CHPY vs. FSELX

Last updated Jun 25, 2026

CHPY (YieldMax Semiconductor Portfolio Option Income ETF) and FSELX (Fidelity Select Semiconductors Portfolio) are both funds - CHPY is a Derivative Income fund actively managed by YieldMax, while FSELX is a Semiconductors fund managed by Fidelity. Over the past year, CHPY returned 127.37% vs 132.39% for FSELX. Their correlation of 0.94 suggests significant overlap in exposure. CHPY charges 0.99%/yr vs 0.68%/yr for FSELX.

Performance

CHPY vs. FSELX - Performance Comparison

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

Returns By Period

In the year-to-date period, CHPY achieves a 80.95% return, which is significantly higher than FSELX's 75.83% return.

CHPY

• 1D: -0.95%
• 1M: 9.84%
• YTD: 80.95%
• 6M: 79.34%
• 1Y: 127.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSELX

• 1D: -7.03%
• 1M: 5.81%
• YTD: 75.83%
• 6M: 72.55%
• 1Y: 132.39%
• 3Y*: 65.08%
• 5Y*: 43.80%
• 10Y*: 39.03%

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

CHPY vs. FSELX - Yearly Performance Comparison

	2026 (YTD)	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	80.95%	56.76%
FSELX Fidelity Select Semiconductors Portfolio	75.83%	81.64%

Correlation

The correlation between CHPY and FSELX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025	0.94

The correlation between CHPY and FSELX has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

Return for Risk

CHPY vs. FSELX — Risk / Return Rank

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

CHPY

CHPY Risk / Return Rank: 96
CHPY Sharpe Ratio Rank: 97
CHPY Sortino Ratio Rank: 93
CHPY Omega Ratio Rank: 94
CHPY Calmar Ratio Rank: 98
CHPY Martin Ratio Rank: 97

FSELX

FSELX Risk / Return Rank: 94
FSELX Sharpe Ratio Rank: 99
FSELX Sortino Ratio Rank: 88
FSELX Omega Ratio Rank: 86
FSELX Calmar Ratio Rank: 99
FSELX Martin Ratio Rank: 98

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. FSELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and Fidelity Select Semiconductors Portfolio (FSELX). 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	FSELX	Difference
Sharpe ratio: Return per unit of total volatility	3.94	3.85	+0.08
Sortino ratio: Return per unit of downside risk	4.14	3.92	+0.22
Omega ratio: Gain probability vs. loss probability	1.61	1.55	+0.07
Calmar ratio: Return relative to maximum drawdown	10.53	9.82	+0.71
Martin ratio: Return relative to average drawdown	36.72	35.04	+1.67

CHPY vs. FSELX - Sharpe Ratio Comparison

The current CHPY Sharpe Ratio is 3.94, which is comparable to the FSELX Sharpe Ratio of 3.85. The chart below compares the historical Sharpe Ratios of CHPY and FSELX, 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. FSELX - Drawdown Comparison

The maximum CHPY drawdown since its inception was -12.19%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for CHPY and FSELX.

Drawdown Indicators

	CHPY	FSELX	Difference
Max Drawdown Largest peak-to-trough decline	-12.19%	-82.54%	+70.35%
Max Drawdown (1Y) Largest decline over 1 year	-12.17%	-14.38%	+2.21%
Max Drawdown (3Y) Largest decline over 3 years	—	-36.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.37%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.37%	—
Current Drawdown Current decline from peak	-7.85%	-7.03%	-0.82%
Average Drawdown Average peak-to-trough decline	-2.15%	-28.67%	+26.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	4.02%	-0.54%

Volatility

CHPY vs. FSELX - Volatility Comparison

YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and Fidelity Select Semiconductors Portfolio (FSELX) have volatilities of 19.71% and 19.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHPY	FSELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.71%	19.62%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	27.92%	29.87%	-1.95%
Volatility (1Y) Calculated over the trailing 1-year period	32.59%	36.66%	-4.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.33%	39.70%	-3.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.33%	35.44%	+0.89%

CHPY vs. FSELX - Expense Ratio Comparison

CHPY has a 0.99% expense ratio, which is higher than FSELX's 0.68% expense ratio.

Dividends

CHPY vs. FSELX - Dividend Comparison

CHPY's dividend yield for the trailing twelve months is around 29.92%, more than FSELX's 9.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHPY YieldMax Semiconductor Portfolio Option Income ETF	29.92%	28.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FSELX Fidelity Select Semiconductors Portfolio	9.32%	11.11%	7.97%	7.20%	6.69%	6.99%	8.13%	3.36%	26.80%	14.44%	3.82%	15.22%

Frequently Asked Questions

Can I hold both CHPY and FSELX in my portfolio?

With a correlation of 0.94, CHPY and FSELX 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, CHPY or FSELX?

CHPY has higher volatility (19.71%) compared to FSELX (19.62%). In terms of maximum drawdown, CHPY dropped -12.19% vs FSELX's -82.54%.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (3.94 vs 3.85), 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.