CHPX vs. CAOS

Last updated Aug 2, 2026

CHPX (Global X AI Semiconductor & Quantum ETF) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - CHPX is a Artificial Intelligence fund tracking the Global X AI Semiconductor & Quantum Index, while CAOS is a Options Trading fund actively managed by Alpha Architect. CHPX is passively managed, while CAOS is actively managed. Their -0.35 correlation means they have often moved in opposite directions in the past. CHPX charges 0.50%/yr vs 0.63%/yr for CAOS.

Performance

CHPX vs. CAOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X AI Semiconductor & Quantum ETF (CHPX) and Alpha Architect Tail Risk ETF (CAOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHPX achieves a 60.49% return, which is significantly higher than CAOS's 0.76% return.

CHPX

• 1D: 0.65%
• 1M: -8.69%
• 6M: 45.81%
• YTD: 60.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

CAOS

• 1D: -0.06%
• 1M: -0.01%
• 6M: 0.16%
• YTD: 0.76%
• 1Y: 1.73%
• 3Y*: 3.48%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.70%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CAOS Alpha Architect Tail Risk ETF	$6.81M	$5.39M	$5.09M
CHPX Global X AI Semiconductor & Quantum ETF	$4.80M	$5.31M	$11.57M

CHPX vs. CAOS - Yearly Performance Comparison

	2026 (YTD)	2025
CHPX Global X AI Semiconductor & Quantum ETF	60.49%	6.91%
CAOS Alpha Architect Tail Risk ETF	0.76%	0.27%

Correlation

The correlation between CHPX and CAOS is -0.35, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	-0.35

Return for Risk

CHPX vs. CAOS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CHPX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CAOS

CAOS Risk / Return Rank: 56
CAOS Sharpe Ratio Rank: 49
CAOS Sortino Ratio Rank: 55
CAOS Omega Ratio Rank: 54
CAOS Calmar Ratio Rank: 72
CAOS Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CHPX vs. CAOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X AI Semiconductor & Quantum ETF (CHPX) and Alpha Architect Tail Risk ETF (CAOS). 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.

	CHPX	CAOS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.19	—
Sortino ratio: Return per unit of downside risk	—	1.89	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	2.47	—
Martin ratio: Return relative to average drawdown	—	5.45	—

Drawdowns

CHPX vs. CAOS - Drawdown Comparison

The maximum CHPX drawdown since its inception was -27.10%, which is greater than CAOS's maximum drawdown of -3.89%. Use the drawdown chart below to compare losses from any high point for CHPX and CAOS.

Drawdown Indicators

	CHPX	CAOS	Difference
Max Drawdown Largest peak-to-trough decline	-27.10%	-3.89%	-23.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.76%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.60%	—
Current Drawdown Current decline from peak	-20.92%	-1.13%	-19.79%
Average Drawdown Average peak-to-trough decline	-5.30%	-0.92%	-4.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.34%	—

Volatility

Volatility by Period

	CHPX	CAOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	44.96%	1.57%	+43.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.96%	4.18%	+40.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.96%	4.18%	+40.78%

CHPX vs. CAOS - Expense Ratio Comparison

CHPX has a 0.50% expense ratio, which is lower than CAOS's 0.63% expense ratio.

Dividends

CHPX vs. CAOS - Dividend Comparison

CHPX's dividend yield for the trailing twelve months is around 0.04%, while CAOS has not paid dividends to shareholders.

Position	TTM	2025
CAOS Alpha Architect Tail Risk ETF	0.00%	0.00%
CHPX Global X AI Semiconductor & Quantum ETF	0.04%	0.06%

Frequently Asked Questions

Can I hold both CHPX and CAOS in my portfolio?

CHPX and CAOS have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CHPX or CAOS?

On fees, CHPX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CHPX or CAOS?

CHPX is cheaper with a 0.50% expense ratio, compared with 0.63% for CAOS.

Which ETF pays a higher dividend yield, CHPX or CAOS?

CHPX has the higher dividend yield at 0.04%, compared with 0.00% for CAOS.

What is the main difference between CHPX and CAOS?

CHPX is categorized as Artificial Intelligence, while CAOS is Options Trading. They also come from different issuers: Global X and Alpha Architect. Their fees differ too: 0.50% for CHPX and 0.63% for CAOS.