CHPY vs SPY
YieldMax Semiconductor Portfolio Option Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. CHPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | CHPY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.03% | 0.09% | |
| AUM | $1.1B | $789.1B | |
| Dividend Yield | 29.14% | 1.01% | |
| Holdings | 104 | 505 | |
| YTD Return | +58.65% | +13.79% | |
| 1Y Return | +102.62% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 38.6% | 15.3% | |
| Max Drawdown | -27.6% | -56.5% | |
| Fund Family | YieldMax ETF | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Apr 2, 2025 | Jan 22, 1993 |
CHPY vs SPY Performance
YieldMax Semiconductor Portfolio Option Income ETF (CHPY) is a ETF from YieldMax ETF and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CHPY returned +102.62% while SPY returned +23.66%. Year to date, CHPY is up 58.65% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
CHPY has been the more volatile fund, with annualized monthly volatility of 38.6% compared with 15.3% for SPY. 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 -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CHPY charges 1.03% per year while SPY charges 0.09%. On a $10,000 position that is $103 vs $9 annually, a gap of $94 per year that compounds over a long holding period. On income, CHPY currently yields 29.14% against 1.01% for SPY.
Holdings Overlap
CHPY and SPY share 18 holdings out of 514 unique holdings combined, representing a 16.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CHPY or SPY?
CHPY has an expense ratio of 1.03% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $94 per year of difference.
Which performed better, CHPY or SPY?
Over the past year CHPY returned +102.62% vs +23.66% for SPY, so CHPY leads on 1-year performance. Over the longest common window we track (1 years), CHPY annualized +108.25% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, CHPY or SPY?
CHPY has been the more volatile fund at 38.6% annualized versus 15.3% for SPY. Worst drawdown: CHPY -27.6% vs SPY -56.5%.
Should I hold both CHPY and SPY?
CHPY and SPY have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CHPY and SPY?
CHPY and SPY share 18 common holdings with a 16.0% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, CHPY or SPY?
CHPY yields 29.14% while SPY yields 1.01%, so CHPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.