RDYY vs. CHPY

Last updated Jun 4, 2026

RDYY (YieldMax RDDT Option Income Strategy ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both Derivative Income funds from YieldMax. Both are actively managed. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

RDYY vs. CHPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax RDDT Option Income Strategy ETF (RDYY) 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, RDYY achieves a -22.78% return, which is significantly lower than CHPY's 85.77% return.

RDYY

• 1D: 0.78%
• 1M: 2.65%
• YTD: -22.78%
• 6M: -20.14%
• 1Y: —
• 3Y*: —
• 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)

RDYY vs. CHPY - Yearly Performance Comparison

	2026 (YTD)	2025
RDYY YieldMax RDDT Option Income Strategy ETF	-22.78%	-6.52%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	85.77%	19.52%

Correlation

The correlation between RDYY and CHPY is 0.24, 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 Sep 10, 2025	0.24

Return for Risk

RDYY vs. CHPY — Risk / Return Rank

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

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.

RDYY vs. CHPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax RDDT Option Income Strategy ETF (RDYY) 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.

Sharpe Ratios by Period

	RDYY	CHPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.67	4.83	-5.50

Drawdowns

RDYY vs. CHPY - Drawdown Comparison

The maximum RDYY drawdown since its inception was -51.16%, which is greater than CHPY's maximum drawdown of -12.17%. Use the drawdown chart below to compare losses from any high point for RDYY and CHPY.

Drawdown Indicators

	RDYY	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-51.16%	-12.17%	-38.99%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.17%	—
Current Drawdown Current decline from peak	-34.14%	0.00%	-34.14%
Average Drawdown Average peak-to-trough decline	-28.62%	-1.98%	-26.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.18%	—

Volatility

Volatility by Period

	RDYY	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	54.12%	27.59%	+26.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.12%	33.17%	+20.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.12%	33.17%	+20.95%

RDYY vs. CHPY - Expense Ratio Comparison

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

Dividends

RDYY vs. CHPY - Dividend Comparison

RDYY's dividend yield for the trailing twelve months is around 83.18%, more than CHPY's 28.40% yield.

Position	TTM	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	28.40%	28.19%
RDYY YieldMax RDDT Option Income Strategy ETF	83.18%	25.20%

Frequently Asked Questions

Can I hold both RDYY and CHPY in my portfolio?

RDYY and CHPY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RDYY 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, RDYY or CHPY?

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

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

RDYY has the higher dividend yield at 83.18%, compared with 28.40% for CHPY.