CTEX vs. CHPS

Last updated Jun 24, 2026

CTEX (ProShares S&P Kensho Cleantech ETF) and CHPS (Xtrackers Semiconductor Select Equity ETF) are both exchange-traded funds - CTEX is a Alternative Energy Equities fund tracking the S&P Kensho Cleantech Index, while CHPS is a Semiconductors fund tracking the Solactive Semiconductor ESG Screened Index. Both are passively managed. Over the past year, CTEX returned 116.42% vs 199.74% for CHPS. A 0.59 correlation means they provide meaningful diversification when combined. CTEX charges 0.58%/yr vs 0.15%/yr for CHPS.

Performance

CTEX vs. CHPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P Kensho Cleantech ETF (CTEX) and Xtrackers Semiconductor Select Equity ETF (CHPS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CTEX achieves a 20.77% return, which is significantly lower than CHPS's 107.68% return.

CTEX

• 1D: -6.36%
• 1M: -8.02%
• YTD: 20.77%
• 6M: 16.43%
• 1Y: 116.42%
• 3Y*: 11.07%
• 5Y*: —
• 10Y*: —

CHPS

• 1D: -8.79%
• 1M: 14.08%
• YTD: 107.68%
• 6M: 109.36%
• 1Y: 199.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CTEX vs. CHPS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CTEX ProShares S&P Kensho Cleantech ETF	20.77%	67.74%	-20.38%	-21.49%
CHPS Xtrackers Semiconductor Select Equity ETF	107.68%	58.47%	7.75%	10.88%

Correlation

The correlation between CTEX and CHPS is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.59

The correlation between CTEX and CHPS has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.

CTEX vs. CHPS - Sectors Allocation Comparison

Sectors	CTEX	CHPS
Industrials	38.2%	0.4%
Energy	36.3%	0.6%
Utilities	16.5%	-
Technology	6.1%	99.6%
Consumer Cyclical	2.6%	0.0%
Basic Materials	-	-
Communication Services	-	0.0%
Consumer Defensive	-	0.0%
Financial Services	-	0.2%
Healthcare	-	-
Real Estate	-	-

Return for Risk

CTEX vs. CHPS — Risk / Return Rank

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

CTEX

CTEX Risk / Return Rank: 79
CTEX Sharpe Ratio Rank: 87
CTEX Sortino Ratio Rank: 71
CTEX Omega Ratio Rank: 69
CTEX Calmar Ratio Rank: 90
CTEX Martin Ratio Rank: 77

CHPS

CHPS Risk / Return Rank: 96
CHPS Sharpe Ratio Rank: 98
CHPS Sortino Ratio Rank: 94
CHPS Omega Ratio Rank: 94
CHPS Calmar Ratio Rank: 98
CHPS Martin Ratio Rank: 97

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.

CTEX vs. CHPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Kensho Cleantech ETF (CTEX) and Xtrackers Semiconductor Select Equity ETF (CHPS). 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.

	CTEX	CHPS	Difference
Sharpe ratio: Return per unit of total volatility	2.65	5.05	-2.40
Sortino ratio: Return per unit of downside risk	2.98	4.70	-1.72
Omega ratio: Gain probability vs. loss probability	1.38	1.66	-0.28
Calmar ratio: Return relative to maximum drawdown	5.35	11.49	-6.15
Martin ratio: Return relative to average drawdown	13.69	42.41	-28.71

CTEX vs. CHPS - Sharpe Ratio Comparison

The current CTEX Sharpe Ratio is 2.65, which is lower than the CHPS Sharpe Ratio of 5.05. The chart below compares the historical Sharpe Ratios of CTEX and CHPS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CTEX vs. CHPS - Drawdown Comparison

The maximum CTEX drawdown since its inception was -70.31%, which is greater than CHPS's maximum drawdown of -39.44%. Use the drawdown chart below to compare losses from any high point for CTEX and CHPS.

Drawdown Indicators

	CTEX	CHPS	Difference
Max Drawdown Largest peak-to-trough decline	-70.31%	-39.44%	-30.87%
Max Drawdown (1Y) Largest decline over 1 year	-21.90%	-17.50%	-4.40%
Max Drawdown (3Y) Largest decline over 3 years	-56.83%	—	—
Current Drawdown Current decline from peak	-17.23%	-8.79%	-8.44%
Average Drawdown Average peak-to-trough decline	-41.61%	-9.08%	-32.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.53%	4.73%	+3.80%

Volatility

CTEX vs. CHPS - Volatility Comparison

The current volatility for ProShares S&P Kensho Cleantech ETF (CTEX) is 19.24%, while Xtrackers Semiconductor Select Equity ETF (CHPS) has a volatility of 22.65%. This indicates that CTEX experiences smaller price fluctuations and is considered to be less risky than CHPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CTEX	CHPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.24%	22.65%	-3.41%
Volatility (6M) Calculated over the trailing 6-month period	32.48%	34.27%	-1.79%
Volatility (1Y) Calculated over the trailing 1-year period	44.17%	39.81%	+4.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.59%	35.53%	+8.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.59%	35.53%	+8.06%

CTEX vs. CHPS - Expense Ratio Comparison

CTEX has a 0.58% expense ratio, which is higher than CHPS's 0.15% expense ratio.

Dividends

CTEX vs. CHPS - Dividend Comparison

CTEX's dividend yield for the trailing twelve months is around 1.73%, more than CHPS's 0.31% yield.

Position	TTM	2025	2024	2023
CHPS Xtrackers Semiconductor Select Equity ETF	0.31%	0.68%	1.75%	0.36%
CTEX ProShares S&P Kensho Cleantech ETF	1.73%	2.17%	0.57%	0.12%

Frequently Asked Questions

Can I hold both CTEX and CHPS in my portfolio?

CTEX and CHPS have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CTEX or CHPS?

CHPS has higher volatility (22.65%) compared to CTEX (19.24%). In terms of maximum drawdown, CTEX dropped -70.31% vs CHPS's -39.44%.

Which ETF is better, CTEX or CHPS?

On 1-year performance, CHPS leads with 199.74% vs 116.42% for CTEX. On fees, CHPS is cheaper at 0.15% per year. On volatility, CTEX has been the lower-risk option at 19.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CTEX or CHPS?

Over the 1-year period, CHPS has performed better with a 199.74% return vs 116.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CTEX or CHPS?

CHPS is cheaper with a 0.15% expense ratio, compared with 0.58% for CTEX.

Which ETF pays a higher dividend yield, CTEX or CHPS?

CTEX has the higher dividend yield at 1.73%, compared with 0.31% for CHPS.

What is the main difference between CTEX and CHPS?

CTEX is categorized as Alternative Energy Equities, while CHPS is Semiconductors. CTEX tracks S&P Kensho Cleantech Index, while CHPS tracks Solactive Semiconductor ESG Screened Index. They also come from different issuers: ProShares and Xtrackers. Their fees differ too: 0.58% for CTEX and 0.15% for CHPS.

Which has better risk-adjusted returns?

CHPS currently has the higher Sharpe Ratio (5.05 vs 2.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.