CHPX vs. DAX

Last updated Jun 24, 2026

CHPX (Global X AI Semiconductor & Quantum ETF) and DAX (Global X DAX Germany ETF) are both exchange-traded funds - CHPX is a Semiconductors fund tracking the Global X AI Semiconductor & Quantum Index, while DAX is a Europe Equities fund tracking the DAX Index. Both are passively managed. A 0.56 correlation means they provide meaningful diversification when combined. CHPX charges 0.50%/yr vs 0.20%/yr for DAX.

Performance

CHPX vs. DAX - Performance Comparison

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

Returns By Period

In the year-to-date period, CHPX achieves a 88.06% return, which is significantly higher than DAX's -1.81% return.

CHPX

• 1D: -7.33%
• 1M: 8.43%
• YTD: 88.06%
• 6M: 88.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DAX

• 1D: -1.06%
• 1M: -1.26%
• YTD: -1.81%
• 6M: -1.55%
• 1Y: 3.85%
• 3Y*: 17.16%
• 5Y*: 8.06%
• 10Y*: 9.68%

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

CHPX vs. DAX - Yearly Performance Comparison

	2026 (YTD)	2025
CHPX Global X AI Semiconductor & Quantum ETF	88.06%	6.91%
DAX Global X DAX Germany ETF	-1.81%	2.14%

Correlation

The correlation between CHPX and DAX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.56

Return for Risk

CHPX vs. DAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

DAX

DAX Risk / Return Rank: 11
DAX Sharpe Ratio Rank: 11
DAX Sortino Ratio Rank: 11
DAX Omega Ratio Rank: 11
DAX Calmar Ratio Rank: 11
DAX Martin Ratio Rank: 12

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.

CHPX vs. DAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X AI Semiconductor & Quantum ETF (CHPX) and Global X DAX Germany ETF (DAX). 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	DAX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.22	—
Sortino ratio: Return per unit of downside risk	—	0.43	—
Omega ratio: Gain probability vs. loss probability	—	1.05	—
Calmar ratio: Return relative to maximum drawdown	—	0.26	—
Martin ratio: Return relative to average drawdown	—	0.80	—

Drawdowns

CHPX vs. DAX - Drawdown Comparison

The maximum CHPX drawdown since its inception was -15.15%, smaller than the maximum DAX drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for CHPX and DAX.

Drawdown Indicators

	CHPX	DAX	Difference
Max Drawdown Largest peak-to-trough decline	-15.15%	-45.58%	+30.43%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.82%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.03%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.92%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.58%	—
Current Drawdown Current decline from peak	-7.33%	-5.73%	-1.60%
Average Drawdown Average peak-to-trough decline	-3.96%	-10.48%	+6.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.82%	—

Volatility

Volatility by Period

	CHPX	DAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	42.69%	17.98%	+24.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.69%	20.43%	+22.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.69%	20.98%	+21.71%

CHPX vs. DAX - Expense Ratio Comparison

CHPX has a 0.50% expense ratio, which is higher than DAX's 0.20% expense ratio.

Dividends

CHPX vs. DAX - Dividend Comparison

CHPX's dividend yield for the trailing twelve months is around 0.03%, less than DAX's 1.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHPX Global X AI Semiconductor & Quantum ETF	0.03%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DAX Global X DAX Germany ETF	1.50%	1.47%	2.24%	2.48%	2.80%	2.65%	2.25%	2.47%	3.33%	1.73%	1.78%	1.41%

Frequently Asked Questions

Can I hold both CHPX and DAX in my portfolio?

CHPX and DAX have a correlation of 0.56, 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 DAX?

On fees, DAX is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CHPX or DAX?

DAX is cheaper with a 0.20% expense ratio, compared with 0.50% for CHPX.

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

DAX has the higher dividend yield at 1.50%, compared with 0.03% for CHPX.

What is the main difference between CHPX and DAX?

CHPX is categorized as Semiconductors, while DAX is Europe Equities. CHPX tracks Global X AI Semiconductor & Quantum Index, while DAX tracks DAX Index. Their fees differ too: 0.50% for CHPX and 0.20% for DAX.