SOXY vs. WM

Last updated Jun 4, 2026

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 154.02% vs -7.86% for WM. At a correlation of -0.15, they often move in opposite directions.

Performance

SOXY vs. WM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) and Waste Management, Inc. (WM). 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 WM's -0.38% return.

SOXY

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

WM

• 1D: 2.86%
• 1M: -4.32%
• YTD: -0.38%
• 6M: 1.65%
• 1Y: -7.86%
• 3Y*: 11.27%
• 5Y*: 10.77%
• 10Y*: 15.51%

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

SOXY vs. WM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	89.69%	37.00%	-1.18%
WM Waste Management, Inc.	-0.38%	10.50%	-10.02%

Correlation

The correlation between SOXY and WM is -0.28, 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	-0.28
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	-0.15

The correlation between SOXY and WM shifts across timeframes, from -0.28 (1 year) to -0.15 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SOXY vs. WM — 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

WM

WM Risk / Return Rank: 21
WM Sharpe Ratio Rank: 22
WM Sortino Ratio Rank: 19
WM Omega Ratio Rank: 20
WM Calmar Ratio Rank: 25
WM Martin Ratio Rank: 19

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. 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.

	SOXY	WM	Difference
Sharpe ratio: Return per unit of total volatility	5.32	-0.43	+5.74
Sortino ratio: Return per unit of downside risk	5.53	-0.48	+6.01
Omega ratio: Gain probability vs. loss probability	1.75	0.94	+0.81
Calmar ratio: Return relative to maximum drawdown	11.33	-0.46	+11.79
Martin ratio: Return relative to average drawdown	42.65	-1.04	+43.69
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. WM - Sharpe Ratio Comparison

The current SOXY Sharpe Ratio is 5.32, which is higher than the WM Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of SOXY and WM, 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	WM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.32	-0.43	+5.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.57	0.36	+2.21

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.

Drawdown Indicators

	SOXY	WM	Difference
Max Drawdown Largest peak-to-trough decline	-30.22%	-77.85%	+47.63%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-17.04%	+3.36%
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 Drawdown Current decline from peak	0.00%	-11.21%	+11.21%
Average Drawdown Average peak-to-trough decline	-4.94%	-17.69%	+12.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	7.92%	-4.29%

Volatility

SOXY vs. WM - Volatility Comparison

YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a higher volatility of 12.85% compared to Waste Management, Inc. (WM) at 5.88%. 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.

Volatility by Period

	SOXY	WM	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.85%	5.88%	+6.97%
Volatility (6M) Calculated over the trailing 6-month period	24.06%	13.57%	+10.49%
Volatility (1Y) Calculated over the trailing 1-year period	29.20%	18.59%	+10.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.56%	18.53%	+16.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.56%	19.49%	+15.07%

Dividends

SOXY vs. WM - Dividend Comparison

SOXY's dividend yield for the trailing twelve months is around 7.74%, more than WM's 1.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
WM Waste Management, Inc.	1.57%	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

Can I hold both SOXY and WM in my portfolio?

SOXY and WM have a correlation of -0.28, 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 WM?

SOXY has higher volatility (12.85%) compared to WM (5.88%). In terms of maximum drawdown, SOXY dropped -30.22% vs WM's -77.85%.

Which has better risk-adjusted returns?

SOXY currently has the higher Sharpe Ratio (5.32 vs -0.42), 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.