YieldMax Semiconductor Portfolio Option Income ETF (CHPY) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CHPY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CHPY
CHPY charges 0.99% annually. There are 138 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 27.32M | Nov 2024 | CHPY vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | CHPY vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | CHPY vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | CHPY vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 768.95M | Jul 2024 | CHPY vs QQA |
Best Risk-Adjusted Alternatives to CHPY
CHPY has a PortfoliosLab risk / return rank of 96. No ETFs in the Derivative Income category have higher risk-adjusted ranks; the top alternatives shown here go as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 95 | 34.73M | Nov 2023 | CHPY vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | CHPY vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 91 | 409.32M | Sep 2023 | CHPY vs AMDY | |
| Simplify Treasury Option Income ETF | 87 | 465.86M | Oct 2022 | CHPY vs BUCK | |
| First Trust Nasdaq BuyWrite Income ETF | 87 | 908.39M | Jan 2014 | CHPY vs FTQI |
Top Performing CHPY Alternatives (YTD)
CHPY is at 80.95% YTD. There are 5 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | CHPY vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | CHPY vs CWII | |
| Roundhill ARM WeeklyPay ETF | 287.65% | 17.52M | Oct 2025 | CHPY vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 175.60% | 83.00M | Jul 2025 | CHPY vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.64% | 409.32M | Sep 2023 | CHPY vs AMDY |
Lowest Volatility Alternatives to CHPY
CHPY has 32.59% 1-year volatility. There are 187 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | CHPY vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | CHPY vs HYTI | |
| Main Buywrite ETF | 4.88% | 1.23B | Dec 2015 | CHPY vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | CHPY vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.50% | 50.16M | Aug 2021 | CHPY vs XRMI |
Lowest Drawdown Alternatives to CHPY
CHPY has a 1-year max drawdown of -12.17%. There are 84 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 465.86M | Oct 2022 | CHPY vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | CHPY vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | CHPY vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | CHPY vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | CHPY vs OMAH |
Other ETFs from YieldMax
The 10 most viewed YieldMax ETFs shown here include MSTY, ULTY, YMAX and span 6 categories. AUM among these funds goes as high as $1B.
Often Compared With CHPY
Investors most often compare CHPY with SOXY, GPTY, SMH. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare CHPY with Any Fund or Stock
Compare CHPY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CHPY with funds that move differently
YieldMax Semiconductor Portfolio Option Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CHPY.
Explore CHPY Diversifiers