CHPY vs. RSBY

Last updated Jul 12, 2026

CHPY (YieldMax Semiconductor Portfolio Option Income ETF) and RSBY (Return Stacked Bonds & Futures Yield ETF) are both exchange-traded funds - CHPY is a Derivative Income fund actively managed by YieldMax, while RSBY is a Multistrategy fund actively managed by Return Stacked. Both are actively managed. Over the past year, CHPY returned 118.25% vs 17.35% for RSBY. At a correlation of -0.17, they often move in opposite directions. CHPY charges 0.99%/yr vs 0.98%/yr for RSBY.

Performance

CHPY vs. RSBY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and Return Stacked Bonds & Futures Yield ETF (RSBY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHPY achieves a 79.25% return, which is significantly higher than RSBY's 18.52% return.

CHPY

• 1D: 0.14%
• 1M: -0.31%
• 6M: 65.45%
• YTD: 79.25%
• 1Y: 118.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RSBY

• 1D: -0.60%
• 1M: -0.71%
• 6M: 17.92%
• YTD: 18.52%
• 1Y: 17.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHPY vs. RSBY - Yearly Performance Comparison

	2026 (YTD)	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	79.25%	56.76%
RSBY Return Stacked Bonds & Futures Yield ETF	18.52%	-8.23%

Correlation

The correlation between CHPY and RSBY is -0.20, 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	-0.20
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025	-0.17

Return for Risk

CHPY vs. RSBY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CHPY

CHPY Risk / Return Rank: 95
CHPY Sharpe Ratio Rank: 96
CHPY Sortino Ratio Rank: 92
CHPY Omega Ratio Rank: 93
CHPY Calmar Ratio Rank: 97
CHPY Martin Ratio Rank: 97

RSBY

RSBY Risk / Return Rank: 51
RSBY Sharpe Ratio Rank: 55
RSBY Sortino Ratio Rank: 57
RSBY Omega Ratio Rank: 51
RSBY Calmar Ratio Rank: 54
RSBY Martin Ratio Rank: 40

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. RSBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and Return Stacked Bonds & Futures Yield ETF (RSBY). 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	RSBY	Difference
Sharpe ratio: Return per unit of total volatility	3.38	1.50	+1.88
Sortino ratio: Return per unit of downside risk	3.59	2.18	+1.41
Omega ratio: Gain probability vs. loss probability	1.52	1.26	+0.26
Calmar ratio: Return relative to maximum drawdown	8.82	2.15	+6.67
Martin ratio: Return relative to average drawdown	30.20	5.04	+25.16

CHPY vs. RSBY - Sharpe Ratio Comparison

The current CHPY Sharpe Ratio is 3.38, which is higher than the RSBY Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of CHPY and RSBY, 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. RSBY - Drawdown Comparison

The maximum CHPY drawdown since its inception was -13.41%, smaller than the maximum RSBY drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for CHPY and RSBY.

Drawdown Indicators

	CHPY	RSBY	Difference
Max Drawdown Largest peak-to-trough decline	-13.41%	-23.32%	+9.91%
Max Drawdown (1Y) Largest decline over 1 year	-13.41%	-7.95%	-5.46%
Current Drawdown Current decline from peak	-8.72%	-6.45%	-2.27%
Average Drawdown Average peak-to-trough decline	-2.35%	-13.35%	+11.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.91%	3.39%	+0.52%

Volatility

CHPY vs. RSBY - Volatility Comparison

YieldMax Semiconductor Portfolio Option Income ETF (CHPY) has a higher volatility of 19.50% compared to Return Stacked Bonds & Futures Yield ETF (RSBY) at 3.15%. This indicates that CHPY's price experiences larger fluctuations and is considered to be riskier than RSBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHPY	RSBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.50%	3.15%	+16.35%
Volatility (6M) Calculated over the trailing 6-month period	30.55%	8.37%	+22.18%
Volatility (1Y) Calculated over the trailing 1-year period	34.97%	11.41%	+23.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.52%	13.37%	+24.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.52%	13.37%	+24.15%

CHPY vs. RSBY - Expense Ratio Comparison

CHPY has a 0.99% expense ratio, which is higher than RSBY's 0.98% expense ratio.

Dividends

CHPY vs. RSBY - Dividend Comparison

CHPY's dividend yield for the trailing twelve months is around 32.14%, more than RSBY's 1.75% yield.

Position	TTM	2025	2024
CHPY YieldMax Semiconductor Portfolio Option Income ETF	32.14%	28.19%	0.00%
RSBY Return Stacked Bonds & Futures Yield ETF	1.75%	2.07%	2.29%

Frequently Asked Questions

Can I hold both CHPY and RSBY in my portfolio?

CHPY and RSBY have a correlation of -0.20, 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 RSBY?

CHPY has higher volatility (19.50%) compared to RSBY (3.15%). In terms of maximum drawdown, CHPY dropped -13.41% vs RSBY's -23.32%.

Which ETF is better, CHPY or RSBY?

On 1-year performance, CHPY leads with 118.25% vs 17.35% for RSBY. On fees, RSBY is cheaper at 0.98% per year. On volatility, RSBY has been the lower-risk option at 3.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHPY or RSBY?

Over the 1-year period, CHPY has performed better with a 118.25% return vs 17.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHPY or RSBY?

RSBY is cheaper with a 0.98% expense ratio, compared with 0.99% for CHPY.

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

CHPY has the higher dividend yield at 32.14%, compared with 1.75% for RSBY.

What is the main difference between CHPY and RSBY?

CHPY is categorized as Derivative Income, while RSBY is Multistrategy. They also come from different issuers: YieldMax and Return Stacked. Their fees differ too: 0.99% for CHPY and 0.98% for RSBY.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (3.38 vs 1.50), 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.