CHPS vs. ^SOX
CHPS (Xtrackers Semiconductor Select Equity ETF) is Semiconductors fund tracking the Solactive Semiconductor ESG Screened Index, while ^SOX (PHLX Semiconductor Index) is an index. Over the past 3 years, CHPS returned 54.34%/yr vs 50.02%/yr for ^SOX. With a 0.96 correlation, they move nearly in lockstep.
Performance
CHPS vs. ^SOX - Performance Comparison
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Returns By Period
In the year-to-date period, CHPS achieves a 92.17% return, which is significantly higher than ^SOX's 78.76% return.
CHPS
- 1D
- 2.67%
- 1M
- -5.95%
- 6M
- 72.81%
- YTD
- 92.17%
- 1Y
- 156.63%
- 3Y*
- 54.34%
- 5Y*
- —
- 10Y*
- —
^SOX
- 1D
- 2.54%
- 1M
- -5.31%
- 6M
- 63.42%
- YTD
- 78.76%
- 1Y
- 124.24%
- 3Y*
- 50.02%
- 5Y*
- 31.52%
- 10Y*
- 33.14%
CHPS vs. ^SOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CHPS Xtrackers Semiconductor Select Equity ETF | 92.17% | 58.47% | 7.75% | 10.88% |
^SOX PHLX Semiconductor Index | 78.76% | 42.23% | 19.27% | 12.20% |
Correlation
The correlation between CHPS and ^SOX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023 | 0.96 |
The correlation between CHPS and ^SOX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
CHPS vs. ^SOX — Risk / Return Rank
CHPS
^SOX
CHPS vs. ^SOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Semiconductor Select Equity ETF (CHPS) and PHLX Semiconductor Index (^SOX). 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 | ^SOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.44 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 8.85 | 7.83 | +1.02 |
| Martin ratioReturn relative to average drawdown | 28.22 | 24.48 | +3.74 |
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Drawdowns
CHPS vs. ^SOX - Drawdown Comparison
The maximum CHPS drawdown since its inception was -39.44%, smaller than the maximum ^SOX drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for CHPS and ^SOX.
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Drawdown Indicators
| CHPS | ^SOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.44% | -87.15% | +47.71% |
Max Drawdown (1Y)Largest decline over 1 year | -17.80% | -15.95% | -1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -39.44% | -39.66% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.47% | — |
Current DrawdownCurrent decline from peak | -15.60% | -13.48% | -2.12% |
Average DrawdownAverage peak-to-trough decline | -9.13% | -39.37% | +30.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.57% | 5.09% | +0.48% |
Volatility
CHPS vs. ^SOX - Volatility Comparison
Xtrackers Semiconductor Select Equity ETF (CHPS) has a higher volatility of 21.97% compared to PHLX Semiconductor Index (^SOX) at 20.28%. This indicates that CHPS's price experiences larger fluctuations and is considered to be riskier than ^SOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHPS | ^SOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.97% | 20.28% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 37.59% | 35.39% | +2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.83% | 41.37% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.45% | 37.98% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.45% | 34.65% | +1.80% |
Frequently Asked Questions
With a correlation of 0.97, CHPS and ^SOX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CHPS has higher volatility (21.97%) compared to ^SOX (20.28%). In terms of maximum drawdown, CHPS dropped -39.44% vs ^SOX's -87.15%.
CHPS currently has the higher Sharpe Ratio (3.68 vs 3.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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