YNOT vs. SOXX

Last updated Jun 4, 2026

YNOT (Horizon Digital Frontier ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - YNOT is a Technology Equities fund actively managed by Horizon, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. YNOT is actively managed, while SOXX is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. YNOT charges 0.75%/yr vs 0.34%/yr for SOXX.

Performance

YNOT vs. SOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Digital Frontier ETF (YNOT) and iShares Semiconductor ETF (SOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YNOT achieves a 21.63% return, which is significantly lower than SOXX's 104.57% return.

YNOT

• 1D: -1.88%
• 1M: 8.38%
• YTD: 21.63%
• 6M: 20.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXX

• 1D: 1.76%
• 1M: 33.25%
• YTD: 104.57%
• 6M: 99.43%
• 1Y: 190.05%
• 3Y*: 57.39%
• 5Y*: 34.50%
• 10Y*: 35.79%

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

YNOT vs. SOXX - Yearly Performance Comparison

	2026 (YTD)	2025
YNOT Horizon Digital Frontier ETF	21.63%	11.82%
SOXX iShares Semiconductor ETF	104.57%	22.58%

Correlation

The correlation between YNOT and SOXX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.79

YNOT vs. SOXX - Sectors Allocation Comparison

Sectors	YNOT	SOXX
Technology	47.3%	100.0%
Industrials	17.2%	-
Communication Services	13.4%	-
Consumer Cyclical	8.9%	-
Basic Materials	8.4%	-
Financial Services	1.9%	-
Utilities	1.4%	-
Healthcare	0.8%	-
Energy	0.7%	-
Consumer Defensive	-	-
Real Estate	-	-

Return for Risk

YNOT vs. SOXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOXX

SOXX Risk / Return Rank: 97
SOXX Sharpe Ratio Rank: 98
SOXX Sortino Ratio Rank: 95
SOXX Omega Ratio Rank: 95
SOXX Calmar Ratio Rank: 97
SOXX Martin Ratio Rank: 97

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.

YNOT vs. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Digital Frontier ETF (YNOT) and iShares Semiconductor ETF (SOXX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	YNOT	SOXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.61	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.96	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.77	0.45	+1.33

Drawdowns

YNOT vs. SOXX - Drawdown Comparison

The maximum YNOT drawdown since its inception was -16.73%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for YNOT and SOXX.

Drawdown Indicators

	YNOT	SOXX	Difference
Max Drawdown Largest peak-to-trough decline	-16.73%	-70.21%	+53.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.77%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-41.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-45.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.75%	—
Current Drawdown Current decline from peak	-1.88%	0.00%	-1.88%
Average Drawdown Average peak-to-trough decline	-3.74%	-19.97%	+16.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.11%	—

Volatility

Volatility by Period

	YNOT	SOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.11%	34.18%	-11.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.11%	36.11%	-13.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.11%	33.43%	-10.32%

YNOT vs. SOXX - Expense Ratio Comparison

YNOT has a 0.75% expense ratio, which is higher than SOXX's 0.34% expense ratio.

Dividends

YNOT vs. SOXX - Dividend Comparison

YNOT has not paid dividends to shareholders, while SOXX's dividend yield for the trailing twelve months is around 0.27%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SOXX iShares Semiconductor ETF	0.27%	0.57%	0.67%	0.78%	1.26%	0.64%	0.81%	1.23%	1.37%	0.90%	1.08%	1.29%
YNOT Horizon Digital Frontier ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YNOT and SOXX in my portfolio?

YNOT and SOXX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YNOT or SOXX?

On fees, SOXX is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YNOT or SOXX?

SOXX is cheaper with a 0.34% expense ratio, compared with 0.75% for YNOT.

Which ETF pays a higher dividend yield, YNOT or SOXX?

SOXX has the higher dividend yield at 0.27%, compared with 0.00% for YNOT.

What is the main difference between YNOT and SOXX?

YNOT is categorized as Technology Equities, while SOXX is Semiconductors. They also come from different issuers: Horizon and iShares. Their fees differ too: 0.75% for YNOT and 0.34% for SOXX.