GOOY vs. CHPY

Last updated Aug 4, 2026

GOOY (YieldMax GOOGL Option Income Strategy ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both Derivative Income funds from YieldMax. Both are actively managed. Over the past year, GOOY returned 70.54% vs 95.00% for CHPY. Their 0.39 correlation means their historical movements had little consistent relationship. Both charge a 0.99% expense ratio.

Performance

GOOY vs. CHPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax GOOGL Option Income Strategy ETF (GOOY) 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, GOOY achieves a 15.35% return, which is significantly lower than CHPY's 56.70% return.

GOOY

• 1D: 3.69%
• 1M: 1.69%
• 6M: 6.23%
• YTD: 15.35%
• 1Y: 70.54%
• 3Y*: 25.61%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.40%

CHPY

• 1D: 0.77%
• 1M: -10.41%
• 6M: 38.53%
• YTD: 56.70%
• 1Y: 95.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 96.22%

*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	$51.63M	$53.85M	$60.48M
GOOY YieldMax GOOGL Option Income Strategy ETF	$5.33M	$4.69M	$7.86M

GOOY vs. CHPY - Yearly Performance Comparison

	2026 (YTD)	2025
GOOY YieldMax GOOGL Option Income Strategy ETF	15.35%	76.11%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	56.70%	56.76%

Correlation

The correlation between GOOY and CHPY is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.37
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025	0.39

Return for Risk

GOOY vs. CHPY — Risk / Return Rank

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

GOOY

GOOY Risk / Return Rank: 91
GOOY Sharpe Ratio Rank: 95
GOOY Sortino Ratio Rank: 94
GOOY Omega Ratio Rank: 93
GOOY Calmar Ratio Rank: 91
GOOY Martin Ratio Rank: 84

CHPY

CHPY Risk / Return Rank: 89
CHPY Sharpe Ratio Rank: 93
CHPY Sortino Ratio Rank: 86
CHPY Omega Ratio Rank: 88
CHPY Calmar Ratio Rank: 86
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.

GOOY vs. CHPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax GOOGL Option Income Strategy ETF (GOOY) 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.

	GOOY	CHPY	Difference
Sharpe ratio: Return per unit of total volatility	2.75	2.50	+0.25
Sortino ratio: Return per unit of downside risk	3.70	2.89	+0.81
Omega ratio: Gain probability vs. loss probability	1.48	1.40	+0.08
Calmar ratio: Return relative to maximum drawdown	4.01	3.46	+0.55
Martin ratio: Return relative to average drawdown	11.89	15.85	-3.96

GOOY vs. CHPY - Sharpe Ratio Comparison

The current GOOY Sharpe Ratio is 2.75, which is comparable to the CHPY Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of GOOY 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

GOOY vs. CHPY - Drawdown Comparison

The maximum GOOY drawdown since its inception was -24.40%, smaller than the maximum CHPY drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for GOOY and CHPY.

Drawdown Indicators

	GOOY	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-24.40%	-27.64%	+3.24%
Max Drawdown (1Y) Largest decline over 1 year	-17.70%	-27.64%	+9.94%
Max Drawdown (3Y) Largest decline over 3 years	-24.40%	—	—
Current Drawdown Current decline from peak	-7.22%	-20.20%	+12.98%
Average Drawdown Average peak-to-trough decline	-6.46%	-3.08%	-3.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.95%	6.01%	-0.06%

Volatility

GOOY vs. CHPY - Volatility Comparison

The current volatility for YieldMax GOOGL Option Income Strategy ETF (GOOY) is 10.94%, while YieldMax Semiconductor Portfolio Option Income ETF (CHPY) has a volatility of 17.01%. This indicates that GOOY 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

	GOOY	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.94%	17.01%	-6.07%
Volatility (6M) Calculated over the trailing 6-month period	20.74%	33.89%	-13.15%
Volatility (1Y) Calculated over the trailing 1-year period	25.85%	38.24%	-12.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.96%	39.09%	-15.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.96%	39.09%	-15.13%

GOOY vs. CHPY - Expense Ratio Comparison

Both GOOY and CHPY have an expense ratio of 0.99%.

Dividends

GOOY vs. CHPY - Dividend Comparison

GOOY's dividend yield for the trailing twelve months is around 53.13%, more than CHPY's 38.40% yield.

Position	TTM	2025	2024	2023
CHPY YieldMax Semiconductor Portfolio Option Income ETF	38.40%	28.19%	0.00%	0.00%
GOOY YieldMax GOOGL Option Income Strategy ETF	53.13%	41.50%	36.74%	7.90%

Frequently Asked Questions

Can I hold both GOOY and CHPY in my portfolio?

GOOY 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 is riskier, GOOY or CHPY?

CHPY has higher volatility (17.01%) compared to GOOY (10.94%). In terms of maximum drawdown, GOOY dropped -24.40% vs CHPY's -27.64%.

Which ETF is better, GOOY or CHPY?

On 1-year performance, CHPY leads with 95.00% vs 70.54% for GOOY. Both ETFs have the same 0.99% expense ratio. On volatility, GOOY has been the lower-risk option at 10.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOY or CHPY?

Over the 1-year period, CHPY has performed better with a 95.00% return vs 70.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOY or CHPY?

GOOY and CHPY have the same expense ratio: 0.99% per year.

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

GOOY has the higher dividend yield at 53.13%, compared with 38.40% for CHPY.

Which has better risk-adjusted returns?

GOOY currently has the higher Sharpe Ratio (2.75 vs 2.50), 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.