CHPS vs. CHPY

Last updated Jul 15, 2026

CHPS (Xtrackers Semiconductor Select Equity ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both exchange-traded funds - CHPS is a Semiconductors fund tracking the Solactive Semiconductor ESG Screened Index, while CHPY is a Derivative Income fund actively managed by YieldMax. CHPS is passively managed, while CHPY is actively managed. Over the past year, CHPS returned 156.63% vs 113.35% for CHPY. With a 0.95 correlation, they move nearly in lockstep. CHPS charges 0.15%/yr vs 0.99%/yr for CHPY.

Performance

CHPS vs. CHPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Semiconductor Select Equity ETF (CHPS) 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, CHPS achieves a 92.17% return, which is significantly higher than CHPY's 74.58% return.

CHPS

• 1D: 2.67%
• 1M: -5.95%
• 6M: 72.81%
• YTD: 92.17%
• 1Y: 156.63%
• 3Y*: 54.34%
• 5Y*: —
• 10Y*: —

CHPY

• 1D: 2.12%
• 1M: -2.90%
• 6M: 60.82%
• YTD: 74.58%
• 1Y: 113.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHPS vs. CHPY - Yearly Performance Comparison

	2026 (YTD)	2025
CHPS Xtrackers Semiconductor Select Equity ETF	92.17%	72.34%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	74.58%	56.76%

Correlation

The correlation between CHPS and CHPY is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025	0.95

The correlation between CHPS and CHPY has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

CHPS vs. CHPY — Risk / Return Rank

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

CHPS

CHPS Risk / Return Rank: 95
CHPS Sharpe Ratio Rank: 97
CHPS Sortino Ratio Rank: 93
CHPS Omega Ratio Rank: 93
CHPS Calmar Ratio Rank: 97
CHPS Martin Ratio Rank: 96

CHPY

CHPY Risk / Return Rank: 95
CHPY Sharpe Ratio Rank: 96
CHPY Sortino Ratio Rank: 91
CHPY Omega Ratio Rank: 93
CHPY Calmar Ratio Rank: 97
CHPY Martin Ratio Rank: 96

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.

CHPS vs. CHPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Semiconductor Select Equity ETF (CHPS) 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.

	CHPS	CHPY	Difference
Sharpe ratio: Return per unit of total volatility	3.68	3.22	+0.46
Sortino ratio: Return per unit of downside risk	3.67	3.45	+0.22
Omega ratio: Gain probability vs. loss probability	1.50	1.50	0.00
Calmar ratio: Return relative to maximum drawdown	8.85	8.50	+0.36
Martin ratio: Return relative to average drawdown	28.22	28.07	+0.15

CHPS vs. CHPY - Sharpe Ratio Comparison

The current CHPS Sharpe Ratio is 3.68, which is comparable to the CHPY Sharpe Ratio of 3.22. The chart below compares the historical Sharpe Ratios of CHPS 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.

Drawdowns

CHPS vs. CHPY - Drawdown Comparison

The maximum CHPS drawdown since its inception was -39.44%, which is greater than CHPY's maximum drawdown of -13.41%. Use the drawdown chart below to compare losses from any high point for CHPS and CHPY.

Drawdown Indicators

	CHPS	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-39.44%	-13.41%	-26.03%
Max Drawdown (1Y) Largest decline over 1 year	-17.80%	-13.41%	-4.39%
Max Drawdown (3Y) Largest decline over 3 years	-39.44%	—	—
Current Drawdown Current decline from peak	-15.60%	-11.09%	-4.51%
Average Drawdown Average peak-to-trough decline	-9.13%	-2.41%	-6.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.57%	4.05%	+1.52%

Volatility

CHPS vs. CHPY - Volatility Comparison

Xtrackers Semiconductor Select Equity ETF (CHPS) has a higher volatility of 21.97% compared to YieldMax Semiconductor Portfolio Option Income ETF (CHPY) at 18.56%. This indicates that CHPS's price experiences larger fluctuations and is considered to be riskier than CHPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHPS	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.97%	18.56%	+3.41%
Volatility (6M) Calculated over the trailing 6-month period	37.59%	30.91%	+6.68%
Volatility (1Y) Calculated over the trailing 1-year period	42.83%	35.36%	+7.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.45%	37.70%	-1.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.45%	37.70%	-1.25%

CHPS vs. CHPY - Expense Ratio Comparison

CHPS has a 0.15% expense ratio, which is lower than CHPY's 0.99% expense ratio.

Dividends

CHPS vs. CHPY - Dividend Comparison

CHPS's dividend yield for the trailing twelve months is around 0.34%, less than CHPY's 33.00% yield.

Position	TTM	2025	2024	2023
CHPS Xtrackers Semiconductor Select Equity ETF	0.34%	0.68%	1.75%	0.36%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	33.00%	28.19%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CHPS and CHPY in my portfolio?

With a correlation of 0.96, CHPS and CHPY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CHPS or CHPY?

CHPS has higher volatility (21.97%) compared to CHPY (18.56%). In terms of maximum drawdown, CHPS dropped -39.44% vs CHPY's -13.41%.

Which ETF is better, CHPS or CHPY?

On 1-year performance, CHPS leads with 156.63% vs 113.35% for CHPY. On fees, CHPS is cheaper at 0.15% per year. On volatility, CHPY has been the lower-risk option at 18.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHPS or CHPY?

Over the 1-year period, CHPS has performed better with a 156.63% return vs 113.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHPS or CHPY?

CHPS is cheaper with a 0.15% expense ratio, compared with 0.99% for CHPY.

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

CHPY has the higher dividend yield at 33.00%, compared with 0.34% for CHPS.

What is the main difference between CHPS and CHPY?

CHPS is categorized as Semiconductors, while CHPY is Derivative Income. They also come from different issuers: Xtrackers and YieldMax. Their fees differ too: 0.15% for CHPS and 0.99% for CHPY.

Which has better risk-adjusted returns?

CHPS currently has the higher Sharpe Ratio (3.68 vs 3.22), 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.