CHPY vs. CHAT

Last updated Apr 2, 2026

Compare and contrast key facts about YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and Roundhill Generative AI & Technology ETF (CHAT).

CHPY and CHAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CHPY is an actively managed fund by YieldMax. It was launched on Apr 2, 2025. CHAT is an actively managed fund by Roundhill. It was launched on May 17, 2023.

Performance

CHPY vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and Roundhill Generative AI & Technology ETF (CHAT). The values are adjusted to include any dividend payments, if applicable.

CHPY vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	12.50%	62.91%
CHAT Roundhill Generative AI & Technology ETF	9.04%	82.35%

Returns By Period

In the year-to-date period, CHPY achieves a 12.50% return, which is significantly higher than CHAT's 9.04% return.

CHPY

• 1D: 1.79%
• 1M: -1.93%
• YTD: 12.50%
• 6M: 22.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CHAT

• 1D: 3.95%
• 1M: 0.86%
• YTD: 9.04%
• 6M: 5.64%
• 1Y: 87.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHPY vs. CHAT - Expense Ratio Comparison

CHPY has a 0.99% expense ratio, which is higher than CHAT's 0.75% expense ratio.

CHPY

YieldMax Semiconductor Portfolio Option Income ETF

CHAT

Roundhill Generative AI & Technology ETF

Return for Risk

CHPY vs. CHAT — Risk / Return Rank

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

CHAT

CHAT Risk / Return Rank: 95
CHAT Sharpe Ratio Rank: 96
CHAT Sortino Ratio Rank: 95
CHAT Omega Ratio Rank: 93
CHAT Calmar Ratio Rank: 98
CHAT Martin Ratio Rank: 95

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. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and Roundhill Generative AI & Technology ETF (CHAT). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CHPY	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.59	1.33	+1.27

Correlation

The correlation between CHPY and CHAT is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CHPY vs. CHAT - Dividend Comparison

CHPY's dividend yield for the trailing twelve months is around 39.01%, more than CHAT's 2.61% yield.

	TTM	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	39.01%	28.19%
CHAT Roundhill Generative AI & Technology ETF	2.61%	2.85%

Drawdowns

CHPY vs. CHAT - Drawdown Comparison

The maximum CHPY drawdown since its inception was -12.17%, smaller than the maximum CHAT drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for CHPY and CHAT.

Drawdown Indicators

	CHPY	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-12.17%	-31.34%	+19.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.28%	—
Current Drawdown Current decline from peak	-4.98%	-3.05%	-1.93%
Average Drawdown Average peak-to-trough decline	-2.16%	-5.61%	+3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.86%	—

Volatility

Volatility by Period

	CHPY	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.72%	34.44%	-1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.72%	29.33%	+3.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.72%	29.33%	+3.39%