CHPX vs. SOXL

Last updated Jun 5, 2026

CHPX (Global X AI Semiconductor & Quantum ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both exchange-traded funds - CHPX is a Semiconductors fund tracking the Global X AI Semiconductor & Quantum Index, while SOXL is a Leveraged Equities fund tracking the ICE Semiconductor Index. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. CHPX charges 0.50%/yr vs 0.75%/yr for SOXL.

Performance

CHPX vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X AI Semiconductor & Quantum ETF (CHPX) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHPX achieves a 94.06% return, which is significantly lower than SOXL's 525.03% return.

CHPX

• 1D: -2.82%
• 1M: 25.89%
• YTD: 94.06%
• 6M: 90.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: -6.36%
• 1M: 82.23%
• YTD: 525.03%
• 6M: 481.71%
• 1Y: 1,280.87%
• 3Y*: 133.82%
• 5Y*: 46.78%
• 10Y*: 64.43%

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

CHPX vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
CHPX Global X AI Semiconductor & Quantum ETF	94.06%	5.55%
SOXL Direxion Daily Semiconductor Bull 3X ETF	525.03%	14.03%

Correlation

The correlation between CHPX and SOXL is 0.90, 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	0.90

Return for Risk

CHPX vs. SOXL — Risk / Return Rank

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

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 95
SOXL Omega Ratio Rank: 94
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 99

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. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X AI Semiconductor & Quantum ETF (CHPX) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	12.69	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.44	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.00	0.51	+4.49

Drawdowns

CHPX vs. SOXL - Drawdown Comparison

The maximum CHPX drawdown since its inception was -15.15%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for CHPX and SOXL.

Drawdown Indicators

	CHPX	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-15.15%	-90.46%	+75.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-87.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-2.84%	-6.36%	+3.52%
Average Drawdown Average peak-to-trough decline	-3.77%	-35.01%	+31.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.66%	—

Volatility

Volatility by Period

	CHPX	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	41.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	81.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.38%	102.16%	-63.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.38%	107.25%	-68.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.38%	99.05%	-60.67%

CHPX vs. SOXL - Expense Ratio Comparison

CHPX has a 0.50% expense ratio, which is lower than SOXL's 0.75% expense ratio.

Dividends

CHPX vs. SOXL - Dividend Comparison

CHPX's dividend yield for the trailing twelve months is around 0.03%, which matches SOXL's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.03%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both CHPX and SOXL in my portfolio?

CHPX and SOXL have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CHPX or SOXL?

On fees, CHPX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CHPX or SOXL?

CHPX is cheaper with a 0.50% expense ratio, compared with 0.75% for SOXL.

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

CHPX and SOXL have nearly identical dividend yields, around 0.03%.

What is the main difference between CHPX and SOXL?

CHPX is categorized as Semiconductors, while SOXL is Leveraged Equities. CHPX tracks Global X AI Semiconductor & Quantum Index, while SOXL tracks ICE Semiconductor Index. They also come from different issuers: Global X and Direxion. Their fees differ too: 0.50% for CHPX and 0.75% for SOXL.