CHPY Dividend Calculator
YieldMax Semiconductor Portfolio Option Income ETF — Project your returns with dividend reinvestment (DRIP). Pays weekly.
Scenarios
Three realistic paths for high-yield funds: yield holds, yield compresses, yield normalizes. Click any card to load it.
What is CHPY?
CHPY is YieldMax's semiconductor income ETF. It holds an actively managed basket of 15-30 US-listed semiconductor stocks — typically Nvidia, Broadcom, AMD, TSMC, Micron, Qualcomm, and others — and overlays a covered call spread strategy on the portfolio to generate weekly distributions. Unlike YieldMax's single-stock funds (NVDY, MSTY, PLTY), CHPY gives you diversified semiconductor exposure rather than a bet on one ticker.
Latest CHPY distribution
- Per share
- $0.6629
- Distribution rate
- 45.17%
- 30-day SEC yield
- 0.00%
- ROC %
- 100.00%
- Declared
- May 12, 2026
- Ex-date
- May 13, 2026
- Payable
- May 14, 2026
Get CHPY distribution alerts
Get CHPY and all YieldMax distribution amounts, rates, and ROC % emailed every Tuesday and Wednesday. Free, unsubscribe anytime.
How CHPY generates income
CHPY is YieldMax's semiconductor income ETF. It holds an actively managed basket of 15-30 US-listed semiconductor stocks — typically Nvidia, Broadcom, AMD, TSMC, Micron, Qualcomm, and others — and overlays a covered call spread strategy on the portfolio to generate weekly distributions. Unlike YieldMax's single-stock funds (NVDY, MSTY, PLTY), CHPY gives you diversified semiconductor exposure rather than a bet on one ticker.
The income engine is the options overlay: the fund sells call options on its holdings at strikes above the current price and buys higher-strike calls as a hedge (a call spread). The premium collected funds the weekly distribution. Because semiconductor stocks carry consistently high implied volatility — especially around NVDA earnings, AI spending cycles, and TSMC capacity announcements — the premiums are substantial, which is why CHPY targets distribution rates in the 35-45% annualized range.
The trade-off is the familiar covered-call ceiling: when semiconductors run hard (as they did through the 2023-2025 AI buildout), CHPY captures only a portion of the upside because calls have been sold against the gains. When the sector chops sideways or sells off modestly, CHPY tends to outperform holding the stocks directly because the premium income cushions returns.
CHPY has grown to one of YieldMax's largest funds (over $500M AUM) on the back of trader interest in semiconductors as an AI proxy. Distributions typically include a significant return-of-capital (ROC) component, so a meaningful portion of what looks like yield is your own cost basis being returned. Check the latest announcement card for current ROC breakdown.
About the CHPY Dividend Calculator
This CHPY dividend calculator projects how your position grows with and without DRIP (Dividend Reinvestment). Every input is prefilled with live CHPY data — current price, latest per-share distribution, detected payment frequency, and historical CAGR — so you can hit calculate immediately, or override any field to model your own assumptions.
The CHPY DRIP calculator runs two parallel scenarios: one where every distribution is reinvested into more CHPY shares, and one where distributions are taken as cash and never compounded. The gap between the two curves is the compounding premium — the extra wealth you build by letting CHPY dividends buy more shares over time. Extra monthly contributions, tax rates, and custom dividend growth rates are all supported, and every calculation runs in your browser with no additional API calls after page load.
Why this calculator is more accurate than most
Traditional DRIP calculators treat dividend-per-share and share-price as two independent quantities that grow at their own separate rates. That works fine for stocks like SCHD or KO, where management sets the payout and the stock price moves with the business. It breaks badly for option-income ETFs like MSTY, NVDY, or TSLY, where distributions are sourced from option premium on the underlying — meaning the dividend dollar is mechanically a fraction of NAV, not a separate variable. Let those two quantities compound independently and you get absurd outputs (trillion-dollar portfolios from $10K) because the implied yield silently grows to 400%+ as price collapses faster than the dollar dividend.
We solve this with two projection modes. Dividend Growth mode is the standard model — correct for dividend-growth stocks and traditional income ETFs. Yield-on-NAV mode (auto-selected when starting yield exceeds 20%) locks the forward yield and recomputes distributions each year asyield × current NAV, so as price falls, dividend-per-share falls proportionally. This matches the physics of option-income funds and produces realistic projections instead of fantasy numbers.
You can toggle between the two modes above the input form. For CHPY — a YieldMax option-income ETF — yield-on-NAV is the default and we recommend keeping it on.
The two levers that change results the most are the growth assumptions and the holding period. For a volatile, high-yield fund, a 0% or slightly negative growth assumption is usually more realistic than extrapolating a historical CAGR, because distribution levels often decay as implied volatility normalizes. For stable dividend ETFs and index funds, the 5Y CAGR is a reasonable baseline. The CHPY dividend history page shows every past payment in detail, and the total return analyzer strips out NAV erosion to show your real yield.