CHPY actively holds semiconductor stocks and sells call spreads to seek weekly distributions. SCHD tracks the Dow Jones U.S. Dividend 100 Index. CHPY adds concentrated chip-industry and option exposure; SCHD's dividend screen is a different mandate and does not guarantee safe payouts.
Data updated September 4, 2026
Best for
CHPYInvestors who want semiconductor option income and accept concentrated equity risk.
SCHDInvestors who want a dividend-stock selection strategy across industries.
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
CHPY has outpaced SCHD over the trailing twelve months, posting a 97.99% total return against 30.72%. Measured from Apr 2025 — when the younger fund began trading — CHPY has compounded at 97.04% a year versus 24.35% for SCHD. SCHD has been the steadier holding, though — annualized volatility of 11.0% 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 to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Dividend 100 Index, which measures the performance of high dividend yielding stocks issued by U.S. companies with a record of consistently paying dividends, selected for fundamental strength relative to their peers based on financial ratios.
Bottom lineChoose CHPY if you want semiconductor option income and accept concentrated equity risk. Choose SCHD if you want a dividend-stock selection strategy across industries. Compare net total returns over matching dates, distribution sources, and current holdings. A distribution rate is not a return forecast, and tax return of capital alone does not establish economic loss. Payments and prices can fall.
Semiconductor option income versus dividend-stock selection
CHPY actively holds semiconductor stocks and sells call spreads to seek weekly distributions. SCHD tracks the Dow Jones U.S. Dividend 100 Index. CHPY adds concentrated chip-industry and option exposure; SCHD's dividend screen is a different mandate and does not guarantee safe payouts.
CHPY
SCHD
Approach
Semiconductor stocks with sold call spreads
Dow Jones U.S. Dividend 100 Index
Risk review
Semiconductor cycles, concentration, and option losses
Equity losses, dividend cuts, and stock/sector concentration
Expense ratio
1.03%
0.06%
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 generates 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.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Schwab is a major provider of low-cost, broad-based ETFs known for making investing accessible to individual investors through its discount brokerage platform. The issuer's fund lineup spans multiple categories including core index funds, dividend and income-focused strategies, factor-based approaches, international exposure, fixed income, and digital assets, with popular core holdings like SCHB (U.S. broad market) and SCHD (dividend appreciation) alongside more specialized thematic offerings. Schwab's ETF suite is characterized by its breadth across asset classes and investment styles, competitive expense ratios, and integration with its retail brokerage ecosystem.
See our curated list of related YouTube videos on SCHD.
CHPY (YieldMax Semiconductor Portfolio Option Income ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both dividend ETFs, but they take different approaches.
CHPY offers the higher yield at 39.73% vs 2.90% for SCHD. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SCHD is cheaper with an expense ratio of 0.06% compared to 1.03%.
They have different reference exposures: CHPY is linked to Basket (Semiconductor companies) while SCHD is linked to Dow Jones U.S. Dividend 100 Index, which means their performance drivers differ.
SCHD is the larger fund by assets ($112B), 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 SCHD would produce $24.17/month, at current distribution rates.
CHPY yield39.73%
SCHD yield2.90%
Monthly diff on $10K$306.92
Cost & efficiency
Over 10 years on $10,000, CHPY would cost approximately $1,030 in fees vs $60 for SCHD (simplified, not compounded). The $970.00 difference may be offset by yield or performance.
CHPY ER1.03%
SCHD ER0.06%
Strategy & risk
CHPY actively holds semiconductor stocks and sells call spreads to seek weekly distributions. SCHD tracks the Dow Jones U.S. Dividend 100 Index. CHPY adds concentrated chip-industry and option exposure; SCHD's dividend screen is a different mandate and does not guarantee safe payouts. Beta describes historical benchmark sensitivity, not guaranteed downside protection.
CHPY beta1.8613
SCHD beta0.56
Fund details
CHPY is managed by YieldMax (launched 04/02/2025) with $1.17B in assets. SCHD is managed by Schwab (launched 10/20/2011) with $112B in assets.
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Frequently asked questions
Does CHPY's weekly payment schedule mean it rolls options weekly?
A distribution schedule does not establish option maturity or trading frequency. Review CHPY's actual positions and prospectus. Its call spreads do not protect the stock portfolio from falling semiconductor prices. Neither the payment frequency nor historical beta predicts future losses.
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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