CHPY vs. SOXQ

Last updated Jul 15, 2026

CHPY (YieldMax Semiconductor Portfolio Option Income ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - CHPY is a Derivative Income fund actively managed by YieldMax, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. CHPY is actively managed, while SOXQ is passively managed. Over the past year, CHPY returned 113.35% vs 125.14% for SOXQ. With a 0.97 correlation, they move nearly in lockstep. CHPY charges 0.99%/yr vs 0.19%/yr for SOXQ.

Performance

CHPY vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and Invesco PHLX Semiconductor ETF (SOXQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHPY achieves a 74.58% return, which is significantly lower than SOXQ's 79.01% return.

CHPY

• 1D: 2.12%
• 1M: -2.90%
• 6M: 60.82%
• YTD: 74.58%
• 1Y: 113.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXQ

• 1D: 2.63%
• 1M: -5.29%
• 6M: 63.72%
• YTD: 79.01%
• 1Y: 125.14%
• 3Y*: 50.94%
• 5Y*: 32.63%
• 10Y*: —

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

CHPY vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	74.58%	56.76%
SOXQ Invesco PHLX Semiconductor ETF	79.01%	64.76%

Correlation

The correlation between CHPY and SOXQ is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025	0.97

The correlation between CHPY and SOXQ has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

CHPY vs. SOXQ — 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: 91
CHPY Omega Ratio Rank: 93
CHPY Calmar Ratio Rank: 97
CHPY Martin Ratio Rank: 96

SOXQ

SOXQ Risk / Return Rank: 93
SOXQ Sharpe Ratio Rank: 95
SOXQ Sortino Ratio Rank: 88
SOXQ Omega Ratio Rank: 90
SOXQ Calmar Ratio Rank: 97
SOXQ Martin Ratio Rank: 96

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. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and Invesco PHLX Semiconductor ETF (SOXQ). 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	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	3.22	3.05	+0.17
Sortino ratio: Return per unit of downside risk	3.45	3.20	+0.25
Omega ratio: Gain probability vs. loss probability	1.50	1.45	+0.05
Calmar ratio: Return relative to maximum drawdown	8.50	7.90	+0.59
Martin ratio: Return relative to average drawdown	28.07	24.74	+3.32

CHPY vs. SOXQ - Sharpe Ratio Comparison

The current CHPY Sharpe Ratio is 3.22, which is comparable to the SOXQ Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of CHPY and SOXQ, 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. SOXQ - Drawdown Comparison

The maximum CHPY drawdown since its inception was -13.41%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for CHPY and SOXQ.

Drawdown Indicators

	CHPY	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-13.41%	-46.01%	+32.60%
Max Drawdown (1Y) Largest decline over 1 year	-13.41%	-15.92%	+2.51%
Max Drawdown (3Y) Largest decline over 3 years	—	-39.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.01%	—
Current Drawdown Current decline from peak	-11.09%	-13.43%	+2.34%
Average Drawdown Average peak-to-trough decline	-2.41%	-12.84%	+10.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.05%	5.08%	-1.03%

Volatility

CHPY vs. SOXQ - Volatility Comparison

The current volatility for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) is 18.56%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 20.43%. This indicates that CHPY experiences smaller price fluctuations and is considered to be less risky than SOXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHPY	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.56%	20.43%	-1.87%
Volatility (6M) Calculated over the trailing 6-month period	30.91%	35.35%	-4.44%
Volatility (1Y) Calculated over the trailing 1-year period	35.36%	41.29%	-5.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.70%	37.87%	-0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.70%	37.62%	+0.08%

CHPY vs. SOXQ - Expense Ratio Comparison

CHPY has a 0.99% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

CHPY vs. SOXQ - Dividend Comparison

CHPY's dividend yield for the trailing twelve months is around 33.00%, more than SOXQ's 0.29% yield.

Position	TTM	2025	2024	2023	2022	2021
CHPY YieldMax Semiconductor Portfolio Option Income ETF	33.00%	28.19%	0.00%	0.00%	0.00%	0.00%
SOXQ Invesco PHLX Semiconductor ETF	0.29%	0.50%	0.68%	0.87%	1.36%	0.72%

Frequently Asked Questions

Can I hold both CHPY and SOXQ in my portfolio?

With a correlation of 0.98, CHPY and SOXQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CHPY or SOXQ?

SOXQ has higher volatility (20.43%) compared to CHPY (18.56%). In terms of maximum drawdown, CHPY dropped -13.41% vs SOXQ's -46.01%.

Which ETF is better, CHPY or SOXQ?

On 1-year performance, SOXQ leads with 125.14% vs 113.35% for CHPY. On fees, SOXQ is cheaper at 0.19% per year. On volatility, CHPY has been the lower-risk option at 18.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHPY or SOXQ?

Over the 1-year period, SOXQ has performed better with a 125.14% return vs 113.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHPY or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.99% for CHPY.

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

CHPY has the higher dividend yield at 33.00%, compared with 0.29% for SOXQ.

What is the main difference between CHPY and SOXQ?

CHPY is categorized as Derivative Income, while SOXQ is Semiconductors. They also come from different issuers: YieldMax and Invesco. Their fees differ too: 0.99% for CHPY and 0.19% for SOXQ.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (3.22 vs 3.05), 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.