CHPY vs QQQ
YieldMax Semiconductor Portfolio Option Income ETF vs Invesco QQQ Trust, Series 1
Which is better, CHPY or QQQ?
Multi Alternative against Large Cap Growth.
QQQ has a lower expense ratio. CHPY led over 1Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 49.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CHPY | QQQ |
|---|---|---|
| Expense Ratio | 1.03% | 0.18%Best |
| AUM | $1.1B | $486.1B |
| Dividend Yield | 39.65% | 0.44% |
| Holdings | 120 | 107 |
| YTD Return | +53.92%Best | +17.54% |
| 1Y Return | +95.08%Best | +25.59% |
| 3Y Return (annualized) | - | +24.63% |
| 5Y Return (annualized) | - | +14.18% |
| Volatility (annualized) | 37.8% | 19.7%Best |
| Max Drawdown | -27.6% | -12.0%Best |
| $10,000 over 1.4 years | $25,643Best | $15,937 |
| Top 10 Weight | 49.2% | 46.5%Best |
| Fund Family | YieldMax ETF | Invesco (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Growth |
| Inception | Apr 2, 2025 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: Apr 3, 2025 to Sep 4, 2026 (1.4 years).
CHPY vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.4 years both funds cover.
CHPY vs QQQ Performance
YieldMax Semiconductor Portfolio Option Income ETF (CHPY) is an ETF from YieldMax ETF and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CHPY returned +95.08% while QQQ returned +25.59%. Year to date, CHPY is up 53.92% versus a gain of 17.54% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CHPY has been the more volatile fund, with annualized monthly volatility of 37.8% compared with 19.7% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -27.6% for CHPY and -12.0% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CHPY charges 1.03% per year while QQQ charges 0.18%. On a $10,000 position that is $103 vs $18 annually, a gap of $85 per year that compounds over a long holding period. On income, CHPY currently yields 39.65% against 0.44% for QQQ.
Holdings Overlap
72.9% of CHPY's money is in holdings QQQ also owns. 32.1% of QQQ's money is in holdings CHPY also owns.
Most of CHPY is already inside QQQ. Owning both mostly buys the same companies twice.
19 positions in common, counted across the 29 positions we hold weights for in CHPY and 102 in QQQ, against full books of 120 and 107.
What only one of them owns
Our book lists 78 positions for QQQ that do not appear in our book for CHPY (66.1% of the fund), and 5 for CHPY that do not appear in QQQ (10.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CHPY | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 6.39% | 8.44% | 2.05% |
| AVGOBroadcom Inc | 6.03% | 3.16% | 2.87% |
| MUMicron Technology, Inc. | 4.47% | 4.43% | 0.04% |
| AMDAdvanced Micro Devices Inc | 5.16% | 3.45% | 1.71% |
| INTCIntel Corporation | 4.83% | 2.23% | 2.60% |
| LRCXLrcx Uw Equity | 5.21% | 1.69% | 3.52% |
| MRVLMarvell Technology Group Ltd. | 4.91% | 0.81% | 4.10% |
| AMATApplied Materials, Inc. | 3.78% | 1.86% | 1.92% |
| KLACKla Corp | 3.70% | 1.11% | 2.59% |
| ASL:ASAsml Holding Nv Unsponsored Adr Ordinary Shares | 4.03% | 0.68% | 3.35% |
72.9% of CHPY is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CHPY or QQQ?
CHPY has an expense ratio of 1.03% while QQQ charges 0.18%. QQQ is the cheaper option, by $85 a year on a $10,000 investment.
Which performed better, CHPY or QQQ?
Over the past year CHPY returned +95.08% vs +25.59% for QQQ, so CHPY leads on 1-year performance. Over the longest common window we track (1 years), CHPY annualized +95.94% vs +39.50% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CHPY or QQQ?
CHPY has been the more volatile fund at 37.8% annualized versus 19.7% for QQQ. Worst drawdown: CHPY -27.6% vs QQQ -12.0%.
Should I hold both CHPY and QQQ?
CHPY and QQQ have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CHPY and QQQ?
72.9% of CHPY's money is in holdings QQQ also owns. 32.1% of QQQ's is in holdings CHPY also owns. They hold 19 positions in common, counted across the 29 positions we hold weights for in CHPY and 102 in QQQ.
Which pays a higher dividend, CHPY or QQQ?
CHPY yields 39.65% while QQQ yields 0.44%, so CHPY currently pays the higher dividend yield.
Is QQQ better than CHPY?
QQQ has a lower expense ratio. CHPY led over 1Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 49.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.