CHPY vs. MSTZ

Last updated Jun 26, 2026

CHPY (YieldMax Semiconductor Portfolio Option Income ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - CHPY is a Derivative Income fund actively managed by YieldMax, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. Over the past year, CHPY returned 136.97% vs 279.21% for MSTZ. At a correlation of -0.38, they often move in opposite directions. CHPY charges 0.99%/yr vs 1.05%/yr for MSTZ.

Performance

CHPY vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and T-REX 2X Inverse MSTR Daily Target ETF (MSTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHPY achieves a 88.59% return, which is significantly higher than MSTZ's 1.05% return.

CHPY

• 1D: 3.25%
• 1M: 8.85%
• YTD: 88.59%
• 6M: 86.91%
• 1Y: 136.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTZ

• 1D: 19.27%
• 1M: 186.45%
• YTD: 1.05%
• 6M: 9.89%
• 1Y: 279.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHPY vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	88.59%	56.76%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	1.05%	45.59%

Correlation

The correlation between CHPY and MSTZ is -0.38, 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 (1Y) Calculated over the trailing 1-year period	-0.38
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025	-0.38

Return for Risk

CHPY vs. MSTZ — 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: 95
CHPY Omega Ratio Rank: 95
CHPY Calmar Ratio Rank: 98
CHPY Martin Ratio Rank: 97

MSTZ

MSTZ Risk / Return Rank: 62
MSTZ Sharpe Ratio Rank: 69
MSTZ Sortino Ratio Rank: 60
MSTZ Omega Ratio Rank: 59
MSTZ Calmar Ratio Rank: 74
MSTZ Martin Ratio Rank: 45

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. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and T-REX 2X Inverse MSTR Daily Target ETF (MSTZ). 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	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	4.22	1.93	+2.29
Sortino ratio: Return per unit of downside risk	4.35	2.48	+1.87
Omega ratio: Gain probability vs. loss probability	1.65	1.32	+0.33
Calmar ratio: Return relative to maximum drawdown	11.33	3.31	+8.01
Martin ratio: Return relative to average drawdown	39.47	6.57	+32.90

CHPY vs. MSTZ - Sharpe Ratio Comparison

The current CHPY Sharpe Ratio is 4.22, which is higher than the MSTZ Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of CHPY and MSTZ, 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. MSTZ - Drawdown Comparison

The maximum CHPY drawdown since its inception was -12.19%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for CHPY and MSTZ.

Drawdown Indicators

	CHPY	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-12.19%	-99.38%	+87.19%
Max Drawdown (1Y) Largest decline over 1 year	-12.17%	-84.89%	+72.72%
Current Drawdown Current decline from peak	-3.96%	-96.56%	+92.60%
Average Drawdown Average peak-to-trough decline	-2.16%	-94.46%	+92.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	42.70%	-39.22%

Volatility

CHPY vs. MSTZ - Volatility Comparison

The current volatility for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) is 19.30%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 46.08%. This indicates that CHPY experiences smaller price fluctuations and is considered to be less risky than MSTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHPY	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.30%	46.08%	-26.78%
Volatility (6M) Calculated over the trailing 6-month period	28.01%	129.73%	-101.72%
Volatility (1Y) Calculated over the trailing 1-year period	32.65%	145.84%	-113.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.34%	170.65%	-134.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.34%	170.65%	-134.31%

CHPY vs. MSTZ - Expense Ratio Comparison

CHPY has a 0.99% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

CHPY vs. MSTZ - Dividend Comparison

CHPY's dividend yield for the trailing twelve months is around 29.89%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	29.89%	28.19%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CHPY and MSTZ in my portfolio?

CHPY and MSTZ have a correlation of -0.38, 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 MSTZ?

MSTZ has higher volatility (46.08%) compared to CHPY (19.30%). In terms of maximum drawdown, CHPY dropped -12.19% vs MSTZ's -99.38%.

Which ETF is better, CHPY or MSTZ?

On 1-year performance, MSTZ leads with 279.21% vs 136.97% for CHPY. On fees, CHPY is cheaper at 0.99% per year. On volatility, CHPY has been the lower-risk option at 19.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHPY or MSTZ?

Over the 1-year period, MSTZ has performed better with a 279.21% return vs 136.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHPY or MSTZ?

CHPY is cheaper with a 0.99% expense ratio, compared with 1.05% for MSTZ.

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

CHPY has the higher dividend yield at 29.89%, compared with 0.00% for MSTZ.

What is the main difference between CHPY and MSTZ?

CHPY is categorized as Derivative Income, while MSTZ is Inverse Equities. They also come from different issuers: YieldMax and REX. Their fees differ too: 0.99% for CHPY and 1.05% for MSTZ.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (4.22 vs 1.93), 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.