CHPX vs. SMHX
CHPX (Global X AI Semiconductor & Quantum ETF) and SMHX (VanEck Fabless Semiconductor ETF) are both exchange-traded funds - CHPX is a Artificial Intelligence fund tracking the Global X AI Semiconductor & Quantum Index, while SMHX is a Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index. Both are passively managed. Their correlation of 0.92 means they have usually moved in the same direction. 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 60.49% return, which is significantly higher than SMHX's 44.20% return.
CHPX
- 1D
- 0.65%
- 1M
- -8.69%
- 6M
- 45.81%
- YTD
- 60.49%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SMHX
- 1D
- 1.69%
- 1M
- -6.50%
- 6M
- 40.29%
- YTD
- 44.20%
- 1Y
- 64.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 49.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.80M | $5.31M | $11.57M | |
| $4.68M | $6.01M | $8.35M |
CHPX vs. SMHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CHPX Global X AI Semiconductor & Quantum ETF | 60.49% | 6.91% |
SMHX VanEck Fabless Semiconductor ETF | 44.20% | -0.63% |
Correlation
The correlation between CHPX and SMHX is 0.92, 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 | 0.92 |
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Return for Risk
CHPX vs. SMHX — Risk / Return Rank
CHPX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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 | SMHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.46 | — |
| Martin ratioReturn relative to average drawdown | — | 7.67 | — |
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Drawdowns
CHPX vs. SMHX - Drawdown Comparison
The maximum CHPX drawdown since its inception was -27.10%, 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 | -27.10% | -38.53% | +11.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.93% | — |
Current DrawdownCurrent decline from peak | -20.92% | -19.19% | -1.73% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -7.72% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.99% | — |
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 | — | 14.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.37% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 44.96% | 39.65% | +5.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.96% | 42.00% | +2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.96% | 42.00% | +2.96% |
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 0.04%, more than SMHX's 0.02% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CHPX Global X AI Semiconductor & Quantum ETF | 0.04% | 0.06% | 0.00% |
SMHX VanEck Fabless Semiconductor ETF | 0.02% | 0.02% | 0.04% |
Frequently Asked Questions
With a correlation of 0.92, 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 0.04%, compared with 0.02% for SMHX.
CHPX is categorized as Artificial Intelligence, while SMHX is Semiconductors. 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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