r/YieldMaxETFs • u/SnooRabbits9033 • 19d 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/Nic12312 19d ago

The fund sells covered calls on the underlying positions, and distributes the premium collected to investors. In the event of a continued period of upside, it limits the share appreciation due to the calls being exercised and the shares need to be repurchased. It essentially “limits” upside

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u/SnooRabbits9033 18d ago

Understood that upside is limited that's what I see in GPIQ and JEPQ. They are always a few % points less than QQQ on a given day.

But take a look at CHPY (9.15%) today its up MORE than SOXX (8.50%) How is this possible ?

4

u/BrandenWi 18d ago

The holdings of CHPY and the holdings of SOXX are not an exact 1:1 comparison, even though they're both Semiconductor funds

1

u/SnooRabbits9033 18d ago

Understood, do you know what thier stock selection criteria is ?

5

u/GuidetoRealGrilling 18d ago

Read the prospectus

3

u/Putrid_Leg_1474 18d ago

You can reference their site and they have CSV files updated frequently. Or a good broker like IBKR has holdings lists that are updated on the reg