SMCC vs. CHPY
SMCC (Defiance Leveraged Long + Income SMCI ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.34 correlation, their price movements are largely independent. SMCC charges 1.51%/yr vs 0.99%/yr for CHPY.
Performance
SMCC vs. CHPY - Performance Comparison
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Returns By Period
In the year-to-date period, SMCC achieves a 5.60% return, which is significantly lower than CHPY's 65.44% return.
SMCC
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 5.60%
- 6M
- -21.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CHPY
- 1D
- -9.58%
- 1M
- 7.19%
- YTD
- 65.44%
- 6M
- 64.28%
- 1Y
- 121.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMCC vs. CHPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMCC Defiance Leveraged Long + Income SMCI ETF | 5.60% | -57.43% |
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 65.44% | 22.73% |
Correlation
The correlation between SMCC and CHPY is 0.34, 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 Aug 21, 2025 | 0.34 |
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Return for Risk
SMCC vs. CHPY — Risk / Return Rank
SMCC
CHPY
SMCC vs. CHPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long + Income SMCI ETF (SMCC) 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.
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Sharpe Ratios by Period
| SMCC | CHPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.87 | 3.90 | -4.77 |
Drawdowns
SMCC vs. CHPY - Drawdown Comparison
The maximum SMCC drawdown since its inception was -75.87%, which is greater than CHPY's maximum drawdown of -12.17%. Use the drawdown chart below to compare losses from any high point for SMCC and CHPY.
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Drawdown Indicators
| SMCC | CHPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.87% | -12.17% | -63.70% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.17% | — |
Current DrawdownCurrent decline from peak | -72.90% | -10.94% | -61.96% |
Average DrawdownAverage peak-to-trough decline | -53.60% | -2.01% | -51.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.25% | — |
Volatility
SMCC vs. CHPY - Volatility Comparison
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Volatility by Period
| SMCC | CHPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.41% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 24.75% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 75.90% | 29.34% | +46.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.90% | 34.37% | +41.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.90% | 34.37% | +41.53% |
SMCC vs. CHPY - Expense Ratio Comparison
SMCC has a 1.51% expense ratio, which is higher than CHPY's 0.99% expense ratio.
Dividends
SMCC vs. CHPY - Dividend Comparison
SMCC's dividend yield for the trailing twelve months is around 83.22%, more than CHPY's 31.44% yield.
| Position | TTM | 2025 |
|---|---|---|
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 31.44% | 28.19% |
SMCC Defiance Leveraged Long + Income SMCI ETF | 83.22% | 79.22% |
Frequently Asked Questions
SMCC and CHPY have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CHPY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CHPY is cheaper with a 0.99% expense ratio, compared with 1.51% for SMCC.
SMCC has the higher dividend yield at 83.22%, compared with 31.44% for CHPY.
They also come from different issuers: Defiance and YieldMax. Their fees differ too: 1.51% for SMCC and 0.99% for CHPY.
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