CHPX vs. SMH
CHPX (Global X AI Semiconductor & Quantum ETF) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - CHPX is a Artificial Intelligence fund tracking the Global X AI Semiconductor & Quantum Index, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Both are passively managed. Their correlation of 0.94 means they have usually moved in the same direction. CHPX charges 0.50%/yr vs 0.35%/yr for SMH.
Performance
CHPX vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, CHPX achieves a 60.49% return, which is significantly higher than SMH's 50.09% return.
CHPX
- 1D
- 0.65%
- 1M
- -8.69%
- 6M
- 45.81%
- YTD
- 60.49%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SMH
- 1D
- 0.30%
- 1M
- -8.74%
- 6M
- 33.97%
- YTD
- 50.09%
- 1Y
- 90.95%
- 3Y*
- 50.56%
- 5Y*
- 33.46%
- 10Y*
- 34.16%
- ALL TIME*
- 11.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.80M | $5.31M | $11.57M | |
| $8.28B | $7.64B | $7.07B |
CHPX vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CHPX Global X AI Semiconductor & Quantum ETF | 60.49% | 6.91% |
SMH VanEck Semiconductor ETF | 50.09% | 10.69% |
Correlation
The correlation between CHPX and SMH is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.94 |
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Return for Risk
CHPX vs. SMH — Risk / Return Rank
CHPX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SMH
CHPX vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X AI Semiconductor & Quantum ETF (CHPX) and VanEck Semiconductor ETF (SMH). 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 | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.58 | — |
| Martin ratioReturn relative to average drawdown | — | 14.64 | — |
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Drawdowns
CHPX vs. SMH - Drawdown Comparison
The maximum CHPX drawdown since its inception was -27.10%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for CHPX and SMH.
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Drawdown Indicators
| CHPX | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.10% | -84.96% | +57.86% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.62% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.30% | — |
Current DrawdownCurrent decline from peak | -20.92% | -19.19% | -1.73% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -40.89% | +35.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.01% | — |
Volatility
CHPX vs. SMH - Volatility Comparison
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Volatility by Period
| CHPX | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.13% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 44.96% | 38.57% | +6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.96% | 36.50% | +8.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.96% | 33.32% | +11.64% |
CHPX vs. SMH - Expense Ratio Comparison
CHPX has a 0.50% expense ratio, which is higher than SMH's 0.35% expense ratio.
Dividends
CHPX vs. SMH - Dividend Comparison
CHPX's dividend yield for the trailing twelve months is around 0.04%, less than SMH's 0.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHPX Global X AI Semiconductor & Quantum ETF | 0.04% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Semiconductor ETF | 0.20% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Frequently Asked Questions
With a correlation of 0.94, CHPX and SMH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SMH is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMH is cheaper with a 0.35% expense ratio, compared with 0.50% for CHPX.
SMH has the higher dividend yield at 0.20%, compared with 0.04% for CHPX.
CHPX is categorized as Artificial Intelligence, while SMH is Semiconductors. CHPX tracks Global X AI Semiconductor & Quantum Index, while SMH tracks MVIS US Listed Semiconductor 25 Index. They also come from different issuers: Global X and VanEck. Their fees differ too: 0.50% for CHPX and 0.35% for SMH.
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