EDGE.TO vs. CHPS.TO

Last updated Jul 25, 2026

EDGE.TO (Evolve Innovation Index Fund) and CHPS.TO (Global X Artificial Intelligence Semiconductor Index ETF) are both exchange-traded funds - EDGE.TO is a Technology Equities fund tracking the Solactive Global Innovation Index, while CHPS.TO is a Artificial Intelligence fund tracking the PHLX US AI Semiconductor Index. Both are passively managed. Over the past 5 years, EDGE.TO returned 4.25%/yr vs 27.10%/yr for CHPS.TO. A 0.57 correlation means they provide meaningful diversification when combined. EDGE.TO charges 0.67%/yr vs 0.63%/yr for CHPS.TO.

Performance

EDGE.TO vs. CHPS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Innovation Index Fund (EDGE.TO) and Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDGE.TO achieves a 12.54% return, which is significantly lower than CHPS.TO's 50.87% return.

EDGE.TO

• 1D: -0.33%
• 1M: -3.20%
• 6M: 11.39%
• YTD: 12.54%
• 1Y: 12.02%
• 3Y*: 14.86%
• 5Y*: 4.25%
• 10Y*: —
• ALL TIME*: 11.58%

CHPS.TO

• 1D: -2.84%
• 1M: -7.24%
• 6M: 38.19%
• YTD: 50.87%
• 1Y: 82.61%
• 3Y*: 44.08%
• 5Y*: 27.10%
• 10Y*: —
• ALL TIME*: 27.28%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CHPS.TO Global X Artificial Intelligence Semiconductor Index ETF	CA$5.32M	CA$8.50M	CA$6.98M
EDGE.TO Evolve Innovation Index Fund	CA$27.25K	CA$23.58K	CA$26.33K

EDGE.TO vs. CHPS.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EDGE.TO Evolve Innovation Index Fund	12.54%	11.95%	17.11%	25.65%	-33.70%	1.71%
CHPS.TO Global X Artificial Intelligence Semiconductor Index ETF	50.87%	45.93%	20.38%	68.20%	-37.86%	23.13%

Correlation

The correlation between EDGE.TO and CHPS.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Jun 22, 2021	0.57

The correlation between EDGE.TO and CHPS.TO shifts across timeframes, from 0.44 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EDGE.TO vs. CHPS.TO — Risk / Return Rank

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

EDGE.TO

EDGE.TO Risk / Return Rank: 24
EDGE.TO Sharpe Ratio Rank: 26
EDGE.TO Sortino Ratio Rank: 25
EDGE.TO Omega Ratio Rank: 25
EDGE.TO Calmar Ratio Rank: 23
EDGE.TO Martin Ratio Rank: 22

CHPS.TO

CHPS.TO Risk / Return Rank: 88
CHPS.TO Sharpe Ratio Rank: 90
CHPS.TO Sortino Ratio Rank: 80
CHPS.TO Omega Ratio Rank: 83
CHPS.TO Calmar Ratio Rank: 95
CHPS.TO 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.

EDGE.TO vs. CHPS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Innovation Index Fund (EDGE.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.

	EDGE.TO	CHPS.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.58	2.19	-1.61
Sortino ratio: Return per unit of downside risk	0.94	2.58	-1.64
Omega ratio: Gain probability vs. loss probability	1.12	1.35	-0.24
Calmar ratio: Return relative to maximum drawdown	0.66	5.56	-4.90
Martin ratio: Return relative to average drawdown	1.55	15.54	-13.99

EDGE.TO vs. CHPS.TO - Sharpe Ratio Comparison

The current EDGE.TO Sharpe Ratio is 0.58, which is lower than the CHPS.TO Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of EDGE.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.

Drawdowns

EDGE.TO vs. CHPS.TO - Drawdown Comparison

The maximum EDGE.TO drawdown since its inception was -39.86%, smaller than the maximum CHPS.TO drawdown of -48.16%. Use the drawdown chart below to compare losses from any high point for EDGE.TO and CHPS.TO.

Drawdown Indicators

	EDGE.TO	CHPS.TO	Difference
Max Drawdown Largest peak-to-trough decline	-39.86%	-48.16%	+8.30%
Max Drawdown (1Y) Largest decline over 1 year	-18.43%	-15.10%	-3.33%
Max Drawdown (3Y) Largest decline over 3 years	-21.92%	-37.49%	+15.57%
Max Drawdown (5Y) Largest decline over 5 years	-39.86%	-48.16%	+8.30%
Current Drawdown Current decline from peak	-9.10%	-13.29%	+4.19%
Average Drawdown Average peak-to-trough decline	-12.84%	-13.73%	+0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.77%	5.37%	+2.40%

Volatility

EDGE.TO vs. CHPS.TO - Volatility Comparison

The current volatility for Evolve Innovation Index Fund (EDGE.TO) is 6.75%, while Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) has a volatility of 16.41%. This indicates that EDGE.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.

Volatility by Period

	EDGE.TO	CHPS.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	16.41%	-9.66%
Volatility (6M) Calculated over the trailing 6-month period	17.69%	32.00%	-14.31%
Volatility (1Y) Calculated over the trailing 1-year period	20.69%	38.32%	-17.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.81%	35.32%	-12.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.67%	35.13%	-11.46%

EDGE.TO vs. CHPS.TO - Expense Ratio Comparison

EDGE.TO has a 0.67% expense ratio, which is higher than CHPS.TO's 0.63% expense ratio.

Dividends

EDGE.TO vs. CHPS.TO - Dividend Comparison

EDGE.TO's dividend yield for the trailing twelve months is around 0.44%, more than CHPS.TO's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%	0.00%
EDGE.TO Evolve Innovation Index Fund	0.44%	0.36%	0.53%	0.06%	0.08%	0.05%	0.06%	0.09%	0.09%

Frequently Asked Questions

Can I hold both EDGE.TO and CHPS.TO in my portfolio?

EDGE.TO and CHPS.TO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EDGE.TO or CHPS.TO?

On fees, CHPS.TO is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EDGE.TO or CHPS.TO?

CHPS.TO is cheaper with a 0.63% expense ratio, compared with 0.67% for EDGE.TO.

What is the main difference between EDGE.TO and CHPS.TO?

EDGE.TO is categorized as Technology Equities, while CHPS.TO is Artificial Intelligence. EDGE.TO tracks Solactive Global Innovation Index, while CHPS.TO tracks PHLX US AI Semiconductor Index. They also come from different issuers: Evolve Funds Group Inc. and Global X. Their fees differ too: 0.67% for EDGE.TO and 0.63% for CHPS.TO.