Category Review
Index option income was not one bet this year
YieldMax Target 12 Semiconductor Option Income ETF
$91.32−0.66 (−0.72%)
- 1.06%
- $68M
- +85.4%
- 10.31%
- 0M sh
- $94.08
- low $54.28high $115.36
The ETF.net SOXY Grade
D
Score 36 out of 100
- 18 of 25
Score 36 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F17 out of 100Rank 21 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D35 out of 100Rank 19 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 13 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A80 out of 100Rank 5 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C41 out of 100Rank 21 of 25
Our read on SOXY
DYieldMax without the synthetic wrapper. SOXY owns a focused book of 15 to 30 actual chip stocks and sells call spreads against them, aiming at a 12% annualized distribution paid monthly.
The actively managed ETF seeks a 12% annualized distribution target and capital appreciation through a focused portfolio of 15–30 publicly traded semiconductor companies. It generates income by selling call spreads on its holdings while retaining direct equity exposure.
Why people hold it
- Real shares, not a derivative stand-in: the fund holds 15 to 30 semiconductor companies directly, so the equity exposure sits alongside the option income rather than replacing it.yieldmaxetfs.com
- Call spreads, not plain covered calls. Upside is capped inside a band instead of handed away above a single strike, which leaves the chip rally partly intact.yieldmaxetfs.com
- A declared 12% annualized distribution target, paid monthly, gives you a stated yardstick rather than whatever premium the options market happens to throw off that month.yieldmaxetfs.com
Worth knowing
- At 1.06%, the fee sits well above most option-income peers (LQDW runs 0.34%, YLDE 0.47%), so the strategy clears a higher bar before income reaches you.
- The 12% is a target, not a floor. Payouts hinge on option premiums and the path of chip stocks, and the fund's own scoring standing lands in the lower half of its option-income group.
- Young (launched December 2024), lightly traded, and concentrated in one famously cyclical sector, so spreads can be wide and the ride bumpy.
SOXY Holdings
- Stocks
- 70
- 49%
- NVDA
Sectors
- Technology100.0%
Geography
- United States71.43%
- Taiwan10.56%
- Netherlands6.83%
- United Kingdom4.25%
- South Korea3.80%
- Switzerland3.12%
Developed 50% · Emerging 50%
SOXY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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SOXY$18,539
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SOXY |
|---|---|
| Year to date | +69.2% |
| 1 month | +3.0% |
| 3 months | −7.8% |
| 1 year | +85.4% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SOXY |
|---|---|---|
| 2026 YTD | +69.2% | |
| 2025 | +36.8% | |
| 2024 | −1.2% |
SOXY in the news
SOXY Dividends
- 10.31%
- $9.48
- $1.00 per share
- Monthly
Distribution history
SOXY Risk
- 39.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.37
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −30.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 2.20
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SOXY Cost
1.06%
SOXY1.06%
- The middle half of Index Option Income funds
- Median 0.81%
20 of the 25 Index Option Income funds charge less.
Other funds in Index Option Income
- COVSOverlay Shares Small Cap Equity ETFExpense ratio 0.83%1 year return +25.5%
- CTMGNETF Opportunities Trust - Tappalpha Cboe Magnificent 10 Growth & Daily Income ETFExpense ratio 0.88%1 year return —
- DGIAXNicholas Global Equity and Income ETFExpense ratio 1.03%1 year return +19.4%
- DKLIPKraneShares KWEB Covered Call Strategy ETFExpense ratio 0.94%1 year return −10.2%
- DYMAGYieldMax Magnificent 7 Fund of Option Income ETFExpense ratio 1.34%1 year return +15.6%