IIRGX vs. CHPY

Last updated Jun 26, 2026

IIRGX (Voya Retirement Growth Portfolio) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both funds - IIRGX is a Diversified Portfolio fund managed by Voya, while CHPY is a Derivative Income fund actively managed by YieldMax. Over the past year, IIRGX returned 18.85% vs 136.97% for CHPY. A 0.65 correlation means they provide meaningful diversification when combined. IIRGX charges 0.26%/yr vs 0.99%/yr for CHPY.

Performance

IIRGX vs. CHPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Retirement Growth Portfolio (IIRGX) 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, IIRGX achieves a 7.97% return, which is significantly lower than CHPY's 88.59% return.

IIRGX

• 1D: 0.09%
• 1M: -0.78%
• YTD: 7.97%
• 6M: 6.97%
• 1Y: 18.85%
• 3Y*: 15.98%
• 5Y*: 8.56%
• 10Y*: 10.18%

CHPY

• 1D: 3.25%
• 1M: 8.85%
• YTD: 88.59%
• 6M: 86.91%
• 1Y: 136.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IIRGX vs. CHPY - Yearly Performance Comparison

	2026 (YTD)	2025
IIRGX Voya Retirement Growth Portfolio	7.97%	16.88%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	88.59%	56.76%

Correlation

The correlation between IIRGX and CHPY is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025	0.65

The correlation between IIRGX and CHPY has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.

Return for Risk

IIRGX vs. CHPY — Risk / Return Rank

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

IIRGX

IIRGX Risk / Return Rank: 70
IIRGX Sharpe Ratio Rank: 66
IIRGX Sortino Ratio Rank: 68
IIRGX Omega Ratio Rank: 64
IIRGX Calmar Ratio Rank: 69
IIRGX Martin Ratio Rank: 82

CHPY

CHPY Risk / Return Rank: 96
CHPY Sharpe Ratio Rank: 97
CHPY Sortino Ratio Rank: 95
CHPY Omega Ratio Rank: 95
CHPY Calmar Ratio Rank: 98
CHPY Martin Ratio Rank: 97

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.

IIRGX vs. CHPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Retirement Growth Portfolio (IIRGX) 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.

	IIRGX	CHPY	Difference
Sharpe ratio: Return per unit of total volatility	1.92	4.22	-2.30
Sortino ratio: Return per unit of downside risk	2.77	4.35	-1.58
Omega ratio: Gain probability vs. loss probability	1.35	1.65	-0.29
Calmar ratio: Return relative to maximum drawdown	2.71	11.33	-8.62
Martin ratio: Return relative to average drawdown	12.70	39.47	-26.77

IIRGX vs. CHPY - Sharpe Ratio Comparison

The current IIRGX Sharpe Ratio is 1.92, which is lower than the CHPY Sharpe Ratio of 4.22. The chart below compares the historical Sharpe Ratios of IIRGX 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

IIRGX vs. CHPY - Drawdown Comparison

The maximum IIRGX drawdown since its inception was -56.97%, which is greater than CHPY's maximum drawdown of -12.19%. Use the drawdown chart below to compare losses from any high point for IIRGX and CHPY.

Drawdown Indicators

	IIRGX	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-56.97%	-12.19%	-44.78%
Max Drawdown (1Y) Largest decline over 1 year	-7.54%	-12.17%	+4.63%
Max Drawdown (3Y) Largest decline over 3 years	-14.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.89%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-26.75%	—	—
Current Drawdown Current decline from peak	-1.79%	-3.96%	+2.17%
Average Drawdown Average peak-to-trough decline	-11.10%	-2.16%	-8.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	3.48%	-1.93%

Volatility

IIRGX vs. CHPY - Volatility Comparison

The current volatility for Voya Retirement Growth Portfolio (IIRGX) is 3.94%, while YieldMax Semiconductor Portfolio Option Income ETF (CHPY) has a volatility of 19.30%. This indicates that IIRGX 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

	IIRGX	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	19.30%	-15.36%
Volatility (6M) Calculated over the trailing 6-month period	8.47%	28.01%	-19.54%
Volatility (1Y) Calculated over the trailing 1-year period	10.66%	32.65%	-21.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.19%	36.34%	-23.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.30%	36.34%	-23.04%

IIRGX vs. CHPY - Expense Ratio Comparison

IIRGX has a 0.26% expense ratio, which is lower than CHPY's 0.99% expense ratio.

Dividends

IIRGX vs. CHPY - Dividend Comparison

IIRGX's dividend yield for the trailing twelve months is around 27.35%, less than CHPY's 29.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHPY YieldMax Semiconductor Portfolio Option Income ETF	29.89%	28.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IIRGX Voya Retirement Growth Portfolio	27.35%	29.53%	8.53%	10.23%	18.26%	6.16%	6.49%	9.65%	9.24%	9.08%	7.96%	2.20%

Frequently Asked Questions

Can I hold both IIRGX and CHPY in my portfolio?

IIRGX and CHPY have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IIRGX or CHPY?

CHPY has higher volatility (19.30%) compared to IIRGX (3.94%). In terms of maximum drawdown, IIRGX dropped -56.97% vs CHPY's -12.19%.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (4.22 vs 1.92), 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.