CHPX vs. SMH

Last updated Jun 4, 2026

CHPX (Global X AI Semiconductor & Quantum ETF) and SMH (VanEck Semiconductor ETF) are both Semiconductors funds - CHPX tracks the Global X AI Semiconductor & Quantum Index while SMH tracks the MVIS US Listed Semiconductor 25 Index. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. CHPX charges 0.50%/yr vs 0.35%/yr for SMH.

Performance

CHPX vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X AI Semiconductor & Quantum ETF (CHPX) and VanEck Semiconductor ETF (SMH). 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 SMH's 77.13% return.

CHPX

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

SMH

• 1D: 0.90%
• 1M: 25.87%
• YTD: 77.13%
• 6M: 75.61%
• 1Y: 157.20%
• 3Y*: 64.17%
• 5Y*: 39.21%
• 10Y*: 37.68%

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

CHPX vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025
CHPX Global X AI Semiconductor & Quantum ETF	99.68%	5.55%
SMH VanEck Semiconductor ETF	77.13%	8.26%

Correlation

The correlation between CHPX and SMH is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.92

Return for Risk

CHPX vs. SMH — Risk / Return Rank

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

SMH

SMH Risk / Return Rank: 96
SMH Sharpe Ratio Rank: 98
SMH Sortino Ratio Rank: 95
SMH Omega Ratio Rank: 95
SMH Calmar Ratio Rank: 97
SMH Martin Ratio Rank: 96

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. 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.

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

Sharpe Ratios by Period

	CHPX	SMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.19	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.13	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.40	0.34	+5.06

Drawdowns

CHPX vs. SMH - Drawdown Comparison

The maximum CHPX drawdown since its inception was -15.15%, 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.

Drawdown Indicators

	CHPX	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-15.15%	-84.96%	+69.81%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.93%	—
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 Drawdown Current decline from peak	-0.03%	0.00%	-0.03%
Average Drawdown Average peak-to-trough decline	-3.78%	-41.09%	+37.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.89%	—

Volatility

Volatility by Period

	CHPX	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.29%	30.56%	+7.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.29%	35.01%	+3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.29%	32.57%	+5.72%

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 0.03%, less than SMH's 0.17% 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%
SMH VanEck Semiconductor ETF	0.17%	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

Can I hold both CHPX and SMH in my portfolio?

With a correlation of 0.92, 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.

Which ETF is better, CHPX or SMH?

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.

Which ETF is cheaper, CHPX or SMH?

SMH is cheaper with a 0.35% expense ratio, compared with 0.50% for CHPX.

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

SMH has the higher dividend yield at 0.17%, compared with 0.03% for CHPX.

What is the main difference between CHPX and SMH?

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.