SPIN vs. SOXY

Last updated Aug 6, 2026

SPIN (State Street US Equity Premium Income ETF) and SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, SPIN returned 16.40% vs 99.08% for SOXY. Their 0.71 correlation means they have sometimes moved together and sometimes differently. SPIN charges 0.25%/yr vs 1.06%/yr for SOXY.

Performance

SPIN vs. SOXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street US Equity Premium Income ETF (SPIN) and YieldMax Target 12™ Semiconductor Option Income ETF (SOXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPIN achieves a 6.75% return, which is significantly lower than SOXY's 64.23% return.

SPIN

• 1D: -0.02%
• 1M: 3.46%
• 6M: 6.99%
• YTD: 6.75%
• 1Y: 16.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.57%

SOXY

• 1D: -3.47%
• 1M: -10.67%
• 6M: 52.23%
• YTD: 64.23%
• 1Y: 99.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 61.55%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	$1.70M	$2.35M	$2.05M
SPIN State Street US Equity Premium Income ETF	$56.66K	$85.51K	$117.20K

SPIN vs. SOXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SPIN State Street US Equity Premium Income ETF	6.75%	14.14%	-2.14%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	64.23%	37.00%	-0.99%

Correlation

The correlation between SPIN and SOXY is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.72

The correlation between SPIN and SOXY has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.

SPIN vs. SOXY - Sectors Allocation Comparison

Sectors	SPIN	SOXY
Technology	39.0%	100.0%
Financial Services	12.3%	0.1%
Communication Services	11.1%	0.0%
Healthcare	8.7%	0.0%
Industrials	8.6%	0.0%
Consumer Cyclical	8.2%	0.0%
Consumer Defensive	3.7%	0.0%
Energy	2.5%	0.0%
Basic Materials	2.4%	0.0%
Utilities	1.9%	0.0%
Real Estate	1.5%	-

Return for Risk

SPIN vs. SOXY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPIN

SPIN Risk / Return Rank: 48
SPIN Sharpe Ratio Rank: 51
SPIN Sortino Ratio Rank: 48
SPIN Omega Ratio Rank: 50
SPIN Calmar Ratio Rank: 41
SPIN Martin Ratio Rank: 51

SOXY

SOXY Risk / Return Rank: 85
SOXY Sharpe Ratio Rank: 91
SOXY Sortino Ratio Rank: 79
SOXY Omega Ratio Rank: 82
SOXY Calmar Ratio Rank: 84
SOXY Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPIN vs. SOXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street US Equity Premium Income ETF (SPIN) and YieldMax Target 12™ Semiconductor Option Income ETF (SOXY). 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.

	SPIN	SOXY	Difference
Sharpe ratio: Return per unit of total volatility	1.42	2.46	-1.04
Sortino ratio: Return per unit of downside risk	1.99	2.87	-0.88
Omega ratio: Gain probability vs. loss probability	1.26	1.39	-0.12
Calmar ratio: Return relative to maximum drawdown	1.68	3.49	-1.81
Martin ratio: Return relative to average drawdown	6.72	15.00	-8.27

SPIN vs. SOXY - Sharpe Ratio Comparison

The current SPIN Sharpe Ratio is 1.42, which is lower than the SOXY Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of SPIN and SOXY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPIN vs. SOXY - Drawdown Comparison

The maximum SPIN drawdown since its inception was -16.85%, smaller than the maximum SOXY drawdown of -30.22%. Use the drawdown chart below to compare losses from any high point for SPIN and SOXY.

Drawdown Indicators

	SPIN	SOXY	Difference
Max Drawdown Largest peak-to-trough decline	-16.85%	-30.22%	+13.37%
Max Drawdown (1Y) Largest decline over 1 year	-9.81%	-28.56%	+18.75%
Current Drawdown Current decline from peak	-0.02%	-18.79%	+18.77%
Average Drawdown Average peak-to-trough decline	-2.20%	-5.58%	+3.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	6.63%	-4.18%

Volatility

SPIN vs. SOXY - Volatility Comparison

The current volatility for State Street US Equity Premium Income ETF (SPIN) is 3.81%, while YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a volatility of 18.52%. This indicates that SPIN experiences smaller price fluctuations and is considered to be less risky than SOXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPIN	SOXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	18.52%	-14.71%
Volatility (6M) Calculated over the trailing 6-month period	8.89%	36.18%	-27.29%
Volatility (1Y) Calculated over the trailing 1-year period	11.60%	40.44%	-28.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.27%	39.58%	-25.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.27%	39.58%	-25.31%

SPIN vs. SOXY - Expense Ratio Comparison

SPIN has a 0.25% expense ratio, which is lower than SOXY's 1.06% expense ratio.

Dividends

SPIN vs. SOXY - Dividend Comparison

SPIN's dividend yield for the trailing twelve months is around 4.84%, less than SOXY's 10.14% yield.

Position	TTM	2025	2024
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	10.14%	11.47%	0.00%
SPIN State Street US Equity Premium Income ETF	4.84%	8.20%	2.36%

Frequently Asked Questions

Can I hold both SPIN and SOXY in my portfolio?

SPIN and SOXY have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPIN or SOXY?

SOXY has higher volatility (18.52%) compared to SPIN (3.81%). In terms of maximum drawdown, SPIN dropped -16.85% vs SOXY's -30.22%.

Which ETF is better, SPIN or SOXY?

On 1-year performance, SOXY leads with 99.08% vs 16.40% for SPIN. On fees, SPIN is cheaper at 0.25% per year. On volatility, SPIN has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPIN or SOXY?

Over the 1-year period, SOXY has performed better with a 99.08% return vs 16.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPIN or SOXY?

SPIN is cheaper with a 0.25% expense ratio, compared with 1.06% for SOXY.

Which ETF pays a higher dividend yield, SPIN or SOXY?

SOXY has the higher dividend yield at 10.14%, compared with 4.84% for SPIN.

What is the main difference between SPIN and SOXY?

They also come from different issuers: State Street and YieldMax. Their fees differ too: 0.25% for SPIN and 1.06% for SOXY.

Which has better risk-adjusted returns?

SOXY currently has the higher Sharpe Ratio (2.46 vs 1.42), 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.