BITK vs. CHPY
BITK (Tuttle Capital Bitcoin 0DTE Covered Call ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both Derivative Income funds. Both are actively managed. Their 0.36 correlation means their historical movements had little consistent relationship. Both charge a 0.99% expense ratio.
Performance
BITK vs. CHPY - Performance Comparison
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Returns By Period
In the year-to-date period, BITK achieves a -30.37% return, which is significantly lower than CHPY's 56.70% return.
BITK
- 1D
- 0.00%
- 1M
- 3.70%
- 6M
- -20.18%
- YTD
- -30.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
CHPY
- 1D
- 0.77%
- 1M
- -10.41%
- 6M
- 38.53%
- YTD
- 56.70%
- 1Y
- 95.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 96.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $3.65K | $34.71K | |
| $51.63M | $53.85M | $60.48M |
BITK vs. CHPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF | -30.37% | -27.15% |
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 56.70% | 12.26% |
Correlation
The correlation between BITK and CHPY is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.36 |
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Return for Risk
BITK vs. CHPY — Risk / Return Rank
BITK
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CHPY
BITK vs. CHPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BITK | CHPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.46 | — |
| Martin ratioReturn relative to average drawdown | — | 15.85 | — |
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Drawdowns
BITK vs. CHPY - Drawdown Comparison
The maximum BITK drawdown since its inception was -57.48%, which is greater than CHPY's maximum drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for BITK and CHPY.
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Drawdown Indicators
| BITK | CHPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.48% | -27.64% | -29.84% |
Max Drawdown (1Y)Largest decline over 1 year | — | -27.64% | — |
Current DrawdownCurrent decline from peak | -53.75% | -20.20% | -33.55% |
Average DrawdownAverage peak-to-trough decline | -38.42% | -3.08% | -35.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.01% | — |
Volatility
BITK vs. CHPY - Volatility Comparison
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Volatility by Period
| BITK | CHPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.01% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 46.80% | 38.24% | +8.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.80% | 39.09% | +7.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.80% | 39.09% | +7.71% |
BITK vs. CHPY - Expense Ratio Comparison
Both BITK and CHPY have an expense ratio of 0.99%.
Dividends
BITK vs. CHPY - Dividend Comparison
BITK's dividend yield for the trailing twelve months is around 49.49%, more than CHPY's 38.40% yield.
| Position | TTM | 2025 |
|---|---|---|
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF | 49.49% | 23.15% |
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 38.40% | 28.19% |
Frequently Asked Questions
BITK and CHPY have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BITK and CHPY have the same expense ratio: 0.99% per year.
BITK has the higher dividend yield at 49.49%, compared with 38.40% for CHPY.
They also come from different issuers: Tuttle and YieldMax.
Find the right allocation for BITK and CHPY
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