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CHPS.TO vs. IEMG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CHPS.TO vs. IEMG

Last updated Aug 4, 2026
Documentation

CHPS.TO (Global X Artificial Intelligence Semiconductor Index ETF) and IEMG (iShares Core MSCI Emerging Markets ETF) are both exchange-traded funds - CHPS.TO is a Artificial Intelligence fund tracking the PHLX US AI Semiconductor Index, while IEMG is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index (USD) (Net). Both are passively managed. Over the past 5 years, CHPS.TO returned 25.57%/yr vs 9.51%/yr for IEMG. Their 0.60 correlation means they have sometimes moved together and sometimes differently. CHPS.TO charges 0.63%/yr vs 0.09%/yr for IEMG.

Performance

CHPS.TO vs. IEMG - 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 iShares Core MSCI Emerging Markets ETF (IEMG). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CHPS.TO is traded in CAD, while IEMG is traded in USD. To make them comparable, the IEMG 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 44.43% return, which is significantly higher than IEMG's 19.93% 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%

IEMG

1D
0.72%
1M
-3.51%
6M
11.17%
YTD
19.93%
1Y
35.32%
3Y*
20.99%
5Y*
9.51%
10Y*
9.51%
ALL TIME*
8.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

CHPS.TO

Global X Artificial Intelligence Semiconductor Index ETF
CA$6.23MCA$6.24MCA$7.42M

IEMG

iShares Core MSCI Emerging Markets ETF
CA$1.17BCA$1.36BCA$1.53B

CHPS.TO vs. IEMG - Yearly Performance Comparison

2026 (YTD)20252024202320222021
CHPS.TO
Global X Artificial Intelligence Semiconductor Index ETF		44.43%45.93%20.38%68.20%-37.86%23.13%
IEMG
iShares Core MSCI Emerging Markets ETF		19.93%26.51%15.51%8.87%-14.91%-5.30%

Correlation

The correlation between CHPS.TO and IEMG 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.

0.61

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.61

Correlation (All Time)
Calculated using the full available price history since Jun 22, 2021

0.60

The correlation between CHPS.TO and IEMG shifts across timeframes, from 0.60 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.

CHPS.TO vs. IEMG - Sectors Allocation Comparison

Sectors
CHPS.TO
IEMG

Technology

100.0%
43.6%

Basic Materials

-

5.8%

Communication Services

-

5.6%

Consumer Cyclical

-

7.7%

Consumer Defensive

-

2.8%

Energy

-

3.0%

Financial Services

-

17.3%

Healthcare

-

3.2%

Industrials

-

7.7%

Real Estate

-

1.5%

Utilities

-

1.9%

Technology

CHPS.TO
100.0%
IEMG
43.6%

Basic Materials

CHPS.TO

-

IEMG
5.8%

Communication Services

CHPS.TO

-

IEMG
5.6%

Consumer Cyclical

CHPS.TO

-

IEMG
7.7%

Consumer Defensive

CHPS.TO

-

IEMG
2.8%

Energy

CHPS.TO

-

IEMG
3.0%

Financial Services

CHPS.TO

-

IEMG
17.3%

Healthcare

CHPS.TO

-

IEMG
3.2%

Industrials

CHPS.TO

-

IEMG
7.7%

Real Estate

CHPS.TO

-

IEMG
1.5%

Utilities

CHPS.TO

-

IEMG
1.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Artificial Intelligence Semiconductor Index ETF

iShares Core MSCI Emerging Markets ETF

Often compared with CHPS.TO:
CHPS.TO vs. SMHCHPS.TO vs. XCHP.TOCHPS.TO vs. CHPSCHPS.TO vs. CHPS-U.TOCHPS.TO vs. XEQT.TOCHPS.TO vs. QQC.TOCHPS.TO vs. CIAI.TO
Often compared with IEMG:
IEMG vs. VWOIEMG vs. EEMIEMG vs. IEFAIEMG vs. EMXCIEMG vs. SCHEIEMG vs. IXUSIEMG vs. SPY

