Current DrawdownCurrent decline from peak | -13.17% | -3.18% | -9.99% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -17.66% | +12.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 7.82% | -3.44% |
Volatility
SOXY vs. WM - Volatility Comparison
YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a higher volatility of 20.75% compared to Waste Management, Inc. (WM) at 7.11%. This indicates that SOXY's price experiences larger fluctuations and is considered to be riskier than WM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXY | WM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.75% | 7.11% | +13.64% |
Volatility (6M)Calculated over the trailing 6-month period | 32.64% | 15.03% | +17.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.97% | 19.68% | +17.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.06% | 18.80% | +19.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.06% | 19.63% | +18.43% |
Dividends
SOXY vs. WM - Dividend Comparison
SOXY's dividend yield for the trailing twelve months is around 8.49%, more than WM's 1.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXY YieldMax Target 12™ Semiconductor Option Income ETF | 8.49% | 11.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WM Waste Management, Inc. | 1.50% | 1.50% | 1.49% | 1.56% | 1.66% | 1.38% | 1.85% | 1.80% | 2.09% | 1.97% | 2.31% | 2.89% |
Frequently Asked Questions
SOXY and WM have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXY has higher volatility (20.75%) compared to WM (7.11%). In terms of maximum drawdown, SOXY dropped -30.22% vs WM's -77.85%.
SOXY currently has the higher Sharpe Ratio (2.99 vs 0.33), 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.
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