SOXQ vs. CHPY

Last updated Jun 4, 2026

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 181.76% vs 149.72% for CHPY. With a 0.97 correlation, they move nearly in lockstep. SOXQ charges 0.19%/yr vs 0.99%/yr for CHPY.

Performance

SOXQ vs. CHPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco PHLX Semiconductor ETF (SOXQ) 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, SOXQ achieves a 96.72% return, which is significantly higher than CHPY's 85.77% return.

SOXQ

• 1D: 1.42%
• 1M: 32.12%
• YTD: 96.72%
• 6M: 91.61%
• 1Y: 181.76%
• 3Y*: 59.40%
• 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)

SOXQ vs. CHPY - Yearly Performance Comparison

	2026 (YTD)	2025
SOXQ Invesco PHLX Semiconductor ETF	96.72%	82.77%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	85.77%	62.91%

Correlation

The correlation between SOXQ and CHPY is 0.97 - 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	0.97
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	0.97

The correlation between SOXQ and CHPY has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

Return for Risk

SOXQ vs. CHPY — Risk / Return Rank

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

SOXQ

SOXQ Risk / Return Rank: 96
SOXQ Sharpe Ratio Rank: 98
SOXQ Sortino Ratio Rank: 95
SOXQ Omega Ratio Rank: 95
SOXQ Calmar Ratio Rank: 97
SOXQ Martin Ratio Rank: 97

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.

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.

	SOXQ	CHPY	Difference
Sharpe ratio Return per unit of total volatility	5.43	5.47	-0.04
Sortino ratio Return per unit of downside risk	5.22	5.76	-0.54
Omega ratio Gain probability vs. loss probability	1.72	1.81	-0.08
Calmar ratio Return relative to maximum drawdown	11.73	12.38	-0.65
Martin ratio Return relative to average drawdown	45.01	47.28	-2.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOXQ vs. CHPY - Sharpe Ratio Comparison

The current SOXQ Sharpe Ratio is 5.43, which is comparable to the CHPY Sharpe Ratio of 5.47. The chart below compares the historical Sharpe Ratios of SOXQ 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.

Sharpe Ratios by Period

	SOXQ	CHPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.43	5.47	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	4.83	-3.85

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 -12.17%. Use the drawdown chart below to compare losses from any high point for SOXQ and CHPY.

Drawdown Indicators

	SOXQ	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-46.01%	-12.17%	-33.84%
Max Drawdown (1Y) Largest decline over 1 year	-15.59%	-12.17%	-3.42%
Max Drawdown (3Y) Largest decline over 3 years	-39.36%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-12.96%	-1.98%	-10.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	3.18%	+0.88%

Volatility

SOXQ vs. CHPY - Volatility Comparison

Invesco PHLX Semiconductor ETF (SOXQ) has a higher volatility of 13.44% compared to YieldMax Semiconductor Portfolio Option Income ETF (CHPY) at 11.23%. This indicates that SOXQ's price experiences larger fluctuations and is considered to be riskier than CHPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXQ	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.44%	11.23%	+2.21%
Volatility (6M) Calculated over the trailing 6-month period	26.70%	22.33%	+4.37%
Volatility (1Y) Calculated over the trailing 1-year period	33.78%	27.59%	+6.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.38%	33.17%	+3.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.38%	33.17%	+3.21%

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 0.26%, less than CHPY's 28.40% yield.

Position	TTM	2025	2024	2023	2022	2021
CHPY YieldMax Semiconductor Portfolio Option Income ETF	28.40%	28.19%	0.00%	0.00%	0.00%	0.00%
SOXQ Invesco PHLX Semiconductor ETF	0.26%	0.50%	0.68%	0.87%	1.36%	0.72%

Frequently Asked Questions

Can I hold both SOXQ and CHPY in my portfolio?

With a correlation of 0.97, 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.

Which is riskier, SOXQ or CHPY?

SOXQ has higher volatility (13.44%) compared to CHPY (11.23%). In terms of maximum drawdown, SOXQ dropped -46.01% vs CHPY's -12.17%.

Which ETF is better, SOXQ or CHPY?

On 1-year performance, SOXQ leads with 181.76% vs 149.72% for CHPY. On fees, SOXQ is cheaper at 0.19% per year. On volatility, CHPY has been the lower-risk option at 11.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOXQ or CHPY?

Over the 1-year period, SOXQ has performed better with a 181.76% return vs 149.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOXQ or CHPY?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.99% for CHPY.

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

CHPY has the higher dividend yield at 28.40%, compared with 0.26% for SOXQ.

What is the main difference between SOXQ and CHPY?

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.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (5.47 vs 5.43), 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.