XSD vs. CHPY

Last updated Jun 4, 2026

XSD (SPDR S&P Semiconductor ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both exchange-traded funds - XSD is a Semiconductors fund tracking the S&P Semiconductor Select Industry, while CHPY is a Derivative Income fund actively managed by YieldMax. XSD is passively managed, while CHPY is actively managed. Over the past year, XSD returned 180.25% vs 149.72% for CHPY. Their correlation of 0.90 suggests significant overlap in exposure. XSD charges 0.35%/yr vs 0.99%/yr for CHPY.

Performance

XSD vs. CHPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Semiconductor ETF (XSD) 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, XSD achieves a 102.14% return, which is significantly higher than CHPY's 85.77% return.

XSD

• 1D: 1.51%
• 1M: 30.91%
• YTD: 102.14%
• 6M: 92.84%
• 1Y: 180.25%
• 3Y*: 46.41%
• 5Y*: 29.69%
• 10Y*: 31.10%

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)

XSD vs. CHPY - Yearly Performance Comparison

	2026 (YTD)	2025
XSD SPDR S&P Semiconductor ETF	102.14%	79.12%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	85.77%	62.91%

Correlation

The correlation between XSD and CHPY is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	0.90

The correlation between XSD and CHPY has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.

Return for Risk

XSD vs. CHPY — Risk / Return Rank

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

XSD

XSD Risk / Return Rank: 95
XSD Sharpe Ratio Rank: 97
XSD Sortino Ratio Rank: 94
XSD Omega Ratio Rank: 93
XSD Calmar Ratio Rank: 96
XSD Martin Ratio Rank: 96

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.

XSD vs. CHPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Semiconductor ETF (XSD) 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.

	XSD	CHPY	Difference
Sharpe ratio: Return per unit of total volatility	5.00	5.47	-0.46
Sortino ratio: Return per unit of downside risk	5.03	5.76	-0.73
Omega ratio: Gain probability vs. loss probability	1.65	1.81	-0.16
Calmar ratio: Return relative to maximum drawdown	9.75	12.38	-2.63
Martin ratio: Return relative to average drawdown	33.91	47.28	-13.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XSD vs. CHPY - Sharpe Ratio Comparison

The current XSD Sharpe Ratio is 5.00, which is comparable to the CHPY Sharpe Ratio of 5.47. The chart below compares the historical Sharpe Ratios of XSD 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

	XSD	CHPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.00	5.47	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	4.83	-4.40

Drawdowns

XSD vs. CHPY - Drawdown Comparison

The maximum XSD drawdown since its inception was -64.56%, which is greater than CHPY's maximum drawdown of -12.17%. Use the drawdown chart below to compare losses from any high point for XSD and CHPY.

Drawdown Indicators

	XSD	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-64.56%	-12.17%	-52.39%
Max Drawdown (1Y) Largest decline over 1 year	-18.61%	-12.17%	-6.44%
Max Drawdown (3Y) Largest decline over 3 years	-41.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.27%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.27%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-13.74%	-1.98%	-11.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.34%	3.18%	+2.16%

Volatility

XSD vs. CHPY - Volatility Comparison

SPDR S&P Semiconductor ETF (XSD) has a higher volatility of 14.94% compared to YieldMax Semiconductor Portfolio Option Income ETF (CHPY) at 11.23%. This indicates that XSD'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

	XSD	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.94%	11.23%	+3.71%
Volatility (6M) Calculated over the trailing 6-month period	27.89%	22.33%	+5.56%
Volatility (1Y) Calculated over the trailing 1-year period	36.39%	27.59%	+8.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.25%	33.17%	+5.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.96%	33.17%	+1.79%

XSD vs. CHPY - Expense Ratio Comparison

XSD has a 0.35% expense ratio, which is lower than CHPY's 0.99% expense ratio.

Dividends

XSD vs. CHPY - Dividend Comparison

XSD's dividend yield for the trailing twelve months is around 0.12%, less than CHPY's 28.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHPY YieldMax Semiconductor Portfolio Option Income ETF	28.40%	28.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XSD SPDR S&P Semiconductor ETF	0.12%	0.26%	0.20%	0.31%	0.44%	0.10%	0.26%	0.51%	1.16%	0.59%	0.64%	0.58%

Frequently Asked Questions

Can I hold both XSD and CHPY in my portfolio?

XSD and CHPY have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XSD or CHPY?

XSD has higher volatility (14.94%) compared to CHPY (11.23%). In terms of maximum drawdown, XSD dropped -64.56% vs CHPY's -12.17%.

Which ETF is better, XSD or CHPY?

On 1-year performance, XSD leads with 180.25% vs 149.72% for CHPY. On fees, XSD is cheaper at 0.35% 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, XSD or CHPY?

Over the 1-year period, XSD has performed better with a 180.25% return vs 149.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XSD or CHPY?

XSD is cheaper with a 0.35% expense ratio, compared with 0.99% for CHPY.

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

CHPY has the higher dividend yield at 28.40%, compared with 0.12% for XSD.

What is the main difference between XSD and CHPY?

XSD is categorized as Semiconductors, while CHPY is Derivative Income. They also come from different issuers: State Street and YieldMax. Their fees differ too: 0.35% for XSD and 0.99% for CHPY.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (5.47 vs 5.00), 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.