KIQQ vs. CHPY

Last updated Jun 6, 2026

KIQQ (KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both Derivative Income funds. Both are actively managed. A 0.76 correlation means they provide meaningful diversification when combined. KIQQ charges 0.79%/yr vs 0.99%/yr for CHPY.

Performance

KIQQ vs. CHPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF (KIQQ) and YieldMax Semiconductor Portfolio Option Income ETF (CHPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KIQQ

• 1D: -3.57%
• 1M: 0.99%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CHPY

• 1D: -9.58%
• 1M: 7.19%
• YTD: 65.44%
• 6M: 64.28%
• 1Y: 121.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KIQQ vs. CHPY - Yearly Performance Comparison

	2026 (YTD)
KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF	6.53%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	54.83%

Correlation

The correlation between KIQQ and CHPY is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 8, 2026	0.76

Return for Risk

KIQQ vs. CHPY — Risk / Return Rank

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

CHPY

CHPY Risk / Return Rank: 95
CHPY Sharpe Ratio Rank: 96
CHPY Sortino Ratio Rank: 92
CHPY Omega Ratio Rank: 94
CHPY Calmar Ratio Rank: 97
CHPY Martin Ratio Rank: 96

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.

KIQQ vs. CHPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF (KIQQ) 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.

Sharpe Ratios by Period

	KIQQ	CHPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	3.90	-2.75

Drawdowns

KIQQ vs. CHPY - Drawdown Comparison

The maximum KIQQ drawdown since its inception was -8.89%, smaller than the maximum CHPY drawdown of -12.17%. Use the drawdown chart below to compare losses from any high point for KIQQ and CHPY.

Drawdown Indicators

	KIQQ	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-8.89%	-12.17%	+3.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.17%	—
Current Drawdown Current decline from peak	-4.01%	-10.94%	+6.93%
Average Drawdown Average peak-to-trough decline	-2.44%	-2.01%	-0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.25%	—

Volatility

Volatility by Period

	KIQQ	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	29.34%	-14.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.55%	34.37%	-19.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.55%	34.37%	-19.82%

KIQQ vs. CHPY - Expense Ratio Comparison

KIQQ has a 0.79% expense ratio, which is lower than CHPY's 0.99% expense ratio.

Dividends

KIQQ vs. CHPY - Dividend Comparison

KIQQ's dividend yield for the trailing twelve months is around 3.66%, less than CHPY's 31.44% yield.

Position	TTM	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	31.44%	28.19%
KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF	3.66%	0.00%

Frequently Asked Questions

Can I hold both KIQQ and CHPY in my portfolio?

KIQQ and CHPY have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KIQQ or CHPY?

On fees, KIQQ is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KIQQ or CHPY?

KIQQ is cheaper with a 0.79% expense ratio, compared with 0.99% for CHPY.

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

CHPY has the higher dividend yield at 31.44%, compared with 3.66% for KIQQ.

What is the main difference between KIQQ and CHPY?

They also come from different issuers: KraneShares and YieldMax. Their fees differ too: 0.79% for KIQQ and 0.99% for CHPY.