SPGI vs. CHPY

Last updated Aug 1, 2026

SPGI (S&P Global Inc.) is a stock, while CHPY (YieldMax Semiconductor Portfolio Option Income ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, SPGI returned -23.87% vs 93.51% for CHPY. Their -0.05 correlation means they have often moved in opposite directions in the past.

Performance

SPGI vs. CHPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P Global Inc. (SPGI) 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, SPGI achieves a -20.81% return, which is significantly lower than CHPY's 55.50% return.

SPGI

• 1D: -0.74%
• 1M: -6.36%
• 6M: -21.59%
• YTD: -20.81%
• 1Y: -23.87%
• 3Y*: 1.95%
• 5Y*: 0.04%
• 10Y*: 14.16%
• ALL TIME*: 12.79%

CHPY

• 1D: 0.27%
• 1M: -11.10%
• 6M: 39.35%
• YTD: 55.50%
• 1Y: 93.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 95.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CHPY YieldMax Semiconductor Portfolio Option Income ETF	$53.10M	$56.24M	$62.00M
SPGI S&P Global Inc.	$969.59M	$925.31M	$956.08M

SPGI vs. CHPY - Yearly Performance Comparison

	2026 (YTD)	2025
SPGI S&P Global Inc.	-20.81%	2.24%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	55.50%	56.76%

Correlation

The correlation between SPGI and CHPY is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.16
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025	-0.05

The correlation between SPGI and CHPY shifts across timeframes, from -0.16 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SPGI vs. CHPY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPGI

SPGI Risk / Return Rank: 11
SPGI Sharpe Ratio Rank: 8
SPGI Sortino Ratio Rank: 12
SPGI Omega Ratio Rank: 11
SPGI Calmar Ratio Rank: 12
SPGI Martin Ratio Rank: 10

CHPY

CHPY Risk / Return Rank: 89
CHPY Sharpe Ratio Rank: 92
CHPY Sortino Ratio Rank: 85
CHPY Omega Ratio Rank: 88
CHPY Calmar Ratio Rank: 86
CHPY Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPGI vs. CHPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P Global Inc. (SPGI) 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.

	SPGI	CHPY	Difference
Sharpe ratio: Return per unit of total volatility	-0.84	2.41	-3.25
Sortino ratio: Return per unit of downside risk	-1.00	2.82	-3.82
Omega ratio: Gain probability vs. loss probability	0.86	1.39	-0.53
Calmar ratio: Return relative to maximum drawdown	-0.81	3.33	-4.14
Martin ratio: Return relative to average drawdown	-1.35	15.63	-16.98

SPGI vs. CHPY - Sharpe Ratio Comparison

The current SPGI Sharpe Ratio is -0.84, which is lower than the CHPY Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of SPGI 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.

Drawdowns

SPGI vs. CHPY - Drawdown Comparison

The maximum SPGI drawdown since its inception was -74.67%, which is greater than CHPY's maximum drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for SPGI and CHPY.

Drawdown Indicators

	SPGI	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-74.67%	-27.64%	-47.03%
Max Drawdown (1Y) Largest decline over 1 year	-30.48%	-27.64%	-2.84%
Max Drawdown (3Y) Largest decline over 3 years	-30.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.76%	—	—
Current Drawdown Current decline from peak	-26.37%	-20.81%	-5.56%
Average Drawdown Average peak-to-trough decline	-15.27%	-3.03%	-12.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.28%	5.88%	+12.40%

Volatility

SPGI vs. CHPY - Volatility Comparison

The current volatility for S&P Global Inc. (SPGI) is 10.71%, while YieldMax Semiconductor Portfolio Option Income ETF (CHPY) has a volatility of 17.69%. This indicates that SPGI experiences smaller price fluctuations and is considered to be less risky than CHPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPGI	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.71%	17.69%	-6.98%
Volatility (6M) Calculated over the trailing 6-month period	25.67%	34.00%	-8.33%
Volatility (1Y) Calculated over the trailing 1-year period	29.83%	38.28%	-8.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.97%	39.15%	-14.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.10%	39.15%	-13.05%

Dividends

SPGI vs. CHPY - Dividend Comparison

SPGI's dividend yield for the trailing twelve months is around 0.94%, less than CHPY's 38.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHPY YieldMax Semiconductor Portfolio Option Income ETF	38.69%	28.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPGI S&P Global Inc.	0.94%	0.73%	0.73%	0.82%	0.99%	0.65%	0.82%	0.84%	1.18%	0.97%	1.34%	1.34%

Frequently Asked Questions

Can I hold both SPGI and CHPY in my portfolio?

SPGI and CHPY have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPGI or CHPY?

CHPY has higher volatility (17.69%) compared to SPGI (10.71%). In terms of maximum drawdown, SPGI dropped -74.67% vs CHPY's -27.64%.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (2.41 vs -0.84), 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.