CHPS.TO vs. XFR.TO
CHPS.TO (Global X Artificial Intelligence Semiconductor Index ETF) and XFR.TO (iShares Floating Rate Index ETF) are both exchange-traded funds - CHPS.TO is a Semiconductors fund tracking the PHLX US AI Semiconductor Index, while XFR.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. Both are passively managed. Over the past 3 years, CHPS.TO returned 47.55%/yr vs 3.98%/yr for XFR.TO. At a 0.05 correlation, their price movements are largely independent. CHPS.TO charges 0.63%/yr vs 0.14%/yr for XFR.TO.
Performance
CHPS.TO vs. XFR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CHPS.TO achieves a 60.68% return, which is significantly higher than XFR.TO's 1.15% return.
CHPS.TO
- 1D
- 1.86%
- 1M
- 13.58%
- YTD
- 60.68%
- 6M
- 61.37%
- 1Y
- 123.06%
- 3Y*
- 47.55%
- 5Y*
- —
- 10Y*
- —
XFR.TO
- 1D
- 0.05%
- 1M
- 0.26%
- YTD
- 1.15%
- 6M
- 1.33%
- 1Y
- 3.02%
- 3Y*
- 3.98%
- 5Y*
- 3.24%
- 10Y*
- 2.26%
CHPS.TO vs. XFR.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% |
XFR.TO iShares Floating Rate Index ETF | 1.15% | 3.33% | 4.57% | 5.29% | 1.81% | 0.06% |
Correlation
The correlation between CHPS.TO and XFR.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2021 | 0.05 |
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Return for Risk
CHPS.TO vs. XFR.TO — Risk / Return Rank
CHPS.TO
XFR.TO
CHPS.TO vs. XFR.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 iShares Floating Rate Index ETF (XFR.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 | XFR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -3.22 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.98 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 9.12 | 29.79 | -20.67 |
| Martin ratioReturn relative to average drawdown | 26.48 | 90.21 | -63.73 |
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Drawdowns
CHPS.TO vs. XFR.TO - Drawdown Comparison
The maximum CHPS.TO drawdown since its inception was -48.16%, which is greater than XFR.TO's maximum drawdown of -4.12%. Use the drawdown chart below to compare losses from any high point for CHPS.TO and XFR.TO.
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Drawdown Indicators
| CHPS.TO | XFR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.16% | -4.12% | -44.04% |
Max Drawdown (1Y)Largest decline over 1 year | -13.35% | -0.10% | -13.25% |
Max Drawdown (3Y)Largest decline over 3 years | -37.49% | -0.30% | -37.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -4.12% | — |
Current DrawdownCurrent decline from peak | -3.22% | 0.00% | -3.22% |
Average DrawdownAverage peak-to-trough decline | -13.88% | -0.06% | -13.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 0.03% | +4.52% |
Volatility
CHPS.TO vs. XFR.TO - Volatility Comparison
Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) has a higher volatility of 15.67% compared to iShares Floating Rate Index ETF (XFR.TO) at 0.23%. This indicates that CHPS.TO's price experiences larger fluctuations and is considered to be riskier than XFR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHPS.TO | XFR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.67% | 0.23% | +15.44% |
Volatility (6M)Calculated over the trailing 6-month period | 27.93% | 0.47% | +27.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.16% | 0.72% | +33.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.50% | 0.85% | +33.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.50% | 1.86% | +32.64% |
CHPS.TO vs. XFR.TO - Expense Ratio Comparison
CHPS.TO has a 0.63% expense ratio, which is higher than XFR.TO's 0.14% expense ratio.
Dividends
CHPS.TO vs. XFR.TO - Dividend Comparison
CHPS.TO's dividend yield for the trailing twelve months is around 0.01%, less than XFR.TO's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XFR.TO iShares Floating Rate Index ETF | 2.77% | 3.23% | 4.93% | 4.91% | 1.84% | 0.30% | 1.07% | 1.99% | 1.64% | 0.92% | 0.65% | 0.95% |
Frequently Asked Questions
CHPS.TO and XFR.TO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XFR.TO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFR.TO is cheaper with a 0.14% expense ratio, compared with 0.63% for CHPS.TO.
CHPS.TO is categorized as Semiconductors, while XFR.TO is Canadian Government Bonds. CHPS.TO tracks PHLX US AI Semiconductor Index, while XFR.TO tracks Morningstar Can 1-5Y Core Bd GR CAD. They also come from different issuers: Global X and iShares. Their fees differ too: 0.63% for CHPS.TO and 0.14% for XFR.TO.
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