CHPX vs. SMHX

Last updated Jun 3, 2026

CHPX (Global X AI Semiconductor & Quantum ETF) and SMHX (VanEck Fabless Semiconductor ETF) are both Semiconductors funds - CHPX tracks the Global X AI Semiconductor & Quantum Index while SMHX tracks the MarketVector™ US Listed Fabless Semiconductor Index. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. CHPX charges 0.50%/yr vs 0.35%/yr for SMHX.

Performance

CHPX vs. SMHX - Performance Comparison

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

Returns By Period

In the year-to-date period, CHPX achieves a 99.74% return, which is significantly higher than SMHX's 76.78% return.

CHPX

• 1D: 3.45%
• 1M: 35.81%
• YTD: 99.74%
• 6M: 96.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMHX

• 1D: 5.94%
• 1M: 31.13%
• YTD: 76.78%
• 6M: 74.71%
• 1Y: 143.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHPX vs. SMHX - Yearly Performance Comparison

	2026 (YTD)	2025
CHPX Global X AI Semiconductor & Quantum ETF	99.74%	5.55%
SMHX VanEck Fabless Semiconductor ETF	76.78%	-1.04%

Correlation

The correlation between CHPX and SMHX is 0.91, 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	0.91

Return for Risk

CHPX vs. SMHX — Risk / Return Rank

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

SMHX

SMHX Risk / Return Rank: 94
SMHX Sharpe Ratio Rank: 96
SMHX Sortino Ratio Rank: 92
SMHX Omega Ratio Rank: 91
SMHX Calmar Ratio Rank: 95
SMHX Martin Ratio Rank: 93

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. SMHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X AI Semiconductor & Quantum ETF (CHPX) and VanEck Fabless Semiconductor ETF (SMHX). 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	SMHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.44	1.92	+3.51

Drawdowns

CHPX vs. SMHX - Drawdown Comparison

The maximum CHPX drawdown since its inception was -15.15%, smaller than the maximum SMHX drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for CHPX and SMHX.

Drawdown Indicators

	CHPX	SMHX	Difference
Max Drawdown Largest peak-to-trough decline	-15.15%	-38.53%	+23.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.06%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.80%	-7.35%	+3.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.05%	—

Volatility

Volatility by Period

	CHPX	SMHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.40%	32.72%	+5.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.40%	40.01%	-1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.40%	40.01%	-1.61%

CHPX vs. SMHX - Expense Ratio Comparison

CHPX has a 0.50% expense ratio, which is higher than SMHX's 0.35% expense ratio.

Dividends

CHPX vs. SMHX - Dividend Comparison

CHPX's dividend yield for the trailing twelve months is around 0.03%, more than SMHX's 0.01% yield.

Position	TTM	2025	2024
CHPX Global X AI Semiconductor & Quantum ETF	0.03%	0.06%	0.00%
SMHX VanEck Fabless Semiconductor ETF	0.01%	0.02%	0.04%

Frequently Asked Questions

Can I hold both CHPX and SMHX in my portfolio?

With a correlation of 0.91, CHPX and SMHX 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 SMHX?

On fees, SMHX 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 SMHX?

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

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

CHPX has the higher dividend yield at 0.03%, compared with 0.01% for SMHX.

What is the main difference between CHPX and SMHX?

CHPX tracks Global X AI Semiconductor & Quantum Index, while SMHX tracks MarketVector™ US Listed Fabless Semiconductor Index. They also come from different issuers: Global X and VanEck. Their fees differ too: 0.50% for CHPX and 0.35% for SMHX.