HIYY vs. CHPY
HIYY (YieldMax HIMS 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 0.34 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
HIYY vs. CHPY - Performance Comparison
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Returns By Period
In the year-to-date period, HIYY achieves a 2.11% return, which is significantly lower than CHPY's 79.25% return.
HIYY
- 1D
- -2.64%
- 1M
- 15.27%
- 6M
- 5.26%
- YTD
- 2.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CHPY
- 1D
- 0.14%
- 1M
- -0.31%
- 6M
- 65.45%
- YTD
- 79.25%
- 1Y
- 118.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HIYY vs. CHPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIYY YieldMax HIMS Option Income Strategy ETF | 2.11% | -37.34% |
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 79.25% | 12.23% |
Correlation
The correlation between HIYY and CHPY is 0.34, 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 23, 2025 | 0.34 |
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Return for Risk
HIYY vs. CHPY — Risk / Return Rank
HIYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CHPY
HIYY vs. CHPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax HIMS Option Income Strategy ETF (HIYY) 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.
| HIYY | CHPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.52 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 8.82 | — |
| Martin ratioReturn relative to average drawdown | — | 30.20 | — |
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Drawdowns
HIYY vs. CHPY - Drawdown Comparison
The maximum HIYY drawdown since its inception was -73.95%, which is greater than CHPY's maximum drawdown of -13.41%. Use the drawdown chart below to compare losses from any high point for HIYY and CHPY.
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Drawdown Indicators
| HIYY | CHPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.95% | -13.41% | -60.54% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.41% | — |
Current DrawdownCurrent decline from peak | -41.79% | -8.72% | -33.07% |
Average DrawdownAverage peak-to-trough decline | -43.76% | -2.35% | -41.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.91% | — |
Volatility
HIYY vs. CHPY - Volatility Comparison
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Volatility by Period
| HIYY | CHPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 19.50% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 30.55% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 82.75% | 34.97% | +47.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.75% | 37.52% | +45.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.75% | 37.52% | +45.23% |
HIYY vs. CHPY - Expense Ratio Comparison
Both HIYY and CHPY have an expense ratio of 0.99%.
Dividends
HIYY vs. CHPY - Dividend Comparison
HIYY's dividend yield for the trailing twelve months is around 92.74%, more than CHPY's 32.14% yield.
| Position | TTM | 2025 |
|---|---|---|
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 32.14% | 28.19% |
HIYY YieldMax HIMS Option Income Strategy ETF | 92.74% | 29.99% |
Frequently Asked Questions
HIYY and CHPY have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HIYY and CHPY have the same expense ratio: 0.99% per year.
HIYY has the higher dividend yield at 92.74%, compared with 32.14% for CHPY.
Find the right allocation for HIYY and CHPY
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