BIGY vs. CHPY

Last updated Jun 5, 2026

BIGY ( YieldMax Target 12™ Big 50 Option Income ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both Derivative Income funds from YieldMax. Both are actively managed. Over the past year, BIGY returned 25.81% vs 143.61% for CHPY. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

BIGY vs. CHPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Target 12™ Big 50 Option Income ETF (BIGY) and YieldMax Semiconductor Portfolio Option Income ETF (CHPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BIGY achieves a 7.08% return, which is significantly lower than CHPY's 82.97% return.

BIGY

• 1D: 0.39%
• 1M: 3.13%
• YTD: 7.08%
• 6M: 7.27%
• 1Y: 25.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CHPY

• 1D: -1.51%
• 1M: 23.37%
• YTD: 82.97%
• 6M: 82.98%
• 1Y: 143.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BIGY vs. CHPY - Yearly Performance Comparison

	2026 (YTD)	2025
BIGY YieldMax Target 12™ Big 50 Option Income ETF	7.08%	31.64%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	82.97%	62.91%

Correlation

The correlation between BIGY and CHPY is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	0.69

The correlation between BIGY and CHPY has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.

Return for Risk

BIGY vs. CHPY — Risk / Return Rank

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

BIGY

BIGY Risk / Return Rank: 71
BIGY Sharpe Ratio Rank: 76
BIGY Sortino Ratio Rank: 75
BIGY Omega Ratio Rank: 76
BIGY Calmar Ratio Rank: 63
BIGY Martin Ratio Rank: 67

CHPY

CHPY Risk / Return Rank: 97
CHPY Sharpe Ratio Rank: 98
CHPY Sortino Ratio Rank: 96
CHPY Omega Ratio Rank: 96
CHPY Calmar Ratio Rank: 97
CHPY 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.

BIGY vs. CHPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Target 12™ Big 50 Option Income ETF (BIGY) and YieldMax Semiconductor Portfolio Option Income ETF (CHPY). 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.

	BIGY	CHPY	Difference
Sharpe ratio: Return per unit of total volatility	2.43	5.23	-2.80
Sortino ratio: Return per unit of downside risk	3.32	5.59	-2.27
Omega ratio: Gain probability vs. loss probability	1.44	1.78	-0.33
Calmar ratio: Return relative to maximum drawdown	3.11	11.88	-8.77
Martin ratio: Return relative to average drawdown	12.20	45.33	-33.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIGY vs. CHPY - Sharpe Ratio Comparison

The current BIGY Sharpe Ratio is 2.43, which is lower than the CHPY Sharpe Ratio of 5.23. The chart below compares the historical Sharpe Ratios of BIGY and CHPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BIGY	CHPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	5.23	-2.80
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	4.71	-3.66

Drawdowns

BIGY vs. CHPY - Drawdown Comparison

The maximum BIGY drawdown since its inception was -18.93%, which is greater than CHPY's maximum drawdown of -12.17%. Use the drawdown chart below to compare losses from any high point for BIGY and CHPY.

Drawdown Indicators

	BIGY	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-18.93%	-12.17%	-6.76%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-12.17%	+3.83%
Current Drawdown Current decline from peak	-0.15%	-1.51%	+1.36%
Average Drawdown Average peak-to-trough decline	-2.55%	-1.98%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	3.18%	-1.06%

Volatility

BIGY vs. CHPY - Volatility Comparison

The current volatility for YieldMax Target 12™ Big 50 Option Income ETF (BIGY) is 1.99%, while YieldMax Semiconductor Portfolio Option Income ETF (CHPY) has a volatility of 11.32%. This indicates that BIGY experiences smaller price fluctuations and is considered to be less risky than CHPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIGY	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.99%	11.32%	-9.33%
Volatility (6M) Calculated over the trailing 6-month period	7.73%	22.41%	-14.68%
Volatility (1Y) Calculated over the trailing 1-year period	10.66%	27.61%	-16.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.76%	33.16%	-16.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.76%	33.16%	-16.40%

BIGY vs. CHPY - Expense Ratio Comparison

Both BIGY and CHPY have an expense ratio of 0.99%.

Dividends

BIGY vs. CHPY - Dividend Comparison

BIGY's dividend yield for the trailing twelve months is around 11.65%, less than CHPY's 28.83% yield.

Position	TTM	2025
BIGY YieldMax Target 12™ Big 50 Option Income ETF	11.65%	12.49%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	28.83%	28.19%

Frequently Asked Questions

Can I hold both BIGY and CHPY in my portfolio?

BIGY and CHPY have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BIGY or CHPY?

CHPY has higher volatility (11.32%) compared to BIGY (1.99%). In terms of maximum drawdown, BIGY dropped -18.93% vs CHPY's -12.17%.

Which ETF is better, BIGY or CHPY?

On 1-year performance, CHPY leads with 143.61% vs 25.81% for BIGY. Both ETFs have the same 0.99% expense ratio. On volatility, BIGY has been the lower-risk option at 1.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BIGY or CHPY?

Over the 1-year period, CHPY has performed better with a 143.61% return vs 25.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BIGY or CHPY?

BIGY and CHPY have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, BIGY or CHPY?

CHPY has the higher dividend yield at 28.83%, compared with 11.65% for BIGY.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (5.23 vs 2.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.