FYEE vs. CHPY

Last updated Aug 5, 2026

FYEE (Fidelity Yield Enhanced Equity ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, FYEE returned 22.92% vs 105.03% for CHPY. Their 0.68 correlation means they have sometimes moved together and sometimes differently. FYEE charges 0.28%/yr vs 0.99%/yr for CHPY.

Performance

FYEE vs. CHPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Yield Enhanced Equity ETF (FYEE) 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, FYEE achieves a 10.63% return, which is significantly lower than CHPY's 66.63% return.

FYEE

• 1D: 0.52%
• 1M: 4.18%
• 6M: 9.07%
• YTD: 10.63%
• 1Y: 22.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.62%

CHPY

• 1D: 6.34%
• 1M: -4.73%
• 6M: 50.63%
• YTD: 66.63%
• 1Y: 105.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 105.17%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CHPY YieldMax Semiconductor Portfolio Option Income ETF	$49.15M	$53.66M	$60.73M
FYEE Fidelity Yield Enhanced Equity ETF	$2.01M	$2.04M	$2.27M

FYEE vs. CHPY - Yearly Performance Comparison

	2026 (YTD)	2025
FYEE Fidelity Yield Enhanced Equity ETF	10.63%	18.95%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	66.63%	56.76%

Correlation

The correlation between FYEE and CHPY is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025	0.68

The correlation between FYEE and CHPY has been stable across timeframes, ranging from 0.68 to 0.68 - a consistent structural relationship.

Return for Risk

FYEE vs. CHPY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FYEE

FYEE Risk / Return Rank: 84
FYEE Sharpe Ratio Rank: 85
FYEE Sortino Ratio Rank: 81
FYEE Omega Ratio Rank: 88
FYEE Calmar Ratio Rank: 78
FYEE Martin Ratio Rank: 89

CHPY

CHPY Risk / Return Rank: 89
CHPY Sharpe Ratio Rank: 94
CHPY Sortino Ratio Rank: 85
CHPY Omega Ratio Rank: 88
CHPY Calmar Ratio Rank: 88
CHPY Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FYEE vs. CHPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Yield Enhanced Equity ETF (FYEE) 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.

	FYEE	CHPY	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.73	-0.56
Sortino ratio: Return per unit of downside risk	2.93	3.09	-0.16
Omega ratio: Gain probability vs. loss probability	1.43	1.43	0.00
Calmar ratio: Return relative to maximum drawdown	3.12	3.82	-0.71
Martin ratio: Return relative to average drawdown	14.89	17.31	-2.42

FYEE vs. CHPY - Sharpe Ratio Comparison

The current FYEE Sharpe Ratio is 2.18, which is comparable to the CHPY Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of FYEE and CHPY, 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

FYEE vs. CHPY - Drawdown Comparison

The maximum FYEE drawdown since its inception was -18.79%, smaller than the maximum CHPY drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for FYEE and CHPY.

Drawdown Indicators

	FYEE	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-18.79%	-27.64%	+8.85%
Max Drawdown (1Y) Largest decline over 1 year	-7.39%	-27.64%	+20.25%
Current Drawdown Current decline from peak	0.00%	-15.14%	+15.14%
Average Drawdown Average peak-to-trough decline	-2.16%	-3.12%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.54%	6.09%	-4.55%

Volatility

FYEE vs. CHPY - Volatility Comparison

The current volatility for Fidelity Yield Enhanced Equity ETF (FYEE) is 3.15%, while YieldMax Semiconductor Portfolio Option Income ETF (CHPY) has a volatility of 18.09%. This indicates that FYEE experiences smaller price fluctuations and is considered to be less risky than CHPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FYEE	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	18.09%	-14.94%
Volatility (6M) Calculated over the trailing 6-month period	8.41%	34.38%	-25.97%
Volatility (1Y) Calculated over the trailing 1-year period	10.64%	38.64%	-28.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.77%	39.38%	-25.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.77%	39.38%	-25.61%

FYEE vs. CHPY - Expense Ratio Comparison

FYEE has a 0.28% expense ratio, which is lower than CHPY's 0.99% expense ratio.

Dividends

FYEE vs. CHPY - Dividend Comparison

FYEE's dividend yield for the trailing twelve months is around 8.21%, less than CHPY's 36.11% yield.

Position	TTM	2025	2024
CHPY YieldMax Semiconductor Portfolio Option Income ETF	36.11%	28.19%	0.00%
FYEE Fidelity Yield Enhanced Equity ETF	8.21%	7.08%	5.45%

Frequently Asked Questions

Can I hold both FYEE and CHPY in my portfolio?

FYEE and CHPY have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FYEE or CHPY?

CHPY has higher volatility (18.09%) compared to FYEE (3.15%). In terms of maximum drawdown, FYEE dropped -18.79% vs CHPY's -27.64%.

Which ETF is better, FYEE or CHPY?

On 1-year performance, CHPY leads with 105.03% vs 22.92% for FYEE. On fees, FYEE is cheaper at 0.28% per year. On volatility, FYEE has been the lower-risk option at 3.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FYEE or CHPY?

Over the 1-year period, CHPY has performed better with a 105.03% return vs 22.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FYEE or CHPY?

FYEE is cheaper with a 0.28% expense ratio, compared with 0.99% for CHPY.

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

CHPY has the higher dividend yield at 36.11%, compared with 8.21% for FYEE.

What is the main difference between FYEE and CHPY?

They also come from different issuers: Fidelity and YieldMax. Their fees differ too: 0.28% for FYEE and 0.99% for CHPY.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (2.73 vs 2.18), 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.