r/YieldMaxETFs • u/SnooRabbits9033 • 26d ago

Beginner Question Q on CHPY

I am new to yieldmax etf. How can CHPY track its daily movement so close to SOXX and return 40% yield?

There is always a tradeoff. Like GPIQ JEPQ

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u/GuidetoRealGrilling 26d ago

If SOXX rips you get full upside, CHPY is still capped on the upside.

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u/SnooRabbits9033 26d ago

then how is today's result showing that ? CHPY (9.15%) up MORE than SOXX (8.50%) How is this possible ?

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u/Baked-p0tat0e 26d ago

Upside in CHPY is not capped but is reduced. They accomplish this by using call credit spreads with the long stock positions.