A head-to-head comparison of Tidal Trust II - Nicholas Crypto Income ETF and YieldMax Semiconductor Portfolio Option Income ETF covering yield, cost, risk, and income potential.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Nicholas Wealth Management operates a focused lineup of 10 ETFs that emphasize digital assets, income generation, and thematic investing strategies. The issuer's portfolio includes specialized funds targeting sectors such as blockchain (BLOX), precious metals (GLDN, SLVX), nuclear energy (NUKX), and digital finance (FIAX), alongside income-focused offerings. This niche positioning reflects the firm's focus on alternative and emerging investment themes rather than broad market exposure.
See our curated list of related YouTube videos on BLOX.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
YieldMax is known for specializing in options-based and income-focused ETFs that emphasize yield generation through covered call strategies and other income-producing methodologies. The firm operates a diverse lineup of 63 funds organized across multiple families including covered call strategies, 0DTE (zero days to expiration) options, double distribution approaches, and various target-date and performance-based portfolios designed to generate regular distributions. Notable offerings span popular underlying assets like major technology stocks and broad market indices, with a particular emphasis on providing enhanced income solutions for investors seeking regular cash flows through options strategies and other tactical approaches.
See our curated list of related YouTube videos on CHPY.
YieldMax Semiconductor Portfolio Option Income ETF
Issuer
Nicholas Wealth Management
YieldMax
Last Close
$14.18 as of July 15, 2026
$77.54 as of July 15, 2026
Distribution yield
36.19%
39.73%
Distribution Safety Score
51
79
Expense ratio
0.99%
1.03%
AUM
$321M
$1.11B
Distribution frequency
Weekly
Weekly
Underlying index
Basket (Equity portfolio focused on crypto-related companies)
Basket (Semiconductor companies)
Objective
Seeks to provide current income and capital appreciation through exposure to crypto-related companies with an options strategy generating weekly income distributions.
Covered Call
Asset class
Equity
Equity
Inception date
06/17/2025
04/02/2025
Beta
3.1121
1.8613
Last dividend
$0.0987
$0.5925
Ex-dividend date
07/10/2026
07/14/2026
Bottom lineChoose BLOX if you want crypto exposure that pays you along the way, not just price gains. Choose CHPY if you want to maximize current income — roughly 39.73%, generated by selling options premium.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
BLOX has lagged CHPY over the trailing twelve months, posting a -12.19% total return against 104.50%. Measured from Jun 2025 — when the younger fund began trading — CHPY has compounded at 105.21% a year versus 4.27% for BLOX. CHPY has been the steadier holding, though — annualized volatility of 35.9% against 54.6% for BLOX. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 14, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jun 2025” measures every fund from June 17, 2025 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the past year. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
BLOX (Tidal Trust II - Nicholas Crypto Income ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both weekly-pay dividend ETFs, but they take different approaches.
CHPY offers the higher yield at 39.73% vs 36.19% for BLOX. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
BLOX is cheaper with an expense ratio of 0.99% compared to 1.03%.
They track different benchmarks: BLOX is linked to Basket (Equity portfolio focused on crypto-related companies) while CHPY tracks Basket (Semiconductor companies), which means their performance drivers differ.
CHPY is the larger fund by assets ($1.11B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose BLOX
Tidal Trust II - Nicholas Crypto Income ETF
Want crypto exposure that pays income rather than waiting on price alone.
Want to keep costs low — a 0.99% expense ratio vs 1.03% for CHPY.
Choose CHPY
YieldMax Semiconductor Portfolio Option Income ETF
Want to maximize current income — CHPY distributes roughly 39.73% from selling options premium, vs 36.19% for BLOX.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Prefer lower volatility — a beta of 1.9 vs 3.1 for BLOX.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, BLOX would generate roughly $301.58/month, while CHPY would produce $331.08/month, at current distribution rates. Both pay weekly distributions.
BLOX yield36.19%
CHPY yield39.73%
Monthly diff on $10K$29.50
Cost & efficiency
Over 10 years on $10,000, BLOX would cost approximately $990 in fees vs $1,030 for CHPY (simplified, not compounded). The $40.00 difference may be offset by yield or performance.
BLOX ER0.99%
CHPY ER1.03%
Strategy & risk
BLOX tracks Basket (Equity portfolio focused on crypto-related companies) with an options approach, while CHPY tracks Basket (Semiconductor companies) with a covered call approach. Beta is 3.1121 for BLOX and 1.8613 for CHPY, indicating CHPY is less volatile relative to the market.
BLOX beta3.1121
CHPY beta1.8613
Fund details
BLOX is managed by Nicholas Wealth Management (launched 06/17/2025) with $321M in assets. CHPY is managed by YieldMax (launched 04/02/2025) with $1.11B in assets.
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Frequently asked questions
Is BLOX or CHPY better for dividend income?
It depends on your goals. CHPY currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between BLOX and CHPY?
BLOX (Tidal Trust II - Nicholas Crypto Income ETF) tracks Basket (Equity portfolio focused on crypto-related companies) with an options approach, while CHPY (YieldMax Semiconductor Portfolio Option Income ETF) tracks Basket (Semiconductor companies) with a covered call approach. They are issued by Nicholas Wealth Management and YieldMax respectively.
Can I hold both BLOX and CHPY?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, BLOX or CHPY?
BLOX has an expense ratio of 0.99% while CHPY charges 1.03%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in BLOX vs CHPY generate?
At current rates, $10,000 in BLOX would generate roughly $301.58 per month ($3,619.00 annually). The same in CHPY would produce about $331.08 per month ($3,973.00 annually).
Which has performed better historically, BLOX or CHPY?
BLOX has lagged CHPY over the trailing twelve months, posting a -12.19% total return against 104.50%. Measured from Jun 2025 — when the younger fund began trading — CHPY has compounded at 105.21% a year versus 4.27% for BLOX. CHPY has been the steadier holding, though — annualized volatility of 35.9% against 54.6% for BLOX. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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