CHPY vs. FSELX

Last updated Jun 4, 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 149.72% vs 166.37% for FSELX. Their correlation of 0.93 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

The year-to-date returns for both stocks are quite close, with CHPY having a 85.77% return and FSELX slightly lower at 85.56%.

CHPY

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

FSELX

• 1D: 6.35%
• 1M: 26.53%
• YTD: 85.56%
• 6M: 83.27%
• 1Y: 166.37%
• 3Y*: 68.85%
• 5Y*: 46.95%
• 10Y*: 39.21%

*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	85.77%	62.91%
FSELX Fidelity Select Semiconductors Portfolio	85.56%	103.48%

Correlation

The correlation between CHPY and FSELX is 0.93, 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	0.93
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	0.93

The correlation between CHPY and FSELX has been stable across timeframes, ranging from 0.93 to 0.93 - 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: 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

FSELX

FSELX Risk / Return Rank: 97
FSELX Sharpe Ratio Rank: 99
FSELX Sortino Ratio Rank: 96
FSELX Omega Ratio Rank: 93
FSELX Calmar Ratio Rank: 99
FSELX Martin Ratio Rank: 99

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.

	CHPY	FSELX	Difference
Sharpe ratio Return per unit of total volatility	5.47	5.35	+0.12
Sortino ratio Return per unit of downside risk	5.76	5.23	+0.53
Omega ratio Gain probability vs. loss probability	1.81	1.71	+0.10
Calmar ratio Return relative to maximum drawdown	12.38	12.18	+0.20
Martin ratio Return relative to average drawdown	47.28	46.77	+0.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHPY vs. FSELX - Sharpe Ratio Comparison

The current CHPY Sharpe Ratio is 5.47, which is comparable to the FSELX Sharpe Ratio of 5.35. 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.

Sharpe Ratios by Period

	CHPY	FSELX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.47	5.35	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.21	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.83	0.55	+4.29

Drawdowns

CHPY vs. FSELX - Drawdown Comparison

The maximum CHPY drawdown since its inception was -12.17%, 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	-12.17%	-82.54%	+70.37%
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	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.98%	-28.70%	+26.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	3.74%	-0.56%

Volatility

CHPY vs. FSELX - Volatility Comparison

The current volatility for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) is 11.23%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 12.01%. This indicates that CHPY experiences smaller price fluctuations and is considered to be less risky than FSELX based on this measure. 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	11.23%	12.01%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	22.33%	25.42%	-3.09%
Volatility (1Y) Calculated over the trailing 1-year period	27.59%	32.74%	-5.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.17%	38.97%	-5.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.17%	35.07%	-1.90%

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 28.40%, more than FSELX's 8.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHPY YieldMax Semiconductor Portfolio Option Income ETF	28.40%	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	8.83%	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 0.93, 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?

FSELX has higher volatility (12.01%) compared to CHPY (11.23%). In terms of maximum drawdown, CHPY dropped -12.17% vs FSELX's -82.54%.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (5.47 vs 5.35), 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.