MSFH.TO vs. CHPS.TO
MSFH.TO (Harvest Microsoft High Income Shares ETF Class A Units) and CHPS.TO (Global X Artificial Intelligence Semiconductor Index ETF) are both exchange-traded funds - MSFH.TO is a Technology Equities fund actively managed by Harvest, while CHPS.TO is a Semiconductors fund tracking the PHLX US AI Semiconductor Index. MSFH.TO is actively managed, while CHPS.TO is passively managed. Over the past year, MSFH.TO returned -16.47% vs 89.48% for CHPS.TO. At a 0.35 correlation, their price movements are largely independent.
Performance
MSFH.TO vs. CHPS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MSFH.TO achieves a -14.71% return, which is significantly lower than CHPS.TO's 56.69% return.
MSFH.TO
- 1D
- 2.09%
- 1M
- -0.58%
- 6M
- -11.58%
- YTD
- -14.71%
- 1Y
- -16.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CHPS.TO
- 1D
- -1.01%
- 1M
- -6.66%
- 6M
- 46.63%
- YTD
- 56.69%
- 1Y
- 89.48%
- 3Y*
- 45.32%
- 5Y*
- 29.09%
- 10Y*
- —
MSFH.TO vs. CHPS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSFH.TO Harvest Microsoft High Income Shares ETF Class A Units | -14.71% | 6.58% | 5.90% |
CHPS.TO Global X Artificial Intelligence Semiconductor Index ETF | 56.69% | 45.93% | -5.11% |
Correlation
The correlation between MSFH.TO and CHPS.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024 | 0.35 |
The correlation between MSFH.TO and CHPS.TO shifts across timeframes, from 0.20 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MSFH.TO vs. CHPS.TO — Risk / Return Rank
MSFH.TO
CHPS.TO
MSFH.TO vs. CHPS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Microsoft High Income Shares ETF Class A Units (MSFH.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.
| MSFH.TO | CHPS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.09 | ||
| Sortino ratioReturn per unit of downside risk | -3.56 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.38 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 6.81 | -7.35 |
| Martin ratioReturn relative to average drawdown | -0.97 | 18.24 | -19.21 |
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Drawdowns
MSFH.TO vs. CHPS.TO - Drawdown Comparison
The maximum MSFH.TO drawdown since its inception was -31.00%, smaller than the maximum CHPS.TO drawdown of -48.16%. Use the drawdown chart below to compare losses from any high point for MSFH.TO and CHPS.TO.
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Drawdown Indicators
| MSFH.TO | CHPS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.00% | -48.16% | +17.16% |
Max Drawdown (1Y)Largest decline over 1 year | -31.00% | -13.35% | -17.65% |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.16% | — |
Current DrawdownCurrent decline from peak | -23.17% | -9.95% | -13.22% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -13.74% | +3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.11% | 4.96% | +12.15% |
Volatility
MSFH.TO vs. CHPS.TO - Volatility Comparison
The current volatility for Harvest Microsoft High Income Shares ETF Class A Units (MSFH.TO) is 10.91%, while Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) has a volatility of 17.48%. This indicates that MSFH.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
| MSFH.TO | CHPS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.91% | 17.48% | -6.57% |
Volatility (6M)Calculated over the trailing 6-month period | 21.78% | 31.69% | -9.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.35% | 37.90% | -13.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.48% | 35.22% | -11.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.48% | 35.08% | -11.60% |
Dividends
MSFH.TO vs. CHPS.TO - Dividend Comparison
MSFH.TO's dividend yield for the trailing twelve months is around 19.13%, more than CHPS.TO's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CHPS.TO Global X Artificial Intelligence Semiconductor Index ETF | 0.01% | 0.01% | 0.20% | 0.53% | 0.97% | 0.01% |
MSFH.TO Harvest Microsoft High Income Shares ETF Class A Units | 19.13% | 14.88% | 4.59% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSFH.TO and CHPS.TO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFH.TO is categorized as Technology Equities, while CHPS.TO is Semiconductors. They also come from different issuers: Harvest and Global X.
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