CHPX vs. SPY

Last updated Jun 4, 2026

CHPX (Global X AI Semiconductor & Quantum ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - CHPX is a Semiconductors fund tracking the Global X AI Semiconductor & Quantum Index, while SPY is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. A 0.77 correlation means they provide meaningful diversification when combined. CHPX charges 0.50%/yr vs 0.09%/yr for SPY.

Performance

CHPX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X AI Semiconductor & Quantum ETF (CHPX) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHPX achieves a 99.68% return, which is significantly higher than SPY's 10.91% return.

CHPX

• 1D: -0.03%
• 1M: 34.93%
• YTD: 99.68%
• 6M: 95.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPY

• 1D: -0.70%
• 1M: 5.05%
• YTD: 10.91%
• 6M: 10.91%
• 1Y: 27.98%
• 3Y*: 22.35%
• 5Y*: 13.83%
• 10Y*: 15.49%

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

CHPX vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025
CHPX Global X AI Semiconductor & Quantum ETF	99.68%	5.55%
SPY State Street SPDR S&P 500 ETF	10.91%	2.32%

Correlation

The correlation between CHPX and SPY is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.77

Return for Risk

CHPX vs. SPY — Risk / Return Rank

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

SPY

SPY Risk / Return Rank: 70
SPY Sharpe Ratio Rank: 71
SPY Sortino Ratio Rank: 69
SPY Omega Ratio Rank: 70
SPY Calmar Ratio Rank: 62
SPY Martin Ratio Rank: 75

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. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X AI Semiconductor & Quantum ETF (CHPX) and State Street SPDR S&P 500 ETF (SPY). 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	SPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.38	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.40	0.59	+4.81

Drawdowns

CHPX vs. SPY - Drawdown Comparison

The maximum CHPX drawdown since its inception was -15.15%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CHPX and SPY.

Drawdown Indicators

	CHPX	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-15.15%	-55.19%	+40.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.88%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-0.03%	-0.70%	+0.67%
Average Drawdown Average peak-to-trough decline	-3.78%	-9.05%	+5.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.91%	—

Volatility

Volatility by Period

	CHPX	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.29%	11.83%	+26.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.29%	17.05%	+21.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.29%	17.94%	+20.35%

CHPX vs. SPY - Expense Ratio Comparison

CHPX has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

CHPX vs. SPY - Dividend Comparison

CHPX's dividend yield for the trailing twelve months is around 0.03%, less than SPY's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
SPY State Street SPDR S&P 500 ETF	0.98%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both CHPX and SPY in my portfolio?

CHPX and SPY have a correlation of 0.77, 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 SPY?

On fees, SPY is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CHPX or SPY?

SPY is cheaper with a 0.09% expense ratio, compared with 0.50% for CHPX.

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

SPY has the higher dividend yield at 0.98%, compared with 0.03% for CHPX.

What is the main difference between CHPX and SPY?

CHPX is categorized as Semiconductors, while SPY is S&P 500. CHPX tracks Global X AI Semiconductor & Quantum Index, while SPY tracks S&P 500 Index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.50% for CHPX and 0.09% for SPY.