Return for Risk

CHPS.TO vs. IEMG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
CHPS.TO
CHPS.TO Risk / Return Rank: 7878
Overall Rank
CHPS.TO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
CHPS.TO Sortino Ratio Rank: 6969
Sortino Ratio Rank
CHPS.TO Omega Ratio Rank: 7373
Omega Ratio Rank
CHPS.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
CHPS.TO Martin Ratio Rank: 8585
Martin Ratio Rank
IEMG
IEMG Risk / Return Rank: 6262
Overall Rank
IEMG Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
IEMG Sortino Ratio Rank: 5555
Sortino Ratio Rank
IEMG Omega Ratio Rank: 6363
Omega Ratio Rank
IEMG Calmar Ratio Rank: 7070
Calmar Ratio Rank
IEMG Martin Ratio Rank: 6161
Martin Ratio Rank
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. IEMG - 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 iShares Core MSCI Emerging Markets ETF (IEMG). 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.TOIEMGDifference
Sharpe ratioReturn per unit of total volatility
1.85
1.48

+0.37

Sortino ratioReturn per unit of downside risk
2.30
2.01

+0.28

Omega ratioGain probability vs. loss probability

1.31

1.28

+0.03

Calmar ratioReturn relative to maximum drawdown

3.20

2.50

+0.70

Martin ratioReturn relative to average drawdown

12.18

7.87

+4.31

CHPS.TO vs. IEMG - Sharpe Ratio Comparison

The current CHPS.TO Sharpe Ratio is 1.85, which is comparable to the IEMG Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of CHPS.TO and IEMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CHPS.TO vs. IEMG - Drawdown Comparison

The maximum CHPS.TO drawdown since its inception was -48.16%, which is greater than IEMG's maximum drawdown of -32.50%. Use the drawdown chart below to compare losses from any high point for CHPS.TO and IEMG.

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Drawdown Indicators

CHPS.TOIEMGDifference

Max Drawdown

Largest peak-to-trough decline

-48.16%

-32.50%

-15.66%

Max Drawdown (1Y)

Largest decline over 1 year

-22.71%

-14.19%

-8.52%

Max Drawdown (3Y)

Largest decline over 3 years

-37.49%

-15.44%

-22.05%

Max Drawdown (5Y)

Largest decline over 5 years

-48.16%

-27.79%

-20.37%

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.50%

—

Current Drawdown

Current decline from peak

-17.00%

-10.15%

-6.85%

Average Drawdown

Average peak-to-trough decline

-13.75%

-9.06%

-4.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.96%

4.50%

+1.46%

Volatility

CHPS.TO vs. IEMG - Volatility Comparison

Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) has a higher volatility of 14.23% compared to iShares Core MSCI Emerging Markets ETF (IEMG) at 8.56%. This indicates that CHPS.TO's price experiences larger fluctuations and is considered to be riskier than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CHPS.TOIEMGDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.23%

8.56%

+5.67%

Volatility (6M)

Calculated over the trailing 6-month period

33.34%

21.86%

+11.48%

Volatility (1Y)

Calculated over the trailing 1-year period

39.46%

24.01%

+15.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.50%

20.18%

+15.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

35.33%

21.38%

+13.95%

CHPS.TO vs. IEMG - Expense Ratio Comparison

CHPS.TO has a 0.63% expense ratio, which is higher than IEMG's 0.09% expense ratio.

Dividends

CHPS.TO vs. IEMG - Dividend Comparison

CHPS.TO's dividend yield for the trailing twelve months is around 0.01%, less than IEMG's 2.30% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%0.00%0.00%
IEMG
iShares Core MSCI Emerging Markets ETF		2.30%2.75%3.20%2.89%2.71%3.06%1.87%3.15%2.76%2.35%2.28%2.53%

Frequently Asked Questions

CHPS.TO and IEMG 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.

On fees, IEMG is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IEMG is cheaper with a 0.09% expense ratio, compared with 0.63% for CHPS.TO.

CHPS.TO is categorized as Artificial Intelligence, while IEMG is Emerging Markets Equities. CHPS.TO tracks PHLX US AI Semiconductor Index, while IEMG tracks MSCI Emerging Markets Investable Market Index (USD) (Net). They also come from different issuers: Global X and iShares. Their fees differ too: 0.63% for CHPS.TO and 0.09% for IEMG.

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