CHPY vs. ACII

Last updated Jun 4, 2026

CHPY (YieldMax Semiconductor Portfolio Option Income ETF) and ACII (Innovator Index Autocallable Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -1.00, they often move in opposite directions. CHPY charges 0.99%/yr vs 0.79%/yr for ACII.

Performance

CHPY vs. ACII - Performance Comparison

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

Returns By Period

CHPY

• 1D: 1.14%
• 1M: 29.53%
• YTD: 85.77%
• 6M: 85.49%
• 1Y: 149.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACII

• 1D: -0.21%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHPY vs. ACII - Yearly Performance Comparison

	2026 (YTD)
CHPY YieldMax Semiconductor Portfolio Option Income ETF	7.03%
ACII Innovator Index Autocallable Income Strategy ETF	-0.14%

Correlation

The correlation between CHPY and ACII is -1.00, 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 (All Time) Calculated using the full available price history since May 29, 2026	-1.00

Return for Risk

CHPY vs. ACII — Risk / Return Rank

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

CHPY

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

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. ACII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and Innovator Index Autocallable Income Strategy ETF (ACII). 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.

	CHPY	ACII	Difference
Sharpe ratio Return per unit of total volatility	5.47	—	—
Sortino ratio Return per unit of downside risk	5.76	—	—
Omega ratio Gain probability vs. loss probability	1.81	—	—
Calmar ratio Return relative to maximum drawdown	12.38	—	—
Martin ratio Return relative to average drawdown	47.28	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CHPY	ACII	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.83	-4.37	+9.20

Drawdowns

CHPY vs. ACII - Drawdown Comparison

The maximum CHPY drawdown since its inception was -12.17%, which is greater than ACII's maximum drawdown of -0.32%. Use the drawdown chart below to compare losses from any high point for CHPY and ACII.

Drawdown Indicators

	CHPY	ACII	Difference
Max Drawdown Largest peak-to-trough decline	-12.17%	-0.32%	-11.85%
Max Drawdown (1Y) Largest decline over 1 year	-12.17%	—	—
Current Drawdown Current decline from peak	0.00%	-0.32%	+0.32%
Average Drawdown Average peak-to-trough decline	-1.98%	-0.14%	-1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	—	—

Volatility

Volatility by Period

	CHPY	ACII	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.59%	3.15%	+24.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.17%	3.15%	+30.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.17%	3.15%	+30.02%

CHPY vs. ACII - Expense Ratio Comparison

CHPY has a 0.99% expense ratio, which is higher than ACII's 0.79% expense ratio.

Dividends

CHPY vs. ACII - Dividend Comparison

CHPY's dividend yield for the trailing twelve months is around 28.40%, more than ACII's 0.73% yield.

Position	TTM	2025
ACII Innovator Index Autocallable Income Strategy ETF	0.73%	0.00%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	28.40%	28.19%

Frequently Asked Questions

Can I hold both CHPY and ACII in my portfolio?

CHPY and ACII have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CHPY or ACII?

On fees, ACII is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CHPY or ACII?

ACII is cheaper with a 0.79% expense ratio, compared with 0.99% for CHPY.

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

CHPY has the higher dividend yield at 28.40%, compared with 0.73% for ACII.

What is the main difference between CHPY and ACII?

They also come from different issuers: YieldMax and Innovator. Their fees differ too: 0.99% for CHPY and 0.79% for ACII.