GINN vs. CHPS

Last updated Aug 6, 2026

GINN (Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF) and CHPS (Xtrackers Semiconductor Select Equity ETF) are both exchange-traded funds - GINN is a Technology Equities fund tracking the Solactive Innovative Global Equity Index, while CHPS is a Semiconductors fund tracking the Solactive Semiconductor ESG Screened Index. Both are passively managed. Over the past 3 years, GINN returned 19.06%/yr vs 51.76%/yr for CHPS. Their 0.73 correlation means they have sometimes moved together and sometimes differently. GINN charges 0.50%/yr vs 0.15%/yr for CHPS.

Performance

GINN vs. CHPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) 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, GINN achieves a 11.30% return, which is significantly lower than CHPS's 79.10% return.

GINN

• 1D: -0.37%
• 1M: 1.66%
• 6M: 11.99%
• YTD: 11.30%
• 1Y: 21.40%
• 3Y*: 19.06%
• 5Y*: 6.54%
• 10Y*: —
• ALL TIME*: 9.30%

CHPS

• 1D: -1.75%
• 1M: -10.32%
• 6M: 57.99%
• YTD: 79.10%
• 1Y: 150.44%
• 3Y*: 51.76%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 48.96%

*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 Xtrackers Semiconductor Select Equity ETF	$3.26M	$2.66M	$3.97M
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	$177.96K	$142.54K	$200.57K

GINN vs. CHPS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	11.30%	20.25%	18.71%	5.36%
CHPS Xtrackers Semiconductor Select Equity ETF	79.10%	58.47%	7.75%	10.88%

Correlation

The correlation between GINN and CHPS is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.73

The correlation between GINN and CHPS has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.

GINN vs. CHPS - Sectors Allocation Comparison

Sectors	GINN	CHPS
Technology	33.0%	99.6%
Healthcare	22.0%	-
Financial Services	12.5%	0.2%
Consumer Cyclical	12.2%	0.0%
Communication Services	9.6%	0.0%
Industrials	5.0%	0.4%
Consumer Defensive	1.7%	0.0%
Utilities	1.7%	-
Energy	1.3%	0.6%
Real Estate	0.6%	-
Basic Materials	0.1%	-

Return for Risk

GINN vs. CHPS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GINN

GINN Risk / Return Rank: 43
GINN Sharpe Ratio Rank: 45
GINN Sortino Ratio Rank: 44
GINN Omega Ratio Rank: 42
GINN Calmar Ratio Rank: 40
GINN Martin Ratio Rank: 44

CHPS

CHPS Risk / Return Rank: 92
CHPS Sharpe Ratio Rank: 96
CHPS Sortino Ratio Rank: 90
CHPS Omega Ratio Rank: 90
CHPS Calmar Ratio Rank: 92
CHPS Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GINN vs. CHPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) 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.

	GINN	CHPS	Difference
Sharpe ratio: Return per unit of total volatility	1.29	3.29	-2.00
Sortino ratio: Return per unit of downside risk	1.84	3.39	-1.56
Omega ratio: Gain probability vs. loss probability	1.23	1.45	-0.23
Calmar ratio: Return relative to maximum drawdown	1.63	4.62	-2.99
Martin ratio: Return relative to average drawdown	5.54	18.81	-13.26

GINN vs. CHPS - Sharpe Ratio Comparison

The current GINN Sharpe Ratio is 1.29, which is lower than the CHPS Sharpe Ratio of 3.29. The chart below compares the historical Sharpe Ratios of GINN 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

GINN vs. CHPS - Drawdown Comparison

The maximum GINN drawdown since its inception was -41.25%, roughly equal to the maximum CHPS drawdown of -39.44%. Use the drawdown chart below to compare losses from any high point for GINN and CHPS.

Drawdown Indicators

	GINN	CHPS	Difference
Max Drawdown Largest peak-to-trough decline	-41.25%	-39.44%	-1.81%
Max Drawdown (1Y) Largest decline over 1 year	-13.18%	-32.74%	+19.56%
Max Drawdown (3Y) Largest decline over 3 years	-22.25%	-39.44%	+17.19%
Max Drawdown (5Y) Largest decline over 5 years	-41.25%	—	—
Current Drawdown Current decline from peak	-0.37%	-21.34%	+20.97%
Average Drawdown Average peak-to-trough decline	-13.06%	-9.41%	-3.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.87%	8.03%	-4.16%

Volatility

GINN vs. CHPS - Volatility Comparison

The current volatility for Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) is 4.37%, while Xtrackers Semiconductor Select Equity ETF (CHPS) has a volatility of 19.19%. This indicates that GINN 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

	GINN	CHPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	19.19%	-14.82%
Volatility (6M) Calculated over the trailing 6-month period	13.05%	40.63%	-27.58%
Volatility (1Y) Calculated over the trailing 1-year period	16.65%	46.01%	-29.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.47%	37.42%	-15.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.95%	37.42%	-16.47%

GINN vs. CHPS - Expense Ratio Comparison

GINN has a 0.50% expense ratio, which is higher than CHPS's 0.15% expense ratio.

Dividends

GINN vs. CHPS - Dividend Comparison

GINN's dividend yield for the trailing twelve months is around 1.13%, more than CHPS's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CHPS Xtrackers Semiconductor Select Equity ETF	0.36%	0.68%	1.75%	0.36%	0.00%	0.00%	0.00%
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	1.13%	1.26%	1.26%	1.01%	0.69%	0.67%	0.07%

Frequently Asked Questions

Can I hold both GINN and CHPS in my portfolio?

GINN and CHPS have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GINN or CHPS?

CHPS has higher volatility (19.19%) compared to GINN (4.37%). In terms of maximum drawdown, GINN dropped -41.25% vs CHPS's -39.44%.

Which ETF is better, GINN or CHPS?

On 3-year performance, CHPS leads with 51.76% vs 19.06% for GINN. On fees, CHPS is cheaper at 0.15% per year. On volatility, GINN has been the lower-risk option at 4.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GINN or CHPS?

Over the 3-year period, CHPS has performed better with a 51.76% return vs 19.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GINN or CHPS?

CHPS is cheaper with a 0.15% expense ratio, compared with 0.50% for GINN.

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

GINN has the higher dividend yield at 1.13%, compared with 0.36% for CHPS.

What is the main difference between GINN and CHPS?

GINN is categorized as Technology Equities, while CHPS is Semiconductors. GINN tracks Solactive Innovative Global Equity Index, while CHPS tracks Solactive Semiconductor ESG Screened Index. They also come from different issuers: Goldman Sachs and Xtrackers. Their fees differ too: 0.50% for GINN and 0.15% for CHPS.

Which has better risk-adjusted returns?

CHPS currently has the higher Sharpe Ratio (3.29 vs 1.29), 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.