CHPY vs. USOY

Last updated Apr 2, 2026

Compare and contrast key facts about YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and Defiance Oil Enhanced Options Income ETF (USOY).

CHPY and USOY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CHPY is an actively managed fund by YieldMax. It was launched on Apr 2, 2025. USOY is an actively managed fund by Defiance. It was launched on May 9, 2024.

Performance

CHPY vs. USOY - Performance Comparison

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

CHPY vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	12.50%	62.91%
USOY Defiance Oil Enhanced Options Income ETF	59.52%	-4.40%

Returns By Period

In the year-to-date period, CHPY achieves a 12.50% return, which is significantly lower than USOY's 59.52% return.

CHPY

• 1D: 1.79%
• 1M: -1.93%
• YTD: 12.50%
• 6M: 22.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: -0.43%
• 1M: 30.11%
• YTD: 59.52%
• 6M: 55.51%
• 1Y: 43.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHPY vs. USOY - Expense Ratio Comparison

CHPY has a 0.99% expense ratio, which is lower than USOY's 1.22% expense ratio.

USOY

Defiance Oil Enhanced Options Income ETF

CHPY

YieldMax Semiconductor Portfolio Option Income ETF

Return for Risk

CHPY vs. USOY — Risk / Return Rank

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

USOY

USOY Risk / Return Rank: 76
USOY Sharpe Ratio Rank: 84
USOY Sortino Ratio Rank: 81
USOY Omega Ratio Rank: 78
USOY Calmar Ratio Rank: 86
USOY Martin Ratio Rank: 52

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. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) and Defiance Oil Enhanced Options Income ETF (USOY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CHPY	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.59	1.23	+1.36

Correlation

The correlation between CHPY and USOY is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

CHPY vs. USOY - Dividend Comparison

CHPY's dividend yield for the trailing twelve months is around 39.01%, less than USOY's 56.23% yield.

	TTM	2025	2024
CHPY YieldMax Semiconductor Portfolio Option Income ETF	39.01%	28.19%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	56.23%	104.32%	48.60%

Drawdowns

CHPY vs. USOY - Drawdown Comparison

The maximum CHPY drawdown since its inception was -12.17%, smaller than the maximum USOY drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for CHPY and USOY.

Drawdown Indicators

	CHPY	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-12.17%	-17.46%	+5.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.70%	—
Current Drawdown Current decline from peak	-4.98%	-0.97%	-4.01%
Average Drawdown Average peak-to-trough decline	-2.16%	-6.55%	+4.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.34%	—

Volatility

Volatility by Period

	CHPY	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.72%	25.35%	+7.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.72%	22.35%	+10.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.72%	22.35%	+10.37%