DBJP vs. CHPS

Last updated Jun 4, 2026

DBJP (Xtrackers MSCI Japan Hedged Equity ETF) and CHPS (Xtrackers Semiconductor Select Equity ETF) are both exchange-traded funds - DBJP is a Japan Equities fund tracking the MSCI Japan US Dollar Hedged Index, while CHPS is a Semiconductors fund tracking the Solactive Semiconductor ESG Screened Index - Benchmark TR Gross. Both are passively managed. Over the past year, DBJP returned 52.66% vs 223.67% for CHPS. A 0.52 correlation means they provide meaningful diversification when combined. DBJP charges 0.45%/yr vs 0.15%/yr for CHPS.

Performance

DBJP vs. CHPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI Japan Hedged Equity ETF (DBJP) 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, DBJP achieves a 20.51% return, which is significantly lower than CHPS's 107.97% return.

DBJP

• 1D: 0.81%
• 1M: 8.88%
• YTD: 20.51%
• 6M: 24.02%
• 1Y: 52.66%
• 3Y*: 29.04%
• 5Y*: 21.44%
• 10Y*: 16.54%

CHPS

• 1D: 1.86%
• 1M: 32.32%
• YTD: 107.97%
• 6M: 109.04%
• 1Y: 223.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DBJP vs. CHPS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DBJP Xtrackers MSCI Japan Hedged Equity ETF	20.51%	29.51%	25.53%	8.12%
CHPS Xtrackers Semiconductor Select Equity ETF	107.97%	58.47%	7.75%	10.88%

Correlation

The correlation between DBJP and CHPS is 0.52, 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	0.52
Correlation (All Time) Calculated using the full available price history since Jul 14, 2023	0.52

The correlation between DBJP and CHPS has been stable across timeframes, ranging from 0.52 to 0.52 - a consistent structural relationship.

DBJP vs. CHPS - Sectors Allocation Comparison

Sectors	DBJP	CHPS
Industrials	26.0%	0.4%
Technology	19.1%	98.8%
Financial Services	17.5%	0.2%
Consumer Cyclical	12.2%	-
Communication Services	7.9%	-
Healthcare	6.3%	-
Consumer Defensive	3.6%	-
Basic Materials	3.0%	-
Real Estate	2.3%	-
Utilities	1.1%	-
Energy	1.1%	0.5%

Return for Risk

DBJP vs. CHPS — Risk / Return Rank

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

DBJP

DBJP Risk / Return Rank: 86
DBJP Sharpe Ratio Rank: 85
DBJP Sortino Ratio Rank: 85
DBJP Omega Ratio Rank: 83
DBJP Calmar Ratio Rank: 88
DBJP Martin Ratio Rank: 88

CHPS

CHPS Risk / Return Rank: 97
CHPS Sharpe Ratio Rank: 99
CHPS Sortino Ratio Rank: 97
CHPS Omega Ratio Rank: 96
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.

DBJP vs. CHPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan Hedged Equity ETF (DBJP) 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.

	DBJP	CHPS	Difference
Sharpe ratio: Return per unit of total volatility	2.83	6.54	-3.71
Sortino ratio: Return per unit of downside risk	3.89	6.07	-2.17
Omega ratio: Gain probability vs. loss probability	1.51	1.81	-0.31
Calmar ratio: Return relative to maximum drawdown	5.09	12.87	-7.78
Martin ratio: Return relative to average drawdown	19.86	49.99	-30.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBJP vs. CHPS - Sharpe Ratio Comparison

The current DBJP Sharpe Ratio is 2.83, which is lower than the CHPS Sharpe Ratio of 6.54. The chart below compares the historical Sharpe Ratios of DBJP 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.

Sharpe Ratios by Period

	DBJP	CHPS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.83	6.54	-3.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.14	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	1.81	-1.13

Drawdowns

DBJP vs. CHPS - Drawdown Comparison

The maximum DBJP drawdown since its inception was -31.30%, smaller than the maximum CHPS drawdown of -39.44%. Use the drawdown chart below to compare losses from any high point for DBJP and CHPS.

Drawdown Indicators

	DBJP	CHPS	Difference
Max Drawdown Largest peak-to-trough decline	-31.30%	-39.44%	+8.14%
Max Drawdown (1Y) Largest decline over 1 year	-10.39%	-17.50%	+7.11%
Max Drawdown (3Y) Largest decline over 3 years	-21.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.30%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.29%	-9.16%	+1.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	4.50%	-1.84%

Volatility

DBJP vs. CHPS - Volatility Comparison

The current volatility for Xtrackers MSCI Japan Hedged Equity ETF (DBJP) is 3.85%, while Xtrackers Semiconductor Select Equity ETF (CHPS) has a volatility of 14.18%. This indicates that DBJP 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

	DBJP	CHPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	14.18%	-10.33%
Volatility (6M) Calculated over the trailing 6-month period	13.79%	28.19%	-14.40%
Volatility (1Y) Calculated over the trailing 1-year period	18.69%	34.43%	-15.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.93%	33.78%	-14.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.46%	33.78%	-14.32%

DBJP vs. CHPS - Expense Ratio Comparison

DBJP has a 0.45% expense ratio, which is higher than CHPS's 0.15% expense ratio.

Dividends

DBJP vs. CHPS - Dividend Comparison

DBJP's dividend yield for the trailing twelve months is around 2.34%, more than CHPS's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHPS Xtrackers Semiconductor Select Equity ETF	0.32%	0.68%	1.75%	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DBJP Xtrackers MSCI Japan Hedged Equity ETF	2.34%	2.81%	2.80%	5.21%	0.80%	2.30%	2.53%	2.56%	3.87%	2.07%	1.13%	5.95%

Frequently Asked Questions

Can I hold both DBJP and CHPS in my portfolio?

DBJP and CHPS have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBJP or CHPS?

CHPS has higher volatility (14.18%) compared to DBJP (3.85%). In terms of maximum drawdown, DBJP dropped -31.30% vs CHPS's -39.44%.

Which ETF is better, DBJP or CHPS?

On 1-year performance, CHPS leads with 223.67% vs 52.66% for DBJP. On fees, CHPS is cheaper at 0.15% per year. On volatility, DBJP has been the lower-risk option at 3.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DBJP or CHPS?

Over the 1-year period, CHPS has performed better with a 223.67% return vs 52.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DBJP or CHPS?

CHPS is cheaper with a 0.15% expense ratio, compared with 0.45% for DBJP.

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

DBJP has the higher dividend yield at 2.34%, compared with 0.32% for CHPS.

What is the main difference between DBJP and CHPS?

DBJP is categorized as Japan Equities, while CHPS is Semiconductors. DBJP tracks MSCI Japan US Dollar Hedged Index, while CHPS tracks Solactive Semiconductor ESG Screened Index - Benchmark TR Gross. Their fees differ too: 0.45% for DBJP and 0.15% for CHPS.

Which has better risk-adjusted returns?

CHPS currently has the higher Sharpe Ratio (6.54 vs 2.83), 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.