QVOL vs. CHPY

Last updated Jun 15, 2026

QVOL (Infrastructure Capital Nasdaq Option Income ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. QVOL charges 0.82%/yr vs 0.99%/yr for CHPY.

Performance

QVOL vs. CHPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Infrastructure Capital Nasdaq Option Income ETF (QVOL) and YieldMax Semiconductor Portfolio Option Income ETF (CHPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QVOL

• 1D: 0.92%
• 1M: 3.56%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CHPY

• 1D: 1.06%
• 1M: 16.26%
• YTD: 79.80%
• 6M: 82.24%
• 1Y: 136.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QVOL vs. CHPY - Yearly Performance Comparison

	2026 (YTD)
QVOL Infrastructure Capital Nasdaq Option Income ETF	4.14%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	12.87%

Correlation

The correlation between QVOL and CHPY is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 12, 2026	0.90

Return for Risk

QVOL vs. CHPY — Risk / Return Rank

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

QVOL

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

CHPY

CHPY Risk / Return Rank: 96
CHPY Sharpe Ratio Rank: 97
CHPY Sortino Ratio Rank: 95
CHPY Omega Ratio Rank: 95
CHPY Calmar Ratio Rank: 98
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.

QVOL vs. CHPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Infrastructure Capital Nasdaq Option Income ETF (QVOL) 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.

	QVOL	CHPY	Difference
Sharpe ratio: Return per unit of total volatility	—	4.36	—
Sortino ratio: Return per unit of downside risk	—	4.59	—
Omega ratio: Gain probability vs. loss probability	—	1.67	—
Calmar ratio: Return relative to maximum drawdown	—	11.01	—
Martin ratio: Return relative to average drawdown	—	39.28	—

Drawdowns

QVOL vs. CHPY - Drawdown Comparison

The maximum QVOL drawdown since its inception was -8.29%, smaller than the maximum CHPY drawdown of -12.19%. Use the drawdown chart below to compare losses from any high point for QVOL and CHPY.

Drawdown Indicators

	QVOL	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-8.29%	-12.19%	+3.90%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.17%	—
Current Drawdown Current decline from peak	-4.56%	-3.22%	-1.34%
Average Drawdown Average peak-to-trough decline	-2.04%	-2.13%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.40%	—

Volatility

Volatility by Period

	QVOL	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	30.06%	30.72%	-0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.06%	35.25%	-5.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.06%	35.25%	-5.19%

QVOL vs. CHPY - Expense Ratio Comparison

QVOL has a 0.82% expense ratio, which is lower than CHPY's 0.99% expense ratio.

Dividends

QVOL vs. CHPY - Dividend Comparison

QVOL's dividend yield for the trailing twelve months is around 0.98%, less than CHPY's 29.42% yield.

Position	TTM	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	29.42%	28.19%
QVOL Infrastructure Capital Nasdaq Option Income ETF	0.98%	0.00%

Frequently Asked Questions

Can I hold both QVOL and CHPY in my portfolio?

With a correlation of 0.90, QVOL and CHPY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, QVOL or CHPY?

On fees, QVOL is cheaper at 0.82% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QVOL or CHPY?

QVOL is cheaper with a 0.82% expense ratio, compared with 0.99% for CHPY.

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

CHPY has the higher dividend yield at 29.42%, compared with 0.98% for QVOL.

What is the main difference between QVOL and CHPY?

They also come from different issuers: Infrastructure Capital Advisors and YieldMax. Their fees differ too: 0.82% for QVOL and 0.99% for CHPY.