CHPX vs. SHLD

Last updated Jun 4, 2026

CHPX (Global X AI Semiconductor & Quantum ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - CHPX is a Semiconductors fund tracking the Global X AI Semiconductor & Quantum Index, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.

Performance

CHPX vs. SHLD - 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 Defense Tech ETF (SHLD). 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 SHLD's -2.28% return.

CHPX

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

SHLD

• 1D: -2.39%
• 1M: -7.01%
• YTD: -2.28%
• 6M: 1.71%
• 1Y: 9.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHPX vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025
CHPX Global X AI Semiconductor & Quantum ETF	99.68%	5.55%
SHLD Global X Defense Tech ETF	-2.28%	-7.40%

Correlation

The correlation between CHPX and SHLD is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.31

Return for Risk

CHPX vs. SHLD — Risk / Return Rank

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

SHLD

SHLD Risk / Return Rank: 15
SHLD Sharpe Ratio Rank: 14
SHLD Sortino Ratio Rank: 15
SHLD Omega Ratio Rank: 14
SHLD Calmar Ratio Rank: 14
SHLD Martin Ratio Rank: 15

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. SHLD - 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 Defense Tech ETF (SHLD). 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	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.40	2.00	+3.40

Drawdowns

CHPX vs. SHLD - Drawdown Comparison

The maximum CHPX drawdown since its inception was -15.15%, smaller than the maximum SHLD drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for CHPX and SHLD.

Drawdown Indicators

	CHPX	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-15.15%	-20.10%	+4.95%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.10%	—
Current Drawdown Current decline from peak	-0.03%	-18.85%	+18.82%
Average Drawdown Average peak-to-trough decline	-3.78%	-3.19%	-0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.51%	—

Volatility

Volatility by Period

	CHPX	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.29%	24.05%	+14.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.29%	21.13%	+17.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.29%	21.13%	+17.16%

CHPX vs. SHLD - Expense Ratio Comparison

Both CHPX and SHLD have an expense ratio of 0.50%.

Dividends

CHPX vs. SHLD - Dividend Comparison

CHPX's dividend yield for the trailing twelve months is around 0.03%, less than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023
CHPX Global X AI Semiconductor & Quantum ETF	0.03%	0.06%	0.00%	0.00%
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%

Frequently Asked Questions

Can I hold both CHPX and SHLD in my portfolio?

CHPX and SHLD have a correlation of 0.31, 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 SHLD?

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CHPX or SHLD?

CHPX and SHLD have the same expense ratio: 0.50% per year.

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

SHLD has the higher dividend yield at 0.56%, compared with 0.03% for CHPX.

What is the main difference between CHPX and SHLD?

CHPX is categorized as Semiconductors, while SHLD is Aerospace & Defense. CHPX tracks Global X AI Semiconductor & Quantum Index, while SHLD tracks Global X Defense Tech Index.