SOXY vs. CHPY

Last updated Apr 1, 2026

Compare and contrast key facts about YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) and YieldMax Semiconductor Portfolio Option Income ETF (CHPY).

SOXY and CHPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOXY is an actively managed fund by YieldMax. It was launched on Dec 2, 2024. CHPY is an actively managed fund by YieldMax. It was launched on Apr 2, 2025.

Performance

SOXY vs. CHPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) and YieldMax Semiconductor Portfolio Option Income ETF (CHPY). The values are adjusted to include any dividend payments, if applicable.

SOXY vs. CHPY - Yearly Performance Comparison

	2026 (YTD)	2025
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	8.53%	65.17%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	10.53%	62.91%

Returns By Period

In the year-to-date period, SOXY achieves a 8.53% return, which is significantly lower than CHPY's 10.53% return.

SOXY

• 1D: 5.03%
• 1M: -5.37%
• YTD: 8.53%
• 6M: 19.07%
• 1Y: 67.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CHPY

• 1D: 6.28%
• 1M: -3.46%
• YTD: 10.53%
• 6M: 22.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOXY vs. CHPY - Expense Ratio Comparison

Both SOXY and CHPY have an expense ratio of 0.99%.

SOXY

YieldMax Target 12™ Semiconductor Option Income ETF

CHPY

YieldMax Semiconductor Portfolio Option Income ETF

Return for Risk

SOXY vs. CHPY — Risk / Return Rank

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

SOXY

SOXY Risk / Return Rank: 93
SOXY Sharpe Ratio Rank: 91
SOXY Sortino Ratio Rank: 92
SOXY Omega Ratio Rank: 91
SOXY Calmar Ratio Rank: 96
SOXY 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.

SOXY vs. CHPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) 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.

	SOXY	CHPY	Difference
Sharpe ratio Return per unit of total volatility	2.01	—	—
Sortino ratio Return per unit of downside risk	2.67	—	—
Omega ratio Gain probability vs. loss probability	1.38	—	—
Calmar ratio Return relative to maximum drawdown	4.36	—	—
Martin ratio Return relative to average drawdown	16.31	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SOXY	CHPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	2.50	-1.49

Correlation

The correlation between SOXY and CHPY is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SOXY vs. CHPY - Dividend Comparison

SOXY's dividend yield for the trailing twelve months is around 10.54%, less than CHPY's 38.69% yield.

	TTM	2025
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	10.54%	11.47%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	38.69%	28.19%

Drawdowns

SOXY vs. CHPY - Drawdown Comparison

The maximum SOXY drawdown since its inception was -30.22%, which is greater than CHPY's maximum drawdown of -12.17%. Use the drawdown chart below to compare losses from any high point for SOXY and CHPY.

Drawdown Indicators

	SOXY	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-30.22%	-12.17%	-18.05%
Max Drawdown (1Y) Largest decline over 1 year	-15.22%	—	—
Current Drawdown Current decline from peak	-9.34%	-6.65%	-2.69%
Average Drawdown Average peak-to-trough decline	-5.42%	-2.15%	-3.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	—	—

Volatility

Volatility by Period

	SOXY	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	33.56%	32.75%	+0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.68%	32.75%	+0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.68%	32.75%	+0.93%