SPYT vs. SOXY

Last updated Aug 4, 2026

SPYT (Defiance S&P 500 Income Target ETF) and SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, SPYT returned 19.79% vs 95.22% for SOXY. Their 0.74 correlation means they have sometimes moved together and sometimes differently. SPYT charges 0.87%/yr vs 1.06%/yr for SOXY.

Performance

SPYT vs. SOXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance S&P 500 Income Target ETF (SPYT) 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, SPYT achieves a 10.78% return, which is significantly lower than SOXY's 59.66% return.

SPYT

• 1D: 1.33%
• 1M: 1.74%
• 6M: 8.87%
• YTD: 10.78%
• 1Y: 19.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.38%

SOXY

• 1D: 0.84%
• 1M: -11.28%
• 6M: 41.13%
• YTD: 59.66%
• 1Y: 95.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 59.08%

*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	$2.13M	$2.40M	$2.09M
SPYT Defiance S&P 500 Income Target ETF	$1.79M	$1.76M	$2.31M

SPYT vs. SOXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SPYT Defiance S&P 500 Income Target ETF	10.78%	12.41%	-2.37%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	59.66%	37.00%	-0.99%

Correlation

The correlation between SPYT and SOXY is 0.73, 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.	0.73
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.74

The correlation between SPYT and SOXY has been stable across timeframes, ranging from 0.73 to 0.74 - a consistent structural relationship.

SPYT vs. SOXY - Sectors Allocation Comparison

Sectors	SPYT	SOXY
Technology	38.5%	100.0%
Financial Services	11.6%	0.1%
Communication Services	9.9%	0.0%
Consumer Cyclical	9.5%	0.0%
Healthcare	8.9%	0.0%
Industrials	8.4%	0.0%
Consumer Defensive	4.5%	0.0%
Energy	3.0%	0.0%
Utilities	2.2%	0.0%
Real Estate	1.8%	-
Basic Materials	1.7%	0.0%

Return for Risk

SPYT vs. SOXY — Risk / Return Rank

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

SPYT

SPYT Risk / Return Rank: 74
SPYT Sharpe Ratio Rank: 72
SPYT Sortino Ratio Rank: 70
SPYT Omega Ratio Rank: 76
SPYT Calmar Ratio Rank: 69
SPYT Martin Ratio Rank: 79

SOXY

SOXY Risk / Return Rank: 87
SOXY Sharpe Ratio Rank: 92
SOXY Sortino Ratio Rank: 84
SOXY Omega Ratio Rank: 85
SOXY Calmar Ratio Rank: 85
SOXY Martin Ratio Rank: 90

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.

SPYT vs. SOXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance S&P 500 Income Target ETF (SPYT) 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.

	SPYT	SOXY	Difference
Sharpe ratio: Return per unit of total volatility	1.70	2.41	-0.71
Sortino ratio: Return per unit of downside risk	2.35	2.81	-0.46
Omega ratio: Gain probability vs. loss probability	1.33	1.38	-0.05
Calmar ratio: Return relative to maximum drawdown	2.48	3.35	-0.87
Martin ratio: Return relative to average drawdown	10.61	14.82	-4.21

SPYT vs. SOXY - Sharpe Ratio Comparison

The current SPYT Sharpe Ratio is 1.70, which is comparable to the SOXY Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of SPYT 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

SPYT vs. SOXY - Drawdown Comparison

The maximum SPYT drawdown since its inception was -18.25%, smaller than the maximum SOXY drawdown of -30.22%. Use the drawdown chart below to compare losses from any high point for SPYT and SOXY.

Drawdown Indicators

	SPYT	SOXY	Difference
Max Drawdown Largest peak-to-trough decline	-18.25%	-30.22%	+11.97%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	-28.56%	+20.56%
Current Drawdown Current decline from peak	0.00%	-21.05%	+21.05%
Average Drawdown Average peak-to-trough decline	-1.97%	-5.53%	+3.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	6.45%	-4.58%

Volatility

SPYT vs. SOXY - Volatility Comparison

The current volatility for Defiance S&P 500 Income Target ETF (SPYT) is 3.43%, while YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a volatility of 17.94%. This indicates that SPYT 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

	SPYT	SOXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	17.94%	-14.51%
Volatility (6M) Calculated over the trailing 6-month period	9.48%	35.55%	-26.07%
Volatility (1Y) Calculated over the trailing 1-year period	11.74%	39.88%	-28.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.74%	39.26%	-24.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.74%	39.26%	-24.52%

SPYT vs. SOXY - Expense Ratio Comparison

SPYT has a 0.87% expense ratio, which is lower than SOXY's 1.06% expense ratio.

Dividends

SPYT vs. SOXY - Dividend Comparison

SPYT's dividend yield for the trailing twelve months is around 20.92%, more than SOXY's 9.34% yield.

Position	TTM	2025	2024
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	9.34%	11.47%	0.00%
SPYT Defiance S&P 500 Income Target ETF	20.92%	21.40%	17.37%

Frequently Asked Questions

Can I hold both SPYT and SOXY in my portfolio?

SPYT and SOXY have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPYT or SOXY?

SOXY has higher volatility (17.94%) compared to SPYT (3.43%). In terms of maximum drawdown, SPYT dropped -18.25% vs SOXY's -30.22%.

Which ETF is better, SPYT or SOXY?

On 1-year performance, SOXY leads with 95.22% vs 19.79% for SPYT. On fees, SPYT is cheaper at 0.87% per year. On volatility, SPYT has been the lower-risk option at 3.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPYT or SOXY?

Over the 1-year period, SOXY has performed better with a 95.22% return vs 19.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPYT or SOXY?

SPYT is cheaper with a 0.87% expense ratio, compared with 1.06% for SOXY.

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

SPYT has the higher dividend yield at 20.92%, compared with 9.34% for SOXY.

What is the main difference between SPYT and SOXY?

They also come from different issuers: Defiance and YieldMax. Their fees differ too: 0.87% for SPYT and 1.06% for SOXY.

Which has better risk-adjusted returns?

SOXY currently has the higher Sharpe Ratio (2.41 vs 1.70), 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.