CRCO vs. CHPY

Last updated Jun 27, 2026

CRCO (YieldMax CRCL Option Income Strategy ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both Derivative Income funds from YieldMax. Both are actively managed. At a 0.37 correlation, their price movements are largely independent. CRCO charges 1.01%/yr vs 0.99%/yr for CHPY.

Performance

CRCO vs. CHPY - Performance Comparison

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

Returns By Period

In the year-to-date period, CRCO achieves a -4.90% return, which is significantly lower than CHPY's 80.12% return.

CRCO

• 1D: 4.35%
• 1M: -24.74%
• YTD: -4.90%
• 6M: -6.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CHPY

• 1D: -4.49%
• 1M: 5.42%
• YTD: 80.12%
• 6M: 78.11%
• 1Y: 124.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRCO vs. CHPY - Yearly Performance Comparison

	2026 (YTD)	2025
CRCO YieldMax CRCL Option Income Strategy ETF	-4.90%	-38.00%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	80.12%	11.68%

Correlation

The correlation between CRCO and CHPY is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.37

Return for Risk

CRCO vs. CHPY — Risk / Return Rank

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

CRCO

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

CHPY

CHPY Risk / Return Rank: 96
CHPY Sharpe Ratio Rank: 97
CHPY Sortino Ratio Rank: 93
CHPY Omega Ratio Rank: 94
CHPY Calmar Ratio Rank: 97
CHPY 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.

CRCO vs. CHPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax CRCL Option Income Strategy ETF (CRCO) and YieldMax Semiconductor Portfolio Option Income ETF (CHPY). 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.

	CRCO	CHPY	Difference
Sharpe ratio: Return per unit of total volatility	—	3.81	—
Sortino ratio: Return per unit of downside risk	—	4.01	—
Omega ratio: Gain probability vs. loss probability	—	1.59	—
Calmar ratio: Return relative to maximum drawdown	—	10.33	—
Martin ratio: Return relative to average drawdown	—	35.61	—

Drawdowns

CRCO vs. CHPY - Drawdown Comparison

The maximum CRCO drawdown since its inception was -61.75%, which is greater than CHPY's maximum drawdown of -12.19%. Use the drawdown chart below to compare losses from any high point for CRCO and CHPY.

Drawdown Indicators

	CRCO	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-61.75%	-12.19%	-49.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.17%	—
Current Drawdown Current decline from peak	-46.53%	-8.27%	-38.26%
Average Drawdown Average peak-to-trough decline	-33.86%	-2.18%	-31.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.52%	—

Volatility

Volatility by Period

	CRCO	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	85.04%	33.00%	+52.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.04%	36.55%	+48.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.04%	36.55%	+48.49%

CRCO vs. CHPY - Expense Ratio Comparison

CRCO has a 1.01% expense ratio, which is higher than CHPY's 0.99% expense ratio.

Dividends

CRCO vs. CHPY - Dividend Comparison

CRCO's dividend yield for the trailing twelve months is around 124.66%, more than CHPY's 30.83% yield.

Position	TTM	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	30.83%	28.19%
CRCO YieldMax CRCL Option Income Strategy ETF	124.66%	35.79%

Frequently Asked Questions

Can I hold both CRCO and CHPY in my portfolio?

CRCO and CHPY have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CRCO or CHPY?

On fees, CHPY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CRCO or CHPY?

CHPY is cheaper with a 0.99% expense ratio, compared with 1.01% for CRCO.

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

CRCO has the higher dividend yield at 124.66%, compared with 30.83% for CHPY.

What is the main difference between CRCO and CHPY?

Their fees differ too: 1.01% for CRCO and 0.99% for CHPY.