CHPY vs. HOOW

Last updated Jul 21, 2026

CHPY (YieldMax Semiconductor Portfolio Option Income ETF) and HOOW (Roundhill HOOD WeeklyPay ETF) are both exchange-traded funds - CHPY is a Derivative Income fund actively managed by YieldMax, while HOOW is a Leveraged Equities fund actively managed by Roundhill. Both are actively managed. Over the past year, CHPY returned 94.78% vs -20.29% for HOOW. At a 0.42 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

CHPY vs. HOOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and Roundhill HOOD WeeklyPay ETF (HOOW). 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 HOOW's -19.14% return.

CHPY

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

HOOW

• 1D: -0.90%
• 1M: -10.64%
• 6M: -15.25%
• YTD: -19.14%
• 1Y: -20.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.34%

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

CHPY vs. HOOW - Yearly Performance Comparison

	2026 (YTD)	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	60.59%	29.24%
HOOW Roundhill HOOD WeeklyPay ETF	-19.14%	52.60%

Correlation

The correlation between CHPY and HOOW is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.42

Return for Risk

CHPY vs. HOOW — 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

HOOW

HOOW Risk / Return Rank: 9
HOOW Sharpe Ratio Rank: 8
HOOW Sortino Ratio Rank: 11
HOOW Omega Ratio Rank: 11
HOOW Calmar Ratio Rank: 7
HOOW Martin Ratio Rank: 8

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. HOOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and Roundhill HOOD WeeklyPay ETF (HOOW). 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	HOOW	Difference
Sharpe ratio: Return per unit of total volatility	2.66	-0.24	+2.90
Sortino ratio: Return per unit of downside risk	3.00	0.22	+2.78
Omega ratio: Gain probability vs. loss probability	1.42	1.03	+0.40
Calmar ratio: Return relative to maximum drawdown	5.22	-0.31	+5.52
Martin ratio: Return relative to average drawdown	20.81	-0.51	+21.32

CHPY vs. HOOW - Sharpe Ratio Comparison

The current CHPY Sharpe Ratio is 2.66, which is higher than the HOOW Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of CHPY and HOOW, 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. HOOW - Drawdown Comparison

The maximum CHPY drawdown since its inception was -18.27%, smaller than the maximum HOOW drawdown of -65.74%. Use the drawdown chart below to compare losses from any high point for CHPY and HOOW.

Drawdown Indicators

	CHPY	HOOW	Difference
Max Drawdown Largest peak-to-trough decline	-18.27%	-65.74%	+47.47%
Max Drawdown (1Y) Largest decline over 1 year	-18.27%	-65.74%	+47.47%
Current Drawdown Current decline from peak	-18.22%	-45.08%	+26.86%
Average Drawdown Average peak-to-trough decline	-2.58%	-30.60%	+28.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.57%	39.51%	-34.94%

Volatility

CHPY vs. HOOW - Volatility Comparison

The current volatility for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) is 17.75%, while Roundhill HOOD WeeklyPay ETF (HOOW) has a volatility of 23.03%. This indicates that CHPY experiences smaller price fluctuations and is considered to be less risky than HOOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHPY	HOOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.75%	23.03%	-5.28%
Volatility (6M) Calculated over the trailing 6-month period	31.44%	64.14%	-32.70%
Volatility (1Y) Calculated over the trailing 1-year period	35.88%	84.43%	-48.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.81%	83.98%	-46.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.81%	83.98%	-46.17%

CHPY vs. HOOW - Expense Ratio Comparison

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

Dividends

CHPY vs. HOOW - Dividend Comparison

CHPY's dividend yield for the trailing twelve months is around 36.46%, less than HOOW's 148.30% yield.

Position	TTM	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	36.46%	28.19%
HOOW Roundhill HOOD WeeklyPay ETF	148.30%	67.92%

Frequently Asked Questions

Can I hold both CHPY and HOOW in my portfolio?

CHPY and HOOW have a correlation of 0.43, 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 HOOW?

HOOW has higher volatility (23.03%) compared to CHPY (17.75%). In terms of maximum drawdown, CHPY dropped -18.27% vs HOOW's -65.74%.

Which ETF is better, CHPY or HOOW?

On 1-year performance, CHPY leads with 94.78% vs -20.29% for HOOW. Both ETFs have the same 0.99% expense ratio. On volatility, CHPY has been the lower-risk option at 17.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHPY or HOOW?

Over the 1-year period, CHPY has performed better with a 94.78% return vs -20.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHPY or HOOW?

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

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

HOOW has the higher dividend yield at 148.30%, compared with 36.46% for CHPY.

What is the main difference between CHPY and HOOW?

CHPY is categorized as Derivative Income, while HOOW is Leveraged Equities. 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 -0.24), 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.