MSTW vs. CHPY

Last updated Jun 24, 2026

MSTW (Roundhill MSTR WeeklyPay ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

MSTW vs. CHPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill MSTR WeeklyPay ETF (MSTW) 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, MSTW achieves a -40.29% return, which is significantly lower than CHPY's 82.68% return.

MSTW

• 1D: -5.77%
• 1M: -41.43%
• YTD: -40.29%
• 6M: -43.01%
• 1Y: —
• 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)

MSTW vs. CHPY - Yearly Performance Comparison

	2026 (YTD)	2025
MSTW Roundhill MSTR WeeklyPay ETF	-40.29%	-71.40%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	82.68%	22.74%

Correlation

The correlation between MSTW and CHPY is 0.40, 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 Jul 24, 2025	0.40

Return for Risk

MSTW vs. CHPY — Risk / Return Rank

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

MSTW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

MSTW vs. CHPY - Risk-Adjusted Trends Comparison

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

	MSTW	CHPY	Difference
Sharpe ratio: Return per unit of total volatility	—	4.16	—
Sortino ratio: Return per unit of downside risk	—	4.30	—
Omega ratio: Gain probability vs. loss probability	—	1.64	—
Calmar ratio: Return relative to maximum drawdown	—	11.13	—
Martin ratio: Return relative to average drawdown	—	39.19	—

Drawdowns

MSTW vs. CHPY - Drawdown Comparison

The maximum MSTW drawdown since its inception was -82.94%, which is greater than CHPY's maximum drawdown of -12.19%. Use the drawdown chart below to compare losses from any high point for MSTW and CHPY.

Drawdown Indicators

	MSTW	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-82.94%	-12.19%	-70.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.17%	—
Current Drawdown Current decline from peak	-82.94%	-6.97%	-75.97%
Average Drawdown Average peak-to-trough decline	-55.68%	-2.14%	-53.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.45%	—

Volatility

Volatility by Period

	MSTW	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	89.08%	32.57%	+56.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.08%	36.37%	+52.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.08%	36.37%	+52.71%

MSTW vs. CHPY - Expense Ratio Comparison

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

Dividends

MSTW vs. CHPY - Dividend Comparison

MSTW's dividend yield for the trailing twelve months is around 325.95%, more than CHPY's 29.64% yield.

Position	TTM	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	29.64%	28.19%
MSTW Roundhill MSTR WeeklyPay ETF	325.95%	106.94%

Frequently Asked Questions

Can I hold both MSTW and CHPY in my portfolio?

MSTW and CHPY have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSTW or CHPY?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSTW or CHPY?

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

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

MSTW has the higher dividend yield at 325.95%, compared with 29.64% for CHPY.

What is the main difference between MSTW and CHPY?

They also come from different issuers: Roundhill and YieldMax.