EMCS vs. CHPS

Last updated Jul 14, 2026

EMCS (Xtrackers MSCI Emerging Markets Climate Selection ETF) and CHPS (Xtrackers Semiconductor Select Equity ETF) are both exchange-traded funds - EMCS is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Climate Select Index, while CHPS is a Semiconductors fund tracking the Solactive Semiconductor ESG Screened Index. Both are passively managed. Over the past 3 years, EMCS returned 23.07%/yr vs 52.99%/yr for CHPS. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.

Performance

EMCS vs. CHPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI Emerging Markets Climate Selection ETF (EMCS) 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, EMCS achieves a 24.75% return, which is significantly lower than CHPS's 87.17% return.

EMCS

• 1D: -3.99%
• 1M: -3.97%
• 6M: 17.62%
• YTD: 24.75%
• 1Y: 44.48%
• 3Y*: 23.07%
• 5Y*: 7.01%
• 10Y*: —

CHPS

• 1D: -5.25%
• 1M: -8.40%
• 6M: 68.06%
• YTD: 87.17%
• 1Y: 148.08%
• 3Y*: 52.99%
• 5Y*: —
• 10Y*: —

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

EMCS vs. CHPS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EMCS Xtrackers MSCI Emerging Markets Climate Selection ETF	24.75%	38.71%	10.12%	-1.57%
CHPS Xtrackers Semiconductor Select Equity ETF	87.17%	58.47%	7.75%	10.88%

Correlation

The correlation between EMCS and CHPS is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.69

The correlation between EMCS and CHPS has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.

EMCS vs. CHPS - Sectors Allocation Comparison

Sectors	EMCS	CHPS
Technology	50.7%	99.6%
Financial Services	26.0%	0.2%
Consumer Cyclical	9.1%	0.0%
Communication Services	7.4%	0.0%
Basic Materials	2.6%	-
Real Estate	1.8%	-
Industrials	1.2%	0.4%
Energy	1.2%	0.6%
Consumer Defensive	0.0%	0.0%
Healthcare	0.0%	-
Utilities	0.0%	-

Return for Risk

EMCS vs. CHPS — Risk / Return Rank

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

EMCS

EMCS Risk / Return Rank: 69
EMCS Sharpe Ratio Rank: 66
EMCS Sortino Ratio Rank: 60
EMCS Omega Ratio Rank: 68
EMCS Calmar Ratio Rank: 76
EMCS Martin Ratio Rank: 73

CHPS

CHPS Risk / Return Rank: 95
CHPS Sharpe Ratio Rank: 96
CHPS Sortino Ratio Rank: 92
CHPS Omega Ratio Rank: 92
CHPS Calmar Ratio Rank: 97
CHPS Martin Ratio Rank: 96

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.

EMCS vs. CHPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets Climate Selection ETF (EMCS) 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.

	EMCS	CHPS	Difference
Sharpe ratio: Return per unit of total volatility	1.71	3.48	-1.78
Sortino ratio: Return per unit of downside risk	2.24	3.55	-1.30
Omega ratio: Gain probability vs. loss probability	1.32	1.48	-0.16
Calmar ratio: Return relative to maximum drawdown	3.12	8.37	-5.25
Martin ratio: Return relative to average drawdown	10.68	27.10	-16.42

EMCS vs. CHPS - Sharpe Ratio Comparison

The current EMCS Sharpe Ratio is 1.71, which is lower than the CHPS Sharpe Ratio of 3.48. The chart below compares the historical Sharpe Ratios of EMCS 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

EMCS vs. CHPS - Drawdown Comparison

The maximum EMCS drawdown since its inception was -44.86%, which is greater than CHPS's maximum drawdown of -39.44%. Use the drawdown chart below to compare losses from any high point for EMCS and CHPS.

Drawdown Indicators

	EMCS	CHPS	Difference
Max Drawdown Largest peak-to-trough decline	-44.86%	-39.44%	-5.42%
Max Drawdown (1Y) Largest decline over 1 year	-14.32%	-17.80%	+3.48%
Max Drawdown (3Y) Largest decline over 3 years	-16.73%	-39.44%	+22.71%
Max Drawdown (5Y) Largest decline over 5 years	-40.25%	—	—
Current Drawdown Current decline from peak	-9.88%	-17.80%	+7.92%
Average Drawdown Average peak-to-trough decline	-16.45%	-9.12%	-7.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	5.49%	-1.31%

Volatility

EMCS vs. CHPS - Volatility Comparison

The current volatility for Xtrackers MSCI Emerging Markets Climate Selection ETF (EMCS) is 12.31%, while Xtrackers Semiconductor Select Equity ETF (CHPS) has a volatility of 23.50%. This indicates that EMCS 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

	EMCS	CHPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.31%	23.50%	-11.19%
Volatility (6M) Calculated over the trailing 6-month period	23.90%	37.65%	-13.75%
Volatility (1Y) Calculated over the trailing 1-year period	26.27%	42.85%	-16.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.52%	36.44%	-14.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.12%	36.44%	-14.32%

EMCS vs. CHPS - Expense Ratio Comparison

Both EMCS and CHPS have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

EMCS vs. CHPS - Dividend Comparison

EMCS's dividend yield for the trailing twelve months is around 1.52%, more than CHPS's 0.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CHPS Xtrackers Semiconductor Select Equity ETF	0.35%	0.68%	1.75%	0.36%	0.00%	0.00%	0.00%	0.00%
EMCS Xtrackers MSCI Emerging Markets Climate Selection ETF	1.52%	1.66%	0.67%	3.07%	2.26%	1.46%	1.40%	3.56%

Frequently Asked Questions

Can I hold both EMCS and CHPS in my portfolio?

EMCS and CHPS have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMCS or CHPS?

CHPS has higher volatility (23.50%) compared to EMCS (12.31%). In terms of maximum drawdown, EMCS dropped -44.86% vs CHPS's -39.44%.

Which ETF is better, EMCS or CHPS?

On 3-year performance, CHPS leads with 52.99% vs 23.07% for EMCS. Both ETFs have the same 0.15% expense ratio. On volatility, EMCS has been the lower-risk option at 12.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMCS or CHPS?

Over the 3-year period, CHPS has performed better with a 52.99% return vs 23.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMCS or CHPS?

EMCS and CHPS have the same expense ratio: 0.15% per year.

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

EMCS has the higher dividend yield at 1.52%, compared with 0.35% for CHPS.

What is the main difference between EMCS and CHPS?

EMCS is categorized as Emerging Markets Equities, while CHPS is Semiconductors. EMCS tracks MSCI Emerging Markets Climate Select Index, while CHPS tracks Solactive Semiconductor ESG Screened Index.

Which has better risk-adjusted returns?

CHPS currently has the higher Sharpe Ratio (3.48 vs 1.71), 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.