SHOC vs. CHPY

Last updated Jul 14, 2026

SHOC (Strive U.S. Semiconductor ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both exchange-traded funds - SHOC is a Semiconductors fund tracking the Bloomberg US Listed Semiconductors Select Index, while CHPY is a Derivative Income fund actively managed by YieldMax. SHOC is passively managed, while CHPY is actively managed. Over the past year, SHOC returned 98.76% vs 108.16% for CHPY. With a 0.95 correlation, they move nearly in lockstep. SHOC charges 0.40%/yr vs 0.99%/yr for CHPY.

Performance

SHOC vs. CHPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive U.S. Semiconductor ETF (SHOC) 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, SHOC achieves a 58.16% return, which is significantly lower than CHPY's 70.96% return.

SHOC

• 1D: -4.19%
• 1M: -5.59%
• 6M: 46.76%
• YTD: 58.16%
• 1Y: 98.76%
• 3Y*: 45.84%
• 5Y*: —
• 10Y*: —

CHPY

• 1D: -4.62%
• 1M: -4.92%
• 6M: 57.62%
• YTD: 70.96%
• 1Y: 108.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SHOC vs. CHPY - Yearly Performance Comparison

	2026 (YTD)	2025
SHOC Strive U.S. Semiconductor ETF	58.16%	71.21%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	70.96%	56.76%

Correlation

The correlation between SHOC and CHPY is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025	0.95

The correlation between SHOC and CHPY has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

SHOC vs. CHPY — Risk / Return Rank

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

SHOC

SHOC Risk / Return Rank: 90
SHOC Sharpe Ratio Rank: 93
SHOC Sortino Ratio Rank: 83
SHOC Omega Ratio Rank: 84
SHOC Calmar Ratio Rank: 96
SHOC Martin Ratio Rank: 94

CHPY

CHPY Risk / Return Rank: 94
CHPY Sharpe Ratio Rank: 95
CHPY Sortino Ratio Rank: 90
CHPY Omega Ratio Rank: 91
CHPY Calmar Ratio Rank: 97
CHPY Martin Ratio Rank: 96

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.

SHOC vs. CHPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Semiconductor ETF (SHOC) 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.

	SHOC	CHPY	Difference
Sharpe ratio: Return per unit of total volatility	2.62	3.08	-0.46
Sortino ratio: Return per unit of downside risk	2.92	3.34	-0.42
Omega ratio: Gain probability vs. loss probability	1.40	1.48	-0.09
Calmar ratio: Return relative to maximum drawdown	6.81	8.11	-1.30
Martin ratio: Return relative to average drawdown	21.14	27.19	-6.05

SHOC vs. CHPY - Sharpe Ratio Comparison

The current SHOC Sharpe Ratio is 2.62, which is comparable to the CHPY Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of SHOC 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.

Drawdowns

SHOC vs. CHPY - Drawdown Comparison

The maximum SHOC drawdown since its inception was -37.54%, which is greater than CHPY's maximum drawdown of -13.41%. Use the drawdown chart below to compare losses from any high point for SHOC and CHPY.

Drawdown Indicators

	SHOC	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-37.54%	-13.41%	-24.13%
Max Drawdown (1Y) Largest decline over 1 year	-14.59%	-13.41%	-1.18%
Max Drawdown (3Y) Largest decline over 3 years	-37.54%	—	—
Current Drawdown Current decline from peak	-12.95%	-12.94%	-0.01%
Average Drawdown Average peak-to-trough decline	-7.46%	-2.38%	-5.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.69%	3.99%	+0.70%

Volatility

SHOC vs. CHPY - Volatility Comparison

Strive U.S. Semiconductor ETF (SHOC) and YieldMax Semiconductor Portfolio Option Income ETF (CHPY) have volatilities of 19.43% and 19.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHOC	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.43%	19.81%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	31.80%	30.94%	+0.86%
Volatility (1Y) Calculated over the trailing 1-year period	37.94%	35.39%	+2.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.46%	37.72%	-1.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.46%	37.72%	-1.26%

SHOC vs. CHPY - Expense Ratio Comparison

SHOC has a 0.40% expense ratio, which is lower than CHPY's 0.99% expense ratio.

Dividends

SHOC vs. CHPY - Dividend Comparison

SHOC's dividend yield for the trailing twelve months is around 0.13%, less than CHPY's 33.70% yield.

Position	TTM	2025	2024	2023	2022
CHPY YieldMax Semiconductor Portfolio Option Income ETF	33.70%	28.19%	0.00%	0.00%	0.00%
SHOC Strive U.S. Semiconductor ETF	0.13%	0.23%	0.35%	0.65%	0.24%

Frequently Asked Questions

Can I hold both SHOC and CHPY in my portfolio?

With a correlation of 0.96, SHOC 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 is riskier, SHOC or CHPY?

CHPY has higher volatility (19.81%) compared to SHOC (19.43%). In terms of maximum drawdown, SHOC dropped -37.54% vs CHPY's -13.41%.

Which ETF is better, SHOC or CHPY?

On 1-year performance, CHPY leads with 108.16% vs 98.76% for SHOC. On fees, SHOC is cheaper at 0.40% per year. On volatility, SHOC has been the lower-risk option at 19.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHOC or CHPY?

Over the 1-year period, CHPY has performed better with a 108.16% return vs 98.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHOC or CHPY?

SHOC is cheaper with a 0.40% expense ratio, compared with 0.99% for CHPY.

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

CHPY has the higher dividend yield at 33.70%, compared with 0.13% for SHOC.

What is the main difference between SHOC and CHPY?

SHOC is categorized as Semiconductors, while CHPY is Derivative Income. They also come from different issuers: Strive and YieldMax. Their fees differ too: 0.40% for SHOC and 0.99% for CHPY.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (3.08 vs 2.62), 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.