YieldMax Semiconductor Portfolio Option Income ETF

CHPY

Market cap $60.8M

YieldMax Semiconductor Portfolio Option Income ETF offers a high-yield, actively managed options strategy on a diversified semiconductor stock basket. CHPY employs multiple option strategies for flexibility and potential drawdown mitigation, but lacks transparency on allocation and implementation details. Current high yields (~35% annualized) and stable payouts are attractive, but NAV pressure and high return of capital remain concerns.

YieldMax Semiconductor Portfolio Option Income ETF offers weekly distributions by writing covered calls on a diversified portfolio of semiconductor stocks. CHPY's structure enables investors to systematically harvest gains, amortize cost basis, and manage market timing anxiety in a volatile sector. While CHPY trails SOXX and SMH in total returns during up markets, its frequent payouts and overlap in holdings make it a compelling alternative.

NEW YORK, Oct. 08, 2025 (GLOBE NEWSWIRE) -- YieldMax® ETFs today announced a significant enhancement to its distribution framework, moving all single stock option income ETFs to a weekly distribution schedule. This shift reflects investor demand for more frequent income opportunities and represents the natural evolution of the YieldMax® product line.

YieldMax has expanded its ETF lineup with the launch of the YieldMax Semiconductor Portfolio Option Income ETF (CHPY).  Listed on the NYSE Arca, this actively managed fund has an expense ratio of 0.99%.

CHICAGO and MILWAUKEE and NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- YieldMax™ announced the launch today of the following ETF: YieldMax™ Semiconductor Portfolio Option Income ETF (NYSE Arca: CHPY) CHPY Overview CHPY is an actively managed ETF that seeks current income and capital appreciation via direct investments in a select portfolio of 15-30 Semiconductor Companies. CHPY aims to generate current income through an options portfolio on Semiconductor Companies and/or Semiconductor ETFs.