SOXQ vs. CHPY
SOXQ (Invesco PHLX Semiconductor ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both exchange-traded funds - SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index, while CHPY is a Derivative Income fund actively managed by YieldMax. SOXQ is passively managed, while CHPY is actively managed. Over the past year, SOXQ returned 117.36% vs 105.03% for CHPY. Their 0.97 correlation means they have historically moved very closely together. SOXQ charges 0.19%/yr vs 0.99%/yr for CHPY.
Performance
SOXQ vs. CHPY - Performance Comparison
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Returns By Period
In the year-to-date period, SOXQ achieves a 72.20% return, which is significantly higher than CHPY's 66.63% return.
SOXQ
- 1D
- 6.53%
- 1M
- -3.45%
- 6M
- 53.12%
- YTD
- 72.20%
- 1Y
- 117.36%
- 3Y*
- 49.65%
- 5Y*
- 29.96%
- 10Y*
- —
- ALL TIME*
- 30.79%
CHPY
- 1D
- 6.34%
- 1M
- -4.73%
- 6M
- 50.63%
- YTD
- 66.63%
- 1Y
- 105.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 105.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $49.15M | $53.66M | $60.73M | |
| $214.44M | $218.73M | $282.51M |
SOXQ vs. CHPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOXQ Invesco PHLX Semiconductor ETF | 72.20% | 64.76% |
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 66.63% | 56.76% |
Correlation
The correlation between SOXQ and CHPY is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025 | 0.97 |
The correlation between SOXQ and CHPY has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
SOXQ vs. CHPY — Risk / Return Rank
SOXQ
CHPY
SOXQ vs. CHPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco PHLX Semiconductor ETF (SOXQ) 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.
| SOXQ | CHPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.43 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | 3.82 | +0.31 |
| Martin ratioReturn relative to average drawdown | 16.72 | 17.31 | -0.59 |
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Drawdowns
SOXQ vs. CHPY - Drawdown Comparison
The maximum SOXQ drawdown since its inception was -46.01%, which is greater than CHPY's maximum drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for SOXQ and CHPY.
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Drawdown Indicators
| SOXQ | CHPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.01% | -27.64% | -18.37% |
Max Drawdown (1Y)Largest decline over 1 year | -28.56% | -27.64% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -39.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -46.01% | — | — |
Current DrawdownCurrent decline from peak | -16.72% | -15.14% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -12.93% | -3.12% | -9.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.05% | 6.09% | +0.96% |
Volatility
SOXQ vs. CHPY - Volatility Comparison
Invesco PHLX Semiconductor ETF (SOXQ) and YieldMax Semiconductor Portfolio Option Income ETF (CHPY) have volatilities of 17.65% and 18.09%, 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
| SOXQ | CHPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.65% | 18.09% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 37.94% | 34.38% | +3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.80% | 38.64% | +5.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.40% | 39.38% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.01% | 39.38% | -1.37% |
SOXQ vs. CHPY - Expense Ratio Comparison
SOXQ has a 0.19% expense ratio, which is lower than CHPY's 0.99% expense ratio.
Dividends
SOXQ vs. CHPY - Dividend Comparison
SOXQ's dividend yield for the trailing twelve months is around 0.30%, less than CHPY's 36.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 36.11% | 28.19% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXQ Invesco PHLX Semiconductor ETF | 0.30% | 0.50% | 0.68% | 0.87% | 1.36% | 0.72% |
Frequently Asked Questions
With a correlation of 0.98, SOXQ 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.
CHPY has higher volatility (18.09%) compared to SOXQ (17.65%). In terms of maximum drawdown, SOXQ dropped -46.01% vs CHPY's -27.64%.
On 1-year performance, SOXQ leads with 117.36% vs 105.03% for CHPY. On fees, SOXQ is cheaper at 0.19% per year. On volatility, SOXQ has been the lower-risk option at 17.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SOXQ has performed better with a 117.36% return vs 105.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXQ is cheaper with a 0.19% expense ratio, compared with 0.99% for CHPY.
CHPY has the higher dividend yield at 36.11%, compared with 0.30% for SOXQ.
SOXQ is categorized as Semiconductors, while CHPY is Derivative Income. They also come from different issuers: Invesco and YieldMax. Their fees differ too: 0.19% for SOXQ and 0.99% for CHPY.
CHPY currently has the higher Sharpe Ratio (2.73 vs 2.70), 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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