Data as of .
SOXY vs WEPN: which paid, and which earned it?
SOXY and WEPN both write options for income.
What they hold in common
By the books each fund has filed, SOXY and WEPN hold 0% of their money in the same securities at the same weight.
| Only in SOXY | Only in WEPN |
|---|---|
| NVIDIA Corp 6.50% | Invesco DB Base Metals Fund 6.48% |
| Marvell Technology Inc 5.71% | AeroVironment Inc 5.72% |
| Intel Corp 5.71% | Palo Alto Networks Inc 4.93% |
| Broadcom Inc 5.67% | Crowdstrike Holdings Inc 4.82% |
| ARM Holdings PLC 5.07% | VanEck Steel ETF 4.28% |
| ASML Holding NV 4.52% | BWX Technologies Inc 4.14% |
| Advanced Micro Devices Inc 4.22% | Ondas Inc 4.02% |
| Micron Technology Inc 4.21% | Palantir Technologies Inc 3.99% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| SOXY | WEPN | SOXY | WEPN | SOXY | WEPN | |
| 3 months | −16.9% | +0.6% | 2.5% | 3.0% | −3.7 pts | +11.0 pts |
| 6 months | +52.4% | +1.1% | 8.4% | 6.2% | +3.5 pts | +4.9 pts |
| 1 year | +84.9% | not published | 16.4% | not published | +3.5 pts | not published |
| Since launch | +123.2% | −7.3% | 26.9% | 6.1% | −9.2 pts | +5.2 pts |
| SOXY YieldMax(R) Target 12(TM) Semiconductor Option Income ETF Synthetic covered call on SMH, paying monthly | WEPN Nicholas Defense and Rare Earth Income ETF Option income on ITA, paying weekly | |
|---|---|---|
| Issuer | YieldMax | Nicholas |
| Strategy | synthetic covered call | option income |
| Benchmark | Semiconductors (SMH) | Aerospace and defense (ITA), used as the proxy |
| Pays | monthly | weekly |
| Payout rate, annualized | 11.7% | 11.9% |
| Expense ratio | 1.06% | 1.11% |
| Cash paid, 1 year | 16.4% | 6.1% (since launch on Mar 3, 2026) |
| Price change, 1 year | +64.1% | −13.3% |
| Total return, 1 year | +84.9% | −7.3% (since launch on Mar 3, 2026) |
| Benchmark return, 1 year | +81.3% | −12.5% |
| Ahead or behind | +3.5 pts | +5.2 pts |
| Return of capital, latest estimate | 95% | not published |
| Age | 654 days | 199 days |
| Net assets | $66m | $6m |
SOXY in plain words
Over the year to Sep 18, 2026, SOXY paid 16.4% of its starting value in cash distributions while its price rose 64.1%. With every distribution reinvested, the fund returned +84.9%. Semiconductors (SMH) returned +81.3% over the same days, so a holder was ahead by 3.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 11.7%, paid monthly. YieldMax estimates that 95% of the distribution paid Sep 3, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
WEPN in plain words
Over the period since launch on Mar 3, 2026 to Sep 18, 2026, WEPN paid 6.1% of its starting value in cash distributions while its price fell 13.3%. With every distribution reinvested, the fund returned −7.3%. Aerospace and defense (ITA), used as the proxy returned −12.5% over the same days, so a holder was ahead by 5.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 11.9%, paid weekly.
Questions people ask
- Which is cheaper, SOXY or WEPN?
- SOXY charges 1.06% a year and WEPN charges 1.11%, so SOXY is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, SOXY against WEPN, data as of Sep 18, 2026. https://etfiq.com/compare/income/soxy-vs-wepn Free to use with attribution; the underlying files are at Open data.