SOXY vs. XYLU.L
SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) and XYLU.L (Global X S&P 500 Covered Call UCITS ETF USD) are both Derivative Income funds. SOXY is actively managed, while XYLU.L is passively managed. Over the past year, SOXY returned 154.02% vs 18.41% for XYLU.L. At a 0.48 correlation, their price movements are largely independent. SOXY charges 0.99%/yr vs 0.45%/yr for XYLU.L.
Performance
SOXY vs. XYLU.L - Performance Comparison
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Returns By Period
In the year-to-date period, SOXY achieves a 89.69% return, which is significantly higher than XYLU.L's 5.25% return.
SOXY
- 1D
- 0.87%
- 1M
- 31.46%
- YTD
- 89.69%
- 6M
- 88.39%
- 1Y
- 154.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XYLU.L
- 1D
- 0.03%
- 1M
- 2.42%
- YTD
- 5.25%
- 6M
- 6.58%
- 1Y
- 18.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXY vs. XYLU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SOXY YieldMax Target 12™ Semiconductor Option Income ETF | 89.69% | 37.00% | -1.18% |
XYLU.L Global X S&P 500 Covered Call UCITS ETF USD | 5.25% | 7.85% | 2.00% |
Correlation
The correlation between SOXY and XYLU.L is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024 | 0.48 |
The correlation between SOXY and XYLU.L has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.
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Return for Risk
SOXY vs. XYLU.L — Risk / Return Rank
SOXY
XYLU.L
SOXY vs. XYLU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) and Global X S&P 500 Covered Call UCITS ETF USD (XYLU.L). 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 | XYLU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.57 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 11.33 | 3.55 | +7.78 |
| Martin ratioReturn relative to average drawdown | 42.65 | 18.62 | +24.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SOXY | XYLU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.32 | 2.66 | +2.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.57 | 1.11 | +1.46 |
Drawdowns
SOXY vs. XYLU.L - Drawdown Comparison
The maximum SOXY drawdown since its inception was -30.22%, which is greater than XYLU.L's maximum drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for SOXY and XYLU.L.
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Drawdown Indicators
| SOXY | XYLU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.22% | -17.20% | -13.02% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -5.17% | -8.51% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -2.02% | -2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 0.99% | +2.64% |
Volatility
SOXY vs. XYLU.L - Volatility Comparison
YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a higher volatility of 12.85% compared to Global X S&P 500 Covered Call UCITS ETF USD (XYLU.L) at 1.53%. This indicates that SOXY's price experiences larger fluctuations and is considered to be riskier than XYLU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXY | XYLU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.85% | 1.53% | +11.32% |
Volatility (6M)Calculated over the trailing 6-month period | 24.06% | 5.46% | +18.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.20% | 6.90% | +22.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.56% | 10.45% | +24.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.56% | 10.45% | +24.11% |
SOXY vs. XYLU.L - Expense Ratio Comparison
SOXY has a 0.99% expense ratio, which is higher than XYLU.L's 0.45% expense ratio.
Dividends
SOXY vs. XYLU.L - Dividend Comparison
SOXY's dividend yield for the trailing twelve months is around 7.74%, less than XYLU.L's 9.21% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SOXY YieldMax Target 12™ Semiconductor Option Income ETF | 7.74% | 11.47% | 0.00% | 0.00% |
XYLU.L Global X S&P 500 Covered Call UCITS ETF USD | 9.21% | 10.48% | 8.49% | 3.88% |
Frequently Asked Questions
SOXY and XYLU.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XYLU.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XYLU.L is cheaper with a 0.45% expense ratio, compared with 0.99% for SOXY.
They also come from different issuers: YieldMax and Global X. Their fees differ too: 0.99% for SOXY and 0.45% for XYLU.L.
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