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

HOD.TO vs. CHPS.TO

Last updated Jul 1, 2026
See Documentation

HOD.TO (BetaPro Crude Oil Inverse Leveraged Daily Bear ETF) and CHPS.TO (Global X Artificial Intelligence Semiconductor Index ETF) are both exchange-traded funds - HOD.TO is a Inverse Commodities fund actively managed by Global X, while CHPS.TO is a Semiconductors fund tracking the PHLX US AI Semiconductor Index. HOD.TO is actively managed, while CHPS.TO is passively managed. Over the past 5 years, HOD.TO returned -48.11%/yr vs 30.44%/yr for CHPS.TO. At a correlation of -0.07, they often move in opposite directions.

Performance

HOD.TO vs. CHPS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro Crude Oil Inverse Leveraged Daily Bear ETF (HOD.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, HOD.TO achieves a -70.59% return, which is significantly lower than CHPS.TO's 74.01% return.

HOD.TO

1D
0.78%
1M
41.19%
YTD
-70.59%
6M
-70.13%
1Y
-70.02%
3Y*
-47.08%
5Y*
-48.11%
10Y*
-37.53%

CHPS.TO

1D
4.14%
1M
13.32%
YTD
74.01%
6M
73.30%
1Y
120.10%
3Y*
51.80%
5Y*
30.44%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
HOD.TO
BetaPro Crude Oil Inverse Leveraged Daily Bear ETF		-70.59%-6.76%-33.08%-10.68%-67.08%-31.27%
CHPS.TO
Global X Artificial Intelligence Semiconductor Index ETF		74.01%45.93%20.38%68.20%-37.86%23.13%

Correlation

The correlation between HOD.TO and CHPS.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.18

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

-0.00

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

-0.07

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

-0.07

The correlation between HOD.TO and CHPS.TO shifts across timeframes, from -0.07 (5 years) to 0.18 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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BetaPro Crude Oil Inverse Leveraged Daily Bear ETF

Global X Artificial Intelligence Semiconductor Index ETF

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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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HOD.TO
HOD.TO Risk / Return Rank: 22
Overall Rank
HOD.TO Sharpe Ratio Rank: 33
Sharpe Ratio Rank
HOD.TO Sortino Ratio Rank: 33
Sortino Ratio Rank
HOD.TO Omega Ratio Rank: 22
Omega Ratio Rank
HOD.TO Calmar Ratio Rank: 33
Calmar Ratio Rank
HOD.TO Martin Ratio Rank: 11
Martin Ratio Rank
CHPS.TO
CHPS.TO Risk / Return Rank: 9494
Overall Rank
CHPS.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
CHPS.TO Sortino Ratio Rank: 9191
Sortino Ratio Rank
CHPS.TO Omega Ratio Rank: 9191
Omega Ratio Rank
CHPS.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
CHPS.TO Martin Ratio Rank: 9595
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.

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

This table presents a comparison of risk-adjusted performance metrics for BetaPro Crude Oil Inverse Leveraged Daily Bear ETF (HOD.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.

HOD.TOCHPS.TODifference
Sharpe ratioReturn per unit of total volatility
-0.84
3.43

-4.26

Sortino ratioReturn per unit of downside risk
-1.35
3.66

-5.01

Omega ratioGain probability vs. loss probability

0.84

1.51

-0.67

Calmar ratioReturn relative to maximum drawdown

-0.82

9.21

-10.03

Martin ratioReturn relative to average drawdown

-1.52

26.33

-27.85

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

The current HOD.TO Sharpe Ratio is -0.84, which is lower than the CHPS.TO Sharpe Ratio of 3.43. The chart below compares the historical Sharpe Ratios of HOD.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

HOD.TO vs. CHPS.TO - Drawdown Comparison

The maximum HOD.TO drawdown since its inception was -99.88%, which is greater than CHPS.TO's maximum drawdown of -48.16%. Use the drawdown chart below to compare losses from any high point for HOD.TO and CHPS.TO.

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Drawdown Indicators

HOD.TOCHPS.TODifference

Max Drawdown

Largest peak-to-trough decline

-99.88%

-48.16%

-51.72%

Max Drawdown (1Y)

Largest decline over 1 year

-85.78%

-13.35%

-72.43%

Max Drawdown (3Y)

Largest decline over 3 years

-92.17%

-37.49%

-54.68%

Max Drawdown (5Y)

Largest decline over 5 years

-98.46%

-48.16%

-50.30%

Max Drawdown (10Y)

Largest decline over 10 years

-99.78%

—

—

Current Drawdown

Current decline from peak

-99.77%

0.00%

-99.77%

Average Drawdown

Average peak-to-trough decline

-83.61%

-13.78%

-69.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

46.27%

4.63%

+41.64%

Volatility

HOD.TO vs. CHPS.TO - Volatility Comparison

BetaPro Crude Oil Inverse Leveraged Daily Bear ETF (HOD.TO) has a higher volatility of 22.25% compared to Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) at 18.23%. This indicates that HOD.TO's price experiences larger fluctuations and is considered to be riskier 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

HOD.TOCHPS.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

22.25%

18.23%

+4.02%

Volatility (6M)

Calculated over the trailing 6-month period

77.63%

29.35%

+48.28%

Volatility (1Y)

Calculated over the trailing 1-year period

83.85%

35.87%

+47.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

74.83%

34.86%

+39.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

82.29%

34.78%

+47.51%

Dividends

HOD.TO vs. CHPS.TO - Dividend Comparison

HOD.TO has not paid dividends to shareholders, while CHPS.TO's dividend yield for the trailing twelve months is around 0.01%.

PositionTTM20252024202320222021
CHPS.TO
Global X Artificial Intelligence Semiconductor Index ETF		0.01%0.01%0.20%0.53%0.97%0.01%
HOD.TO
BetaPro Crude Oil Inverse Leveraged Daily Bear ETF		0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

HOD.TO and CHPS.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HOD.TO is categorized as Inverse Commodities, while CHPS.TO is Semiconductors.

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