Data as of .
CHPY vs WEPN: which paid, and which earned it?
CHPY and WEPN both write options for income.
What they hold in common
By the books each fund has filed, CHPY and WEPN hold 0% of their money in the same securities at the same weight.
| Only in CHPY | Only in WEPN |
|---|---|
| Broadcom Inc 6.82% | Invesco DB Base Metals Fund 6.48% |
| NVIDIA Corp 6.59% | AeroVironment Inc 5.72% |
| Marvell Technology Inc 5.75% | Palo Alto Networks Inc 4.93% |
| Intel Corp 5.12% | Crowdstrike Holdings Inc 4.82% |
| Lam Research Corp 4.95% | VanEck Steel ETF 4.28% |
| ARM Holdings PLC 4.63% | BWX Technologies Inc 4.14% |
| Advanced Micro Devices Inc 4.30% | Ondas Inc 4.02% |
| ASML Holding NV 3.94% | Palantir Technologies Inc 3.99% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| CHPY | WEPN | CHPY | WEPN | CHPY | WEPN | |
| 3 months | −15.2% | +0.6% | 8.8% | 3.0% | −2.0 pts | +11.0 pts |
| 6 months | +48.5% | +1.1% | 27.5% | 6.2% | −0.5 pts | +4.9 pts |
| 1 year | +83.7% | not published | 49.3% | not published | +2.3 pts | not published |
| Since launch | +164.7% | −7.3% | 79.7% | 6.1% | −29.2 pts | +5.2 pts |
| CHPY YieldMax(R) Semiconductor Portfolio Option Income ETF Synthetic covered call on SMH, paying weekly | WEPN Nicholas Defense and Rare Earth Income ETF Option income on ITA, paying weekly | |
|---|---|---|
| Issuer | YieldMax | Nicholas |
| Strategy | synthetic covered call | option income |
| Benchmark | Semiconductors (SMH) | Aerospace and defense (ITA), used as the proxy |
| Pays | weekly | weekly |
| Payout rate, annualized | 57.5% | 11.9% |
| Expense ratio | 1.03% | 1.11% |
| Cash paid, 1 year | 49.3% | 6.1% (since launch on Mar 3, 2026) |
| Price change, 1 year | +20.6% | −13.3% |
| Total return, 1 year | +83.7% | −7.3% (since launch on Mar 3, 2026) |
| Benchmark return, 1 year | +81.3% | −12.5% |
| Ahead or behind | +2.3 pts | +5.2 pts |
| Return of capital, latest estimate | 100% | not published |
| Age | 533 days | 199 days |
| Net assets | $1.2bn | $6m |
CHPY in plain words
Over the year to Sep 18, 2026, CHPY paid 49.3% of its starting value in cash distributions while its price rose 20.6%. With every distribution reinvested, the fund returned +83.7%. Semiconductors (SMH) returned +81.3% over the same days, so a holder was ahead by 2.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 57.5%, paid weekly. YieldMax estimates that 100% of the distribution paid Sep 17, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
WEPN in plain words
Over the period since launch on Mar 3, 2026 to Sep 18, 2026, WEPN paid 6.1% of its starting value in cash distributions while its price fell 13.3%. With every distribution reinvested, the fund returned −7.3%. Aerospace and defense (ITA), used as the proxy returned −12.5% over the same days, so a holder was ahead by 5.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 11.9%, paid weekly.
Questions people ask
- Which is cheaper, CHPY or WEPN?
- CHPY charges 1.03% a year and WEPN charges 1.11%, so CHPY is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, CHPY against WEPN, data as of Sep 18, 2026. https://etfiq.com/compare/income/chpy-vs-wepn Free to use with attribution; the underlying files are at Open data.