METW vs. CHPY

Last updated Jun 24, 2026

METW (Roundhill Meta Weeklypay ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both exchange-traded funds - METW is a Technology Equities fund tracking the Ball Metaverse Index, while CHPY is a Derivative Income fund actively managed by YieldMax. METW is passively managed, while CHPY is actively managed. Over the past year, METW returned -26.35% vs 134.57% for CHPY. At a 0.32 correlation, their price movements are largely independent. METW charges 0.59%/yr vs 0.99%/yr for CHPY.

Performance

METW vs. CHPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Meta Weeklypay ETF (METW) 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, METW achieves a -19.43% return, which is significantly lower than CHPY's 82.68% return.

METW

• 1D: -0.28%
• 1M: -9.52%
• YTD: -19.43%
• 6M: -20.16%
• 1Y: -26.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CHPY

• 1D: -6.97%
• 1M: 10.89%
• YTD: 82.68%
• 6M: 81.99%
• 1Y: 134.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

METW vs. CHPY - Yearly Performance Comparison

	2026 (YTD)	2025
METW Roundhill Meta Weeklypay ETF	-19.43%	-9.14%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	82.68%	29.24%

Correlation

The correlation between METW and CHPY is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.32

Return for Risk

METW vs. CHPY — Risk / Return Rank

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

METW

METW Risk / Return Rank: 4
METW Sharpe Ratio Rank: 4
METW Sortino Ratio Rank: 4
METW Omega Ratio Rank: 4
METW Calmar Ratio Rank: 4
METW Martin Ratio Rank: 3

CHPY

CHPY Risk / Return Rank: 95
CHPY Sharpe Ratio Rank: 96
CHPY Sortino Ratio Rank: 93
CHPY Omega Ratio Rank: 94
CHPY Calmar Ratio Rank: 97
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.

METW vs. CHPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meta Weeklypay ETF (METW) 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.

	METW	CHPY	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	4.16	-4.77
Sortino ratio: Return per unit of downside risk	-0.69	4.30	-4.99
Omega ratio: Gain probability vs. loss probability	0.91	1.64	-0.73
Calmar ratio: Return relative to maximum drawdown	-0.65	11.13	-11.78
Martin ratio: Return relative to average drawdown	-1.25	39.19	-40.44

METW vs. CHPY - Sharpe Ratio Comparison

The current METW Sharpe Ratio is -0.61, which is lower than the CHPY Sharpe Ratio of 4.16. The chart below compares the historical Sharpe Ratios of METW 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

METW vs. CHPY - Drawdown Comparison

The maximum METW drawdown since its inception was -40.52%, which is greater than CHPY's maximum drawdown of -12.19%. Use the drawdown chart below to compare losses from any high point for METW and CHPY.

Drawdown Indicators

	METW	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-40.52%	-12.19%	-28.33%
Max Drawdown (1Y) Largest decline over 1 year	-40.52%	-12.17%	-28.35%
Current Drawdown Current decline from peak	-36.08%	-6.97%	-29.11%
Average Drawdown Average peak-to-trough decline	-18.08%	-2.14%	-15.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.11%	3.45%	+17.66%

Volatility

METW vs. CHPY - Volatility Comparison

The current volatility for Roundhill Meta Weeklypay ETF (METW) is 15.67%, while YieldMax Semiconductor Portfolio Option Income ETF (CHPY) has a volatility of 19.72%. This indicates that METW 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

	METW	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.67%	19.72%	-4.05%
Volatility (6M) Calculated over the trailing 6-month period	33.51%	27.95%	+5.56%
Volatility (1Y) Calculated over the trailing 1-year period	43.19%	32.57%	+10.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.09%	36.37%	+6.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.09%	36.37%	+6.72%

METW vs. CHPY - Expense Ratio Comparison

METW has a 0.59% expense ratio, which is lower than CHPY's 0.99% expense ratio.

Dividends

METW vs. CHPY - Dividend Comparison

METW's dividend yield for the trailing twelve months is around 66.02%, more than CHPY's 29.64% yield.

Position	TTM	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	29.64%	28.19%
METW Roundhill Meta Weeklypay ETF	66.02%	30.89%

Frequently Asked Questions

Can I hold both METW and CHPY in my portfolio?

METW and CHPY have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, METW or CHPY?

CHPY has higher volatility (19.72%) compared to METW (15.67%). In terms of maximum drawdown, METW dropped -40.52% vs CHPY's -12.19%.

Which ETF is better, METW or CHPY?

On 1-year performance, CHPY leads with 134.57% vs -26.35% for METW. On fees, METW is cheaper at 0.59% per year. On volatility, METW has been the lower-risk option at 15.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, METW or CHPY?

Over the 1-year period, CHPY has performed better with a 134.57% return vs -26.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, METW or CHPY?

METW is cheaper with a 0.59% expense ratio, compared with 0.99% for CHPY.

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

METW has the higher dividend yield at 66.02%, compared with 29.64% for CHPY.

What is the main difference between METW and CHPY?

METW is categorized as Technology Equities, while CHPY is Derivative Income. They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.59% for METW and 0.99% for CHPY.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (4.16 vs -0.61), 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.