SHOC vs. CHPY
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 - Benchmark TR Gross, 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 141.70% vs 143.61% for CHPY. Their correlation of 0.94 suggests significant overlap in exposure. SHOC charges 0.40%/yr vs 0.99%/yr for CHPY.
Performance
SHOC vs. CHPY - Performance Comparison
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Returns By Period
In the year-to-date period, SHOC achieves a 69.49% return, which is significantly lower than CHPY's 82.97% return.
SHOC
- 1D
- -2.24%
- 1M
- 18.27%
- YTD
- 69.49%
- 6M
- 67.38%
- 1Y
- 141.70%
- 3Y*
- 53.23%
- 5Y*
- —
- 10Y*
- —
CHPY
- 1D
- -1.51%
- 1M
- 23.37%
- YTD
- 82.97%
- 6M
- 82.98%
- 1Y
- 143.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHOC vs. CHPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SHOC Strive U.S. Semiconductor ETF | 69.49% | 87.57% |
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 82.97% | 62.91% |
Correlation
The correlation between SHOC and CHPY is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025 | 0.94 |
The correlation between SHOC and CHPY has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
SHOC vs. CHPY — Risk / Return Rank
SHOC
CHPY
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.
| SHOC | CHPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.78 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 9.77 | 11.88 | -2.11 |
| Martin ratioReturn relative to average drawdown | 36.29 | 45.33 | -9.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHOC | CHPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.52 | 5.23 | -0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.52 | 4.71 | -3.19 |
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 -12.17%. Use the drawdown chart below to compare losses from any high point for SHOC and CHPY.
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Drawdown Indicators
| SHOC | CHPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.54% | -12.17% | -25.37% |
Max Drawdown (1Y)Largest decline over 1 year | -14.59% | -12.17% | -2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -37.54% | — | — |
Current DrawdownCurrent decline from peak | -2.24% | -1.51% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -1.98% | -5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 3.18% | +0.74% |
Volatility
SHOC vs. CHPY - Volatility Comparison
Strive U.S. Semiconductor ETF (SHOC) and YieldMax Semiconductor Portfolio Option Income ETF (CHPY) have volatilities of 11.67% and 11.32%, 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.
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Volatility by Period
| SHOC | CHPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.67% | 11.32% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 24.73% | 22.41% | +2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.56% | 27.61% | +3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.17% | 33.16% | +2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.17% | 33.16% | +2.01% |
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 0.14%, less than CHPY's 28.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 28.83% | 28.19% | 0.00% | 0.00% | 0.00% |
SHOC Strive U.S. Semiconductor ETF | 0.14% | 0.23% | 0.35% | 0.65% | 0.24% |
Frequently Asked Questions
With a correlation of 0.94, 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.
SHOC has higher volatility (11.67%) compared to CHPY (11.32%). In terms of maximum drawdown, SHOC dropped -37.54% vs CHPY's -12.17%.
On 1-year performance, CHPY leads with 143.61% vs 141.70% for SHOC. On fees, SHOC is cheaper at 0.40% per year. On volatility, CHPY has been the lower-risk option at 11.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CHPY has performed better with a 143.61% return vs 141.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHOC is cheaper with a 0.40% expense ratio, compared with 0.99% for CHPY.
CHPY has the higher dividend yield at 28.83%, compared with 0.14% for SHOC.
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.
CHPY currently has the higher Sharpe Ratio (5.23 vs 4.52), 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.
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