CHPS.TO vs. DLR-U.TO

Last updated Jul 18, 2026

CHPS.TO (Global X Artificial Intelligence Semiconductor Index ETF) and DLR-U.TO (Global X U.S. Dollar Currency ETF) are both exchange-traded funds - CHPS.TO is a Semiconductors fund tracking the PHLX US AI Semiconductor Index, while DLR-U.TO is a Currency fund actively managed by Global X. CHPS.TO is passively managed, while DLR-U.TO is actively managed. Over the past 5 years, CHPS.TO returned 27.58%/yr vs 4.93%/yr for DLR-U.TO. At a correlation of -0.02, they often move in opposite directions.

Performance

CHPS.TO vs. DLR-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) and Global X U.S. Dollar Currency ETF (DLR-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CHPS.TO is traded in CAD, while DLR-U.TO is traded in USD. To make them comparable, the DLR-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CHPS.TO achieves a 47.72% return, which is significantly higher than DLR-U.TO's 3.52% return.

CHPS.TO

• 1D: -2.37%
• 1M: -10.36%
• 6M: 32.50%
• YTD: 47.72%
• 1Y: 77.14%
• 3Y*: 41.58%
• 5Y*: 27.58%
• 10Y*: —

DLR-U.TO

• 1D: -0.14%
• 1M: 0.39%
• 6M: 1.98%
• YTD: 3.52%
• 1Y: 5.22%
• 3Y*: 5.60%
• 5Y*: 4.93%
• 10Y*: 2.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CHPS.TO vs. DLR-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CHPS.TO Global X Artificial Intelligence Semiconductor Index ETF	47.72%	45.93%	20.38%	68.20%	-37.86%	23.13%
DLR-U.TO Global X U.S. Dollar Currency ETF	3.52%	-1.48%	12.94%	1.49%	7.61%	2.26%

Correlation

The correlation between CHPS.TO and DLR-U.TO is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jun 22, 2021	-0.02

Return for Risk

CHPS.TO vs. DLR-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CHPS.TO

CHPS.TO Risk / Return Rank: 80
CHPS.TO Sharpe Ratio Rank: 81
CHPS.TO Sortino Ratio Rank: 67
CHPS.TO Omega Ratio Rank: 72
CHPS.TO Calmar Ratio Rank: 94
CHPS.TO Martin Ratio Rank: 89

DLR-U.TO

DLR-U.TO Risk / Return Rank: 96
DLR-U.TO Sharpe Ratio Rank: 93
DLR-U.TO Sortino Ratio Rank: 95
DLR-U.TO Omega Ratio Rank: 95
DLR-U.TO Calmar Ratio Rank: 99
DLR-U.TO Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CHPS.TO vs. DLR-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) and Global X U.S. Dollar Currency ETF (DLR-U.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.

	CHPS.TO	DLR-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.19	+0.87
Sortino ratio: Return per unit of downside risk	2.46	1.65	+0.81
Omega ratio: Gain probability vs. loss probability	1.34	1.22	+0.12
Calmar ratio: Return relative to maximum drawdown	5.19	1.35	+3.84
Martin ratio: Return relative to average drawdown	15.25	3.38	+11.87

CHPS.TO vs. DLR-U.TO - Sharpe Ratio Comparison

The current CHPS.TO Sharpe Ratio is 2.06, which is higher than the DLR-U.TO Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of CHPS.TO and DLR-U.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CHPS.TO vs. DLR-U.TO - Drawdown Comparison

The maximum CHPS.TO drawdown since its inception was -48.16%, which is greater than DLR-U.TO's maximum drawdown of -17.30%. Use the drawdown chart below to compare losses from any high point for CHPS.TO and DLR-U.TO.

Drawdown Indicators

	CHPS.TO	DLR-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-48.16%	-17.30%	-30.86%
Max Drawdown (1Y) Largest decline over 1 year	-15.10%	-3.88%	-11.22%
Max Drawdown (3Y) Largest decline over 3 years	-37.49%	-6.58%	-30.91%
Max Drawdown (5Y) Largest decline over 5 years	-48.16%	-6.58%	-41.58%
Max Drawdown (10Y) Largest decline over 10 years	—	-17.30%	—
Current Drawdown Current decline from peak	-15.10%	-1.50%	-13.60%
Average Drawdown Average peak-to-trough decline	-13.74%	-6.35%	-7.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.11%	1.55%	+3.56%

Volatility

CHPS.TO vs. DLR-U.TO - Volatility Comparison

Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) has a higher volatility of 17.12% compared to Global X U.S. Dollar Currency ETF (DLR-U.TO) at 1.36%. This indicates that CHPS.TO's price experiences larger fluctuations and is considered to be riskier than DLR-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHPS.TO	DLR-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.12%	1.36%	+15.76%
Volatility (6M) Calculated over the trailing 6-month period	31.86%	3.38%	+28.48%
Volatility (1Y) Calculated over the trailing 1-year period	38.07%	4.43%	+33.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.24%	6.27%	+28.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.11%	6.63%	+28.48%

Dividends

CHPS.TO vs. DLR-U.TO - Dividend Comparison

CHPS.TO's dividend yield for the trailing twelve months is around 0.01%, less than DLR-U.TO's 3.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CHPS.TO Global X Artificial Intelligence Semiconductor Index ETF	0.01%	0.01%	0.20%	0.53%	0.97%	0.01%	0.00%	0.00%
DLR-U.TO Global X U.S. Dollar Currency ETF	3.73%	3.30%	3.36%	4.94%	0.00%	0.00%	0.00%	0.74%

Frequently Asked Questions

Can I hold both CHPS.TO and DLR-U.TO in my portfolio?

CHPS.TO and DLR-U.TO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between CHPS.TO and DLR-U.TO?

CHPS.TO is categorized as Semiconductors, while DLR-U.TO is Currency.