CHPX vs. SMHX
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
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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*
- —
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 |
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Return for Risk
CHPX vs. SMHX — Risk / Return Rank
CHPX
SMHX
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.
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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.
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Drawdown Indicators
| CHPX | SMHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.15% | -38.53% | +23.38% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.06% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -7.35% | +3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.05% | — |
Volatility
CHPX vs. SMHX - Volatility Comparison
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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
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.
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.
SMHX is cheaper with a 0.35% expense ratio, compared with 0.50% for CHPX.
CHPX has the higher dividend yield at 0.03%, compared with 0.01% for 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.
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