CBOE vs. CHPY
CBOE (Cboe Global Markets, Inc.) is a stock, while CHPY (YieldMax Semiconductor Portfolio Option Income ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, CBOE returned 19.16% vs 108.16% for CHPY. At a correlation of -0.24, they often move in opposite directions.
Performance
CBOE vs. CHPY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CBOE achieves a 10.91% return, which is significantly lower than CHPY's 70.96% return.
CBOE
- 1D
- 3.38%
- 1M
- -6.03%
- 6M
- 5.47%
- YTD
- 10.91%
- 1Y
- 19.16%
- 3Y*
- 26.54%
- 5Y*
- 20.58%
- 10Y*
- 16.52%
CHPY
- 1D
- -4.62%
- 1M
- -4.92%
- 6M
- 57.62%
- YTD
- 70.96%
- 1Y
- 108.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBOE vs. CHPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CBOE Cboe Global Markets, Inc. | 10.91% | 12.78% |
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 70.96% | 56.76% |
Correlation
The correlation between CBOE and CHPY is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025 | -0.24 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CBOE vs. CHPY — Risk / Return Rank
CBOE
CHPY
CBOE vs. CHPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cboe Global Markets, Inc. (CBOE) 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.
| CBOE | CHPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.48 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 8.11 | -7.58 |
| Martin ratioReturn relative to average drawdown | 1.92 | 27.19 | -25.27 |
Loading charts...
Drawdowns
CBOE vs. CHPY - Drawdown Comparison
The maximum CBOE drawdown since its inception was -43.23%, which is greater than CHPY's maximum drawdown of -13.41%. Use the drawdown chart below to compare losses from any high point for CBOE and CHPY.
Loading charts...
Drawdown Indicators
| CBOE | CHPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.23% | -13.41% | -29.82% |
Max Drawdown (1Y)Largest decline over 1 year | -36.73% | -13.41% | -23.32% |
Max Drawdown (3Y)Largest decline over 3 years | -36.73% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -36.73% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.23% | — | — |
Current DrawdownCurrent decline from peak | -24.27% | -12.94% | -11.33% |
Average DrawdownAverage peak-to-trough decline | -11.49% | -2.38% | -9.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.01% | 3.99% | +6.02% |
Volatility
CBOE vs. CHPY - Volatility Comparison
The current volatility for Cboe Global Markets, Inc. (CBOE) is 15.84%, while YieldMax Semiconductor Portfolio Option Income ETF (CHPY) has a volatility of 19.81%. This indicates that CBOE 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.
Loading charts...
Volatility by Period
| CBOE | CHPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.84% | 19.81% | -3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 28.24% | 30.94% | -2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.12% | 35.39% | -4.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.05% | 37.72% | -13.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.77% | 37.72% | -11.95% |
Dividends
CBOE vs. CHPY - Dividend Comparison
CBOE's dividend yield for the trailing twelve months is around 1.04%, less than CHPY's 33.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBOE Cboe Global Markets, Inc. | 1.04% | 1.08% | 1.21% | 1.18% | 1.56% | 1.38% | 1.68% | 1.12% | 1.19% | 0.83% | 1.30% | 1.36% |
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 33.70% | 28.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CBOE and CHPY have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CHPY has higher volatility (19.81%) compared to CBOE (15.84%). In terms of maximum drawdown, CBOE dropped -43.23% vs CHPY's -13.41%.
CHPY currently has the higher Sharpe Ratio (3.08 vs 0.62), 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.
Find the right allocation for CBOE and CHPY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer