CHPS.TO vs. HBAL.TO

Last updated Aug 4, 2026

CHPS.TO (Global X Artificial Intelligence Semiconductor Index ETF) and HBAL.TO (Global X Balanced Asset Allocation ETF) are both exchange-traded funds - CHPS.TO is a Artificial Intelligence fund tracking the PHLX US AI Semiconductor Index, while HBAL.TO is a Diversified Portfolio fund actively managed by Global X. CHPS.TO is passively managed, while HBAL.TO is actively managed. Over the past 5 years, CHPS.TO returned 25.57%/yr vs 7.20%/yr for HBAL.TO. Their 0.67 correlation means they have sometimes moved together and sometimes differently. CHPS.TO charges 0.63%/yr vs 0.20%/yr for HBAL.TO.

Performance

CHPS.TO vs. HBAL.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 Balanced Asset Allocation ETF (HBAL.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHPS.TO achieves a 44.43% return, which is significantly higher than HBAL.TO's 7.78% return.

CHPS.TO

• 1D: 0.51%
• 1M: -10.50%
• 6M: 32.24%
• YTD: 44.43%
• 1Y: 75.11%
• 3Y*: 40.71%
• 5Y*: 25.57%
• 10Y*: —
• ALL TIME*: 26.08%

HBAL.TO

• 1D: 0.05%
• 1M: -1.95%
• 6M: 6.83%
• YTD: 7.78%
• 1Y: 16.85%
• 3Y*: 13.47%
• 5Y*: 7.20%
• 10Y*: —
• ALL TIME*: 8.92%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CHPS.TO Global X Artificial Intelligence Semiconductor Index ETF	CA$6.23M	CA$6.24M	CA$7.42M
HBAL.TO Global X Balanced Asset Allocation ETF	CA$44.39K	CA$117.94K	CA$91.49K

CHPS.TO vs. HBAL.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CHPS.TO Global X Artificial Intelligence Semiconductor Index ETF	44.43%	45.93%	20.38%	68.20%	-37.86%	23.13%
HBAL.TO Global X Balanced Asset Allocation ETF	7.78%	13.57%	16.65%	15.31%	-17.70%	6.81%

Correlation

The correlation between CHPS.TO and HBAL.TO is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.72
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (5Y) Shows whether the relationship held over a longer period.	0.68
Correlation (All Time) Calculated using the full available price history since Jun 22, 2021	0.67

The correlation between CHPS.TO and HBAL.TO has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.

Return for Risk

CHPS.TO vs. HBAL.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CHPS.TO

CHPS.TO Risk / Return Rank: 78
CHPS.TO Sharpe Ratio Rank: 79
CHPS.TO Sortino Ratio Rank: 69
CHPS.TO Omega Ratio Rank: 73
CHPS.TO Calmar Ratio Rank: 84
CHPS.TO Martin Ratio Rank: 85

HBAL.TO

HBAL.TO Risk / Return Rank: 81
HBAL.TO Sharpe Ratio Rank: 81
HBAL.TO Sortino Ratio Rank: 82
HBAL.TO Omega Ratio Rank: 82
HBAL.TO Calmar Ratio Rank: 78
HBAL.TO Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CHPS.TO vs. HBAL.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 Balanced Asset Allocation ETF (HBAL.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	HBAL.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.88	-0.03
Sortino ratio: Return per unit of downside risk	2.30	2.67	-0.37
Omega ratio: Gain probability vs. loss probability	1.31	1.35	-0.04
Calmar ratio: Return relative to maximum drawdown	3.20	2.79	+0.41
Martin ratio: Return relative to average drawdown	12.18	10.90	+1.28

CHPS.TO vs. HBAL.TO - Sharpe Ratio Comparison

The current CHPS.TO Sharpe Ratio is 1.85, which is comparable to the HBAL.TO Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of CHPS.TO and HBAL.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. HBAL.TO - Drawdown Comparison

The maximum CHPS.TO drawdown since its inception was -48.16%, which is greater than HBAL.TO's maximum drawdown of -22.49%. Use the drawdown chart below to compare losses from any high point for CHPS.TO and HBAL.TO.

Drawdown Indicators

	CHPS.TO	HBAL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-48.16%	-22.49%	-25.67%
Max Drawdown (1Y) Largest decline over 1 year	-22.71%	-5.80%	-16.91%
Max Drawdown (3Y) Largest decline over 3 years	-37.49%	-9.29%	-28.20%
Max Drawdown (5Y) Largest decline over 5 years	-48.16%	-22.11%	-26.05%
Current Drawdown Current decline from peak	-17.00%	-1.95%	-15.05%
Average Drawdown Average peak-to-trough decline	-13.75%	-4.47%	-9.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.96%	1.48%	+4.48%

Volatility

CHPS.TO vs. HBAL.TO - Volatility Comparison

Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) has a higher volatility of 14.23% compared to Global X Balanced Asset Allocation ETF (HBAL.TO) at 2.59%. This indicates that CHPS.TO's price experiences larger fluctuations and is considered to be riskier than HBAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHPS.TO	HBAL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.23%	2.59%	+11.64%
Volatility (6M) Calculated over the trailing 6-month period	33.34%	7.32%	+26.02%
Volatility (1Y) Calculated over the trailing 1-year period	39.46%	8.61%	+30.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.50%	10.49%	+25.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.33%	12.11%	+23.22%

CHPS.TO vs. HBAL.TO - Expense Ratio Comparison

CHPS.TO has a 0.63% expense ratio, which is higher than HBAL.TO's 0.20% expense ratio.

Dividends

CHPS.TO vs. HBAL.TO - Dividend Comparison

CHPS.TO's dividend yield for the trailing twelve months is around 0.01%, less than HBAL.TO's 2.29% 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%
HBAL.TO Global X Balanced Asset Allocation ETF	2.29%	2.41%	2.28%	0.87%	0.03%	0.06%	0.04%	0.19%

Frequently Asked Questions

Can I hold both CHPS.TO and HBAL.TO in my portfolio?

CHPS.TO and HBAL.TO have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CHPS.TO or HBAL.TO?

On fees, HBAL.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CHPS.TO or HBAL.TO?

HBAL.TO is cheaper with a 0.20% expense ratio, compared with 0.63% for CHPS.TO.

What is the main difference between CHPS.TO and HBAL.TO?

CHPS.TO is categorized as Artificial Intelligence, while HBAL.TO is Diversified Portfolio. Their fees differ too: 0.63% for CHPS.TO and 0.20% for HBAL.TO.