CHPY vs. OMAH

Last updated Jun 25, 2026

CHPY (YieldMax Semiconductor Portfolio Option Income ETF) and OMAH (VistaShares Target 15™ Berkshire Select Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, CHPY returned 127.37% vs 11.37% for OMAH. At a 0.21 correlation, their price movements are largely independent. CHPY charges 0.99%/yr vs 0.95%/yr for OMAH.

Performance

CHPY vs. OMAH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). 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 OMAH's 5.64% return.

CHPY

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

OMAH

• 1D: 0.32%
• 1M: -1.65%
• YTD: 5.64%
• 6M: 5.18%
• 1Y: 11.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHPY vs. OMAH - Yearly Performance Comparison

	2026 (YTD)	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	80.95%	56.76%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	5.64%	6.13%

Correlation

The correlation between CHPY and OMAH is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025	0.22

The correlation between CHPY and OMAH shifts across timeframes, from 0.09 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CHPY vs. OMAH — 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

OMAH

OMAH Risk / Return Rank: 53
OMAH Sharpe Ratio Rank: 45
OMAH Sortino Ratio Rank: 43
OMAH Omega Ratio Rank: 42
OMAH Calmar Ratio Rank: 80
OMAH Martin Ratio Rank: 57

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. OMAH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). 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	OMAH	Difference
Sharpe ratio: Return per unit of total volatility	3.94	1.42	+2.51
Sortino ratio: Return per unit of downside risk	4.14	2.00	+2.15
Omega ratio: Gain probability vs. loss probability	1.61	1.25	+0.36
Calmar ratio: Return relative to maximum drawdown	10.53	3.80	+6.73
Martin ratio: Return relative to average drawdown	36.72	9.02	+27.70

CHPY vs. OMAH - Sharpe Ratio Comparison

The current CHPY Sharpe Ratio is 3.94, which is higher than the OMAH Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of CHPY and OMAH, 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. OMAH - Drawdown Comparison

The maximum CHPY drawdown since its inception was -12.19%, roughly equal to the maximum OMAH drawdown of -11.83%. Use the drawdown chart below to compare losses from any high point for CHPY and OMAH.

Drawdown Indicators

	CHPY	OMAH	Difference
Max Drawdown Largest peak-to-trough decline	-12.19%	-11.83%	-0.36%
Max Drawdown (1Y) Largest decline over 1 year	-12.17%	-3.00%	-9.17%
Current Drawdown Current decline from peak	-7.85%	-1.65%	-6.20%
Average Drawdown Average peak-to-trough decline	-2.15%	-1.27%	-0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	1.26%	+2.22%

Volatility

CHPY vs. OMAH - Volatility Comparison

YieldMax Semiconductor Portfolio Option Income ETF (CHPY) has a higher volatility of 19.71% compared to VistaShares Target 15™ Berkshire Select Income ETF (OMAH) at 2.23%. This indicates that CHPY's price experiences larger fluctuations and is considered to be riskier than OMAH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHPY	OMAH	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.71%	2.23%	+17.48%
Volatility (6M) Calculated over the trailing 6-month period	27.92%	5.59%	+22.33%
Volatility (1Y) Calculated over the trailing 1-year period	32.59%	8.03%	+24.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.33%	13.01%	+23.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.33%	13.01%	+23.32%

CHPY vs. OMAH - Expense Ratio Comparison

CHPY has a 0.99% expense ratio, which is higher than OMAH's 0.95% expense ratio.

Dividends

CHPY vs. OMAH - Dividend Comparison

CHPY's dividend yield for the trailing twelve months is around 29.92%, more than OMAH's 14.01% yield.

Position	TTM	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	29.92%	28.19%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	14.01%	12.86%

Frequently Asked Questions

Can I hold both CHPY and OMAH in my portfolio?

CHPY and OMAH have a correlation of 0.09, 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 OMAH?

CHPY has higher volatility (19.71%) compared to OMAH (2.23%). In terms of maximum drawdown, CHPY dropped -12.19% vs OMAH's -11.83%.

Which ETF is better, CHPY or OMAH?

On 1-year performance, CHPY leads with 127.37% vs 11.37% for OMAH. On fees, OMAH is cheaper at 0.95% per year. On volatility, OMAH has been the lower-risk option at 2.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHPY or OMAH?

Over the 1-year period, CHPY has performed better with a 127.37% return vs 11.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHPY or OMAH?

OMAH is cheaper with a 0.95% expense ratio, compared with 0.99% for CHPY.

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

CHPY has the higher dividend yield at 29.92%, compared with 14.01% for OMAH.

What is the main difference between CHPY and OMAH?

They also come from different issuers: YieldMax and VistaShares. Their fees differ too: 0.99% for CHPY and 0.95% for OMAH.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (3.94 vs 1.42), 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.