CHPS vs. SMHX

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers Semiconductor Select Equity ETF (CHPS) and VanEck Fabless Semiconductor ETF (SMHX).

CHPS and SMHX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CHPS is a passively managed fund by Xtrackers that tracks the performance of the Solactive Semiconductor ESG Screened Index - Benchmark TR Gross. It was launched on Jul 12, 2023. SMHX is a passively managed fund by VanEck that tracks the performance of the MarketVector™ US Listed Fabless Semiconductor Index. It was launched on Aug 27, 2024. Both CHPS and SMHX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CHPS vs. SMHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Semiconductor Select Equity ETF (CHPS) and VanEck Fabless Semiconductor ETF (SMHX). The values are adjusted to include any dividend payments, if applicable.

CHPS vs. SMHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CHPS Xtrackers Semiconductor Select Equity ETF	15.56%	58.47%	-6.17%
SMHX VanEck Fabless Semiconductor ETF	-0.32%	30.00%	17.76%

Returns By Period

In the year-to-date period, CHPS achieves a 15.56% return, which is significantly higher than SMHX's -0.32% return.

CHPS

• 1D: 2.99%
• 1M: -5.73%
• YTD: 15.56%
• 6M: 33.65%
• 1Y: 100.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMHX

• 1D: 1.86%
• 1M: -2.70%
• YTD: -0.32%
• 6M: -1.36%
• 1Y: 60.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHPS vs. SMHX - Expense Ratio Comparison

CHPS has a 0.15% expense ratio, which is lower than SMHX's 0.35% expense ratio.

SMHX

VanEck Fabless Semiconductor ETF

CHPS

Xtrackers Semiconductor Select Equity ETF

Return for Risk

CHPS vs. SMHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CHPS

CHPS Risk / Return Rank: 96
CHPS Sharpe Ratio Rank: 96
CHPS Sortino Ratio Rank: 95
CHPS Omega Ratio Rank: 94
CHPS Calmar Ratio Rank: 98
CHPS Martin Ratio Rank: 97

SMHX

SMHX Risk / Return Rank: 83
SMHX Sharpe Ratio Rank: 80
SMHX Sortino Ratio Rank: 82
SMHX Omega Ratio Rank: 77
SMHX Calmar Ratio Rank: 93
SMHX Martin Ratio Rank: 82

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 vs. SMHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Semiconductor Select Equity ETF (CHPS) and VanEck Fabless Semiconductor ETF (SMHX). 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.

	CHPS	SMHX	Difference
Sharpe ratio Return per unit of total volatility	2.68	1.55	+1.13
Sortino ratio Return per unit of downside risk	3.21	2.19	+1.02
Omega ratio Gain probability vs. loss probability	1.44	1.30	+0.14
Calmar ratio Return relative to maximum drawdown	5.78	3.56	+2.22
Martin ratio Return relative to average drawdown	20.15	9.59	+10.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHPS vs. SMHX - Sharpe Ratio Comparison

The current CHPS Sharpe Ratio is 2.68, which is higher than the SMHX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of CHPS and SMHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CHPS	SMHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	1.55	+1.13
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	0.77	+0.25

Correlation

The correlation between CHPS and SMHX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CHPS vs. SMHX - Dividend Comparison

CHPS's dividend yield for the trailing twelve months is around 0.58%, more than SMHX's 0.02% yield.

	TTM	2025	2024	2023
CHPS Xtrackers Semiconductor Select Equity ETF	0.58%	0.68%	1.75%	0.36%
SMHX VanEck Fabless Semiconductor ETF	0.02%	0.02%	0.04%	0.00%

Drawdowns

CHPS vs. SMHX - Drawdown Comparison

The maximum CHPS drawdown since its inception was -39.44%, roughly equal to the maximum SMHX drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for CHPS and SMHX.

Drawdown Indicators

	CHPS	SMHX	Difference
Max Drawdown Largest peak-to-trough decline	-39.44%	-38.53%	-0.91%
Max Drawdown (1Y) Largest decline over 1 year	-17.50%	-17.51%	+0.01%
Current Drawdown Current decline from peak	-10.07%	-10.19%	+0.12%
Average Drawdown Average peak-to-trough decline	-9.63%	-7.94%	-1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.02%	6.50%	-1.48%

Volatility

CHPS vs. SMHX - Volatility Comparison

Xtrackers Semiconductor Select Equity ETF (CHPS) has a higher volatility of 13.34% compared to VanEck Fabless Semiconductor ETF (SMHX) at 11.28%. This indicates that CHPS's price experiences larger fluctuations and is considered to be riskier than SMHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHPS	SMHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.34%	11.28%	+2.06%
Volatility (6M) Calculated over the trailing 6-month period	26.34%	24.45%	+1.89%
Volatility (1Y) Calculated over the trailing 1-year period	37.76%	39.40%	-1.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.82%	39.80%	-6.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.82%	39.80%	-6.98%