CHPY selects semiconductor companies; GPTY selects AI infrastructure and technology companies. Both actively hold approximately 15 to 30 stocks and sell call spreads on portfolio holdings, seeking weekly distributions. A broader theme name does not establish lower concentration: compare the actual holdings and weights, including overlapping chip companies.
Data updated September 4, 2026
Best for
CHPYInvestors who want semiconductor-focused stock exposure with call-spread income.
GPTYInvestors who want an AI infrastructure and tech mandate with call-spread income.
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
CHPY has outpaced GPTY over the trailing twelve months, posting a 97.99% total return against 40.14%. Measured from Apr 2025 — when the younger fund began trading — CHPY has compounded at 97.04% a year versus 55.81% for GPTY. GPTY has been the steadier holding, though — annualized volatility of 27.6% against 39.3% for CHPY. Figures are total returns: price change plus every distribution reinvested.
Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 4, 2026. YTD and 1Y are cumulative; windows of one year or longer are annualized. “Since Apr 2025” measures every fund from April 3, 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.
Side-by-side snapshot
Side-by-side snapshot. Each row is one metric;
each column is one fund.
Seeks weekly income by holding a portfolio of U.S.-listed semiconductor equities and generating premium through an options overlay written on those holdings and on semiconductor ETFs.
Seeks weekly income by investing at least 80% of assets in the equity securities of AI and technology companies and in options contracts written on those companies and on AI and technology ETFs.
Bottom lineChoose CHPY if you want semiconductor-focused stock exposure with call-spread income. Choose GPTY if you want an AI infrastructure and tech mandate with call-spread income. Compare holdings and net total returns over matching dates. A distribution rate is not a return forecast, and historical beta is not a leverage target or a guarantee about future losses.
Different stock mandates with call-spread income
CHPY selects semiconductor companies; GPTY selects AI infrastructure and technology companies. Both actively hold approximately 15 to 30 stocks and sell call spreads on portfolio holdings, seeking weekly distributions. A broader theme name does not establish lower concentration: compare the actual holdings and weights, including overlapping chip companies.
CHPY
GPTY
Approach
Semiconductor stocks with written call spreads
AI infrastructure and tech stocks with written call spreads
Risk review
Chip-sector concentration, equity losses, and option obligations
AI/tech concentration, equity losses, and option obligations
Expense ratio
1.03%
1.06%
Portfolio fit
Review combined holdings and weights
Review combined holdings and weights
How the risk works
Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.
Capped upside and premium dependence. CHPY and GPTY generate income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.
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 and GPTY.
CHPY (YieldMax Semiconductor Portfolio Option Income ETF) and GPTY (YieldMax AI & Tech Portfolio Option Income ETF) are both weekly-pay dividend ETFs, but they take different approaches.
CHPY offers the higher yield at 39.73% vs 35.21% for GPTY. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
CHPY is cheaper with an expense ratio of 1.03% compared to 1.06%.
They have different reference exposures: CHPY is linked to Basket (Semiconductor companies) while GPTY is linked to Basket (AI and technology companies), which means their performance drivers differ.
CHPY is the larger fund by assets ($1.17B), but assets alone do not establish trading costs or liquidity.
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On a $10,000 investment, CHPY would generate roughly $331.08/month, while GPTY would produce $293.42/month, at current distribution rates. Both pay weekly distributions.
CHPY yield39.73%
GPTY yield35.21%
Monthly diff on $10K$37.67
Cost & efficiency
Over 10 years on $10,000, CHPY would cost approximately $1,030 in fees vs $1,060 for GPTY (simplified, not compounded). The $30.00 difference may be offset by yield or performance.
CHPY ER1.03%
GPTY ER1.06%
Strategy & risk
CHPY selects semiconductor companies; GPTY selects AI infrastructure and technology companies. Both actively hold approximately 15 to 30 stocks and sell call spreads on portfolio holdings, seeking weekly distributions. A broader theme name does not establish lower concentration: compare the actual holdings and weights, including overlapping chip companies. Beta describes historical benchmark sensitivity, not guaranteed downside protection.
CHPY beta1.8613
GPTY beta1.6572
Fund details
CHPY is managed by YieldMax (launched 04/02/2025) with $1.17B in assets. GPTY is managed by YieldMax (launched 01/22/2025) with $137M in assets.
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Frequently asked questions
Do weekly payments or call spreads protect CHPY and GPTY from losses?
No. Both retain stock-market downside, and option premiums may not offset losses. A call spread's payoff differs from a single written call, but does not put a floor under the entire equity portfolio. Weekly payments can vary and are not proof of earned return or of economic capital erosion.
How should I compare risk and ownership costs?
Use matching dates and definitions for returns, distributions, and fees. Beta describes historical benchmark sensitivity, not guaranteed downside protection. Check current bid-ask spreads and premiums or discounts; AUM alone does not determine the price available for your order.
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