CHPS vs. SOXL

Last updated Jul 15, 2026

CHPS (Xtrackers Semiconductor Select Equity ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both exchange-traded funds - CHPS is a Semiconductors fund tracking the Solactive Semiconductor ESG Screened Index, while SOXL is a Leveraged Equities fund tracking the ICE Semiconductor Index. Both are passively managed. Over the past 3 years, CHPS returned 54.34%/yr vs 90.03%/yr for SOXL. With a 0.97 correlation, they move nearly in lockstep. CHPS charges 0.15%/yr vs 0.75%/yr for SOXL.

Performance

CHPS vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Semiconductor Select Equity ETF (CHPS) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHPS achieves a 92.17% return, which is significantly lower than SOXL's 320.32% return.

CHPS

• 1D: 2.67%
• 1M: -5.95%
• 6M: 72.81%
• YTD: 92.17%
• 1Y: 156.63%
• 3Y*: 54.34%
• 5Y*: —
• 10Y*: —

SOXL

• 1D: 6.83%
• 1M: -24.72%
• 6M: 215.07%
• YTD: 320.32%
• 1Y: 566.84%
• 3Y*: 90.03%
• 5Y*: 35.80%
• 10Y*: 57.12%

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

CHPS vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CHPS Xtrackers Semiconductor Select Equity ETF	92.17%	58.47%	7.75%	10.88%
SOXL Direxion Daily Semiconductor Bull 3X ETF	320.32%	54.91%	-12.31%	22.70%

Correlation

The correlation between CHPS and SOXL 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	0.97
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.97

The correlation between CHPS and SOXL has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

CHPS vs. SOXL - Sectors Allocation Comparison

Sectors	CHPS	SOXL
Technology	99.6%	100.0%
Energy	0.6%	-
Industrials	0.4%	-
Financial Services	0.2%	-
Communication Services	0.0%	-
Consumer Cyclical	0.0%	-
Consumer Defensive	0.0%	-
Basic Materials	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

CHPS vs. SOXL — Risk / Return Rank

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

CHPS

CHPS Risk / Return Rank: 95
CHPS Sharpe Ratio Rank: 97
CHPS Sortino Ratio Rank: 93
CHPS Omega Ratio Rank: 93
CHPS Calmar Ratio Rank: 97
CHPS Martin Ratio Rank: 96

SOXL

SOXL Risk / Return Rank: 94
SOXL Sharpe Ratio Rank: 98
SOXL Sortino Ratio Rank: 88
SOXL Omega Ratio Rank: 90
SOXL Calmar Ratio Rank: 98
SOXL Martin Ratio Rank: 97

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. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Semiconductor Select Equity ETF (CHPS) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	3.68	4.62	-0.94
Sortino ratio: Return per unit of downside risk	3.67	3.20	+0.47
Omega ratio: Gain probability vs. loss probability	1.50	1.45	+0.06
Calmar ratio: Return relative to maximum drawdown	8.85	12.70	-3.84
Martin ratio: Return relative to average drawdown	28.22	36.42	-8.20

CHPS vs. SOXL - Sharpe Ratio Comparison

The current CHPS Sharpe Ratio is 3.68, which is comparable to the SOXL Sharpe Ratio of 4.62. The chart below compares the historical Sharpe Ratios of CHPS and SOXL, 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 vs. SOXL - Drawdown Comparison

The maximum CHPS drawdown since its inception was -39.44%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for CHPS and SOXL.

Drawdown Indicators

	CHPS	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-39.44%	-90.46%	+51.02%
Max Drawdown (1Y) Largest decline over 1 year	-17.80%	-45.05%	+27.25%
Max Drawdown (3Y) Largest decline over 3 years	-39.44%	-87.88%	+48.44%
Max Drawdown (5Y) Largest decline over 5 years	—	-90.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-15.60%	-41.26%	+25.66%
Average Drawdown Average peak-to-trough decline	-9.13%	-34.94%	+25.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.57%	15.67%	-10.10%

Volatility

CHPS vs. SOXL - Volatility Comparison

The current volatility for Xtrackers Semiconductor Select Equity ETF (CHPS) is 21.97%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 62.00%. This indicates that CHPS experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHPS	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.97%	62.00%	-40.03%
Volatility (6M) Calculated over the trailing 6-month period	37.59%	108.24%	-70.65%
Volatility (1Y) Calculated over the trailing 1-year period	42.83%	123.87%	-81.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.45%	111.87%	-75.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.45%	101.35%	-64.90%

CHPS vs. SOXL - Expense Ratio Comparison

CHPS has a 0.15% expense ratio, which is lower than SOXL's 0.75% expense ratio.

Dividends

CHPS vs. SOXL - Dividend Comparison

CHPS's dividend yield for the trailing twelve months is around 0.34%, more than SOXL's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CHPS Xtrackers Semiconductor Select Equity ETF	0.34%	0.68%	1.75%	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.01%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both CHPS and SOXL in my portfolio?

With a correlation of 0.97, CHPS and SOXL 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.

Which is riskier, CHPS or SOXL?

SOXL has higher volatility (62.00%) compared to CHPS (21.97%). In terms of maximum drawdown, CHPS dropped -39.44% vs SOXL's -90.46%.

Which ETF is better, CHPS or SOXL?

On 3-year performance, SOXL leads with 90.03% vs 54.34% for CHPS. On fees, CHPS is cheaper at 0.15% per year. On volatility, CHPS has been the lower-risk option at 21.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHPS or SOXL?

Over the 3-year period, SOXL has performed better with a 90.03% return vs 54.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHPS or SOXL?

CHPS is cheaper with a 0.15% expense ratio, compared with 0.75% for SOXL.

Which ETF pays a higher dividend yield, CHPS or SOXL?

CHPS has the higher dividend yield at 0.34%, compared with 0.01% for SOXL.

What is the main difference between CHPS and SOXL?

CHPS is categorized as Semiconductors, while SOXL is Leveraged Equities. CHPS tracks Solactive Semiconductor ESG Screened Index, while SOXL tracks ICE Semiconductor Index. They also come from different issuers: Xtrackers and Direxion. Their fees differ too: 0.15% for CHPS and 0.75% for SOXL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (4.62 vs 3.68), 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.