BASE.TO vs. XCHP.TO
BASE.TO (Evolve Global Materials & Mining Enhanced Yield Index ETF) and XCHP.TO (iShares Semiconductor Index ETF) are both exchange-traded funds - BASE.TO is a Materials fund tracking the Solactive Materials & Mining, while XCHP.TO is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past year, BASE.TO returned 47.44% vs 174.83% for XCHP.TO. At a 0.38 correlation, their price movements are largely independent. BASE.TO charges 0.00%/yr vs 0.39%/yr for XCHP.TO.
Performance
BASE.TO vs. XCHP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BASE.TO achieves a 20.51% return, which is significantly lower than XCHP.TO's 107.37% return.
BASE.TO
- 1D
- -2.79%
- 1M
- -3.61%
- YTD
- 20.51%
- 6M
- 17.54%
- 1Y
- 47.44%
- 3Y*
- 15.57%
- 5Y*
- 8.84%
- 10Y*
- —
XCHP.TO
- 1D
- -7.52%
- 1M
- 15.53%
- YTD
- 107.37%
- 6M
- 104.94%
- 1Y
- 174.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BASE.TO vs. XCHP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BASE.TO Evolve Global Materials & Mining Enhanced Yield Index ETF | 20.51% | 30.33% | -13.56% | 11.49% |
XCHP.TO iShares Semiconductor Index ETF | 107.37% | 32.93% | 21.39% | 15.07% |
Correlation
The correlation between BASE.TO and XCHP.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.38 |
The correlation between BASE.TO and XCHP.TO shifts across timeframes, from 0.38 (all time) to 0.48 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BASE.TO vs. XCHP.TO — Risk / Return Rank
BASE.TO
XCHP.TO
BASE.TO vs. XCHP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Global Materials & Mining Enhanced Yield Index ETF (BASE.TO) and iShares Semiconductor Index ETF (XCHP.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BASE.TO | XCHP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.62 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 12.37 | -9.33 |
| Martin ratioReturn relative to average drawdown | 12.44 | 42.02 | -29.58 |
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Drawdowns
BASE.TO vs. XCHP.TO - Drawdown Comparison
The maximum BASE.TO drawdown since its inception was -33.43%, smaller than the maximum XCHP.TO drawdown of -39.06%. Use the drawdown chart below to compare losses from any high point for BASE.TO and XCHP.TO.
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Drawdown Indicators
| BASE.TO | XCHP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -39.06% | +5.63% |
Max Drawdown (1Y)Largest decline over 1 year | -15.68% | -14.22% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -24.11% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.43% | — | — |
Current DrawdownCurrent decline from peak | -8.03% | -7.52% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -8.18% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 4.18% | -0.36% |
Volatility
BASE.TO vs. XCHP.TO - Volatility Comparison
The current volatility for Evolve Global Materials & Mining Enhanced Yield Index ETF (BASE.TO) is 7.88%, while iShares Semiconductor Index ETF (XCHP.TO) has a volatility of 19.98%. This indicates that BASE.TO experiences smaller price fluctuations and is considered to be less risky than XCHP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BASE.TO | XCHP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.88% | 19.98% | -12.10% |
Volatility (6M)Calculated over the trailing 6-month period | 18.86% | 31.53% | -12.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.41% | 38.04% | -14.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.10% | 38.01% | -14.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.40% | 38.01% | -11.61% |
BASE.TO vs. XCHP.TO - Expense Ratio Comparison
BASE.TO has a 0.00% expense ratio, which is lower than XCHP.TO's 0.39% expense ratio.
Dividends
BASE.TO vs. XCHP.TO - Dividend Comparison
BASE.TO's dividend yield for the trailing twelve months is around 8.45%, while XCHP.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BASE.TO Evolve Global Materials & Mining Enhanced Yield Index ETF | 8.45% | 9.55% | 11.20% | 8.80% | 8.96% | 5.95% | 4.67% | 2.88% |
XCHP.TO iShares Semiconductor Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BASE.TO and XCHP.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BASE.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BASE.TO is cheaper with a 0.00% expense ratio, compared with 0.39% for XCHP.TO.
BASE.TO is categorized as Materials, while XCHP.TO is Semiconductors. BASE.TO tracks Solactive Materials & Mining, while XCHP.TO tracks NYSE Semiconductor Index. They also come from different issuers: Evolve and iShares. Their fees differ too: 0.00% for BASE.TO and 0.39% for XCHP.TO.
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