CHPY vs. AAPW

Last updated Jul 21, 2026

CHPY (YieldMax Semiconductor Portfolio Option Income ETF) and AAPW (AAPL WeeklyPay™ ETF) are both Derivative Income funds. Both are actively managed. Over the past year, CHPY returned 94.78% vs 61.94% for AAPW. At a 0.27 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

CHPY vs. AAPW - Performance Comparison

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

Returns By Period

In the year-to-date period, CHPY achieves a 60.59% return, which is significantly higher than AAPW's 21.74% return.

CHPY

• 1D: 0.07%
• 1M: -16.49%
• 6M: 45.51%
• YTD: 60.59%
• 1Y: 94.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 104.00%

AAPW

• 1D: -2.91%
• 1M: 11.04%
• 6M: 31.34%
• YTD: 21.74%
• 1Y: 61.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.94%

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

CHPY vs. AAPW - Yearly Performance Comparison

	2026 (YTD)	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	60.59%	56.76%
AAPW AAPL WeeklyPay™ ETF	21.74%	21.66%

Correlation

The correlation between CHPY and AAPW is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025	0.27

Return for Risk

CHPY vs. AAPW — Risk / Return Rank

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

CHPY

CHPY Risk / Return Rank: 91
CHPY Sharpe Ratio Rank: 94
CHPY Sortino Ratio Rank: 86
CHPY Omega Ratio Rank: 89
CHPY Calmar Ratio Rank: 94
CHPY Martin Ratio Rank: 95

AAPW

AAPW Risk / Return Rank: 80
AAPW Sharpe Ratio Rank: 86
AAPW Sortino Ratio Rank: 83
AAPW Omega Ratio Rank: 82
AAPW Calmar Ratio Rank: 86
AAPW Martin Ratio Rank: 65

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.

CHPY vs. AAPW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and AAPL WeeklyPay™ ETF (AAPW). 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.

	CHPY	AAPW	Difference
Sharpe ratio: Return per unit of total volatility	2.66	2.09	+0.57
Sortino ratio: Return per unit of downside risk	3.00	2.81	+0.19
Omega ratio: Gain probability vs. loss probability	1.42	1.36	+0.06
Calmar ratio: Return relative to maximum drawdown	5.22	3.59	+1.63
Martin ratio: Return relative to average drawdown	20.81	8.55	+12.26

CHPY vs. AAPW - Sharpe Ratio Comparison

The current CHPY Sharpe Ratio is 2.66, which is comparable to the AAPW Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of CHPY and AAPW, 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

CHPY vs. AAPW - Drawdown Comparison

The maximum CHPY drawdown since its inception was -18.27%, smaller than the maximum AAPW drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for CHPY and AAPW.

Drawdown Indicators

	CHPY	AAPW	Difference
Max Drawdown Largest peak-to-trough decline	-18.27%	-36.28%	+18.01%
Max Drawdown (1Y) Largest decline over 1 year	-18.27%	-17.36%	-0.91%
Current Drawdown Current decline from peak	-18.22%	-2.91%	-15.31%
Average Drawdown Average peak-to-trough decline	-2.58%	-10.64%	+8.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.57%	7.27%	-2.70%

Volatility

CHPY vs. AAPW - Volatility Comparison

YieldMax Semiconductor Portfolio Option Income ETF (CHPY) has a higher volatility of 17.75% compared to AAPL WeeklyPay™ ETF (AAPW) at 12.17%. This indicates that CHPY's price experiences larger fluctuations and is considered to be riskier than AAPW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHPY	AAPW	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.75%	12.17%	+5.58%
Volatility (6M) Calculated over the trailing 6-month period	31.44%	23.14%	+8.30%
Volatility (1Y) Calculated over the trailing 1-year period	35.88%	29.86%	+6.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.81%	35.02%	+2.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.81%	35.02%	+2.79%

CHPY vs. AAPW - Expense Ratio Comparison

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

Dividends

CHPY vs. AAPW - Dividend Comparison

CHPY's dividend yield for the trailing twelve months is around 36.46%, more than AAPW's 29.42% yield.

Position	TTM	2025
AAPW AAPL WeeklyPay™ ETF	29.42%	28.83%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	36.46%	28.19%

Frequently Asked Questions

Can I hold both CHPY and AAPW in my portfolio?

CHPY and AAPW 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, CHPY or AAPW?

CHPY has higher volatility (17.75%) compared to AAPW (12.17%). In terms of maximum drawdown, CHPY dropped -18.27% vs AAPW's -36.28%.

Which ETF is better, CHPY or AAPW?

On 1-year performance, CHPY leads with 94.78% vs 61.94% for AAPW. Both ETFs have the same 0.99% expense ratio. On volatility, AAPW has been the lower-risk option at 12.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHPY or AAPW?

Over the 1-year period, CHPY has performed better with a 94.78% return vs 61.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHPY or AAPW?

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

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

CHPY has the higher dividend yield at 36.46%, compared with 29.42% for AAPW.

What is the main difference between CHPY and AAPW?

They also come from different issuers: YieldMax and Roundhill.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (2.66 vs 2.09), 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.