HOOW vs. CHPY

Last updated Jul 21, 2026

HOOW (Roundhill HOOD WeeklyPay ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both exchange-traded funds - HOOW is a Leveraged Equities fund actively managed by Roundhill, while CHPY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, HOOW returned -20.29% vs 94.78% for CHPY. At a 0.42 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

HOOW vs. CHPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill HOOD WeeklyPay ETF (HOOW) 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, HOOW achieves a -19.14% return, which is significantly lower than CHPY's 60.59% return.

HOOW

• 1D: -0.90%
• 1M: -10.64%
• 6M: -15.25%
• YTD: -19.14%
• 1Y: -20.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.34%

CHPY

• 1D: 0.07%
• 1M: -16.49%
• 6M: 45.51%
• YTD: 60.59%
• 1Y: 94.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 104.00%

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

HOOW vs. CHPY - Yearly Performance Comparison

	2026 (YTD)	2025
HOOW Roundhill HOOD WeeklyPay ETF	-19.14%	52.60%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	60.59%	29.24%

Correlation

The correlation between HOOW and CHPY is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.42

Return for Risk

HOOW vs. CHPY — Risk / Return Rank

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

HOOW

HOOW Risk / Return Rank: 9
HOOW Sharpe Ratio Rank: 8
HOOW Sortino Ratio Rank: 11
HOOW Omega Ratio Rank: 11
HOOW Calmar Ratio Rank: 7
HOOW Martin Ratio Rank: 8

CHPY

CHPY Risk / Return Rank: 91
CHPY Sharpe Ratio Rank: 94
CHPY Sortino Ratio Rank: 86
CHPY Omega Ratio Rank: 89
CHPY Calmar Ratio Rank: 94
CHPY Martin Ratio Rank: 95

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.

HOOW vs. CHPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill HOOD WeeklyPay ETF (HOOW) 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.

	HOOW	CHPY	Difference
Sharpe ratio: Return per unit of total volatility	-0.24	2.66	-2.90
Sortino ratio: Return per unit of downside risk	0.22	3.00	-2.78
Omega ratio: Gain probability vs. loss probability	1.03	1.42	-0.40
Calmar ratio: Return relative to maximum drawdown	-0.31	5.22	-5.52
Martin ratio: Return relative to average drawdown	-0.51	20.81	-21.32

HOOW vs. CHPY - Sharpe Ratio Comparison

The current HOOW Sharpe Ratio is -0.24, which is lower than the CHPY Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of HOOW 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

HOOW vs. CHPY - Drawdown Comparison

The maximum HOOW drawdown since its inception was -65.74%, which is greater than CHPY's maximum drawdown of -18.27%. Use the drawdown chart below to compare losses from any high point for HOOW and CHPY.

Drawdown Indicators

	HOOW	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-65.74%	-18.27%	-47.47%
Max Drawdown (1Y) Largest decline over 1 year	-65.74%	-18.27%	-47.47%
Current Drawdown Current decline from peak	-45.08%	-18.22%	-26.86%
Average Drawdown Average peak-to-trough decline	-30.60%	-2.58%	-28.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.51%	4.57%	+34.94%

Volatility

HOOW vs. CHPY - Volatility Comparison

Roundhill HOOD WeeklyPay ETF (HOOW) has a higher volatility of 23.03% compared to YieldMax Semiconductor Portfolio Option Income ETF (CHPY) at 17.75%. This indicates that HOOW's price experiences larger fluctuations and is considered to be riskier than CHPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOW	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.03%	17.75%	+5.28%
Volatility (6M) Calculated over the trailing 6-month period	64.14%	31.44%	+32.70%
Volatility (1Y) Calculated over the trailing 1-year period	84.43%	35.88%	+48.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.98%	37.81%	+46.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.98%	37.81%	+46.17%

HOOW vs. CHPY - Expense Ratio Comparison

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

Dividends

HOOW vs. CHPY - Dividend Comparison

HOOW's dividend yield for the trailing twelve months is around 148.30%, more than CHPY's 36.46% yield.

Position	TTM	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	36.46%	28.19%
HOOW Roundhill HOOD WeeklyPay ETF	148.30%	67.92%

Frequently Asked Questions

Can I hold both HOOW and CHPY in my portfolio?

HOOW and CHPY have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOOW or CHPY?

HOOW has higher volatility (23.03%) compared to CHPY (17.75%). In terms of maximum drawdown, HOOW dropped -65.74% vs CHPY's -18.27%.

Which ETF is better, HOOW or CHPY?

On 1-year performance, CHPY leads with 94.78% vs -20.29% for HOOW. Both ETFs have the same 0.99% expense ratio. On volatility, CHPY has been the lower-risk option at 17.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOW or CHPY?

Over the 1-year period, CHPY has performed better with a 94.78% return vs -20.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOW or CHPY?

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

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

HOOW has the higher dividend yield at 148.30%, compared with 36.46% for CHPY.

What is the main difference between HOOW and CHPY?

HOOW is categorized as Leveraged Equities, while CHPY is Derivative Income. They also come from different issuers: Roundhill and YieldMax.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (2.66 vs -0.24), 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.