CHPS.TO vs. HXH.TO

Last updated Jun 14, 2026

CHPS.TO (Global X Artificial Intelligence Semiconductor Index ETF) and HXH.TO (Global X Canadian High Dividend Index Corporate Class ETF) are both exchange-traded funds - CHPS.TO is a Semiconductors fund tracking the PHLX US AI Semiconductor Index, while HXH.TO is a Canada Equities fund tracking the Solactive Canadian High Dividend Yield Index. Both are passively managed. Over the past 3 years, CHPS.TO returned 47.55%/yr vs 21.90%/yr for HXH.TO. At a 0.25 correlation, their price movements are largely independent. CHPS.TO charges 0.63%/yr vs 0.11%/yr for HXH.TO.

Performance

CHPS.TO vs. HXH.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 Canadian High Dividend Index Corporate Class ETF (HXH.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 60.68% return, which is significantly higher than HXH.TO's 22.45% return.

CHPS.TO

• 1D: 1.86%
• 1M: 13.58%
• YTD: 60.68%
• 6M: 61.37%
• 1Y: 123.06%
• 3Y*: 47.55%
• 5Y*: —
• 10Y*: —

HXH.TO

• 1D: 0.49%
• 1M: 4.48%
• YTD: 22.45%
• 6M: 23.40%
• 1Y: 42.83%
• 3Y*: 21.90%
• 5Y*: 16.47%
• 10Y*: 12.10%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
CHPS.TO Global X Artificial Intelligence Semiconductor Index ETF	60.68%	45.93%	20.38%	68.20%	-37.86%	23.13%
HXH.TO Global X Canadian High Dividend Index Corporate Class ETF	22.45%	25.86%	15.24%	6.33%	5.00%	8.14%

Correlation

The correlation between CHPS.TO and HXH.TO is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jun 22, 2021	0.25

Over the past year, the correlation between CHPS.TO and HXH.TO has dropped to 0.05 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.

CHPS.TO vs. HXH.TO - Sectors Allocation Comparison

Sectors	CHPS.TO	HXH.TO
Technology	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	32.3%
Utilities	-	-

Return for Risk

CHPS.TO vs. HXH.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: 94
CHPS.TO Sharpe Ratio Rank: 96
CHPS.TO Sortino Ratio Rank: 91
CHPS.TO Omega Ratio Rank: 91
CHPS.TO Calmar Ratio Rank: 97
CHPS.TO Martin Ratio Rank: 95

HXH.TO

HXH.TO Risk / Return Rank: 98
HXH.TO Sharpe Ratio Rank: 98
HXH.TO Sortino Ratio Rank: 98
HXH.TO Omega Ratio Rank: 98
HXH.TO Calmar Ratio Rank: 99
HXH.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. HXH.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 Canadian High Dividend Index Corporate Class ETF (HXH.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	HXH.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.56	5.30	-1.73
Sortino ratio: Return per unit of downside risk	3.81	7.97	-4.15
Omega ratio: Gain probability vs. loss probability	1.53	2.14	-0.61
Calmar ratio: Return relative to maximum drawdown	9.12	17.31	-8.19
Martin ratio: Return relative to average drawdown	26.48	53.84	-27.36

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

The current CHPS.TO Sharpe Ratio is 3.56, which is lower than the HXH.TO Sharpe Ratio of 5.30. The chart below compares the historical Sharpe Ratios of CHPS.TO and HXH.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. HXH.TO - Drawdown Comparison

The maximum CHPS.TO drawdown since its inception was -48.16%, which is greater than HXH.TO's maximum drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for CHPS.TO and HXH.TO.

Drawdown Indicators

	CHPS.TO	HXH.TO	Difference
Max Drawdown Largest peak-to-trough decline	-48.16%	-40.80%	-7.36%
Max Drawdown (1Y) Largest decline over 1 year	-13.35%	-2.52%	-10.83%
Max Drawdown (3Y) Largest decline over 3 years	-37.49%	-10.55%	-26.94%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.80%	—
Current Drawdown Current decline from peak	-3.22%	0.00%	-3.22%
Average Drawdown Average peak-to-trough decline	-13.88%	-4.85%	-9.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.55%	0.81%	+3.74%

Volatility

CHPS.TO vs. HXH.TO - Volatility Comparison

Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) has a higher volatility of 15.67% compared to Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) at 2.78%. This indicates that CHPS.TO's price experiences larger fluctuations and is considered to be riskier than HXH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHPS.TO	HXH.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.67%	2.78%	+12.89%
Volatility (6M) Calculated over the trailing 6-month period	27.93%	6.77%	+21.16%
Volatility (1Y) Calculated over the trailing 1-year period	34.16%	8.25%	+25.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.50%	12.20%	+22.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.50%	16.06%	+18.44%

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

CHPS.TO has a 0.63% expense ratio, which is higher than HXH.TO's 0.11% expense ratio.

Dividends

CHPS.TO vs. HXH.TO - Dividend Comparison

CHPS.TO's dividend yield for the trailing twelve months is around 0.01%, while HXH.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
CHPS.TO Global X Artificial Intelligence Semiconductor Index ETF	0.01%	0.01%	0.20%	0.53%	0.97%	0.01%
HXH.TO Global X Canadian High Dividend Index Corporate Class ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

CHPS.TO and HXH.TO have a correlation of 0.05, 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 HXH.TO?

On fees, HXH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

HXH.TO is cheaper with a 0.11% expense ratio, compared with 0.63% for CHPS.TO.

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

CHPS.TO is categorized as Semiconductors, while HXH.TO is Canada Equities. CHPS.TO tracks PHLX US AI Semiconductor Index, while HXH.TO tracks Solactive Canadian High Dividend Yield Index. Their fees differ too: 0.63% for CHPS.TO and 0.11% for HXH.TO.