Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in income testing 3, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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The earliest data available for this chart is Apr 3, 2025, corresponding to the inception date of CHPY
Returns By Period
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -4.18% | -3.84% | -1.98% | 21.98% | 16.86% | 10.37% | 12.29% |
Portfolio income testing 3 | -0.24% | -4.43% | 5.03% | -0.56% | 28.53% | — | — | — |
| Portfolio components: | ||||||||
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 0.13% | -2.81% | -1.76% | 2.45% | 25.83% | 19.59% | — | — |
JEPI JPMorgan Equity Premium Income ETF | 0.07% | -3.74% | 0.53% | 2.94% | 11.19% | 9.62% | 8.34% | — |
MSTY YieldMax™ MSTR Option Income Strategy ETF | -1.82% | -13.17% | -16.31% | -58.02% | -49.73% | — | — | — |
MRNY YieldMax MRNA Option Income Strategy ETF | -0.86% | -8.49% | 53.93% | 54.81% | 63.58% | — | — | — |
CHPY YieldMax Semiconductor Portfolio Option Income ETF | -0.55% | 0.28% | 11.88% | 20.81% | 82.26% | — | — | — |
ULTY YieldMax Ultra Option Income Strategy ETF | 0.46% | -4.81% | -2.65% | -19.01% | 16.76% | — | — | — |
Monthly Returns
Based on dividend-adjusted daily data since Apr 4, 2025, income testing 3's average daily return is +0.11%, while the average monthly return is +2.04%. At this rate, your investment would double in approximately 2.9 years.
Historically, 77% of months were positive and 23% were negative. The best month was Apr 2025 with a return of +8.1%, while the worst month was Nov 2025 at -5.7%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 1 months.
On a daily basis, income testing 3 closed higher 58% of trading days. The best single day was Apr 9, 2025 with a return of +11.8%, while the worst single day was Apr 10, 2025 at -4.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.19% | 1.79% | -4.06% | 0.33% | 5.03% | ||||||||
| 2025 | 8.10% | 5.02% | 7.53% | 2.03% | -2.50% | 4.17% | 1.97% | -5.70% | 0.60% | 22.37% |
Benchmark Metrics
income testing 3 has an annualized alpha of 2.26%, beta of 1.20, and R² of 0.80 versus S&P 500 Index. Calculated based on daily prices since April 04, 2025.
- This portfolio captured 103.82% of S&P 500 Index gains but only 31.33% of its losses — a favorable profile for investors.
- This portfolio generated an annualized alpha of 2.26% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.26%
- Beta
- 1.20
- R²
- 0.80
- Upside Capture
- 103.82%
- Downside Capture
- 31.33%
Expense Ratio
income testing 3 has an expense ratio of 0.76%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Return / Risk — by metrics
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 61 | 1.07 | 1.63 | 1.26 | 1.75 | 8.55 |
JEPI JPMorgan Equity Premium Income ETF | 29 | 0.58 | 0.92 | 1.15 | 0.79 | 3.80 |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 1 | -0.85 | -1.28 | 0.85 | -0.74 | -1.31 |
MRNY YieldMax MRNA Option Income Strategy ETF | 51 | 1.02 | 1.68 | 1.20 | 1.78 | 3.56 |
CHPY YieldMax Semiconductor Portfolio Option Income ETF | — | — | — | — | — | — |
ULTY YieldMax Ultra Option Income Strategy ETF | 20 | 0.39 | 0.69 | 1.09 | 0.46 | 1.00 |
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Dividends
Dividend yield
income testing 3 provided a 78.63% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
| Portfolio | 78.63% | 82.28% | 54.27% | 4.02% | 4.00% | 0.66% | 0.58% |
| Portfolio components: | |||||||
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 11.12% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 8.46% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 314.69% | 294.61% | 104.56% | 0.00% | 0.00% | 0.00% | 0.00% |
MRNY YieldMax MRNA Option Income Strategy ETF | 92.26% | 145.98% | 178.49% | 1.75% | 0.00% | 0.00% | 0.00% |
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 39.23% | 28.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ULTY YieldMax Ultra Option Income Strategy ETF | 129.55% | 142.99% | 111.70% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the income testing 3. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the income testing 3 was 11.89%, occurring on Nov 20, 2025. Recovery took 35 trading sessions.
The current income testing 3 drawdown is 4.75%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.89% | Oct 7, 2025 | 33 | Nov 20, 2025 | 35 | Jan 13, 2026 | 68 |
| -8.7% | Feb 26, 2026 | 23 | Mar 30, 2026 | — | — | — |
| -7.96% | Jan 23, 2026 | 10 | Feb 5, 2026 | 13 | Feb 25, 2026 | 23 |
| -7.5% | Apr 4, 2025 | 3 | Apr 8, 2025 | 1 | Apr 9, 2025 | 4 |
| -5.41% | Jul 18, 2025 | 33 | Sep 3, 2025 | 20 | Oct 1, 2025 | 53 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 6 assets, with an effective number of assets of 5.00, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | MRNY | MSTY | JEPI | CHPY | ULTY | JEPQ | Portfolio | |
|---|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.41 | 0.46 | 0.76 | 0.75 | 0.74 | 0.93 | 0.82 |
| MRNY | 0.41 | 1.00 | 0.30 | 0.48 | 0.35 | 0.39 | 0.33 | 0.64 |
| MSTY | 0.46 | 0.30 | 1.00 | 0.34 | 0.41 | 0.60 | 0.46 | 0.69 |
| JEPI | 0.76 | 0.48 | 0.34 | 1.00 | 0.50 | 0.46 | 0.63 | 0.62 |
| CHPY | 0.75 | 0.35 | 0.41 | 0.50 | 1.00 | 0.70 | 0.82 | 0.81 |
| ULTY | 0.74 | 0.39 | 0.60 | 0.46 | 0.70 | 1.00 | 0.75 | 0.86 |
| JEPQ | 0.93 | 0.33 | 0.46 | 0.63 | 0.82 | 0.75 | 1.00 | 0.82 |
| Portfolio | 0.82 | 0.64 | 0.69 | 0.62 | 0.81 | 0.86 | 0.82 | 1.00 |