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 139.16% vs -5.27% for WM. At a correlation of -0.20, 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 87.64% return, which is significantly higher than WM's 0.43% return.
SOXY
- 1D
- -7.22%
- 1M
- 12.67%
- YTD
- 87.64%
- 6M
- 87.31%
- 1Y
- 139.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WM
- 1D
- 2.59%
- 1M
- 0.87%
- YTD
- 0.43%
- 6M
- 0.15%
- 1Y
- -5.27%
- 3Y*
- 11.43%
- 5Y*
- 11.30%
- 10Y*
- 15.19%
SOXY vs. WM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SOXY YieldMax Target 12™ Semiconductor Option Income ETF | 87.64% | 37.00% | -0.99% |
WM Waste Management, Inc. | 0.43% | 10.50% | -10.06% |
Correlation
The correlation between SOXY and WM is -0.34, 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 | -0.34 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024 | -0.20 |
The correlation between SOXY and WM shifts across timeframes, from -0.34 (1 year) to -0.20 (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 | +4.40 | ||
| Sortino ratioReturn per unit of downside risk | +4.51 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 0.97 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 10.23 | -0.32 | +10.55 |
| Martin ratioReturn relative to average drawdown | 36.22 | -0.68 | +36.90 |
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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 | -13.68% | -16.70% | +3.02% |
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 | -7.22% | -10.49% | +3.27% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -17.68% | +12.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 7.73% | -3.87% |
Volatility
SOXY vs. WM - Volatility Comparison
YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a higher volatility of 20.19% compared to Waste Management, Inc. (WM) at 6.58%. 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 | 20.19% | 6.58% | +13.61% |
Volatility (6M)Calculated over the trailing 6-month period | 29.34% | 14.22% | +15.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.96% | 19.24% | +14.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.83% | 18.65% | +18.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.83% | 19.57% | +17.26% |
Dividends
SOXY vs. WM - Dividend Comparison
SOXY's dividend yield for the trailing twelve months is around 7.38%, more than WM's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXY YieldMax Target 12™ Semiconductor Option Income ETF | 7.38% | 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. | 1.62% | 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 -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXY has higher volatility (20.19%) compared to WM (6.58%). In terms of maximum drawdown, SOXY dropped -30.22% vs WM's -77.85%.
SOXY currently has the higher Sharpe Ratio (4.12 vs -0.28), 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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