CHPS vs. TRSY

Last updated Jun 23, 2026

CHPS (Xtrackers Semiconductor Select Equity ETF) and TRSY (Xtrackers US 0-1 Year Treasury ETF) are both exchange-traded funds - CHPS is a Semiconductors fund tracking the Solactive Semiconductor ESG Screened Index, while TRSY is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past year, CHPS returned 231.91% vs 3.90% for TRSY. At a correlation of -0.07, they often move in opposite directions. CHPS charges 0.15%/yr vs 0.06%/yr for TRSY.

Performance

CHPS vs. TRSY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Semiconductor Select Equity ETF (CHPS) and Xtrackers US 0-1 Year Treasury ETF (TRSY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHPS achieves a 127.70% return, which is significantly higher than TRSY's 1.63% return.

CHPS

• 1D: 2.67%
• 1M: 25.08%
• YTD: 127.70%
• 6M: 129.64%
• 1Y: 231.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TRSY

• 1D: 0.03%
• 1M: 0.27%
• YTD: 1.63%
• 6M: 1.75%
• 1Y: 3.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHPS vs. TRSY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CHPS Xtrackers Semiconductor Select Equity ETF	127.70%	58.47%	-7.18%
TRSY Xtrackers US 0-1 Year Treasury ETF	1.63%	4.22%	1.49%

Correlation

The correlation between CHPS and TRSY is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Oct 9, 2024	-0.07

Return for Risk

CHPS vs. TRSY — Risk / Return Rank

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

CHPS

CHPS Risk / Return Rank: 97
CHPS Sharpe Ratio Rank: 99
CHPS Sortino Ratio Rank: 96
CHPS Omega Ratio Rank: 96
CHPS Calmar Ratio Rank: 98
CHPS Martin Ratio Rank: 98

TRSY

TRSY Risk / Return Rank: 99
TRSY Sharpe Ratio Rank: 99
TRSY Sortino Ratio Rank: 99
TRSY Omega Ratio Rank: 99
TRSY Calmar Ratio Rank: 99
TRSY Martin Ratio Rank: 100

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. TRSY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Semiconductor Select Equity ETF (CHPS) and Xtrackers US 0-1 Year Treasury ETF (TRSY). 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	TRSY	Difference
Sharpe ratio: Return per unit of total volatility	6.03	10.13	-4.09
Sortino ratio: Return per unit of downside risk	5.43	26.09	-20.66
Omega ratio: Gain probability vs. loss probability	1.75	6.18	-4.43
Calmar ratio: Return relative to maximum drawdown	13.35	59.08	-45.74
Martin ratio: Return relative to average drawdown	49.59	356.66	-307.07

CHPS vs. TRSY - Sharpe Ratio Comparison

The current CHPS Sharpe Ratio is 6.03, which is lower than the TRSY Sharpe Ratio of 10.13. The chart below compares the historical Sharpe Ratios of CHPS and TRSY, 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. TRSY - Drawdown Comparison

The maximum CHPS drawdown since its inception was -39.44%, which is greater than TRSY's maximum drawdown of -0.82%. Use the drawdown chart below to compare losses from any high point for CHPS and TRSY.

Drawdown Indicators

	CHPS	TRSY	Difference
Max Drawdown Largest peak-to-trough decline	-39.44%	-0.82%	-38.62%
Max Drawdown (1Y) Largest decline over 1 year	-17.50%	-0.07%	-17.43%
Current Drawdown Current decline from peak	0.00%	-0.02%	+0.02%
Average Drawdown Average peak-to-trough decline	-9.08%	-0.06%	-9.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.70%	0.01%	+4.69%

Volatility

CHPS vs. TRSY - Volatility Comparison

Xtrackers Semiconductor Select Equity ETF (CHPS) has a higher volatility of 20.16% compared to Xtrackers US 0-1 Year Treasury ETF (TRSY) at 0.12%. This indicates that CHPS's price experiences larger fluctuations and is considered to be riskier than TRSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHPS	TRSY	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.16%	0.12%	+20.04%
Volatility (6M) Calculated over the trailing 6-month period	32.86%	0.24%	+32.62%
Volatility (1Y) Calculated over the trailing 1-year period	38.78%	0.39%	+38.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.16%	1.10%	+34.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.16%	1.10%	+34.06%

CHPS vs. TRSY - Expense Ratio Comparison

CHPS has a 0.15% expense ratio, which is higher than TRSY's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CHPS vs. TRSY - Dividend Comparison

CHPS's dividend yield for the trailing twelve months is around 0.29%, less than TRSY's 3.72% yield.

Position	TTM	2025	2024	2023
CHPS Xtrackers Semiconductor Select Equity ETF	0.29%	0.68%	1.75%	0.36%
TRSY Xtrackers US 0-1 Year Treasury ETF	3.72%	4.00%	0.96%	0.00%

Frequently Asked Questions

Can I hold both CHPS and TRSY in my portfolio?

CHPS and TRSY have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHPS or TRSY?

CHPS has higher volatility (20.16%) compared to TRSY (0.12%). In terms of maximum drawdown, CHPS dropped -39.44% vs TRSY's -0.82%.

Which ETF is better, CHPS or TRSY?

On 1-year performance, CHPS leads with 231.91% vs 3.90% for TRSY. On fees, TRSY is cheaper at 0.06% per year. On volatility, TRSY has been the lower-risk option at 0.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHPS or TRSY?

Over the 1-year period, CHPS has performed better with a 231.91% return vs 3.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHPS or TRSY?

TRSY is cheaper with a 0.06% expense ratio, compared with 0.15% for CHPS.

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

TRSY has the higher dividend yield at 3.72%, compared with 0.29% for CHPS.

What is the main difference between CHPS and TRSY?

CHPS is categorized as Semiconductors, while TRSY is Government Bonds. CHPS tracks Solactive Semiconductor ESG Screened Index, while TRSY tracks ICE U.S. Treasury Short Bond Index. Their fees differ too: 0.15% for CHPS and 0.06% for TRSY.

Which has better risk-adjusted returns?

TRSY currently has the higher Sharpe Ratio (10.13 vs 6.03), 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.