CHPS vs. USOY

Last updated Jun 4, 2026

CHPS (Xtrackers Semiconductor Select Equity ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - CHPS is a Semiconductors fund tracking the Solactive Semiconductor ESG Screened Index - Benchmark TR Gross, while USOY is a Derivative Income fund actively managed by Defiance. CHPS is passively managed, while USOY is actively managed. Over the past year, CHPS returned 223.67% vs 57.29% for USOY. At a correlation of -0.03, they often move in opposite directions. CHPS charges 0.15%/yr vs 1.22%/yr for USOY.

Performance

CHPS vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Semiconductor Select Equity ETF (CHPS) and Defiance Oil Enhanced Options Income ETF (USOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHPS achieves a 107.97% return, which is significantly higher than USOY's 62.18% return.

CHPS

• 1D: 1.86%
• 1M: 32.32%
• YTD: 107.97%
• 6M: 109.04%
• 1Y: 223.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: 1.45%
• 1M: -3.43%
• YTD: 62.18%
• 6M: 59.35%
• 1Y: 57.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHPS vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CHPS Xtrackers Semiconductor Select Equity ETF	107.97%	58.47%	-5.81%
USOY Defiance Oil Enhanced Options Income ETF	62.18%	-7.93%	7.27%

Correlation

The correlation between CHPS and USOY is -0.21, 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	-0.22
Correlation (All Time) Calculated using the full available price history since May 13, 2024	-0.03

The correlation between CHPS and USOY shifts across timeframes, from -0.21 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CHPS vs. USOY — Risk / Return Rank

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

CHPS

CHPS Risk / Return Rank: 97
CHPS Sharpe Ratio Rank: 99
CHPS Sortino Ratio Rank: 97
CHPS Omega Ratio Rank: 96
CHPS Calmar Ratio Rank: 98
CHPS Martin Ratio Rank: 97

USOY

USOY Risk / Return Rank: 56
USOY Sharpe Ratio Rank: 55
USOY Sortino Ratio Rank: 46
USOY Omega Ratio Rank: 55
USOY Calmar Ratio Rank: 78
USOY Martin Ratio Rank: 46

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. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Semiconductor Select Equity ETF (CHPS) and Defiance Oil Enhanced Options Income ETF (USOY). 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.

	CHPS	USOY	Difference
Sharpe ratio: Return per unit of total volatility	6.54	1.89	+4.65
Sortino ratio: Return per unit of downside risk	6.07	2.30	+3.77
Omega ratio: Gain probability vs. loss probability	1.81	1.35	+0.46
Calmar ratio: Return relative to maximum drawdown	12.87	4.03	+8.84
Martin ratio: Return relative to average drawdown	49.99	7.74	+42.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHPS vs. USOY - Sharpe Ratio Comparison

The current CHPS Sharpe Ratio is 6.54, which is higher than the USOY Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of CHPS and USOY, 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

	CHPS	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.54	1.89	+4.65
Sharpe Ratio (All Time) Calculated using the full available price history	1.81	0.99	+0.82

Drawdowns

CHPS vs. USOY - Drawdown Comparison

The maximum CHPS drawdown since its inception was -39.44%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for CHPS and USOY.

Drawdown Indicators

	CHPS	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-39.44%	-17.46%	-21.98%
Max Drawdown (1Y) Largest decline over 1 year	-17.50%	-14.29%	-3.21%
Current Drawdown Current decline from peak	0.00%	-5.11%	+5.11%
Average Drawdown Average peak-to-trough decline	-9.16%	-6.47%	-2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.50%	7.42%	-2.92%

Volatility

CHPS vs. USOY - Volatility Comparison

Xtrackers Semiconductor Select Equity ETF (CHPS) has a higher volatility of 14.18% compared to Defiance Oil Enhanced Options Income ETF (USOY) at 11.62%. This indicates that CHPS's price experiences larger fluctuations and is considered to be riskier than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHPS	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.18%	11.62%	+2.56%
Volatility (6M) Calculated over the trailing 6-month period	28.19%	27.18%	+1.01%
Volatility (1Y) Calculated over the trailing 1-year period	34.43%	30.44%	+3.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.78%	26.13%	+7.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.78%	26.13%	+7.65%

CHPS vs. USOY - Expense Ratio Comparison

CHPS has a 0.15% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

CHPS vs. USOY - Dividend Comparison

CHPS's dividend yield for the trailing twelve months is around 0.32%, less than USOY's 54.16% yield.

Position	TTM	2025	2024	2023
CHPS Xtrackers Semiconductor Select Equity ETF	0.32%	0.68%	1.75%	0.36%
USOY Defiance Oil Enhanced Options Income ETF	54.16%	104.32%	48.60%	0.00%

Frequently Asked Questions

Can I hold both CHPS and USOY in my portfolio?

CHPS and USOY have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHPS or USOY?

CHPS has higher volatility (14.18%) compared to USOY (11.62%). In terms of maximum drawdown, CHPS dropped -39.44% vs USOY's -17.46%.

Which ETF is better, CHPS or USOY?

On 1-year performance, CHPS leads with 223.67% vs 57.29% for USOY. On fees, CHPS is cheaper at 0.15% per year. On volatility, USOY has been the lower-risk option at 11.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHPS or USOY?

Over the 1-year period, CHPS has performed better with a 223.67% return vs 57.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHPS or USOY?

CHPS is cheaper with a 0.15% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 54.16%, compared with 0.32% for CHPS.

What is the main difference between CHPS and USOY?

CHPS is categorized as Semiconductors, while USOY is Derivative Income. They also come from different issuers: Xtrackers and Defiance. Their fees differ too: 0.15% for CHPS and 1.22% for USOY.

Which has better risk-adjusted returns?

CHPS currently has the higher Sharpe Ratio (6.54 vs 1.89), 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.