ETF Evaluator:
YieldMax Semiconductor Port Opt Inc ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Derivative Income Over the Last Year
| 127.0% | YieldMax AMD Option Income Strategy ETF (AMDY) |
| 113.8% | YieldMax MSTR Short Opt Inc Stgy ETF (WNTR) |
| 91.4% | YieldMax Semiconductor Port Opt Inc ETF (CHPY) |
| 90.2% | YieldMax Target 12 Smcndctr Opt Inc ETF (SOXY) |
| 61.8% | YieldMax GOOGL Option Income Stgy ETF (GOOY) |
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Risk
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ETF Details
YieldMax Semiconductor Port Opt Inc ETF Overview
YieldMax Semiconductor Port Opt Inc ETF (CHPY) is an actively managed Nontraditional Equity Derivative Income exchange-traded fund (ETF). YieldMax ETFs launched the ETF in 2025.
The investment seeks current income; the fund’s secondary objective is to seek capital appreciation via investments in a select portfolio of semiconductor companies.
The fund’s strategy involves: (1) constructing a portfolio of U.S.-listed equity securities of semiconductor companies (each, an “underlying security”) (the “Equity Strategy”) and (2) generating income through an options portfolio (the “Options Strategies”), which involve using options contracts on underlying securities and/or semiconductor ETFs. The fund is non-diversified.
About YieldMax Semiconductor Port Opt Inc ETF (CHPY)
There are 3 members of the management team with an average tenure of 0.90 years: Scott Snyder (2025), Jay Pestrichelli (2025) and Nicholas Quinn (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
YieldMax Semiconductor Port Opt Inc ETF has 92 securities in its portfolio. The top 10 holdings constitute 48.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
YieldMax Semiconductor Port Opt Inc ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. YieldMax Semiconductor Port Opt Inc ETF has 19.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 78.6% There is 19.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). YieldMax Semiconductor Port Opt Inc ETF has 1.5% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is above the $727 million average for the Derivative Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CHPY Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The YieldMax Semiconductor Port Opt Inc ETF expense ratio is high compared to funds in the Derivative Income category. YieldMax Semiconductor Port Opt Inc ETF has an expense ratio of 1.03%, which is 24% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. YieldMax Semiconductor Port Opt Inc ETF has a portfolio turnover rate of 16%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 69% for the Derivative Income category.
Recently, in the month of July 2026, YieldMax Semiconductor Port Opt Inc ETF returned -20.4%, which earned it a grade of F, as the Derivative Income category had an average return of -1.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
YieldMax Semiconductor Port Opt Inc ETF has a trailing yield of 23.35%, which is above the 19.96% category average.
The fund normally distributes its income weekly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
YieldMax Semiconductor Port Opt Inc ETF Grades
Year to date, the ETF has returned 55.5%, 52.9 percentage points better than the category, which translates into a grade of A. The fund has returned 91.4% over the past year (grade of A).
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CHPY Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CHPY Return (NAV) | -20.4% | 8.2% | 91.4% | na | na | na |
| CHPY Return (Price) | -20.3% | 8.2% | 91.2% | na | na | na |
| NAV +/- Price Return | -0.081% | 0.020% | 0.251% | na | na | na |
| Derivative Income Avg | -1.5% | 0.6% | 11.2% | 13.7% | 8.8% | 7.5% |
| CHPY Grade (NAV) | F | A | A | na | na | na |
| +/- Category (NAV) | -18.9% | 7.6% | 80.2% | na | na | na |
| CHPY Tax-Cost Ratio | na | na | 9.6% | na | na | na |
CHPY Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CHPY Return (NAV) | 55.5% | na | na | na | na | na | na | na | na | na | na |
| CHPY Return (Price) | 55.3% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.003% | na | na | na | na | na | na | na | na | na | na |
| Derivative Income Avg | 2.6% | 10.6% | 18.5% | 17.5% | -11.3% | 19.4% | 1.4% | 19.2% | -7.1% | 12.1% | 8.7% |
| CHPY Grade (NAV) | A | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 52.9% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 23.4% |
| Total Assets: | $ 1,022 Mil |
| Share Class Assets: | $ 1,022 Mil |
| Turnover: | 16.0% |
| Expense Ratio: | 1.03% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Weekly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.3 years | |||
| Average Tenure: 0.9 years | |||
| Managers (Year): Pestrichelli Jay (2025), Quinn Nicholas (2025), Snyder Scott (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 92 |
| % in Top 10 Holdings: | 48.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 19.6% |
Portfolio Allocation |
|
| Domestic Stock: | 78.6% |
| Foreign Stock: | 19.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.3% |
| Cash: | 1.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | YieldMax ETFs |
| Phone Number: | 866-864-3968 |
| Website: | |
| Inception Date: | April 2, 2025 |
Expenses and Fees
| Expense Ratio (%): | 1.03% (Rating: High) |
| Category Average Expense Ratio (%): | 0.83% |
