CHPY vs. QDTY

Last updated Jun 9, 2026

CHPY (YieldMax Semiconductor Portfolio Option Income ETF) and QDTY (YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - CHPY is a Derivative Income fund actively managed by YieldMax, while QDTY is a Nasdaq-100 fund actively managed by YieldMax. Both are actively managed. Over the past year, CHPY returned 129.41% vs 33.68% for QDTY. A 0.77 correlation means they provide meaningful diversification when combined. CHPY charges 0.99%/yr vs 1.01%/yr for QDTY.

Performance

CHPY vs. QDTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHPY achieves a 73.28% return, which is significantly higher than QDTY's 12.10% return.

CHPY

• 1D: 4.74%
• 1M: 10.94%
• YTD: 73.28%
• 6M: 71.52%
• 1Y: 129.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTY

• 1D: 1.83%
• 1M: 1.96%
• YTD: 12.10%
• 6M: 11.87%
• 1Y: 33.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHPY vs. QDTY - Yearly Performance Comparison

	2026 (YTD)	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	73.28%	62.91%
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	12.10%	31.30%

Correlation

The correlation between CHPY and QDTY is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	0.77

The correlation between CHPY and QDTY has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.

Return for Risk

CHPY vs. QDTY — 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: 94
CHPY Omega Ratio Rank: 95
CHPY Calmar Ratio Rank: 97
CHPY Martin Ratio Rank: 97

QDTY

QDTY Risk / Return Rank: 68
QDTY Sharpe Ratio Rank: 73
QDTY Sortino Ratio Rank: 65
QDTY Omega Ratio Rank: 70
QDTY Calmar Ratio Rank: 67
QDTY Martin Ratio Rank: 66

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. QDTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY). 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	QDTY	Difference
Sharpe ratio: Return per unit of total volatility	4.39	2.12	+2.27
Sortino ratio: Return per unit of downside risk	4.56	2.71	+1.86
Omega ratio: Gain probability vs. loss probability	1.68	1.38	+0.30
Calmar ratio: Return relative to maximum drawdown	10.70	3.05	+7.65
Martin ratio: Return relative to average drawdown	39.58	11.07	+28.51
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. QDTY - Sharpe Ratio Comparison

The current CHPY Sharpe Ratio is 4.39, which is higher than the QDTY Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of CHPY and QDTY, 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	QDTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.39	2.12	+2.27
Sharpe Ratio (All Time) Calculated using the full available price history	4.14	0.71	+3.43

Drawdowns

CHPY vs. QDTY - Drawdown Comparison

The maximum CHPY drawdown since its inception was -12.17%, smaller than the maximum QDTY drawdown of -23.45%. Use the drawdown chart below to compare losses from any high point for CHPY and QDTY.

Drawdown Indicators

	CHPY	QDTY	Difference
Max Drawdown Largest peak-to-trough decline	-12.17%	-23.45%	+11.28%
Max Drawdown (1Y) Largest decline over 1 year	-12.17%	-11.10%	-1.07%
Current Drawdown Current decline from peak	-6.73%	-3.67%	-3.06%
Average Drawdown Average peak-to-trough decline	-2.03%	-4.47%	+2.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	3.05%	+0.23%

Volatility

CHPY vs. QDTY - Volatility Comparison

YieldMax Semiconductor Portfolio Option Income ETF (CHPY) has a higher volatility of 15.72% compared to YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) at 6.26%. This indicates that CHPY's price experiences larger fluctuations and is considered to be riskier than QDTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHPY	QDTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.72%	6.26%	+9.46%
Volatility (6M) Calculated over the trailing 6-month period	25.10%	12.86%	+12.24%
Volatility (1Y) Calculated over the trailing 1-year period	29.71%	16.00%	+13.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.55%	26.13%	+8.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.55%	26.13%	+8.42%

CHPY vs. QDTY - Expense Ratio Comparison

CHPY has a 0.99% expense ratio, which is lower than QDTY's 1.01% expense ratio.

Dividends

CHPY vs. QDTY - Dividend Comparison

CHPY's dividend yield for the trailing twelve months is around 30.01%, less than QDTY's 31.52% yield.

Position	TTM	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	30.01%	28.19%
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	31.52%	26.82%

Frequently Asked Questions

Can I hold both CHPY and QDTY in my portfolio?

CHPY and QDTY have a correlation of 0.76, 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 QDTY?

CHPY has higher volatility (15.72%) compared to QDTY (6.26%). In terms of maximum drawdown, CHPY dropped -12.17% vs QDTY's -23.45%.

Which ETF is better, CHPY or QDTY?

On 1-year performance, CHPY leads with 129.41% vs 33.68% for QDTY. On fees, CHPY is cheaper at 0.99% per year. On volatility, QDTY has been the lower-risk option at 6.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHPY or QDTY?

Over the 1-year period, CHPY has performed better with a 129.41% return vs 33.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHPY or QDTY?

CHPY is cheaper with a 0.99% expense ratio, compared with 1.01% for QDTY.

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

QDTY has the higher dividend yield at 31.52%, compared with 30.01% for CHPY.

What is the main difference between CHPY and QDTY?

CHPY is categorized as Derivative Income, while QDTY is Nasdaq-100. Their fees differ too: 0.99% for CHPY and 1.01% for QDTY.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (4.39 vs 2.12), 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.