Category Review
Index option income was not one bet this year
YieldMax Semiconductor Portfolio Option Income ETF
$54.68−2.03 (−3.58%)
- 1.03%
- $1.25B
- +40.4%
- 50.57%
- 697K sh
- low $50.85high $89.86
The ETF.net CHPY Grade
C
Score 44 out of 100
- 15 of 25
Score 44 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F19 out of 100Rank 20 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D32 out of 100Rank 18 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A80 out of 100Rank 2 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A72 out of 100Rank 7 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B65 out of 100Rank 9 of 25
Our read on CHPY
In short
CSemiconductors, run for cash flow. CHPY holds a focused basket of US-listed chip stocks and sells options against them, turning one of the market's twitchiest sectors into option premiums and a monthly distribution schedule.
Stated mandate
The Fund seeks current income, cash distributions, and capital appreciation. It uses a focused portfolio of U.S.-listed semiconductor equities together with options strategies intended to generate premiums.
Why people hold it
Worth knowing
CHPY Holdings
- Stocks
- 58
- 49%
- NVDA
Geography
- United States77.89%
- Taiwan12.05%
- Netherlands4.16%
- Singapore3.02%
- South Korea2.88%
Developed 32% · Emerging 68%
CHPY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
CHPY$14,038
Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CHPY |
|---|---|
| Year to date | +39.8% |
| 1 month | −21.1% |
| 3 months | −10.0% |
| 1 year | +40.4% |
| 3 years | |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CHPY |
|---|---|---|
| 2026 YTD | +39.8% | |
| 2025 | +62.7% |
CHPY in the news
CHPY Dividends
- 50.57%
- $27.65
- $0.46 per share
- Weekly
CHPY Risk
- 40.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.41
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −28.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.95
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
CHPY Cost
Overpaying vs LQDW, cheapest in Index Option Income
$12,241
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
CHPY 1.03%
$19,173
LQDW 0.34% Cheapest
$6,932
Cost over time
Year by year
| Year | CHPY | LQDW | Overpaying |
|---|---|---|---|
| 10 | $1,814 | $616 | $1,198 |
| 20 | $6,807 | $2,386 | $4,421 |
| 30 | $19,173 | $6,932 | $12,241 |
Other funds in Index Option Income
- BVAIEVegashares US Equity Autocallable Income ETFExpense ratio 0.74%1 year return
- COVFOverlay Shares Foreign Equity ETFExpense ratio 0.83%1 year return +14.0%
- COVSOverlay Shares Small Cap Equity ETFExpense ratio 0.83%1 year return +23.0%
- CTMGNTappalpha Cboe Magnificent 10 Growth & Daily Income ETFExpense ratio 0.88%1 year return
- DMAGYRoundhill Magnificent Seven Covered Call ETFExpense ratio 0.99%1 year return −4.9%
