IETH vs. CHPY
IETH (Bitwise Ethereum Option Income Strategy ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.47 correlation, their price movements are largely independent. IETH charges 0.97%/yr vs 0.99%/yr for CHPY.
Performance
IETH vs. CHPY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IETH achieves a -33.82% return, which is significantly lower than CHPY's 85.77% return.
IETH
- 1D
- -5.08%
- 1M
- -18.82%
- YTD
- -33.82%
- 6M
- -35.44%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CHPY
- 1D
- 1.14%
- 1M
- 29.53%
- YTD
- 85.77%
- 6M
- 85.49%
- 1Y
- 149.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IETH vs. CHPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IETH Bitwise Ethereum Option Income Strategy ETF | -33.82% | -28.43% |
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 85.77% | 7.71% |
Correlation
The correlation between IETH and CHPY is 0.47, 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 Oct 3, 2025 | 0.47 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IETH vs. CHPY — Risk / Return Rank
IETH
CHPY
IETH vs. CHPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Ethereum Option Income Strategy ETF (IETH) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Loading charts...
Sharpe Ratios by Period
| IETH | CHPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 5.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.13 | 4.83 | -5.97 |
Drawdowns
IETH vs. CHPY - Drawdown Comparison
The maximum IETH drawdown since its inception was -55.94%, which is greater than CHPY's maximum drawdown of -12.17%. Use the drawdown chart below to compare losses from any high point for IETH and CHPY.
Loading charts...
Drawdown Indicators
| IETH | CHPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.94% | -12.17% | -43.77% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.17% | — |
Current DrawdownCurrent decline from peak | -54.25% | 0.00% | -54.25% |
Average DrawdownAverage peak-to-trough decline | -37.10% | -1.98% | -35.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.18% | — |
Volatility
IETH vs. CHPY - Volatility Comparison
Loading charts...
Volatility by Period
| IETH | CHPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 22.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 59.79% | 27.59% | +32.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.79% | 33.17% | +26.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.79% | 33.17% | +26.62% |
IETH vs. CHPY - Expense Ratio Comparison
IETH has a 0.97% expense ratio, which is lower than CHPY's 0.99% expense ratio.
Dividends
IETH vs. CHPY - Dividend Comparison
IETH's dividend yield for the trailing twelve months is around 46.99%, more than CHPY's 28.40% yield.
| Position | TTM | 2025 |
|---|---|---|
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 28.40% | 28.19% |
IETH Bitwise Ethereum Option Income Strategy ETF | 46.99% | 18.26% |
Frequently Asked Questions
IETH and CHPY have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IETH is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IETH is cheaper with a 0.97% expense ratio, compared with 0.99% for CHPY.
IETH has the higher dividend yield at 46.99%, compared with 28.40% for CHPY.
They also come from different issuers: Bitwise and YieldMax. Their fees differ too: 0.97% for IETH and 0.99% for CHPY.
Find the right allocation for IETH and CHPY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer