QRMI vs. CHPY

Last updated Jun 4, 2026

QRMI (Global X NASDAQ 100 Risk Managed Income ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both exchange-traded funds - QRMI is a Nasdaq-100 fund actively managed by Global X, while CHPY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, QRMI returned 9.73% vs 149.72% for CHPY. A 0.65 correlation means they provide meaningful diversification when combined. QRMI charges 0.60%/yr vs 0.99%/yr for CHPY.

Performance

QRMI vs. CHPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NASDAQ 100 Risk Managed Income ETF (QRMI) 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, QRMI achieves a 2.60% return, which is significantly lower than CHPY's 85.77% return.

QRMI

• 1D: 0.20%
• 1M: 1.85%
• YTD: 2.60%
• 6M: 3.95%
• 1Y: 9.73%
• 3Y*: 7.02%
• 5Y*: —
• 10Y*: —

CHPY

• 1D: 1.14%
• 1M: 29.53%
• YTD: 85.77%
• 6M: 85.49%
• 1Y: 149.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QRMI vs. CHPY - Yearly Performance Comparison

	2026 (YTD)	2025
QRMI Global X NASDAQ 100 Risk Managed Income ETF	2.60%	6.74%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	85.77%	62.91%

Correlation

The correlation between QRMI and CHPY is 0.66, 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	0.66
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	0.65

The correlation between QRMI and CHPY has been stable across timeframes, ranging from 0.65 to 0.66 - a consistent structural relationship.

Return for Risk

QRMI vs. CHPY — Risk / Return Rank

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

QRMI

QRMI Risk / Return Rank: 48
QRMI Sharpe Ratio Rank: 49
QRMI Sortino Ratio Rank: 46
QRMI Omega Ratio Rank: 56
QRMI Calmar Ratio Rank: 39
QRMI Martin Ratio Rank: 50

CHPY

CHPY Risk / Return Rank: 97
CHPY Sharpe Ratio Rank: 98
CHPY Sortino Ratio Rank: 96
CHPY Omega Ratio Rank: 96
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.

QRMI vs. CHPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Risk Managed Income ETF (QRMI) 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.

	QRMI	CHPY	Difference
Sharpe ratio: Return per unit of total volatility	1.71	5.47	-3.76
Sortino ratio: Return per unit of downside risk	2.30	5.76	-3.46
Omega ratio: Gain probability vs. loss probability	1.35	1.81	-0.46
Calmar ratio: Return relative to maximum drawdown	1.94	12.38	-10.44
Martin ratio: Return relative to average drawdown	8.52	47.28	-38.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QRMI vs. CHPY - Sharpe Ratio Comparison

The current QRMI Sharpe Ratio is 1.71, which is lower than the CHPY Sharpe Ratio of 5.47. The chart below compares the historical Sharpe Ratios of QRMI 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.

Sharpe Ratios by Period

	QRMI	CHPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	5.47	-3.76
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	4.83	-4.61

Drawdowns

QRMI vs. CHPY - Drawdown Comparison

The maximum QRMI drawdown since its inception was -20.95%, which is greater than CHPY's maximum drawdown of -12.17%. Use the drawdown chart below to compare losses from any high point for QRMI and CHPY.

Drawdown Indicators

	QRMI	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-20.95%	-12.17%	-8.78%
Max Drawdown (1Y) Largest decline over 1 year	-5.04%	-12.17%	+7.13%
Max Drawdown (3Y) Largest decline over 3 years	-8.43%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.98%	-1.98%	-6.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	3.18%	-2.04%

Volatility

QRMI vs. CHPY - Volatility Comparison

The current volatility for Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is 0.66%, while YieldMax Semiconductor Portfolio Option Income ETF (CHPY) has a volatility of 11.23%. This indicates that QRMI 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

	QRMI	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.66%	11.23%	-10.57%
Volatility (6M) Calculated over the trailing 6-month period	4.43%	22.33%	-17.90%
Volatility (1Y) Calculated over the trailing 1-year period	5.76%	27.59%	-21.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.34%	33.17%	-24.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.34%	33.17%	-24.83%

QRMI vs. CHPY - Expense Ratio Comparison

QRMI has a 0.60% expense ratio, which is lower than CHPY's 0.99% expense ratio.

Dividends

QRMI vs. CHPY - Dividend Comparison

QRMI's dividend yield for the trailing twelve months is around 12.19%, less than CHPY's 28.40% yield.

Position	TTM	2025	2024	2023	2022	2021
CHPY YieldMax Semiconductor Portfolio Option Income ETF	28.40%	28.19%	0.00%	0.00%	0.00%	0.00%
QRMI Global X NASDAQ 100 Risk Managed Income ETF	12.19%	12.28%	11.80%	12.44%	10.65%	3.36%

Frequently Asked Questions

Can I hold both QRMI and CHPY in my portfolio?

QRMI and CHPY have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QRMI or CHPY?

CHPY has higher volatility (11.23%) compared to QRMI (0.66%). In terms of maximum drawdown, QRMI dropped -20.95% vs CHPY's -12.17%.

Which ETF is better, QRMI or CHPY?

On 1-year performance, CHPY leads with 149.72% vs 9.73% for QRMI. On fees, QRMI is cheaper at 0.60% per year. On volatility, QRMI has been the lower-risk option at 0.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QRMI or CHPY?

Over the 1-year period, CHPY has performed better with a 149.72% return vs 9.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QRMI or CHPY?

QRMI is cheaper with a 0.60% expense ratio, compared with 0.99% for CHPY.

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

CHPY has the higher dividend yield at 28.40%, compared with 12.19% for QRMI.

What is the main difference between QRMI and CHPY?

QRMI is categorized as Nasdaq-100, while CHPY is Derivative Income. They also come from different issuers: Global X and YieldMax. Their fees differ too: 0.60% for QRMI and 0.99% for CHPY.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (5.47 vs 1.71), 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.