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DLR-U.TO vs. CHPS.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DLR-U.TO vs. CHPS.TO

Last updated Jul 16, 2026
Documentation

DLR-U.TO (Global X U.S. Dollar Currency ETF) and CHPS.TO (Global X Artificial Intelligence Semiconductor Index ETF) are both exchange-traded funds - DLR-U.TO is a Currency fund actively managed by Global X, while CHPS.TO is a Semiconductors fund tracking the PHLX US AI Semiconductor Index. DLR-U.TO is actively managed, while CHPS.TO is passively managed. Over the past 5 years, DLR-U.TO returned 2.72%/yr vs 26.29%/yr for CHPS.TO. At a correlation of -0.03, they often move in opposite directions.

Performance

DLR-U.TO vs. CHPS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. Dollar Currency ETF (DLR-U.TO) and Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

DLR-U.TO is traded in USD, while CHPS.TO is traded in CAD. To make them comparable, the CHPS.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DLR-U.TO achieves a 1.24% return, which is significantly lower than CHPS.TO's 52.71% return.

DLR-U.TO

1D
0.00%
1M
0.33%
6M
1.24%
YTD
1.24%
1Y
2.75%
3Y*
3.55%
5Y*
2.72%
10Y*
1.55%

CHPS.TO

1D
-0.32%
1M
-7.24%
6M
44.91%
YTD
52.71%
1Y
84.80%
3Y*
42.01%
5Y*
26.29%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DLR-U.TO vs. CHPS.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
DLR-U.TO
Global X U.S. Dollar Currency ETF		1.24%3.23%4.12%3.96%1.19%-0.10%
CHPS.TO
Global X Artificial Intelligence Semiconductor Index ETF		52.71%52.91%10.98%72.30%-41.56%19.51%

Correlation

The correlation between DLR-U.TO and CHPS.TO is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.10

Correlation (3Y)
Calculated over the trailing 3-year period

-0.04

Correlation (5Y)
Calculated over the trailing 5-year period

-0.03

Correlation (All Time)
Calculated using the full available price history since Jun 22, 2021

-0.03

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X U.S. Dollar Currency ETF

Global X Artificial Intelligence Semiconductor Index ETF

Often compared with CHPS.TO:
CHPS.TO vs. SMHCHPS.TO vs. XCHP.TOCHPS.TO vs. CHPS-U.TOCHPS.TO vs. CHPSCHPS.TO vs. XEQT.TOCHPS.TO vs. CIAI.TOCHPS.TO vs. QQC.TO

Return for Risk

DLR-U.TO vs. CHPS.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DLR-U.TO
DLR-U.TO Risk / Return Rank: 9696
Overall Rank
DLR-U.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
DLR-U.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
DLR-U.TO Omega Ratio Rank: 9595
Omega Ratio Rank
DLR-U.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
DLR-U.TO Martin Ratio Rank: 9898
Martin Ratio Rank
CHPS.TO
CHPS.TO Risk / Return Rank: 8787
Overall Rank
CHPS.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
CHPS.TO Sortino Ratio Rank: 7777
Sortino Ratio Rank
CHPS.TO Omega Ratio Rank: 8282
Omega Ratio Rank
CHPS.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
CHPS.TO Martin Ratio Rank: 9393
Martin Ratio Rank
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.

DLR-U.TO vs. CHPS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Dollar Currency ETF (DLR-U.TO) and Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO). 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.

DLR-U.TOCHPS.TODifference
Sharpe ratioReturn per unit of total volatility
2.55
2.26

+0.29

Sortino ratioReturn per unit of downside risk
4.09
2.61

+1.49

Omega ratioGain probability vs. loss probability

1.62

1.36

+0.26

Calmar ratioReturn relative to maximum drawdown

15.59

6.12

+9.48

Martin ratioReturn relative to average drawdown

46.28

17.11

+29.18

DLR-U.TO vs. CHPS.TO - Sharpe Ratio Comparison

The current DLR-U.TO Sharpe Ratio is 2.55, which is comparable to the CHPS.TO Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of DLR-U.TO and CHPS.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DLR-U.TO vs. CHPS.TO - Drawdown Comparison

The maximum DLR-U.TO drawdown since its inception was -3.81%, smaller than the maximum CHPS.TO drawdown of -51.97%. Use the drawdown chart below to compare losses from any high point for DLR-U.TO and CHPS.TO.

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Drawdown Indicators

DLR-U.TOCHPS.TODifference

Max Drawdown

Largest peak-to-trough decline

-3.81%

-51.97%

+48.16%

Max Drawdown (1Y)

Largest decline over 1 year

-0.18%

-14.09%

+13.91%

Max Drawdown (3Y)

Largest decline over 3 years

-0.18%

-40.16%

+39.98%

Max Drawdown (5Y)

Largest decline over 5 years

-0.30%

-51.97%

+51.67%

Max Drawdown (10Y)

Largest decline over 10 years

-0.89%

—

—

Current Drawdown

Current decline from peak

0.00%

-8.99%

+8.99%

Average Drawdown

Average peak-to-trough decline

-1.79%

-15.30%

+13.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.06%

5.01%

-4.95%

Volatility

DLR-U.TO vs. CHPS.TO - Volatility Comparison

The current volatility for Global X U.S. Dollar Currency ETF (DLR-U.TO) is 0.22%, while Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) has a volatility of 17.32%. This indicates that DLR-U.TO experiences smaller price fluctuations and is considered to be less risky than CHPS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DLR-U.TOCHPS.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.22%

17.32%

-17.10%

Volatility (6M)

Calculated over the trailing 6-month period

0.70%

31.78%

-31.08%

Volatility (1Y)

Calculated over the trailing 1-year period

1.09%

38.24%

-37.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.00%

35.78%

-34.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.03%

35.66%

-34.63%

Dividends

DLR-U.TO vs. CHPS.TO - Dividend Comparison

DLR-U.TO's dividend yield for the trailing twelve months is around 3.73%, more than CHPS.TO's 0.01% yield.

PositionTTM2025202420232022202120202019
CHPS.TO
Global X Artificial Intelligence Semiconductor Index ETF		0.01%0.01%0.20%0.53%0.97%0.01%0.00%0.00%
DLR-U.TO
Global X U.S. Dollar Currency ETF		3.73%3.30%3.36%4.94%0.00%0.00%0.00%0.74%

Frequently Asked Questions

DLR-U.TO and CHPS.TO have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DLR-U.TO is categorized as Currency, while CHPS.TO is Semiconductors.

Portfolio Optimizer

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