CHPX vs. FMTM

Last updated Jun 4, 2026

CHPX (Global X AI Semiconductor & Quantum ETF) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both exchange-traded funds - CHPX is a Semiconductors fund tracking the Global X AI Semiconductor & Quantum Index, while FMTM is a Momentum fund. CHPX is passively managed, while FMTM is actively managed. A 0.73 correlation means they provide meaningful diversification when combined. CHPX charges 0.50%/yr vs 0.45%/yr for FMTM.

Performance

CHPX vs. FMTM - Performance Comparison

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

Returns By Period

In the year-to-date period, CHPX achieves a 99.68% return, which is significantly higher than FMTM's 31.75% return.

CHPX

• 1D: -0.03%
• 1M: 34.93%
• YTD: 99.68%
• 6M: 95.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FMTM

• 1D: 0.50%
• 1M: 6.28%
• YTD: 31.75%
• 6M: 34.74%
• 1Y: 63.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHPX vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
CHPX Global X AI Semiconductor & Quantum ETF	99.68%	5.55%
FMTM MarketDesk Focused U.S. Momentum ETF	31.75%	6.69%

Correlation

The correlation between CHPX and FMTM is 0.73, 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 2, 2025	0.73

Return for Risk

CHPX vs. FMTM — Risk / Return Rank

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

FMTM

FMTM Risk / Return Rank: 82
FMTM Sharpe Ratio Rank: 84
FMTM Sortino Ratio Rank: 74
FMTM Omega Ratio Rank: 76
FMTM Calmar Ratio Rank: 88
FMTM Martin Ratio Rank: 89

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. FMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X AI Semiconductor & Quantum ETF (CHPX) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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.

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

Sharpe Ratios by Period

	CHPX	FMTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.40	2.38	+3.01

Drawdowns

CHPX vs. FMTM - Drawdown Comparison

The maximum CHPX drawdown since its inception was -15.15%, which is greater than FMTM's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for CHPX and FMTM.

Drawdown Indicators

	CHPX	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-15.15%	-12.12%	-3.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.12%	—
Current Drawdown Current decline from peak	-0.03%	0.00%	-0.03%
Average Drawdown Average peak-to-trough decline	-3.78%	-1.89%	-1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.10%	—

Volatility

Volatility by Period

	CHPX	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.29%	22.82%	+15.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.29%	22.94%	+15.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.29%	22.94%	+15.35%

CHPX vs. FMTM - Expense Ratio Comparison

CHPX has a 0.50% expense ratio, which is higher than FMTM's 0.45% expense ratio.

Dividends

CHPX vs. FMTM - Dividend Comparison

CHPX's dividend yield for the trailing twelve months is around 0.03%, less than FMTM's 0.22% yield.

Position	TTM	2025
CHPX Global X AI Semiconductor & Quantum ETF	0.03%	0.06%
FMTM MarketDesk Focused U.S. Momentum ETF	0.22%	0.30%

Frequently Asked Questions

Can I hold both CHPX and FMTM in my portfolio?

CHPX and FMTM have a correlation of 0.73, 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 FMTM?

On fees, FMTM is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CHPX or FMTM?

FMTM is cheaper with a 0.45% expense ratio, compared with 0.50% for CHPX.

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

FMTM has the higher dividend yield at 0.22%, compared with 0.03% for CHPX.

What is the main difference between CHPX and FMTM?

CHPX is categorized as Semiconductors, while FMTM is Momentum. Their fees differ too: 0.50% for CHPX and 0.45% for FMTM.