CHPX vs. SOXL
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 0.92 suggests significant overlap in exposure. CHPX charges 0.50%/yr vs 0.75%/yr for SOXL.
Performance
CHPX vs. SOXL - Performance Comparison
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Returns By Period
In the year-to-date period, CHPX achieves a 73.85% return, which is significantly lower than SOXL's 293.46% return.
CHPX
- 1D
- -4.77%
- 1M
- -5.97%
- 6M
- 61.64%
- YTD
- 73.85%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXL
- 1D
- -13.99%
- 1M
- -29.53%
- 6M
- 202.60%
- YTD
- 293.46%
- 1Y
- 506.15%
- 3Y*
- 85.89%
- 5Y*
- 32.23%
- 10Y*
- 56.08%
CHPX vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CHPX Global X AI Semiconductor & Quantum ETF | 73.85% | 6.91% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 293.46% | 20.64% |
Correlation
The correlation between CHPX and SOXL 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 1, 2025 | 0.92 |
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Return for Risk
CHPX vs. SOXL — Risk / Return Rank
CHPX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXL
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.
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 | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.43 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 11.33 | — |
| Martin ratioReturn relative to average drawdown | — | 32.97 | — |
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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.
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Drawdown Indicators
| CHPX | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.15% | -90.46% | +75.31% |
Max Drawdown (1Y)Largest decline over 1 year | — | -45.05% | — |
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 DrawdownCurrent decline from peak | -14.33% | -45.02% | +30.69% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -34.94% | +30.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 15.45% | — |
Volatility
CHPX vs. SOXL - Volatility Comparison
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Volatility by Period
| CHPX | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 65.64% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 108.34% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.72% | 123.98% | -80.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.72% | 111.84% | -68.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.72% | 101.32% | -57.60% |
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%, more than SOXL's 0.01% 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 | 0.01% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Frequently Asked Questions
With a correlation of 0.92, CHPX and SOXL 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, CHPX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CHPX is cheaper with a 0.50% expense ratio, compared with 0.75% for SOXL.
CHPX has the higher dividend yield at 0.03%, compared with 0.01% for 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.
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