CHPY vs. SOXY

Last updated Jun 23, 2026

CHPY (YieldMax Semiconductor Portfolio Option Income ETF) and SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) are both Derivative Income funds from YieldMax. Both are actively managed. Over the past year, CHPY returned 154.02% vs 160.12% for SOXY. With a 0.96 correlation, they move nearly in lockstep. CHPY charges 0.99%/yr vs 1.06%/yr for SOXY.

Performance

CHPY vs. SOXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and YieldMax Target 12™ Semiconductor Option Income ETF (SOXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHPY achieves a 96.36% return, which is significantly lower than SOXY's 102.24% return.

CHPY

• 1D: 2.11%
• 1M: 19.19%
• YTD: 96.36%
• 6M: 96.20%
• 1Y: 154.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXY

• 1D: 1.77%
• 1M: 21.43%
• YTD: 102.24%
• 6M: 104.03%
• 1Y: 160.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHPY vs. SOXY - Yearly Performance Comparison

	2026 (YTD)	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	96.36%	56.76%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	102.24%	51.94%

Correlation

The correlation between CHPY and SOXY is 0.96 - 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	0.96
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025	0.96

The correlation between CHPY and SOXY has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.

Return for Risk

CHPY vs. SOXY — Risk / Return Rank

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

CHPY

CHPY Risk / Return Rank: 97
CHPY Sharpe Ratio Rank: 98
CHPY Sortino Ratio Rank: 95
CHPY Omega Ratio Rank: 95
CHPY Calmar Ratio Rank: 98
CHPY Martin Ratio Rank: 97

SOXY

SOXY Risk / Return Rank: 96
SOXY Sharpe Ratio Rank: 98
SOXY Sortino Ratio Rank: 95
SOXY Omega Ratio Rank: 95
SOXY Calmar Ratio Rank: 98
SOXY Martin Ratio Rank: 97

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. SOXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and YieldMax Target 12™ Semiconductor Option Income ETF (SOXY). 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	SOXY	Difference
Sharpe ratio: Return per unit of total volatility	4.88	4.87	+0.02
Sortino ratio: Return per unit of downside risk	4.94	4.90	+0.04
Omega ratio: Gain probability vs. loss probability	1.73	1.69	+0.04
Calmar ratio: Return relative to maximum drawdown	12.74	11.78	+0.96
Martin ratio: Return relative to average drawdown	45.23	41.98	+3.26

CHPY vs. SOXY - Sharpe Ratio Comparison

The current CHPY Sharpe Ratio is 4.88, which is comparable to the SOXY Sharpe Ratio of 4.87. The chart below compares the historical Sharpe Ratios of CHPY and SOXY, 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. SOXY - Drawdown Comparison

The maximum CHPY drawdown since its inception was -12.19%, smaller than the maximum SOXY drawdown of -30.22%. Use the drawdown chart below to compare losses from any high point for CHPY and SOXY.

Drawdown Indicators

	CHPY	SOXY	Difference
Max Drawdown Largest peak-to-trough decline	-12.19%	-30.22%	+18.03%
Max Drawdown (1Y) Largest decline over 1 year	-12.17%	-13.68%	+1.51%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.12%	-4.91%	+2.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	3.83%	-0.41%

Volatility

CHPY vs. SOXY - Volatility Comparison

YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) have volatilities of 17.94% and 18.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHPY	SOXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.94%	18.30%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	26.88%	28.26%	-1.38%
Volatility (1Y) Calculated over the trailing 1-year period	31.79%	33.16%	-1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.81%	36.37%	-0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.81%	36.37%	-0.56%

CHPY vs. SOXY - Expense Ratio Comparison

CHPY has a 0.99% expense ratio, which is lower than SOXY's 1.06% expense ratio.

Dividends

CHPY vs. SOXY - Dividend Comparison

CHPY's dividend yield for the trailing twelve months is around 27.58%, more than SOXY's 6.85% yield.

Position	TTM	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	27.58%	28.19%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	6.85%	11.47%

Frequently Asked Questions

Can I hold both CHPY and SOXY in my portfolio?

With a correlation of 0.96, CHPY and SOXY 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 SOXY?

SOXY has higher volatility (18.30%) compared to CHPY (17.94%). In terms of maximum drawdown, CHPY dropped -12.19% vs SOXY's -30.22%.

Which ETF is better, CHPY or SOXY?

On 1-year performance, SOXY leads with 160.12% vs 154.02% for CHPY. On fees, CHPY is cheaper at 0.99% per year. On volatility, CHPY has been the lower-risk option at 17.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHPY or SOXY?

Over the 1-year period, SOXY has performed better with a 160.12% return vs 154.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHPY or SOXY?

CHPY is cheaper with a 0.99% expense ratio, compared with 1.06% for SOXY.

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

CHPY has the higher dividend yield at 27.58%, compared with 6.85% for SOXY.

What is the main difference between CHPY and SOXY?

Their fees differ too: 0.99% for CHPY and 1.06% for SOXY.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (4.88 vs 4.87), 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.