ODTE vs. CHPY
ODTE (VegaShares SPX NDX RTY Premium Income ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both Derivative Income funds. Both are actively managed. A 0.74 correlation means they provide meaningful diversification when combined. ODTE charges 0.76%/yr vs 0.99%/yr for CHPY.
Performance
ODTE vs. CHPY - Performance Comparison
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Returns By Period
ODTE
- 1D
- -3.53%
- 1M
- -1.06%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CHPY
- 1D
- 4.74%
- 1M
- 10.94%
- YTD
- 73.28%
- 6M
- 71.52%
- 1Y
- 129.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ODTE vs. CHPY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ODTE VegaShares SPX NDX RTY Premium Income ETF | 9.10% |
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 54.87% |
Correlation
The correlation between ODTE and CHPY is 0.74, 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 Apr 6, 2026 | 0.74 |
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Return for Risk
ODTE vs. CHPY — Risk / Return Rank
ODTE
CHPY
ODTE vs. CHPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VegaShares SPX NDX RTY Premium Income ETF (ODTE) 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.
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Sharpe Ratios by Period
| ODTE | CHPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.46 | 4.14 | +0.33 |
Drawdowns
ODTE vs. CHPY - Drawdown Comparison
The maximum ODTE drawdown since its inception was -3.86%, smaller than the maximum CHPY drawdown of -12.17%. Use the drawdown chart below to compare losses from any high point for ODTE and CHPY.
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Drawdown Indicators
| ODTE | CHPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.86% | -12.17% | +8.31% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.17% | — |
Current DrawdownCurrent decline from peak | -3.86% | -6.73% | +2.87% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -2.03% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.28% | — |
Volatility
ODTE vs. CHPY - Volatility Comparison
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Volatility by Period
| ODTE | CHPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.72% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 25.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.67% | 29.71% | -15.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.67% | 34.55% | -19.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.67% | 34.55% | -19.88% |
ODTE vs. CHPY - Expense Ratio Comparison
ODTE has a 0.76% expense ratio, which is lower than CHPY's 0.99% expense ratio.
Dividends
ODTE vs. CHPY - Dividend Comparison
ODTE's dividend yield for the trailing twelve months is around 2.19%, less than CHPY's 30.01% yield.
| Position | TTM | 2025 |
|---|---|---|
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 30.01% | 28.19% |
ODTE VegaShares SPX NDX RTY Premium Income ETF | 2.19% | 0.00% |
Frequently Asked Questions
ODTE and CHPY have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ODTE is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ODTE is cheaper with a 0.76% expense ratio, compared with 0.99% for CHPY.
CHPY has the higher dividend yield at 30.01%, compared with 2.19% for ODTE.
They also come from different issuers: VegaShares and YieldMax. Their fees differ too: 0.76% for ODTE and 0.99% for CHPY.
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