TLA vs. CHPY
TLA (GraniteShares Autocallable TSLA ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both Derivative Income funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. TLA charges 1.07%/yr vs 0.99%/yr for CHPY.
Performance
TLA vs. CHPY - Performance Comparison
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Returns By Period
TLA
- 1D
- -1.25%
- 1M
- 0.17%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CHPY
- 1D
- -9.58%
- 1M
- 7.19%
- YTD
- 65.44%
- 6M
- 64.28%
- 1Y
- 121.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLA vs. CHPY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TLA GraniteShares Autocallable TSLA ETF | 3.78% |
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 49.56% |
Correlation
The correlation between TLA and CHPY is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 4, 2026 | 0.52 |
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Return for Risk
TLA vs. CHPY — Risk / Return Rank
TLA
CHPY
TLA vs. CHPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable TSLA ETF (TLA) 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
| TLA | 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 | 0.81 | 3.90 | -3.09 |
Drawdowns
TLA vs. CHPY - Drawdown Comparison
The maximum TLA drawdown since its inception was -5.44%, smaller than the maximum CHPY drawdown of -12.17%. Use the drawdown chart below to compare losses from any high point for TLA and CHPY.
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Drawdown Indicators
| TLA | CHPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.44% | -12.17% | +6.73% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.17% | — |
Current DrawdownCurrent decline from peak | -1.79% | -10.94% | +9.15% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -2.01% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.25% | — |
Volatility
TLA vs. CHPY - Volatility Comparison
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Volatility by Period
| TLA | 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 | 14.42% | 29.34% | -14.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 34.37% | -19.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.42% | 34.37% | -19.95% |
TLA vs. CHPY - Expense Ratio Comparison
TLA has a 1.07% expense ratio, which is higher than CHPY's 0.99% expense ratio.
Dividends
TLA vs. CHPY - Dividend Comparison
TLA's dividend yield for the trailing twelve months is around 6.55%, less than CHPY's 31.44% yield.
| Position | TTM | 2025 |
|---|---|---|
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 31.44% | 28.19% |
TLA GraniteShares Autocallable TSLA ETF | 6.55% | 0.00% |
Frequently Asked Questions
TLA and CHPY have a correlation of 0.52, 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 1.07% for TLA.
CHPY has the higher dividend yield at 31.44%, compared with 6.55% for TLA.
They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.07% for TLA and 0.99% for CHPY.
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