XEY vs. CHPY

Last updated Jun 30, 2026

XEY (GraniteShares YieldBOOST Ether ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. XEY charges 1.07%/yr vs 0.99%/yr for CHPY.

Performance

XEY vs. CHPY - Performance Comparison

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

Returns By Period

XEY

• 1D: -0.22%
• 1M: -10.64%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CHPY

• 1D: 4.58%
• 1M: 8.84%
• YTD: 88.37%
• 6M: 86.89%
• 1Y: 135.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XEY vs. CHPY - Yearly Performance Comparison

	2026 (YTD)
XEY GraniteShares YieldBOOST Ether ETF	-11.75%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	33.10%

Correlation

The correlation between XEY and CHPY is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 28, 2026	0.27

Return for Risk

XEY vs. CHPY — Risk / Return Rank

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

XEY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CHPY

CHPY Risk / Return Rank: 96
CHPY Sharpe Ratio Rank: 97
CHPY Sortino Ratio Rank: 94
CHPY Omega Ratio Rank: 95
CHPY Calmar Ratio Rank: 98
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.

XEY vs. CHPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST Ether ETF (XEY) 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.

	XEY	CHPY	Difference
Sharpe ratio: Return per unit of total volatility	—	4.09	—
Sortino ratio: Return per unit of downside risk	—	4.23	—
Omega ratio: Gain probability vs. loss probability	—	1.62	—
Calmar ratio: Return relative to maximum drawdown	—	11.19	—
Martin ratio: Return relative to average drawdown	—	38.46	—

Drawdowns

XEY vs. CHPY - Drawdown Comparison

The maximum XEY drawdown since its inception was -14.58%, which is greater than CHPY's maximum drawdown of -12.19%. Use the drawdown chart below to compare losses from any high point for XEY and CHPY.

Drawdown Indicators

	XEY	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-14.58%	-12.19%	-2.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.17%	—
Current Drawdown Current decline from peak	-14.58%	-4.07%	-10.51%
Average Drawdown Average peak-to-trough decline	-5.55%	-2.18%	-3.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.53%	—

Volatility

Volatility by Period

	XEY	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.12%	33.34%	-16.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.12%	36.69%	-19.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.12%	36.69%	-19.57%

XEY vs. CHPY - Expense Ratio Comparison

XEY has a 1.07% expense ratio, which is higher than CHPY's 0.99% expense ratio.

Dividends

XEY vs. CHPY - Dividend Comparison

XEY's dividend yield for the trailing twelve months is around 11.42%, less than CHPY's 29.48% yield.

Position	TTM	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	29.48%	28.19%
XEY GraniteShares YieldBOOST Ether ETF	11.42%	0.00%

Frequently Asked Questions

Can I hold both XEY and CHPY in my portfolio?

XEY and CHPY have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XEY or CHPY?

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.

Which ETF is cheaper, XEY or CHPY?

CHPY is cheaper with a 0.99% expense ratio, compared with 1.07% for XEY.

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

CHPY has the higher dividend yield at 29.48%, compared with 11.42% for XEY.

What is the main difference between XEY and CHPY?

They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.07% for XEY and 0.99% for CHPY.