Category Review
Index option income was not one bet this year
YieldMax Semiconductor Portfolio Option Income ETF
$66.25−0.35 (−0.53%)
- 1.03%
- $1.4B
- +86.2%
- 41.53%
- 0.7M sh
- $67.98
- 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.F23 out of 100Rank 19 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.D35 out of 100Rank 19 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A75 out of 100Rank 3 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B68 out of 100Rank 8 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B64 out of 100Rank 9 of 25
Our read on CHPY
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.
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
- Owns the chips rather than a stand-in: a focused portfolio of US-listed semiconductor equities with options written against it, so income leans on a sector instead of one name.yieldmaxetfs.com
- Pays monthly, and the mandate names capital appreciation alongside income, so the stock leg stays in play rather than being fully traded away for premium.
- Actively managed, actively traded, and past the billion-dollar mark since its 2025 launch, so getting in and out is rarely the hard part.
Worth knowing
- At 1.03% a year, it runs above the 0.75% typical of option-income peers, and top-graded ones like LQDW (0.34%) and YLDE (0.47%) charge a fraction of that.
- Writing calls on semis swaps part of the sector's biggest up-moves for premium, and the size of each payout tracks what the options market is paying that month.
- Launched in 2025, so it has not yet traded through a full chip cycle. Semiconductor drawdowns run deep, and an options overlay only cushions so much.
CHPY Holdings
- Stocks
- 60
- 51%
- NVDA
Geography
- United States72.28%
- Taiwan (Province of China)12.49%
- Netherlands9.23%
- United Kingdom3.32%
- Korea (the Republic of)2.68%
Developed 45% · Emerging 55%
CHPY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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CHPY$18,624
Returns run to the Oct 12, 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 | +66.4% |
| 1 month | +2.7% |
| 3 months | −7.0% |
| 1 year | +86.2% |
| 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 | +66.4% | |
| 2025 | +62.7% |
CHPY in the news
CHPY Dividends
- 41.53%
- $27.66
- $0.58 per share
- Weekly
Distribution history
CHPY Risk
- 37.6%
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.
- 1.92
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.
- −27.6%
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.
CHPY Cost
1.03%
CHPY1.03%
- The middle half of Index Option Income funds
- Median 0.81%
18 of the 25 Index Option Income funds charge less.
Other funds in Index Option Income
- BOVMOverlay Shares Municipal Bond ETFExpense ratio 0.81%1 year return +1.3%
- COVFOverlay Shares Foreign Equity ETFExpense ratio 0.83%1 year return +21.4%
- COVSOverlay Shares Small Cap Equity ETFExpense ratio 0.83%1 year return +25.5%
- CTMGNETF Opportunities Trust - Tappalpha Cboe Magnificent 10 Growth & Daily Income ETFExpense ratio 0.88%1 year return —
- DSOXYYieldMax Target 12 Semiconductor Option Income ETFExpense ratio 1.06%1 year return +85.4%