CHPY vs. SOXX
CHPY (YieldMax Semiconductor Portfolio Option Income ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - CHPY is a Derivative Income fund actively managed by YieldMax, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. CHPY is actively managed, while SOXX is passively managed. Over the past year, CHPY returned 134.57% vs 167.63% for SOXX. With a 0.97 correlation, they move nearly in lockstep. CHPY charges 0.99%/yr vs 0.34%/yr for SOXX.
Performance
CHPY vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, CHPY achieves a 82.68% return, which is significantly lower than SOXX's 100.58% return.
CHPY
- 1D
- -6.97%
- 1M
- 10.89%
- YTD
- 82.68%
- 6M
- 81.99%
- 1Y
- 134.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXX
- 1D
- -7.88%
- 1M
- 12.35%
- YTD
- 100.58%
- 6M
- 98.07%
- 1Y
- 167.63%
- 3Y*
- 56.18%
- 5Y*
- 33.69%
- 10Y*
- 36.08%
CHPY vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 82.68% | 56.76% |
SOXX iShares Semiconductor ETF | 100.58% | 59.85% |
Correlation
The correlation between CHPY and SOXX is 0.97 - 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 | 0.97 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025 | 0.97 |
The correlation between CHPY and SOXX has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
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Return for Risk
CHPY vs. SOXX — Risk / Return Rank
CHPY
SOXX
CHPY vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and iShares Semiconductor ETF (SOXX). 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 | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.60 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 11.13 | 10.70 | +0.43 |
| Martin ratioReturn relative to average drawdown | 39.19 | 38.46 | +0.73 |
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Drawdowns
CHPY vs. SOXX - Drawdown Comparison
The maximum CHPY drawdown since its inception was -12.19%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for CHPY and SOXX.
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Drawdown Indicators
| CHPY | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.19% | -70.21% | +58.02% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -15.77% | +3.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -41.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.75% | — |
Current DrawdownCurrent decline from peak | -6.97% | -7.88% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -2.14% | -19.94% | +17.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 4.38% | -0.93% |
Volatility
CHPY vs. SOXX - Volatility Comparison
The current volatility for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) is 19.72%, while iShares Semiconductor ETF (SOXX) has a volatility of 22.75%. This indicates that CHPY experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHPY | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.72% | 22.75% | -3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 27.95% | 33.44% | -5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.57% | 39.42% | -6.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.37% | 37.21% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.37% | 34.00% | +2.37% |
CHPY vs. SOXX - Expense Ratio Comparison
CHPY has a 0.99% expense ratio, which is higher than SOXX's 0.34% expense ratio.
Dividends
CHPY vs. SOXX - Dividend Comparison
CHPY's dividend yield for the trailing twelve months is around 29.64%, more than SOXX's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 29.64% | 28.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXX iShares Semiconductor ETF | 0.24% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
With a correlation of 0.97, CHPY and SOXX 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.
SOXX has higher volatility (22.75%) compared to CHPY (19.72%). In terms of maximum drawdown, CHPY dropped -12.19% vs SOXX's -70.21%.
On 1-year performance, SOXX leads with 167.63% vs 134.57% for CHPY. On fees, SOXX is cheaper at 0.34% per year. On volatility, CHPY has been the lower-risk option at 19.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SOXX has performed better with a 167.63% return vs 134.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXX is cheaper with a 0.34% expense ratio, compared with 0.99% for CHPY.
CHPY has the higher dividend yield at 29.64%, compared with 0.24% for SOXX.
CHPY is categorized as Derivative Income, while SOXX is Semiconductors. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for CHPY and 0.34% for SOXX.
SOXX currently has the higher Sharpe Ratio (4.28 vs 4.16), 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.
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