CHPX vs. USD

Last updated Jun 5, 2026

CHPX (Global X AI Semiconductor & Quantum ETF) and USD (ProShares Ultra Semiconductors) are both exchange-traded funds - CHPX is a Semiconductors fund tracking the Global X AI Semiconductor & Quantum Index, while USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Their correlation of 0.86 suggests significant overlap in exposure. CHPX charges 0.50%/yr vs 0.95%/yr for USD.

Performance

CHPX vs. USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X AI Semiconductor & Quantum ETF (CHPX) and ProShares Ultra Semiconductors (USD). 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 USD's 103.32% return.

CHPX

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

USD

• 1D: -4.99%
• 1M: 31.62%
• YTD: 103.32%
• 6M: 97.79%
• 1Y: 250.81%
• 3Y*: 125.78%
• 5Y*: 67.80%
• 10Y*: 61.24%

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

CHPX vs. USD - Yearly Performance Comparison

	2026 (YTD)	2025
CHPX Global X AI Semiconductor & Quantum ETF	94.06%	5.55%
USD ProShares Ultra Semiconductors	103.32%	3.88%

Correlation

The correlation between CHPX and USD is 0.86, 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	0.86

Return for Risk

CHPX vs. USD — Risk / Return Rank

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

USD

USD Risk / Return Rank: 89
USD Sharpe Ratio Rank: 96
USD Sortino Ratio Rank: 82
USD Omega Ratio Rank: 81
USD Calmar Ratio Rank: 95
USD Martin Ratio Rank: 92

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. USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X AI Semiconductor & Quantum ETF (CHPX) and ProShares Ultra Semiconductors (USD). 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	USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.12	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.89	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.00	0.49	+4.51

Drawdowns

CHPX vs. USD - Drawdown Comparison

The maximum CHPX drawdown since its inception was -15.15%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for CHPX and USD.

Drawdown Indicators

	CHPX	USD	Difference
Max Drawdown Largest peak-to-trough decline	-15.15%	-88.63%	+73.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.80%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-64.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-77.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.85%	—
Current Drawdown Current decline from peak	-2.84%	-6.07%	+3.23%
Average Drawdown Average peak-to-trough decline	-3.77%	-32.35%	+28.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.98%	—

Volatility

Volatility by Period

	CHPX	USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.38%	61.28%	-22.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.38%	76.56%	-38.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.38%	69.24%	-30.86%

CHPX vs. USD - Expense Ratio Comparison

CHPX has a 0.50% expense ratio, which is lower than USD's 0.95% expense ratio.

Dividends

CHPX vs. USD - Dividend Comparison

CHPX's dividend yield for the trailing twelve months is around 0.03%, less than USD's 0.23% 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%
USD ProShares Ultra Semiconductors	0.23%	0.39%	0.10%	0.05%	0.30%	0.00%	0.14%	0.72%	0.93%	0.32%	0.46%	0.39%

Frequently Asked Questions

Can I hold both CHPX and USD in my portfolio?

CHPX and USD have a correlation of 0.86, 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 USD?

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 USD?

CHPX is cheaper with a 0.50% expense ratio, compared with 0.95% for USD.

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

USD has the higher dividend yield at 0.23%, compared with 0.03% for CHPX.

What is the main difference between CHPX and USD?

CHPX is categorized as Semiconductors, while USD is Leveraged Equities. CHPX tracks Global X AI Semiconductor & Quantum Index, while USD tracks Dow Jones U.S. Semiconductors Index (200%). They also come from different issuers: Global X and ProShares. Their fees differ too: 0.50% for CHPX and 0.95% for USD.