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HAD.TO vs. CHPS.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HAD.TO vs. CHPS.TO

Last updated Jul 16, 2026
Documentation

HAD.TO (Global X Active Canadian Bond ETF) and CHPS.TO (Global X Artificial Intelligence Semiconductor Index ETF) are both exchange-traded funds - HAD.TO is a Total Bond Market fund actively managed by Global X, while CHPS.TO is a Semiconductors fund tracking the PHLX US AI Semiconductor Index. HAD.TO is actively managed, while CHPS.TO is passively managed. Over the past 5 years, HAD.TO returned 0.24%/yr vs 29.09%/yr for CHPS.TO. At a 0.08 correlation, their price movements are largely independent.

Performance

HAD.TO vs. CHPS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Active Canadian Bond ETF (HAD.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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Returns By Period

In the year-to-date period, HAD.TO achieves a 0.97% return, which is significantly lower than CHPS.TO's 56.69% return.

HAD.TO

1D
0.33%
1M
-0.58%
6M
0.64%
YTD
0.97%
1Y
4.00%
3Y*
4.26%
5Y*
0.24%
10Y*
1.37%

CHPS.TO

1D
-1.01%
1M
-6.66%
6M
46.63%
YTD
56.69%
1Y
89.48%
3Y*
45.32%
5Y*
29.09%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
HAD.TO
Global X Active Canadian Bond ETF		0.97%3.04%4.29%6.25%-12.17%0.72%
CHPS.TO
Global X Artificial Intelligence Semiconductor Index ETF		56.69%45.93%20.38%68.20%-37.86%23.13%

Correlation

The correlation between HAD.TO and CHPS.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.16

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

0.10

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

0.08

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

0.08

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 Active Canadian Bond ETF

Global X Artificial Intelligence Semiconductor Index ETF

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Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HAD.TO
HAD.TO Risk / Return Rank: 2727
Overall Rank
HAD.TO Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
HAD.TO Sortino Ratio Rank: 2525
Sortino Ratio Rank
HAD.TO Omega Ratio Rank: 2424
Omega Ratio Rank
HAD.TO Calmar Ratio Rank: 3131
Calmar Ratio Rank
HAD.TO Martin Ratio Rank: 3030
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.

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

This table presents a comparison of risk-adjusted performance metrics for Global X Active Canadian Bond ETF (HAD.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.

HAD.TOCHPS.TODifference
Sharpe ratioReturn per unit of total volatility
0.81
2.41

-1.60

Sortino ratioReturn per unit of downside risk
1.20
2.74

-1.54

Omega ratioGain probability vs. loss probability

1.15

1.38

-0.24

Calmar ratioReturn relative to maximum drawdown

1.32

6.81

-5.50

Martin ratioReturn relative to average drawdown

3.48

18.24

-14.76

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

The current HAD.TO Sharpe Ratio is 0.81, which is lower than the CHPS.TO Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of HAD.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

HAD.TO vs. CHPS.TO - Drawdown Comparison

The maximum HAD.TO drawdown since its inception was -22.77%, smaller than the maximum CHPS.TO drawdown of -48.16%. Use the drawdown chart below to compare losses from any high point for HAD.TO and CHPS.TO.

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Drawdown Indicators

HAD.TOCHPS.TODifference

Max Drawdown

Largest peak-to-trough decline

-22.77%

-48.16%

+25.39%

Max Drawdown (1Y)

Largest decline over 1 year

-3.05%

-13.35%

+10.30%

Max Drawdown (3Y)

Largest decline over 3 years

-5.95%

-37.49%

+31.54%

Max Drawdown (5Y)

Largest decline over 5 years

-17.19%

-48.16%

+30.97%

Max Drawdown (10Y)

Largest decline over 10 years

-22.77%

—

—

Current Drawdown

Current decline from peak

-4.38%

-9.95%

+5.57%

Average Drawdown

Average peak-to-trough decline

-5.45%

-13.74%

+8.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.15%

4.96%

-3.81%

Volatility

HAD.TO vs. CHPS.TO - Volatility Comparison

The current volatility for Global X Active Canadian Bond ETF (HAD.TO) is 1.46%, while Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) has a volatility of 17.48%. This indicates that HAD.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

HAD.TOCHPS.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.46%

17.48%

-16.02%

Volatility (6M)

Calculated over the trailing 6-month period

3.61%

31.69%

-28.08%

Volatility (1Y)

Calculated over the trailing 1-year period

4.98%

37.90%

-32.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.06%

35.22%

-28.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.90%

35.08%

-26.18%

Dividends

HAD.TO vs. CHPS.TO - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%0.00%
HAD.TO
Global X Active Canadian Bond ETF		3.73%3.46%3.14%3.04%3.12%2.09%2.04%2.29%2.64%2.85%2.96%2.61%

Frequently Asked Questions

HAD.TO and CHPS.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HAD.TO is categorized as Total Bond Market, while CHPS.TO is Semiconductors.

Portfolio Optimizer

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